Free Stock Trading Tools, Scam Alert, and Weekend Links
Stock Trading Tools
As I have been on a stock research frenzy, it was with great timing that a representative from INO.com contacted me about their free educational stock trading offerings.
- INO TV offers free online educational video seminars on stock trading. The only thing required is registration (free).
- INO Trend Analysis offers free technical/trend analysis of a stock of your choice, all they require is a stock symbol and an email address to receive the analysis. This tool is good for both Canadian and U.S stocks with no abbreviations necessary. If you create a free trend analysis account, they will email you a daily trend analysis of each stock in your watch list.
Scam Alert!
A friend of mine emailed me about a clever scam going around. Apparently, brazen scam artists are snail mailing people pretending to be CRA requesting more information. The letter will say something along the lines that CRA is missing your personal/banking info and that you should fill the paper form and send/fax it back immediately. You can find more info on the scam from CRA here.
Weekend Reading
Looks like the Bank of Canada is taking the recession risk seriously with a 1/4% rate cut with potentially more to come.
Canadian Capitalist is giving away $50 to a reader to celebrate the 1000th post and 1,000,000 visitor. Head over there now and leave a comment for your chance to win.
Canadian Dream tells us what he is going to do in case of a recession.
The Financial Blogger has some strategies on how to Decrease Your Management Fees In Your Investment Portfolio
Four Pillars explains that not selling is the same as buying.
Thicken My Wallet explains How to be a better employee.
Consumerism Commentary shows us that rich people are more likely to cheat on their tax returns.
WhereDoesAllMyMoneyGo writes about Index Funds and the Liquidity Premium.
Michael James on Money asks When Will We Get Back to Normal?
11 Comments, Comment or Ping
1. Four Pillars
Thanks for the link! I’ve heard good things about INO.
Mike
Oct 24th, 2008 @ 8:34 am
2. The Financial Blogger
Hey Thx for the link!
I’m actually registered with INO TV (a marginal advantage of being a financial blogger ;-) )and they really show great stuff!
Oct 24th, 2008 @ 8:38 am
3. Michael James
Thanks for the link.
That snail mail scam might have worked on me if I hadn’t read about it in your post. This takes some real imagination. If these scammers put some effort into a legitimate venture, they’d probably do well.
Oct 24th, 2008 @ 9:16 am
4. Thicken My Wallet
Thanks for the link.
The CRA scam may work because in audits CRA actually make you produce your returns (subject to a future post…) so although it sounds crazy that CRA may not have your personal information, they sometimes actually don’t (which means the scammers know something about the day to day practices of CRA not to mention its a pretty good copy of government letterhead… scary stuff).
Oct 24th, 2008 @ 11:25 am
5. Canadian Capitalist
Thanks for the link! Have a great weekend.
Oct 24th, 2008 @ 12:14 pm
6. Sam L
Hello all, first of all MDJ thanks for the post it is very helpful. But since you touched the issue I would like to share my knowledge on the subject. I’m occupied in financial industry related field and there are simple security processes available in order to prevent scam. For instance if we are talking about your personal information and CRA they have CRA Epass services. It’s an online service and if CRA will need your information to be updated they probably will ask to go to the service. The other thing is that none of banks and CRA as well will not ask you for personal info update trough the letter. They will do it with Notice of Assessment. It’s a good rule if you are not certain about letter origin simply go to CRA website take publically available phone number and call them for clarifications.
Epass link http://www.cra-arc.gc.ca/esrvc-srvce/tx/psssrvcs/menu-eng.html
Oct 24th, 2008 @ 12:16 pm
7. Canadian Dream
Thanks for the link FT.
Have a great weekend everyone,
Tim
Oct 24th, 2008 @ 1:48 pm
8. WhereDoesAllMyMoneyGo.com
Thanks for the link FT – have a great weekend!
Oct 24th, 2008 @ 6:37 pm
9. Rob Bradley
Thanks fo the links, very useful. I have just found your blog today and really like this! well done, an excellent read and i’ll be cominng back to read a-lot-more. when i saw your link I thought it was going to be a like the pixel guy. How wrong can you be. rgds Rob
Oct 24th, 2008 @ 8:10 pm
10. Nabloid
I’ll have to check INO tv out! Never heard of it before!
Haha, yes, it does sort of sound like the pixel guys site now that I think about it.
Oct 25th, 2008 @ 1:21 am
11. Green
Bank of Canada is again ahead of the US Fed in recognizing the risks of a major recession or depression are much larger than inflation with plummeting fuel prices. It’s probably too late even in the US to effect a major rebound via interest rates but it certainly would not have hurt.
Oct 25th, 2008 @ 11:03 pm
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