- At a time when the overall savings rate in Canada is negative, it is inspiring to read about the finances of this young couple profiled in The Globe and Mail. Granted, they have a high household income approaching $120K per year but still a combined net worth of over $500K at 33 years of age is pretty darned impressive.
- Investors wanting to establish or increase their exposure to gold stocks might want to check out the latest commentary from Leith Wheeler, a boutique money manager with a value bent. Titled Gold Rush or Fool’s Gold, the report concludes: The stock market currently values a typical gold company at almost 2 times its underlying discounted cash flow value, using an extremely low discount rate of between 0% and 3%! This makes no sense to us and does not pass our test of “if the stock market was closed, would we buy the whole company at its current price?”
- Larry MacDonald has an interesting post on various blogs that track the deflating housing bubble. I was a bit surprised to find that one blog even tracks the Ottawa Housing Market.
- Frugal Canadian has posted a nice chart summarising the benefits of the various popular credit cards. I use the Costco Amex Platinum card (no annual fees and a reward of up to 1.5% in the form of a Costco rebate cheque) for most purchases and the PC Financial MasterCard as a backup. Readers have also pointed out that Citi Driver’s Edge MasterCard is an attractive option.
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