- The biggest news this week is the Bank of Canada’s surprising decision to stand pat on interest rates. Actually, surprising is a bit of an understatement. The markets were shocked and bond yields rallied sharply. Though consumers will pay the same interest on variable-rate mortgages and personal loans that are tied to the prime rate, the rising yields in the bond markets means that we’ll be paying higher rates on fixed-rate mortgages in the near future.
- The surprising thing about a hedge fund manager taking up Warren Buffett on his bet that a collection of hedge funds will not outperform the S&P 500 over the next 10 years is that only one has taken up on Mr. Buffett’s wager. It is touching to see the confidence that hedge fund managers have in their profession.
- Many thanks to Pete for the link to a New York Times article on how American society has polarized into the investor class (who save and invest) and the lottery class (who resort to payday lending, credit cards and lottery tickets). An article titled A Nation in Debt summarizing the report referenced in the column can be found here.
- Claymore Investments’ “top model summer ETF competition” might be the perfect place to indulge your gambling instincts. You can use your “investing” skills to design a winning portfolio constructed out of Claymore ETFs.
- The Dividend Guy discovers the joys of rebalancing.
- Preet on the economics of his annual pilgrimage to the Canadian Grand Prix in Montreal.
- Canadian Mortgage Trends conducted a two-part interview (Part 1 and Part 2) with Moshe Milevsky on fixed and variable rate mortgages.
- Canadian Investor on the investing surprises and ideas from how the Canada Pension Plan invests our (and our employer’s) contributions.
- Growth in Value shares his five basics for financial success.
- Million Dollar Journey finds out if hybrids are worth it.
[Update: I forgot to wish all the Dads out there a happy Father’s Day! Have a great weekend everyone!]
