3 Short Stories

Instead of putting their product on sale, Pizza 73 is advertising limited edition (Edmonton) Oilers game box pizza. If you’ve ever wanted to collect used greasy pizza boxes, don’t miss this promo!

Twice last week someone asked me when governments will be back to some kind of balanced budgets. Being asked that is very rare – it’s not something that most of us do as individuals. Hands up if you even do some kind of budget… Hands up if you remember any talk about that in the last two elections? There wasn’t anything. But many remember Prime Minister Trudeau’s comment that “budgets balance themselves.” Besides, running deficits allows politicians to buy votes. Getting to balanced budgets costs them votes!

Middle of January I saw a Royal Bank ad promoting investment accounts for RRSP season. The “deal” was that you get 100 free trades until March 31st. If you need more than two or three trades in the first two months, you’re doing something wrong! You’re not a day trader, I hope, because 93% of them lose money. I manage a 7 figure investment account for a relative. It’s with a national portfolio manager in five accounts. Last year they did a total of 16 transactions. That’s three per account in a year! 100 trades should last you more than 30 years…if you’re investing and not churning, guessing, or day trading.

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