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.
In the last two weeks I’ve had the pleasure of attending lunch presentations from Norm Lamarche (Front Street Capital), Eric Sprott (Sprott Asset Management), Dave Picton (Picton Mahoney) and Peter Puccetti (Goodwood). For those that remember the Sprott IPO, you have to wonder how much he’s bought back at half price!
As for this upcoming weekend, Fiona is taking me away to Niagara-on-the-Lake for some golf, gambling and cross-border shopping – maybe we’ll pick up a house for under $2 while in the States – like the one that was sold on eBay recently. :)
From Around The Blogosphere
Michael James on Money explains why the returns of your portfolio may not match the returns reported by the investments you own.
Canadian Dream: Free at 45 explains that when you run out of toner, you may not actually be out of toner.
Four Pillars reminds us that you make money when you buy low, sell high.
Larry MacDonald relays that massive redemptions might be predictive of market bottoms. Canadians set a record for mutual fund redemptions in September with just south of $5 Billion redeemed – an all time record.
Million Dollar Journey, inbetween surfing for pictures of Tina Fey, questioned if there will be a real estate crash in Canada.
Thicken My Wallet explains the basic differences between banks, credit unions, trust companies and more.
Jonathan Chevreau points out that only 11% of Canadians know about ETFs!
Canadian Capitalist talks about keeping the faith in stocks.
I would like to remind you that $700 Billion could buy every Canadian a brand new compact car.
This Week’s Racing Video
As part of a marketing campaign, BMW commissioned the production of a number of short films which showcased some BMW automobiles in the story lines in one way or the other. This is probably the most famous and it runs approximately 9 minutes. Enjoy!