Warren Buffett wrote an excellent piece for the New York Times calling for higher tax rates on the super-rich like him. He pays only 17.4% tax on his income, but average Americans pay a much higher percentage.
Tom Bradley at Steadyhand brings us an explanation of why Standard & Poor’s downgrade of U.S. government debt was incorrect.
Potato describes a market-linked GIC that claims “No cap on returns, no fees, participate in 100% of return.” If you’re suspicious that’s good because you should be. The fine print reveals details at odds with the marketing claim.
My Own Advisor reviews the book Investment Zoo. One good quote: “Taxation has never been fair, since government can only take from those who have money.”
The Blunt Bean Counter has seen people make mistakes in naming executors for their estates and has some detailed advice.
Million Dollar Journey explains how to create a stock watch-list with Google spreadsheets. I’ve gone a step further to automatically calculate where new money should be invested and raise a flag when I should rebalance my ETF holdings.
Canadian Financial DIY reports that the Ontario government is making changes to the probate system that will add more bureaucracy and slow down the distribution of estate assets.
Money Smarts takes the novice investor through all the detailed steps of how to sell stock with a Canadian discount brokerage.
Retire Happy Blog takes a calm, analytic view of market volatility.
Big Cajun Man says that a bank acquisition may lead to a merger with his credit cards.
Thanks for the mention!
ReplyDeleteThanks for the inclusion, have a great weekend.
ReplyDeleteMichael, thx for link
ReplyDeleteThanks for the link Michael - really good to see you last night too!
ReplyDeleteThanks for the mention Michael, enjoy your weekend and chat soon.
ReplyDeleteHi Michael, That link to Preet's post on the stupid comment that there were more buyers than sellers makes me think there needs to be a compilation of pet peeve stupid phrases that one encounters in the world of media and finance. Here's my modest suggestion to start things off - whenever the market goes down, it is said that "investors" are worried about Greece, the USA, Japan, whatever. The people mostly doing the panic selling and perhaps the opportunistic buying too are not investors, they are traders and speculators. I'd guess that 99% of trading volume these days is not investors - who intend to hold stocks for years - but people intent on taking advantage of short-term price moves.
ReplyDeleteCheers and thanks for the link.
Thanks for the mention!
ReplyDelete