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Financial Ramblings – $100 Gift Certificate Contest

We have a busy financial ramblings today as we will be A GIVING CHAPTERS GIFT CERTIFICATE OF $100 (Sponsored by INSURE CAN [1]) and we have several good reads this week.

But first things first:

Check out the returns in these futures markets!! [2]

I have truly been surprised and amazed that we have had such big returns, especially in the last two quarters. I should definitely take a deeper look at their investing strategy!

Now what’s up with the contest?

So you want a $100 gift certificate to Chapters? Here are the rules:

1 entry per comments to the following question:

What is your best investment strategy for 2009?

You can be creative, post a long answer, whatever you want. The winner of this gift certificate will be known next Friday (Jan 23rd).

You can get enough of $100?

You can win another $50 gift certificate over at Four Pillar!! (he is giving 2 of them!)

He is asking if you have changed your investment strategy for 2009 [3]

Even better, Canadian Capitalist is offering 2 $50 gift certificate if you give him investing ideas for 2009. [4]

Here’s what caught my attention this week:

Intelligent Speculator is talking about the flip side of leveraged ETF’s [5]. A dangerous investing tool that can improve your yield or destroy your portfolio 😉

If you want to know what a stock split [6] is, ABC’s of investing is proving a great definition.

The Credit Toolbox is giving you reasons to take a variable rate mortgage. [7] I’m a big fan of variable rate mortgage since it’s the cheapest way to pay down your debt!

You are thinking about doing some tactical asset allocation [8]? Read this post from Canadian Capitalist first!

Four Pillars is asking if you should invest your house cash down in the market. [9] I actually did it and it was a really bad decision! I had to borrow money from my parent to compensate for my stupidity! (but I was still young and dumb… now I’m just… hum… I’ll let you guess 😉 ).

Million Dollar Journey shows us how he reduced his tax burden in 2008. [10] He is not only a nice guy and clever PF blogger, he is also generous!!

Money Ning is asking if you prefer to cut your pay cheque… or being completely cut from the payroll. [11] I would probably accept a pay cut until I get another job elsewhere!


Carnival of Money Stories [12]

Carnival of Financial Planning [13]

If you liked this article, you might want to sign up for my FULL RSS FEED [14]. Then, you would get my daily post in your email and can read it at any time. To subscribe, please click HERE [14].

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17 Comments (Open | Close)

17 Comments To "Financial Ramblings – $100 Gift Certificate Contest"

#1 Comment By Walter On January 16, 2009 @ 10:40 pm

I’m actually balancing my portfolio with ETF’s funds.
I got canadian, US and international index.

I’m also considering buying oil index but I’m wondering that I’m certainly not the only one thinking about oil?

#2 Comment By Nicolas On January 16, 2009 @ 10:45 pm

Max out RESP early in the year.
Start drips with DRP/SPP
Change funds to TDeSeries
Transfer cash in ING to ING TFSA
Pay down as much principle as possible because of great interest rates.
Hope I keep my job lol.

#3 Pingback By Four Pillars Investing On January 16, 2009 @ 11:22 pm

[…] Check out similar contests at the Canadian Capitalist and the Financial Blogger. […]

#4 Comment By Four Pillars On January 16, 2009 @ 11:24 pm

Haha – I like Nicolas’ suggestion (keep my job).

Thanks for the link!!!

#5 Comment By Brandon On January 16, 2009 @ 11:36 pm

After last year’s market downturn, I have rebalanced back to my strategic asset allocation. For 2009, I will continue to DCA into my TD eFunds RSP in line with this SAA on a monthly basis.

I have also taken advantage of the new TFSA by opening up an account at PC financial. I plan on using this account as an emergency reserve.

Stick to your plan. Keep a long term outlook. Be greedy when others are fearful.

#6 Comment By Richard On January 16, 2009 @ 11:54 pm

I have several personal projects that I’m investing my time and money into. All works out, a sizable return. If not, well, like any investment, there is always a chance of risk of loss.

Beyond that, haven’t changed my strategy of buying good mutual funds one bit.

#7 Comment By The Wild Investor On January 17, 2009 @ 3:29 pm

I first plan on becoming more strict in my trading strategy. At the same time, I am hoping to increase my trade activity and profit off many of the mini bull rallies we will experience over the year.

#8 Comment By PennySeeds.com On January 17, 2009 @ 3:53 pm

My biggest ‘investment’ goal/strategy for 2009 is to work on additional income streams. I’m playing with a few ideas such as affiliate marketing, a small side business, and the possibility of acquiring rental properties.

#9 Comment By Joel On January 19, 2009 @ 1:50 am

My biggest goals (in order of importance) for 2009 are
1) Get everything into ETFs from mutual funds
2) in combination with 1), I will re allocate my asset classes (ie get them back to what they should be
3) pay down my mortgage – and maybe use a loc to drop my principal to an account with lower rates
4) stop trying to pick stocks
5) stay on coarse with kids RESP(ects – and find out what it means to me)
6) figure out a way to get some extra money so that I can redo the kitchen so that I can help our country spend their way out of reception

#10 Comment By Andrea On January 19, 2009 @ 1:52 am

get rid of my mutual funds and put them into Asset allocated ETFs

#11 Comment By zeromoney On January 19, 2009 @ 10:23 am

max out my TFSA with canadian bank stocks, as quickly as I can.

continue with RRSP contribution, and try to make a few extra lump sums on the mortgage.

#12 Comment By Richard On January 19, 2009 @ 11:10 am

All an ETF is, essentially, is just a mutual fund that can be traded like stock.

The only advantage I can see, is that you can trade it through out the day instead of having to wait until after the closing bell.

Tax advantages are negligible, you pay a commission per trade instead of either a 12b-1 yearly or front end loaded fund (back end loaded funds, unless withdrawn early, don’t show the commission being paid).

#13 Pingback By Checking in on the Giveaway On January 19, 2009 @ 11:50 pm

[…] Four Pillars and The Financial Blogger are holding a similar giveaway and are giving away Chapters gift cards as […]

#14 Comment By Jeff On January 21, 2009 @ 7:10 pm

Being a relatively young investor and new home owner at 26, I’m going to first make a substantial payment towards my mortgage. With the leftover cash, I’m going hard into Canadian equities since I still have the time to reap the benefits.

#15 Comment By Tom K On January 21, 2009 @ 10:47 pm

I will be investing my RRSP’s and TFSA into mortgages. No MERS’s, No (Front, Back, Transaction, Trailer) Fees, No BS. Just a straight return!

#16 Comment By Darren On January 22, 2009 @ 10:59 am

Best idea? Stick it out if you are in for the long term. Don’t panic!

#17 Pingback By Reminder of $50 Chapters.ca Gift Card Giveaway On July 15, 2009 @ 10:48 am

[…] Check out similar contests at the Canadian Capitalist and the Financial Blogger. […]