I had two national holidays last week, and yet somehow, I was busier than most weeks. As such, I think I was only at my computer for a total of maybe two hours. I didn’t get much reading done, but here is a list of what I did come across.
Canadians born abroad should take special note of the first two links.
- Back in June I wrote about a little known change to Canadian citizenship rules which affect the descendants of Canadians born abroad.
- As this article shows, those citizenship changes are starting to cause problems for some families. This article profiles a Canadian man born to Canadian parents who were studying in Scotland 40 years ago. He was brought to Canada when he was 5 months old and lived there until his early thirties. He then decided to teach abroad and has two children. His first was born before the new citizenship rules, and is therefore Canadian. His second child was born after the amendment, and is not Canadian.
- On the lighter side of things, I found this short article about lunch breaks at the Tokyo Stock Exchange very amusing. I just can’t shake the image of frantic traders taking an hour and a half to quietly eat the bentos their wives made.
- I came across an article on Morningstar about weeding out some of the ETF mess that’s out there. Nothing groundbreaking, but good for someone who may be intimidated by the number of ETFs out there.
- Money Smarts asks if reinvesting dividends in the same security is really the best use for them, and offers some other options. (If you’re reading this, Mike, sorry for not responding to your reply yet.)
- Larry MacDonald writes about China being the next Enron. Let’s see… Its valuation keeps defying gravity? Check. A fall from grace would wipe out a lot of investors? Check. It is most likely cooking its own books? No comment.
- In an older post I stumbled upon, Invest it Wisely looks at the infinite portfolio. I agree our life expectancies will extend outward to a point, and we may well need more money than we think we do. The idea of perpetual portfolio is also something interesting to those wanting to leave a legacy.
And that’s about all I had the time to read the in the past week, if memory serves correctly. In other news, I have fixed the link in the sidebar to the S&P data on actively managed funds vs. indexes, and my interview notes from the Canadian Trade Commissioner to Japan will be uploaded this week.