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 sometimes 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. NOTE: you have to visit the actual website to see the embedded video – it may not appear in your email. Just click on the title of the email to see it…

Don’t forget that you only have until midnight on Friday, July 31st (2009) to enter the massive giveaway contest to celebrate this blog turning two years old. Right now your chances are about 1 in 6 to win something. All you have to do to enter is leave a comment – can be anything, like “bonds are for losers” (even though all the kids who bought bonds in high school end up getting the hot girlfriends/boyfriends later in life). :)

From Around The Blogosphere

In case you missed it, I provided a list of all the provincial securities commissions’ web forms or phone numbers for quickly checking if your advisor is registered as a financial advisor in your province.

Jonathan Chevreau notes that 90% of boomers want to travel in retirement, but 60% of boomers have no financial plan to do so. You know what they say, experience is something you tend to get just AFTER you really needed it. :)

I recently met Ermanno Pascutto and Steve Garmaise from FAIR Canada (Foundation for the Advancement of Investor Rights). Great guys, tonnes of experience and I’m really grateful for their contributions. Like this: Noting that Canada needs a more transparent bond market.

Money Grubbing Lawyer writes about Lies, Damn Lies and Formulas. This blog is quickly becoming one of my mostest, favouritest reads. Read on and you’ll see why!

What is the best type of account for holding Canadian dividend paying stocks? Canadian Capitalist provides some detailed insight.

Million Dollar Journey wonders if it is better to pay off lower balance debts first or highest interest debts first. The answer is not as cut and dry as you might think (psychological factors).

Do you consider spending cash the same as borrowing if you still carry debts? Four Pillars weighs in.

This Week’s Racing Video

I don’t think I’ve ever posted in-car footage from a run down the quarter mile. This is a blindingly fast car, but it’s amazing to think that the fastest dragsters in the world will reach 480 km/h before you finish reading this sentence. (This one is nowhere near that fast, but still REALLY impressive). Check it out and have a great long weekend everyone!