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 was a bit late ordering some new wheels and tires now that winter is over (new wheels because I didn’t want to keep flipping the snow and summer tires on the same wheels, and new tires because I’m racking up 50,000km per year with the long commute!). But, I did save some money. I ordered a package deal from TireRack.com but had them delivered to Buffalo to a place called U.S. Address Inc. This is a business that allows you to register to receive packages in your name from US shippers to avoid exorbitant shipping fees. I pay a few bucks and just cross the border and pick up the items myself and save maybe a hundred bucks. (Still have to pay duty.)
From Around The Blogosphere
In case you missed it, the Bank of Canada reduced it’s key overnight lending rate to 0.25%. More info from Big Cajun Man.
If you are looking to learn more about options, make sure to know the difference between index options and ETF options, as described by Mark Wolfinger.
Thicken My Wallet hosted a two part Insider Series on his blog. This time he was asking Brad from Triaging My Way to Financial Success and myself about the value of stock market research. Part I here, and Part II here.
Canadian Capitalist hosts a guest post discussing the differences between private life insurance versus creditor-provided mortgage life insurance. Very important stuff.
Michael James on Money explains what an MER is.
Frugal Trader shares some lessons learned part way through his journey to a $1 million net worth by age 35.
This Week’s Racing Video
Two minutes of the best drivers in the world in an era when men were men. Enjoy!