August 2008

One Family’s Personal Finance Tale: August Edition

Posted by on August 28, 2008 in Mom2KG Columns

Our regular columnist , Mom2KG, checks in with her monthly column. As per your request, I have (finally) given Mom2KG a well-deserved category of her own. As usual, comments are highly encouraged from readers. Thanks so, so much to everyone who posted with their thoughts on my July post. As always, there were lots of [...]

The “dark suit, grey suit and blue suit” of personal finance

Posted by on August 27, 2008 in Investment Information

Perhaps it is the time of the year but, lately, I have been thinking about my school days a lot and the time immediately after graduation when things were so new and shiny about working life and every piece of advice given was gobbled up like cotton candy by children at a county fair. It [...]

Effective Negotiation Tactics: Staying away from the absolutes

Posted by on August 26, 2008 in Negotiations

I have created a new category called “negotiations” and added all my previous posts on negotiations into them. I hope you enjoy this once in a while series. Today’s negotiation tip comes courtesy of our friends at Last Minute Training who suggested that one of the cardinal sins of negotiating is to take absolute positions [...]

How much will they cut my income trust distribution by?

Posted by on August 25, 2008 in Investment Information

As part of the much-maligned decision of the Canadian government, the income trust industry (except for real estate investment trusts) will be part of the newly phased in income tax regime by 2011 which is specific to the income trust industry. Given that the oil and gas industry has been bought up by everyone, Canadian [...]

Leaving free money on the table

Posted by on August 14, 2008 in General Information

In a couple of weeks, parents send their kids back to school which is the happiest or saddest day of the year depending on which side of the care-giver/dependent side of the fence you sit on and how long or short the summer was. For parents sending away their kids to college/university, the advice is [...]

Top 5 Myths about Wills

Posted by on August 13, 2008 in Misc.

Four Pillars has organized a cross blogsphere theme today about wills and estate planning (read his post on his last will and testament). Thus, this is an opportune time to dis-spell some common myths about wills. A will, no matter how straight-forward your life, is not a simple document. The Law Society of Upper Canada [...]

Organizing yourself to financial success

Posted by on August 12, 2008 in Investment Tools

“How do you know where you are going, if you don’t know where you have been?” I am a big fan of measuring performance through numbers. Numbers have no political agenda or emotions. They simply measure a result. In business, if I spend $10,000 on a trade-show, how much business have I got back from [...]

5 troubling signs for dividend/income trust investors

Posted by on August 11, 2008 in Investment Information

I am back from my one week vacation from the blog. Thanks for your patience. While I was gone, Philip Morris announced that it will purchase all of the shares of Rothmans Inc. at $30.00/share as endorsed by Rothman’s board of directors. On the surface, this sounds great since this is a 16.9% premium to [...]