I’ve been negligent with my portfolio rebalancing this year and have way too much cash in my accounts. Although I don’t think I can time the markets, I am loathe to buy equities after they have gone up a lot.
Today – I finally pulled the trigger on some ETFs for my couch potato portfolio. The markets have been in a slump lately and today was just a great time to do some buying.
- XIU (iShares Canadian large cap ETF) at $17.70
- VEA (Vanguard Europe & Asia equity index ETF) at $34.12
- VTI (Vanguard US equity index ETF) at $62.37
These ETFs are all lower than the beginning of the year and well off their recent highs.
I still have a lot more cash to get rid of, so I’m hoping the markets will fall even further.
On with the links
The Wealthy Canadian wrote about opening an RESP account for his little boy. He also said some nice words about my book. 🙂
In Japan, they have subway employees who’s job it is to push people into the trains. I had heard of this, but I just couldn’t believe this YouTube video – they really know how to jam people into subway cars in Japan.
The Oblivious Investor had some very good advice in asset allocation – set to your maximum loss.
The Steadyhand blog is doing a financial profile on a guy named Bruce. I love financial profiles and the fact that this Bruce fellow sounds a lot like me, makes this one all the more interesting.
Michael James thinks that most active stock pickers are working for a negative wage.
Michael’s post reminded me of a post I did called Do you really “earn” your investment income. It’s easy to think you are making money in an up market, but you have to compare your performance to that of a passive strategy. Even if you can beat the market, is it worthwhile to do so unless you have a large portfolio?
Boomer & Echo has some interesting stories about dealing with elderly parents.
Canadian Capitalist doesn’t mind if you mash couch potatoes. But he demands a reasonable alternative.
Today’s Economy blog has some followup discussion on the great debt ceiling debate.
Million Dollar Journey talks about little known Canadian benefit programs.
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The RESP Book: The Simple Guide to Registered Education Savings Plans
Everything you need to know about RESPs.