December 1, 2007, 8:00 am

Financial Ramblings

by: The Financial Blogger    Category: Financial Rambling
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Even though banks are taking a good beating, we are still going to receive a bonus. It will be far away to buy myself a new BMW, but at least I will receive something. I assume that this is the start of a new trend. If banks are not doing that well, imagine the rest of the economy. Unfortunately, things on the market do not seem better. This is exactly why it is the best time to review your personal finance and invest in the market. You will suffer loss for the next year or two but if you keep averaging down your position, you will be laughing in four years from now.
The key is to know if you have enough nerve to ride the bear! I personally do mainly because I am young and I do not need to access my investment right away. However, I will be more concerned if things continue this way in three years as I have to reimburse my parents at that time.

Small success for The Financial Blogger

I recently did a guest post on The Digerati Life called 3 Lessons That I Learned From My Old Man. While the post was well received on SVB blog, it was also mentioned on many other blogs and especially by Trent at The Simple Dollar. On top of that, the article has been stumbled! Since this event, I had a good traffic spike and my RSS reader went from 175 last week to 215. I hope to see it increase up to 250 by the end of this year. On top of that, my article about 5 Tricks To Save Money On Christmas Gifts was stumbled too! Definitely, take more time to be creative could pay very well 😀

Rates in Canada might drop

Our southern neighbour decreases their interest rate recently and the strength of our Canadian Peso is hurting our economy badly in Eastern Canada. The overall economy in Canada started to slow down as even Alberta imposed more taxes to the oil company. I think it was a good move on their part as they will make more money out of this limited resources and will slow down the inflation rate at the same time. On the other side, I am not to worried for them as the oil barrel almost hit $100. I do not think it will take long before we see the barrel at this price and gold at $1,000 if the US dollar keep sliding down.

Carnival picks

Way to go!2 submissions this week 😀 So here are the carnivals and my favourite pick all together :

Carnival of Personal Finance at stocktradingtogo.com :

How Talking About Money is Like French Kissing at monavator.com

Albert Einstein Knew a Thing or Two About Investing… at where does all my money go

Carnival of the Capitalists at moneywalks.com :

Banks + Debt = Evil at pqinternet.com

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Comments

You should put a sitemeter thingy on your page so that nosy people like myself can check out your hits.

Mike

Hi FB – thanks for the mention! Have a good weekend. 🙂

by: The Financial Blogger | December 2nd, 2007 (2:51 pm)

FP, I will put one once I have more traffic on my blog than on yours 😉

Seriously, I am close to 5,000 visits a month for the past two months, so you won’t see still 😉

Haha, nice excuse!

I’m not really sure why people put up the sitemeter stats but a lot of blogs do.

5k visits is pretty darn good! (even if it is less than ours) 🙂

Mike

It’s not the quantity of the traffic… It’s the quality… 🙂

Great work ! I wish you the best in growing your traffic and this blog. I am a faithful reader.