A Money Coach in Canada

Follow & Subscribe

1. It was a really bad day for our investments.
Well you probably don’t need ME to tell you this, but today was a really, really, really, really lousy day for your investments. And mine. Worst day since December 2008, in fact. And GUESS WHOSE FUNDS ARE TIED UP RIGHT NOW so she can’t buy? Although as one guy commiserated, “don’t worry. We haven’t hit bottom yet”. Steve Jobs and I are hurting together: our Apple stock dropped from $391 on Tuesday to $377 today.

2. GM’s profits increased by — are you sitting down?? — a freakishly incredible 89% last quarter compared to the same time last year. Did I mention MY FUNDS ARE TIED UP RIGHT NOW?

3. The Japanese Yen, like our Cdn. Dollar, has been increasing in value compared to the US Dollar (as it weakens) so today they deliberately intervened to weaken it (basically by flooding the market with yen). They did this because they want other countries to keep buying Japanese goods, without it becoming cost prohibitive – the tsunami wasn’t that long ago (seems like it though, eh?) and they need to keep getting their economy back on track.

4. And -quick! – take a look at your diamond. Was it extracted fairly? Or, god forbid, a blood diamond? I just heard about this company which uses only fair trade gems. That’s of particular interest to me as a northerner. Diamonds are mined up here and if you can get one of ours, you can be assured of the conditions under which it was extracted from the earth. I hope the business owner sources from the NWT!

About the Author


Imagine if Canadians were known for being all over their money. Engaged. Proactive. Getting out of debt. Savvy. Saving. Generous. Nancy wants to help. Nancy started her own journey with money over 15 years ago, and formed her company “Your Money by Design” in 2004 to help others along the same path. It’s not the usual financial advising/investment stuff. It’s about taking control of day-to-day finances –managing monthly cashflow effectively, spending appropriately, getting out of debt, saving. If you're ready to take control over your finances, pop by her business site, YourMoneybyDesign.com

2 Comments

  1. Maggie

    Hi Nancy, What is the name of the Canadian company that deals in fair trade gems? The link goes to the Wikipedia page; unless I just missed it on that page?
    Thanks!
    Maggie

    [Reply]

    Nancy (aka Moneycoach) Reply:

    my bad! Sorry Maggie. I’ve corrected the link – try again!

    [Reply]

    Aug 04, 2011

Leave a Reply




CommentLuv badge