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Apply for waiver of TFSA over-contribution penalties

Canadian Capitalist — Mon, 21 Jun 2010 02:00:28 +0000

This post was originally published on June 15, 2010. I’m republishing it with updates on how and where to apply for waiver of TFSA over-contribution penalties. Update on June 27, 2010: The Government has decided to provide relief to taxpayers whose net TFSA contributions never exceeded $5,000 in 2009. The deadline for responding to the TFSA [...]

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This and That: Interest rates, Rob Arnott and more…

Canadian Capitalist — Fri, 04 Jun 2010 03:48:49 +0000

The Bank of Canada increased interest rates by 1/4 per cent this week. The Prime Rate to which the interest rate on variable-rate mortgages and lines of credit are tied to was also bumped up by a similar amount to 2.5%. The direction of interest rates is uncertain as the Bank noted that there is [...]

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This and That: Flash Crash and more…

Canadian Capitalist — Thu, 13 May 2010 22:03:41 +0000

Morningstar warns investors against the false sense of security provided by stop-loss orders. As the flash crash has shown, these stop-loss orders can have disastrous consequences. What was behind the violent swings in ETF prices? What can investors do to protect themselves? John Heinzl weighs in. Jon Chevreau highlighted a report from Vanguard Group titled Deficits, the [...]

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Book Review: The Elements of Investing

Canadian Capitalist — Thu, 15 Apr 2010 04:10:38 +0000

The authors of this slim volume need no introduction. Burton Malkiel’s A Random Walk Down Wall Street is a classic that was first published in 1973 and is still in print. Charles Ellis is a legendary portfolio manager and author of Winning the Loser’s Game (I reviewed it here). They have combined forces to boil [...]

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Cheating on taxes and Benford’s Law

Canadian Capitalist — Mon, 12 Apr 2010 04:16:26 +0000

Benford’s Law states that in many real-life sources of data, the leading digit is not distributed uniformly. Instead the digit 1 tends to occur with a probability of 30.1%, 2 with a probability of 17.6% but 9 has a probability of just 4.6%. In an uniform distribution, you would expect the digits to occur with [...]

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Portfolio Allocation to Canadian Stocks

admin — Thu, 01 Apr 2010 02:35:42 +0000

Though the Canadian market makes up just 3.6% of the World stock markets, Canadian investors are justified in being overweight in our stock market for the following reasons[...]

Stock Market Weightings excluding Canada

Canadian Capitalist — Wed, 31 Mar 2010 04:28:59 +0000

The holdings page of the Vanguard Total World Stock ETF (VT) is a good place to obtain data on the regional weightings in the world stock markets. The ETF tracks the FTSE All World Index, which in turn tracks the performance of about 2,700 stocks in the U.S., Europe, Pacific, Emerging Markets and Canada. If [...]

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How do you say “bubble” in Chinese?

admin — Thu, 25 Mar 2010 12:57:04 +0000

Edward Chancellor, author of an excellent book on past financial manias called Devil Take the Hindmost: A History of Financial Speculation (my review is available here), believes that investors will be grappling in the future with the bursting of a bubble, this time in China.