January 16, 2009, 10:00 pm

Financial Ramblings – $100 Gift Certificate Contest

by: The Financial Blogger    Category: Financial Rambling
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We have a busy financial ramblings today as we will be A GIVING CHAPTERS GIFT CERTIFICATE OF $100 (Sponsored by INSURE CAN) and we have several good reads this week.

But first things first:

Check out the returns in these futures markets!!

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

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

Here’s what caught my attention this week:

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

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

The Credit Toolbox is giving you reasons to take a variable rate mortgage. 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? Read this post from Canadian Capitalist first!

Four Pillars is asking if you should invest your house cash down in the market. 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. 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. I would probably accept a pay cut until I get another job elsewhere!


Carnival of Money Stories

Carnival of Financial Planning

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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?

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.

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

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

Thanks for the link!!!

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.

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.

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.

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.

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

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

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.

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).

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

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.

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!

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

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