- Yesterday’s market action is once again a reminder to hold well-diversified portfolios. The S&P 500 was down 3.24%, EAFE and emerging markets were down even more but the TSX Composite was down just 0.28%. The Canadian dollar was down close to 2% but bonds were up slightly. At one point, the Dow was down close to 1,000 points.
- It turns out “fat fingers” may be to blame for the market crash. News reports are speculating that a trader put in an order for “billions” instead of “millions”.
- Million Dollar Journey weighs in on whether to get real estate exposure through rental property or REITs.
- There is a lot to be said for mutual funds but investors should also be aware of the downsides, says Gail Vaz-Oxlade.
- Do Stocks Only Go Up?, asks Michael James. Good timing!
- It doesn’t hurt to ask. Canadian Financial Stuff says he scored a discount on his internet bill just by asking politely.
- Thicken My Wallet points to some resources to fight mold damage in your home.
- If you have a financial need, banks will create a product to fill that need. The Financial Blogger explains what a bridge loan is and when you might need one.
- The Dividend Guy offers five action items for portfolios that got smacked in the market downturn.
- With preferred shares trading at a wide premium to long-term corporate bonds, Larry MacDonald has some picks for PerpetualDiscounts.
I’m unable to highlight all the articles worth checking out in my weekly round up but you can check them out through my Twitter feed. Have a great weekend everyone!
