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.
Well now this was a special week for me. I had the privilege of meeting up with some fellow bloggers face-to-face for the first time while on a 24 hour trip to Ottawa. I had the pleasure of meeting the bloggers behind The Canadian Capitalist, Michael James on Money, Canadian Personal Finance Blog, and Canadian Money Review. I was looking forward to meeting Larry MacDonald as well, but he was under the weather – oh well, maybe next time.
I had a great time chatting with everyone and I look forward to sitting in on more meetings in the future. Big Cajun Man was even so kind as to put me on his blogroll for the NCFBA (Nation’s Capital Financial Bloggers Association) – I’m honoured!
From Around The Blogosphere
Canadian Capitalist (one of my favourite blogs) looks at some directions blame has been laid with respect to dropping portfolio values and wonders if it’s pointing in the right direction.
Michael James on Money (who should consider changing his blog’s name to Tobey Maguire on Money because he is a spitting image of said actor who plays the web-slinger) explains why it’s unlikely that Warren Buffett’s track record is merely a fluke.
Big Cajun Man shares some tips for deductions to claim on your taxes – yep, it’s tax time! He is as entertaining in person as his blog’s unique writing style would indicate – very funny guy!
Canadian Money Review (Guillaume) wrote about the current interest rates being offered by various high interest savings accounts. I don’t actually follow this blog, but I met Guillaume at the meeting and decided to dedicate this week’s lap of the blogs to the attendees.
Larry MacDonald, while not present, was with us in spirit I’m sure, has a post relating to behavioural finance – something that I think is greatly underappreciated by investors and the industry alike.
This Week’s Racing Video
This is a test of a Formula 1 engine mounted to a car (perhaps for the first time for a new model?). What’s amazing about this video is that after 20 seconds you start to see the exhaust pipes start to glow, but once they start giving it some juice, the pipes glow white hot and the whole car looks like it could torque itself off the stands. F1 cars are not designed to stay in one place, if they sit with the engine running too long the cars actually start to melt. Enjoy!