Jungle Bulletin: US Dollars, Diverse Market, Child Benefits and Universal Life



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  1. I’m watching our Canadian exchange rate in complete disbelief as the dollar advanced to 95.33 US cents on Friday. While my US positions (30% weighting) are getting whipped, I’m contemplating if I should snatch up some global dividend-paying US blue chips. The higher Canadian dollar buys you more US shares. At the same time, businesses with significant international revenues should benefit from the cheaper US dollar.
  2. Value Discipline explains why a diverse market is healthier than one with homogeneous thinking. Passive, value and technical investors need each other for the market to flourish. Group hug everyone!
  3. If you have kids, don’t miss out on these free monies from the government: spousal amount tax credit, tax-deduction on day care expenses, Universal Child Care benefit, and Canada Child Tax benefit. Reference MillionDollarJourney and Canadian Capitalist for more juicy details.
  4. Walter Updegrave warns against mixing your investments with insurance products. Tax saving is the sales pitch, but the humungous fees will drag the portfolio. I’ve written a similar piece on universal life insurance.
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Comment Number:
1
Written by:
MillionDollarJourney.com
Posted on:
July 9, 2007 at 5:14 pm

Thanks for the mention FJ!

Comment Number:
2
Written by:
Rick
Posted on:
July 10, 2007 at 7:24 pm

Thank you for the kind mention! Best of luck in navigating that financial jungle!

Comment Number:
3
Written by:
Nabloid
Posted on:
July 11, 2007 at 4:52 am

I believe the Canadian dollar is headed higher just due to weakness in the US currency (research M3 index and Chinese reserve increases lately! They US has to stop printing soo much money or it is going to cause weakness).