Book Winner, Twitter, Rate Drop and Weekend Reading
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.
12 Comments, Comment or Ping
1. IS
Thanks very much for the link!! Very appreciated!!
Mar 6th, 2009 @ 9:23 am
2. Four Pillars
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! :)
Mar 6th, 2009 @ 10:14 am
3. VR
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? :)
Mar 6th, 2009 @ 12:03 pm
4. FrugalTrader
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.
Mar 6th, 2009 @ 12:34 pm
5. Canadian Capitalist
Thanks for the link! Have a great weekend!
Mar 6th, 2009 @ 12:56 pm
6. Ms Save Money
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.
Mar 6th, 2009 @ 2:07 pm
7. Bryce
I’m also in a prime minus 0.9 mortgage. If they lower the rate much more I’m expecting cheques from the bank.
Mar 6th, 2009 @ 2:24 pm
8. Canadian Dream
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.
Tim
Mar 6th, 2009 @ 3:26 pm
9. Thicken My Wallet
Thanks for the link. I joined Twitter for a similar reason. To write a post about it as a business investment.
Mar 6th, 2009 @ 4:31 pm
10. WhereDoesAllMyMoneyGo.com
Thanks for the link FT! Have a great weekend.
Mar 7th, 2009 @ 10:14 am
11. Aman@BullsBattleBears
some informative links! thanks!
Mar 7th, 2009 @ 12:55 pm
12. Mark
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
Mar 8th, 2009 @ 10:30 am
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