Financial Ramblings

I’m very excited today as I slowly realize that I will be hosting the Carnival of Personal Finance on Monday the 18th! A little more than a week and I’ll have the opportunity to host this famous carnival. I will start receiving the articles after next Monday and I am already thinking about how I will post them. I’m sure you are going to like it

I am slowly getting into my new job, learning more and more every day. When you start a new job, everything you have to do is very demanding. You don’t know the procedures, you don’t know the people, you don’t know much! Fortunately, I do have a lot of technical knowledge and I should get used to my new work environment in no time. It is a stressful period of time but it will surely worth every second of it in 6 months!

Economists claim that we will avoid the recession in Canada. They think that our economy is strong enough to survive even if our southern neighbours are having a rough time. A few more drop in the interest rate and we should be good. Having a HELOC depending on the prime rate, I can only be happy about it!

There are good news for the US as well. When we look at the statistic, over the last 8 plans of action made by the USA to help their economy, 7 of them were introduced as the economy was already restarting. Since they are in a middle of applying their 9^th plan, things should get better by fall. It is now time to put money aside and shop around.

With the recent drop in the market, many Canadian Banks saw their stock loose 10,15 even 20%. Therefore, they became very attractive due to their high dividend. Most of them are paying 5% right now, which is quite incredible. Is it too good to be true? Unfortunately yes. Chances are that they will decrease their dividend this year in order to get back to the more regular 3-4% that we are used to see. I hope they won’t but it’s not Christmas anymore either!

 

Carnival Picks

Since everything was crazy with my new job, my MBA weekend and my family being sick, I only submitted to one carnival this week (shame no me!!!).

 

Carnival of Everything Finance at Everything Finance.

- Why Financial Planner will be the hottest job in 2008 (YEAH!!!!) at KCLau.

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