If you are new to WhereDoesAllMyMoneyGo.com, every Friday I run a post called “A Lap Of The Blogs” which provides links to articles I found interesting and think that others may want to read for themselves. I also include some commentary on what’s going on in my personal life and a weekly “racing video” since my former life was in the auto-racing industry. The name “Lap of the Blogs” is in reference to “A Lap Of The Gods” which is an old video series which chronicled on-board footage of the world’s greatest F1 drivers lapping various racetracks from around the world.
Well, hitting the track last Friday was an absolute blast. It’s amazing how badly the desire to get back to it more permanently still burns deep. It’s also amazing how out of shape I am (for those who think auto-racing is not physical, you have no idea how wrong you are!)
From Around The Blogosphere
Jonathan Chevreau wrote a few blog entries: one on Black Hat advisors, and one on White Hat Advisors (which featured yours truly quite prominently!). Jon mentioned that he wanted to post a photoshopped picture of me riding a horse, with a white hat – so I’m going to whip one up and see if he really posts it! :)
Mark Noble, one of the best industry writers in the biz, also had an article in which I was quoted which is titled “ETFs have same issues as mutual funds” which is reference to the fact that great products can still be misused.
Canadian Capitalist questions if a flat tax system would work. Did you know that the economics of the future don’t involve money? Did you know I saw the new Star Trek movie twice already?
Thicken My Wallet fleshes out denied insurance claims the way only he can, i.e. brilliantly.
Michael James on Money explains the flaw of those “learn to trade” schools that purport to teach you the secrets of making money all the time in the stock market. To learn the real secret, you have to sign up for MY course which only costs $995 + GST – I have a proprietary method involving tea leaves, dice and an ovaltine decoder (all included).
Million Dollar Journey has a two-parter: one on the basics of Passive Investing Strategies and one explaining the basics of some Active Investing Strategies.
Four Pillars explains that breaking a mortgage has penalties and provides some tips on reducing said penalties. You like tips? Don’t eat yellow snow.
Big Cajun Man looks into the Canadian unemployment rate. The gravity of so many job losses is saddening when you think of all the people and families affected.
Larry MacDonald reviews the latest Morningstar report which takes a shot at Canadian mutual funds (and advisors). Did someone just turn that into a sport or something? :)
Mark Wolfinger discusses the versatility of writing covered calls.
This Week’s Racing Video
A real quick one today. Have you ever wondered what would happen if you forgot to tighten your lug nuts? It would look a lot like the following video… (reminder to feed readers, you might have to visit the actual blog website to view videos). Enjoy and have a great long weekend!
Thanks for the mention. You can get your price up to $1995 if you involve waving a dead chicken to make stock picks :)
Thanks for the mention and enjoy the lllooonnnggg weekend too.
Thanks for the double link Preet! Enjoy the long weekend.
Congrats on the Jonathan Chevreau mention. It was a good read and I agreed with him. I often send your posts to my grown children-it’s easier for them to read this stuff coming from you than from me!
Thanks for the mention Preet. I haven’t seen the Star Trek movie. Movies are a luxury for folks with young children :) Have a great weekend!
Thanks for the link!
So you don’t like lemon-flavoured snow? What’s wrong with you!! :)
I enjoyed the video. Nice of you to damage your vehicle just to warn us of the dangers of loose lug nuts!
@ Susan – thanks for the note – hope the weekend was enjoyable!
@ Gene – my readers are my life, I will do anything for them… :)
Preet
Thanks for all your links. I found this early moring race through Paris and thought you might be interested — although it does have its irresponsible side to it.
Larry M.
http://www.youtube.com/watch?v=VqHrCLt3Geo
Rendezvous in Paris On an August morning in 1978, French filmmaker Claude Lelouch mounted a gyro-stabilized camera to the bumper of a Ferrari 275 GTB and had a friend, a professional Formula 1 racer, drive at breakneck speed through the heart of Paris early in the morning . The film was limited for technical reasons to 10 minutes; the course was from Porte Dauphine, through the Louvre, to the Basilica of Sacre Coeur. No streets were closed, for Lelouch was unable to obtain a permit. The driver completed the course in about 9 minutes, reaching nearly 140 MPH in some stretches. The footage reveals him running real red lights, nearly hitting real pedestrians, and driving the wrong way up real one-way streets. Upon showing the film in public for the first time, Lelouch was arrested. He has never revealed the identity of the driver, and the film went underground. If you haven’t seen this before it is a classic, if you have seen it I apologize, but it’s still a classic. Turn on your sound and enjoy…