November 2007

Odds and Ends from the Personal Finance World

Posted by on November 30, 2007 in Misc.

This week’s odds and ends post consists of utterly random things that have come across my desk: Well respected and independent research firm Veritas Investment Research issued their most recent report on the Canadian banks this week- they gave Scotiabank a positive rating, put Royal Bank, TD and National Bank in neutral (hmm… they may [...]

When Do I Hold Rental Properties in a Corporation?

Posted by on November 28, 2007 in Real Estate

A reader recently asked me this question and one that I am pondering myself as I am investigating the possibility of investing in some rental properties (not sure whether it will be commercial or residential). As a complete coincidence, please read Million Dollar Journey’s post today on rental property and income taxes and deductions as [...]

Holiday Spending- do you want your mutual fund gift-wrapped?

Posted by on November 27, 2007 in Misc.

For a wide variety of reasons, the big old financial industry starts to gear up this time of year in conjunction with all the retailers trying to sell you things you probably don’t need (if you watch television, you would think that civilization started with the advent of the cellphone that plays MP3′s and you [...]

My Money Mistake and How to Avoid it

Posted by on November 24, 2007 in Misc.

Approximately 18 months ago, I started looking at purchasing shares in Saputo. Saputo makes cheese and they do it quite well with operations in Canada, United States and Europe. It is a consumer staple stock- a nice, safe, recession proof stock paying a steady dividend. The thing about cheese though is that it is subject [...]

Odds and Ends from the Personal Finance World

Posted by on November 23, 2007 in Misc.

I ended up finally finishing Get Smarter: Life and Business Lessons by Seymour Schulich (non-affiliate link). Schulich is a millionaire best known for his association with various resource companies and is a well-known philanthropist in the Toronto area (the York University MBA school is named after him). The book is basically divided into bite-sized chapter [...]

Profiting from Chaos- More on Bank Stocks

Posted by on November 22, 2007 in Investment Products

I wanted to follow up on my post last week on bank stocks. Clearly the end is not near any time soon- the latest numbers in the United States show housing starts surprisingly up but building permit applications down- which means things are ok in the near term but not great for the future. But [...]

How Friendly is Your Mortgage Company?

Posted by on November 21, 2007 in Real Estate

This week’s real estate Wednesday post deals with my mortgage company: Firstline Mortgages. Firstline Mortgages is owned by CIBC but, once upon a time, was an independent mortgage company. Considering that your mortgage may run upwards of 20 years, it is pretty important that you have a mortgage company that you feel comfortable dealing with. [...]

Buffet on the Move

Posted by on November 19, 2007 in Investment Strategy

Warren Buffet had himself quite a week last week; it was announced that he added holdings in banking and railways, gave advice on Alex Rodriguez on re-signing with the Yankees, giving A-Rod advice on making an end-run around his agent who gave him horrible advice (if A-Rod was really smart he would refuse to pay [...]

Odds and Ends from the Personal Finance World

Posted by on November 16, 2007 in Misc.

On a sports related website this week, a reader commented that the holiday decorations at their local Starbucks went up on November 8th this year, meaning that 13% of the year will be spent promoting the holidays. Thus, I am pleased to report that my link of the week goes to the latest fashion trend [...]

Is it time to buy banks?

Posted by on November 15, 2007 in Investment Advice

Here’s my statistic of the week: Bloomberg reports that that Goldman Sachs, Merrill Lynch, Morgan Stanley, Lehman Brothers and Bear Stearns will earn a combined $28 billion this year down 8.3 percent from last year. Merrill Lynch and Bear Stearns reported some substantial write-downs from subprime mortgage/asset backed commercial paper. So, despite all of that, [...]