Book Winner

t seems that there are a lot of Warren Buffet fans here (who isn’t?)!  Our giveaway of “Pilgramage  to Warren Buffett’s Omaha” received about 150 entries and out of those entries, 1 lucky winner was randomly chosen.  Using a random number generator, Blitzkrieg (#87) was chosen as the lucky winner!  Congrats!


I mentioned a little while ago that I joined twitter to see what the hype is all about.  Maybe I’m old school, but it has taken me a while to warm up to the new “must be part of” social media.  Where I’ve found the most value is the ease of asking my “followers” questions and getting quick responses.  If you would like to follow me on twitter, you can see my twitter profile here.

Weekend Reading

The Bank of Canada has dropped the key borrowing rate again!  This time, another 0.5% which means that prime now sits at 2.5%.  I never would have imagined in my life time that my mortgage rate would be less than 2%.

Brip Blap writes about the correlation between intelligence and wealth.

Canadian Capitalist gives us the results of dollar cost averaging the TSX composite.

My Dollar Plan has an interesting discussion with her readers in the article: Should we Downsize?

Canadian Dream reviews the book Hot Air.

Money Smart Life has some career tips for a bad economy.

Four Pillars asks who do you trust?

Generation X Finance answers a reader question: Why should I keep investing?

The Sun’s Financial Diary exposes variable annuities: The Fee Factor.

The Intelligent Speculator has a commentary on if Amazon is the next Apple?

Frugal Dad analyzes the cost of watching television.

Thicken My Wallet goes over the costs and benefits of graduate studies.

The Digerati Life writes about the new lows in the stock market in The Dow Jones Closed at 6700, how do you feel?

WhereDoesAllMyMoneyGo explains the dividend capture strategy.

Lazy Man and Money writes about saving money on a wedding dress.

If you would like to read more articles like this, you can sign up for my free weekly money tips newsletter below (we will never spam you).


  1. IS on March 6, 2009 at 9:23 am

    Thanks very much for the link!! Very appreciated!!

  2. Four Pillars on March 6, 2009 at 10:14 am

    Thanks for the link.

    I can’t believe how low the rates are. I locked in for 5 years a couple of years ago (@ 5.19%) because at the time we just couldn’t afford the risk of rates going up.

    I wish I hadn’t! :)

  3. VR on March 6, 2009 at 12:03 pm

    Wow FT, that’s a crazy mortgage rate you have. I just looked at PC Financial today and the 5 year variable is still at 3.3%. 5 year fixed is at 4.3%. How do you have such a great rate, and where can I get it? :)

  4. FrugalTrader on March 6, 2009 at 12:34 pm

    VR, the rate we got was locked in late 2007, thus the discount from prime. Rates have changed significantly since then with the credit squeeze. I don’t think that there are any variable mortgages that are discounted from prime these days.

  5. Canadian Capitalist on March 6, 2009 at 12:56 pm

    Thanks for the link! Have a great weekend!

  6. Ms Save Money on March 6, 2009 at 2:07 pm

    How nice, thank you for the recommendations on the reading, it is very helpful. :) I actually go to Generation X Finance and Frugal Dad pretty often to read their articles and really like how they write.

  7. Bryce on March 6, 2009 at 2:24 pm

    I’m also in a prime minus 0.9 mortgage. If they lower the rate much more I’m expecting cheques from the bank.

  8. Canadian Dream on March 6, 2009 at 3:26 pm

    Hey thanks for the link.

    Ugh, I wish I could have renewed my mortgage last year and have a rate like that. WOW! Oh, well I guess I’ll have to wait until this summer to do it.


  9. Thicken My Wallet on March 6, 2009 at 4:31 pm

    Thanks for the link. I joined Twitter for a similar reason. To write a post about it as a business investment.

  10. on March 7, 2009 at 10:14 am

    Thanks for the link FT! Have a great weekend.

  11. Aman@BullsBattleBears on March 7, 2009 at 12:55 pm

    some informative links! thanks!

  12. Mark on March 8, 2009 at 10:30 am

    Hey FT,

    So did we (locked in mortgage over 5 years, over 5%)….I wish we hadn’t….

    After reading many an article on mortgages and mortgage rates over the last few years, I will, next time, choose a variable mortgage, with the option to “lock-in” at any point.

    I’ve read historically, this gives you the best option.

    Mark in Nepean

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