Comments on the moneygardener: top 3 mistakes investors make

Webring isn't down. Try replacing .com with .org....

2008-03-13T00:57:00.000-04:00

Webring isn't down. Try replacing .com with .org.

www.financialwebring.org

I was tagged by Dividends4Life as well, but I've been sick for a while. Will try to get it out soon. Promise.

geoff,Yes, daycare is extremely expenisve. In our...

2008-03-12T09:17:00.000-04:00

geoff,
Yes, daycare is extremely expenisve. In our case Grandma is helping out.

nancy, I agree with you with respect to both of your points.

jordan,
thanks for the comments. I imagine FWF is down for maintenance. The YLO drop has been very surprising and i think it all has to do with RHD in the U.s.

MG, Long time reader, first time commenter. This b...

2008-03-11T15:19:00.000-04:00

MG,

Long time reader, first time commenter. This blog is a great resource and I enjoy it every day.

What is going on with webring? It's been down for almost 2 days now? Do you have any idea what is causing the problems? I'm wondering why my YLO is tanking today when everything else seems to making gains today. I can't find any news anywhere. Need my Financial Webring fix.

To dovetail on Nancy's comment, probably the bigge...

2008-03-11T14:51:00.000-04:00

To dovetail on Nancy's comment, probably the biggest mistake investors make is not taking responsibility for their investments- either they delegate the entire thing to someone (so they can blame them if things don't go right) or don't do it at all.

I think the biggest mistake of all is simply Not D...

2008-03-11T14:48:00.000-04:00

I think the biggest mistake of all is simply Not Doing it. Only 30% of Cdns have any RRSPs at all, and if we extrapolate that as a rough figure for people investing, period, it means a lot of people are missing out - either due to intimidation, anxiety, or just not thinking about it.
Learning about the investment world has been one of my most empowering life experiences, even if from time to time I chose foolishly (eg. my martha stewart stock. shoulda known. shoulda known.)

Hey MG, I really enjoy your postings. This doesn't...

2008-03-11T12:39:00.000-04:00

Hey MG, I really enjoy your postings. This doesn't relate to your current posting, so please excuse this and feel free to delete/move it as you see fit.

I'm in a similar situation as you (married, 32, one baby, one mortgage, no other debt, some investments outside of rrsp, budget and track expenses closely, etc). My question is how are you planning on handling the daycare side of having a baby? Once my wife is back to work -- that year off is expensive, by the way to anyone thinking the government helps out, EI maxes out at 22% of her annual salary) we are going to have to struggle to get by. We'll be paying $1,550 a month in day care costs until he's 18 months old, when it drops down to $1300 and then at 3 he's down to $1000 / month. The government even maxes out the deduction at $7K / year.

We have a nice house in Toronto, with a mortgage that is 3x our annual salary - a bit high, but we looked at moving to the suburbs which aren't as cheap as they used to be, and with gas at $1.08 that's an uncapitalized expense I can do without too so choose a nice centrally located house. Without daycare costs we'd actually be quite well off, but with them in we're in for a rough patch, and I don't know how we'd have another like we'd want to. I'm curious to know if you're thought about this yet or what your options are. -Geoff.

Excellent points! Thanks for participating.Best W...

2008-03-10T10:36:00.000-04:00

Excellent points! Thanks for participating.

Best Wishes,
D4L