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 spent the week settling into the new job. The location is beautiful – the office is right on the Glen Abbey Golf Course (where they held the Canadian Open this year), but unfortunately that’s in Oakville and I live in Ajax. It’s about 110kms one way! As I get settled in I will be spending maybe 3 days in the office at most, so I’ll just have to grin and bear it in the meantime. In other news, the W Network had me complete my follow up challenge on Wednesday. Turns out there were 400 contestants so making it to the top 20 means there is stiff competition. My challenge was to wear a sandwich board that read “Free $$ Advice” and stop people on the street and try to explain how the stock market works. The challenge will be put up on the W Network website in December and will be shown on TV in January – during which time they will also select the Final 6. I’ll be in India for most of December, but I’ll try to keep the blog semi-active during that time (because I’ll need all the votes I can get!!) :)
From Around The Blogosphere
Thicken My Wallet discusses the role of dividends in long term stock returns. I would add that in the early 1950’s the dividend yield of the S&P500 was around 8%.
Michael James on Money discusses two investment strategies from one of Derek Foster’s latest books – selling put options and leveraging your house. Good discussion in the comments section as well…
Million Dollar Journey has compiled four strategies one might consider for the new Tax Free Savings Account.
Tim from Canadian Dream: Free at 45 is celebrating the second anniversary of his blog by giving away free stuff! First prize is a $75 gift card to the store of your choice!
Canadian Capitalist examines the latest SPIVA scorecard (Standard and Poor’s Index Versus Active Scorecard) which found that 60% of actively managed Canadian equity mutual funds outperformed the index in Q3. (I’ll sheepishly point out that my new firm’s Canadian Fundamental Index Fund outperformed the TSX by around 9% in Q3, and by about 3.5% in October. Sorry, one quarter means virtually nothing but I couldn’t resist…) :)
Jonathan Chevreau interviews Jonathan Chevreau on Jonathan Chevreau’s new book.
Larry MacDonald takes a look at some possible explanations for Thursday’s tremendous intraday rally.
Four Pillars gives a review of a book cited as one of the 10 best investing books of all time: Jeremy Siegel’s Stocks For The Long Run.
Big Cajun Man reminds us about Remembrance Day.
This Week’s Racing Video
No particular reason for this week’s video other than it’s just fun to watch. Top Gear is a BBC show that highlights everything automotive and they routinely have their “unidentified” test driver, affectionately known as The Stig, take cars around their test track to see how fast they can go. This time they give him a Renault F1 car (2004) and see if it can lap 20 seconds faster than a Ferrari Enzo…. and it does.