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.
Wow, what a day today – out of the house at 7am and not back until 10:45pm – which means today’s links will be fewer than normal. Of interest perhaps to some, is that I had a wonderful lunch with Dave Chilton (author of The Wealthy Barber). That guy is seriously funny, and a real gentleman too. He’s working on a new project which I think will be well received, but mum’s the word for now. I’m such a tease… :)
From Around the Blogosphere
Don’t forget to enter this week’s big book giveaway. I’m giving away lots of books – you have until midnight tonight to enter (assuming you read this on Friday!). Just click on any of the following book reviews for rules and regulations:
- Findependence Day
- No Hype! The Straight Goods On Investing Your Money
- New Rules of Retirement
- RRSPs: The Definitive Guide to Registered Retirement Savings Plans
Thicken My Wallet discusses the pros and cons of buying stocks with high dividend yields. There seem to be a number of stocks that look attractive based on the yield alone. Buyer beware…
Michael James on Money is being stalked by Bell. Big fonts don’t entice him though.
Million Dollar Journey discusses some of the finer points of income trust distributions and taxation.
This Week’s Racing Video
Okay, I love this video and even if you don’t like auto-racing but like this blog, you’ll appreciate it. This video explains, using telemetry from the car, exactly why Michael Schumacher was so much faster than all his teammates. It examines the throttle trace, speed and steering input during a corner between Schumi and his then teammate Johnny Herbert – it all boils down to Michael Schumacher being right on the knife’s edge versus Herbert who leaves a larger margin of safety with his traction budget. I’m just itching to get back on track!