This and That: 100x ETFs, TFSAs and more…

Posted on November 19th, 2009 by Canadian Capitalist

It is funny and incredible at the same time. Jon Chevreau reported on the Wealthy Boomer Blog that as a joke an author faked a news release announcing the launch of the first 100x leveraged ETFs — the Kelly Daily NASDAQ 100 Bull 100x ETF (Ticker: SOAR) and the Kelly Daily NASDAQ 100 Bear 100x ETF (Ticker: SINK). What happened then makes you wonder about the sanity of investors: 65% expressed an interest in owning these ETFs, 5% were “pretty sure” they already owned the 100x ETFs and only 30% got the humour. I wonder if Scott Reynolds of Steady Hand should have kidded about the H1N1 Fundamental Vaccine Equity Plus Fund
It is heart warming to read Tax-Free Savings Accounts are proving to be very popular with Canadian investors. The Globe and Mail reported that Canadians have opened up 3.6 million TFSA accounts holding an average of $3,400.
Recent college graduates are entering a grim job market with few, if any, job openings. Brad offers five tips to make yourself more attractive to potential employers in a tough job market.
It could happen to anyone and when it does, it is very stressful. Frugal Trader on what steps to take now to mitigate the loss of a purse or wallet.
Michael James points out that even when investment advice is sound, investors often read into them what they want to hear.
Mr. Cheap points out that many investors forget to account for the value of their labour in figuring out the return on investment from their business.
Canadian Financial Stuff believes that Bill Belichick did not take a prudent risk when the Football coach decided that the Pats will go for a fourth down on their 28 yard line when trailing the Colts by 6 points with 2:08 left on the clock. He warns against taking risks in finances, just as in football, when the downside is too great.
David Bach made a career out of one idea — automate your finances. Gail agrees and says that automating your finances will make your life easier and free up time for other pursuits.
While some jurisdictions may accept hand-written, holographic wills as valid, Thicken My Wallet says that the prudent course is to draft a will through a lawyer or a will kit.
Don’t have a CLU about what FRM stands for? Preet has a nifty graphic on what different advisor designations stand for. Hint: view it on Internet Explorer.

Check out Today’s Economy Blog by Kevin Press. While Mr. Press works for Sun Life Financial and his blog is about navigating the treacherous waters of today’s economy and markets.

I’m unable to highlight all the articles worth checking out in my weekly round up but you can check them out through my Twitter feed. Have a great weekend everyone!

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