- Do you make investment decisions rationally? Or are you giving up some returns to express your beliefs or to display status?
- The fancy term for our irrational preference for something we own is cognitive dissonance and you can bet that it has an effect on our stock picks.
- Jon Chevreau’s post on a reader comment about the flood of retirement surveys we are being subjected to is humorous.
- Rob Carrick noted that “tap-and-go” credit card payment is getting widespread. I can’t wait to get a PayPass enabled President’s Choice MasterCard. It would be a priceless way to pay for our double-double addiction.
- The Yanks are noticing that we are heading south for bargains.
- ING Direct wants to see your creative ideas for saving money and is offering a prize of $10,000 for a YouTube video that “showcases the most original way to save money”.
Blog Roundup:
- Larry MacDonald notes that one in three mutual funds hug their benchmark index and reports on a study that devised a method to identify such funds.
- Four Pillars bounced around asset allocation ideas for your child’s RESP.
- Financial Jungle listed the dividend stocks he thinks will be good long-term holdings at the right price.
- Canadian Financial DIY compared computer prices in Canada, US and UK and reached a familiar, but depressing conclusion: we pay the most for computers too!
- Million Dollar Journey featured a post on the Efficient Market Hypothesis.
- Location matters in investing too. Where Does All My Money Go? says bonds belong in your RRSP.
