If you are new to WhereDoesAllMyMoneyGo.com, every Friday I run a post called “A Lap Of The Blogs” which provides links to articles I found interesting and think that others may want to read for themselves. I also include some commentary on what’s going on in my personal life and a weekly “racing video” since my former life was in the auto-racing industry. The name “Lap of the Blogs” is in reference to “A Lap Of The Gods” which is an old video series which chronicled on-board footage of the world’s greatest F1 drivers lapping various racetracks from around the world.
I’ve been busy putting the final touches on my official work website so I’ve been behind on posting information on DFA which I know many people are interested in reading. If anyone cares to, please check out www.ExecutiveFinancialPlanning.com and have a run through the site. While some readers of this blog contact me for professional advice, I’m under no illusions and I know that many are DIY investors who don’t need to use an advisor for investments. However, I would like your input for the betterment of those who should be using a financial advisor. In particular, take a look at the $100 second opinion – I think this is a service that is lacking for investors. (p.s. – I’m open to suggestions for improvements)
A Lap Of The Blogs
The Million Dollar Journey surveys his readers to see if they have changed their driving habits due to the higher fuel prices.
Ellen Roseman starts a discussion on the different ways to save on gas. Personally, I did an experiment many years ago when I used to travel quite a bit on the highway. By driving 100 km/h instead of 120 km/h, I was able to add an extra 100km to each tank of gas.
Larry MacDonald highlights Standard and Poor’s latest research report which indicates that during the 2000-2002 bear market, actively managed funds did not offer all the “downside protection” that many people espouse they do as most of the active funds did not beat the index.
Michael James on Money wonders why we have so many commission-based financial advisors. Personally, I have to wonder who came up with the idea of paying fiduciaries commissions – it makes no intuitive sense no matter how you cut it.
Canadian Dream: Free at 45 explains a few ways to have a “staycation” – which is the buzz word this year for those who choose to vacation near where they live to save money.
The Canadian Capitalist gives a great primer on REITs (Real Estate Investment Trusts).
This Week’s Racing Video
This week’s racing video highlights the fancy footwork required to properly drive a racecar. One of the first things a race driver is taught is how to properly use the pedals – specifically, you need to learn how to operate all three pedals at the same time without thinking (because you don’t have time to). In this video, not only will you see how to use all three pedals at the same time (yes, with only two feet), but you’ll also notice some other irregularities such as 1) tapping the brake with the left foot before a hard braking zone (to ‘prime’ the pedal and keep it from going soft, and also to make sure you have brakes in the first place) and 2) not always using the clutch on upshifts (the higher up in the gearbox you are the less precise you have to be with the clutch pedal and you don’t even need to use it at all with some cars and gearboxes if you know what you are doing). In my old Honda CRX I used to go both up and down the gears without the clutch pedal to mess with wannabe ‘car guys’. Anways – take a look: