MBNA is having a promotion on their no annual fee Platinum Plus card.  They are offering 0% interest for 12 months on balance transfers and deposits.  If you do take advantage of this offer, make sure to put the 12 month deadline in your calendar because they charge full interest (20%) if not repaid in full.  As well, make sure to read the fine print about the required minimum monthly payments.

Diversification is essential in investments, whether one is young or old. A Canadian Money Forum member seeks investing advice for young couple who are heavily weighted in real estate.

Which among an RRSP, TFSA and non-registered account is the best? Michael James on Money provides an answer by Debunking RRSP Myths with Pictures.

Many consumers are loyal to certain brands/companies or resistant to change or inertia manifests as either of the first two. Boomer and Echo discusses how My Loyalty Never Got Me A Free 42? TV.

With tax filing season around the corner, The Blunt Bean Counter offers timely advice through his Income Tax Preparation Tips.

Life built on ideals is great but sometimes, it may become necessary to spend more money to live by them. Sustainable Personal Finance gives examples of when it might be worth it through the post Do You Put Your Ideals Ahead of Your Pocketbook?.

The modern-day career requires networking skills to be ahead of the pack or sometimes, just to be part of the pack. Financial Highway explains Why You Should Maintain Your Career Network — And How To Do It.

There is probably no one who can lay claim to not having made mistakes in life. With mistakes come experiences that lay the platform for future wisdom. Retire Happy Blog touches the topic by asking What Financial lessons would you “Do-Over”?.

Insurance is important to many of us but it is not cause to believe everything a company offers. My Own Advisor comes to the rescue by dispelling 3 Big Fat Myths about Critical Illness Insurance.

Many couples take pride in spending a big chunk of money on their wedding as it happens only once (or so they hope). Young and Thrifty takes an in-depth look through Where to Spend Most of the Wedding Budget?.

Saving money on gas is an evergreen money saving tip. Canadian Finance Blog shows 10 Ways to Save Money at the Gas Pump.


  1. Emilio on March 21, 2014 at 12:26 am

    RRSP is the biggest money scheme perpetrated by the Canadian govt and the financial services industries. They are all betting that Canadians will die at age 60 of heart illness and diabetes cause by the gmo and pesticide ridden food with an RRSP account flush of 1 million dollars. Everybody wins!

  2. My Own Advisor on March 21, 2014 at 9:38 pm

    Always great to be part of the MDJ list! Take care FT, enjoy your weekend!


  3. SST on March 22, 2014 at 11:38 am

    Diversification “makes little sense for those who know what they’re doing.” — Warren Buffett.

    Diversification is an immensely over-bought strategy. If you give it some truly logical and reasoned thought, you’ll come to the same conclusion as Mr. B (and are you really going to argue with the most successful investor of all time?).

  4. FrugalTrader on March 22, 2014 at 1:55 pm

    However, Buffett also recommends that the average investor should index! There aren’t a lot of money managers (if any) that can keep up with Buffett’s long term return.

  5. SST on March 22, 2014 at 2:17 pm

    Yes, he does recommend the index strategy, but again, only for those (average) investors who have little or no idea what they are doing.

    Diversification is used to supposedly lessen risk/loss; concentration is utilized to build wealth.

    Want another opinion, ask Ed Rempel about fear-based (aka risk adverse) investment strategies versus wealth building investment strategies.

  6. SST on March 23, 2014 at 12:27 pm

    In a related matter, the CPPIB’s Private Equity arm just purchased a ~$2 billion closed-block life insurance company, stating “the acquisition…would help to diversity the CPP fund”.

    Is there someone on this board who can clarify and expound upon the function of “closed-block life insurance” as an asset class? Is it mostly suited for commercial investment due to it’s very long-term and complex nature?


  7. Ed Rempel on March 23, 2014 at 8:49 pm

    FT, Buffett actually recommends index funds for “know-nothing investors”. His point is not about index funds, but about diversification. “Know nothing” investors should diversify, but investors that know something, should not have the wide diversification of the index.

    Here is the actual quote: http://books.google.ca/books?id=NXoy76UW5nUC&pg=PA196&lpg=PA196&dq=warren+buffett+quote+index+funds+know-nothing&source=bl&ots=UjPkUQCZLy&sig=EPnkER8mjEjp_q6d-KoCnbZN6jM&hl=en&sa=X&ei=IGovU5vrJIOsyAGOmoGAAg&ved=0CDoQ6AEwAjgK#v=onepage&q=warren%20buffett%20quote%20index%20funds%20know-nothing&f=false


  8. FrugalTrader on March 24, 2014 at 8:38 am

    Did I just see Ed and SST agree on something? :)

  9. Ed Rempel on March 24, 2014 at 10:18 pm

    Hey FT – I know, right? I wrote my post and then suddenly sat bolt upright and thought, “I gotta be wrong on this!”

  10. SST on March 25, 2014 at 11:17 am

    The End is Nigh!

    The brain is wired so that loss causes greater pain compared to the level of positive feelings associated with gain. With such a large “know nothing” retail investor population, diversification (aka loss prevention) strategies have become second nature and an easy sell (as Munger says, “98% will believe what they’ve been told”). Only those “know something” investors, armed with logic, data, etc., have a chance at over-riding the brain’s natural tendency in the pursuit of actual wealth growth.

    A limited research paper concludes “the average concentrator realises superior returns than the average diversified portfolio” (with a few caveats):

  11. Dave on March 16, 2015 at 5:09 am

    Emilio, keep paying your taxes,
    nothing better than you paying my way, Thanks.

    If you don’t know how it works, just stay out then.

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