LinkStuff – Market Volatility Edition

by Mike Holman

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Pretty exciting week in the markets this week. Maybe a little bit too exciting for some.

I’ve been below my 75% equity allocation for several months due to an RRSP transfer and general portfolio neglect. I find it hard to buy a big chunk of equities all at once after the market has risen so much, so I’ve been waiting for a drop to buy.

I still haven’t reached 75%, but I’m a lot closer than I was.

Have I mentioned I’m doing a 2nd edition of the RESP book?  ;)  I’m hoping to announce something on this in the next couple of weeks.

On with the links

A fantastic post about market volatility and how to deal with it. At the Bogle Heads forum.

Barrie McKenna had a great article about taxation levels in the US and how they have plenty of capacity to raise taxes.

Economics of Contempt wrote a scathing article on the compentency of S&P raters, or the lack thereof. Entertaining read.

Rob Carrick says that the recent interest rate “hold” in the US means that if you have a secure job and lots of debt, you’ve got it made.

The Boston Globe reports on a very poorly designed lottery that is easy to game. Very interesting story.

The Oblivious Investor addresses recent market activity with risk tolerance in action. I like how he says that “rebalancing isn’t supposed to be easy”. And neither is investing in equities.

MoneyVille had an article about a good hard drive with an easy backup system. I think I’m going to buy one.

Preet Banerjee says that the debt markets disagreed with the S&P downgrade.

My Own Advisor reveals a love affair with his bond ETFs.

Million Dollar Journey lists the top 5 pension myths.

Michael James says that rebalancing can be hard to do, because there is no instant gratification.

Canadian Capitalist thinks that he is above average – and so are you. ;)

Boomer & Echo had some good thoughts about should you make RRSP contributions if you have a DB pension?

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Welcome to Money Smarts! If you're new here, please read the "About" page to find out more about this site. If you would like to receive updates by email then sign up here or you can subscribe to the RSS feed. Thanks for visiting!

{ 8 comments… read them below or add one }

1 Echo

Thanks for the mention, Mike. Have a great weekend!

2 Michael James

I like that lottery story. I can just imagine the technical people begging bureacrats to do something more sane and blinking uncomprehendingly as they get overruled.

3 Preet

Thanks for the link Mike. Mmmmm pizza pide.

4 Mike Holman

@MJ – Yes, it was an interesting story.

@Preet – Lol.

5 Doctor Stock

Thanks for some great reads… something to do while I reinstall my O/S on my new hard drive.

6 My Own Advisor

Thanks for the mention Mike, have a great weekend!

7 SavingMentor

Watching the markets this week was such a rush! It’s scary to watch things go down so fast again with 2008 still fairly fresh in our minds. I made one really bad investment and then I turned things around a little bit by doubling down and earning 27% in one day. Didn’t make up for my initial losses, but it helped.

8 My University Money

Looking forward to the new RESP book.

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