This is where your finance takes place

But this time is different, I went through a lot over the past months and I need to settle down and do a complete disconnect. I guess that St-Victor sounds far away to do so!

I attended to a weird conference the other day. It is funny as it was a real professional conference along with funds managers and other spokespersons. But this last guy came with the goofiest assumptions about the market.

In a very professional and technical way, he explained us that the market will start going up around June 2008 for another year. All right, nothing too incredible so far. However, he declared that the economy is going to go down right afterward around June-July 2009. Until then, everything is pretty defendable.

BUT, he kept going and said that the market will crash for three years in a row. 3 years of bear market. This sounds like a depression to me! Most of his theory was based on graphic and technical analysis. So if we see markets going up for 12 months and than flinching in mid 2009, you can take the guess of short selling for 3 years

I don’t know if we could really it such depression. On the other side, everything is possible with the North Americans inability to put money aside for the darker days…

Carnivals:

Carnival of Personal Finance

Carnival of Money Stories

Image source: Flickr.com

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On the other side, money is starting to come in as well. As you may notice, my “Financial Links” and “Financial Resources” are almost full. In fact, I plan on having 12 links on each side, not one more. It is nice to make a few buck while writing (even though the hourly wage is as good as what I can find in Thailand ;-)), but I don’t want to have a Nascar blog either!

I think the best way to achieve it is to diversify the blog’s sources of income. With a few reviews (not too many as I don’t want to piss off my readers ;-), front page links, financial articles, I am able to pay my Saturday pizza and beers and I don’t frustrate my readers (I hope not anyway!).

There is also a steady growing traffic rate from months to months which I’m really proud of. A blog is not a real blog if nobody reads it! Once I’m done with my Financial Planner exam, I plan on putting even more effort on growing TFB’s traffic (so maybe I can beat Mike from Four Pillars one day!).

On another note, I am quite excited to take my two weeks of vacation at the end of May. My last day at work is May 16^th, but the real fun start on May 25^th in the afternoon. Around 4pm on that date, I will be done with my MBA exam and heading to our frugal vacation. As usual, I will have pre-written post for those two weeks as I don’t want to let you down J.

Carnivals:

Carnival of personal finance at Lazy Man and Money.

Carnival of money stories

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I really love to play golf but it is an expensive sport. Not only expensive in term of what it costs to play and to buy the proper equipment, but also expensive in term of time spent on the field. I wish I could play overnight so I could see my little children during the day that the same time Since I can’t do both, I’ll sacrifice my favourite sport for the benefit of my favourite people. My family is much more important than my 6 Iron (but not my big Bertha, she is also a member of the family!).

The Bank of Canada announced last Tuesday that rates will go down by another .50%. I understand that this is not a good sign for the global economy as we are desperately trying to escape from the American credit cough, but for my budget, things cannot go better! This allows me to keep my $400 a month into my Smith Manoeuvre with an additional $450 into my HELOC. So now, I don’t have to count on my Smith Manoeuvre contribution to reimburse my parents in 3 years I will most likely be able to pay them from my other savings.

I met with my accountant last Saturday for my taxes and our incorporation. I am proud to announce that M-35 has been born on April 19^th at 2:24 PM. It is 14 inches long and weight about 1/10 pounds I’ll discuss this point further in another post For now, I’ll leave you with my carnival picks.

Carnival picks:

Carnival of Personal Finance hosted at The Happy Rock:

- I am Not Going To Cut On My Cup Of Coffee by Saving to Invest. Being frugal is nice, but drinking a good coffee in the morning is priceless!

Carnival of Money Stories presented by Can I Get Rich On A Salary.

- Patience Pays Off by Stop The Ride! Hopefully, I will be patient enough to buy my new car too!!!

Festival of Frugality done at Rather Be Shopping.

- The Frugal Lifestyle: Are We Missing Out On Life? written by Flexo. Frugality and enjoying life can live in the same human mind! Hum… I guess I have to work on that… someday!

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