Yearly Archives: 2010

The Hidden, Hidden Costs of Credit Cards

By | 12/30/2010

Whenever you buy something from Wal-Mart using your Visa CCard, Visa will charge Wal-Mart a transaction fee. These fees usually cost Wal-Mart about 2.5% of the total transaction amount. But they can vary between 1% to 3% usually depending on which type of CCrd is being used, (air-miles, points, platinum, etc) Stores who accept CCs, like Wal-Mart, can… Read More »

Apples and Oranges

There are a lot of good deals on TVs during this boxing week. It’s surprising how TV prices have dropped compared to just last year. Speaking of flat-screen TVs lets talk about these new “LED TVs” on the market. In brief, every LCD screen has a light source behind it, (that’s why TVs, monitors, laptops, etc give off… Read More »

Tough on the new Generation

The economic recovery since the 2008 recessions has not been helping the younger workforce much… ———————————————————– Key points.. Canada has recovered all the jobs it’s lost since the recession but even though the national unemployment rate is 7.6%, young workers in the 15 to 24 year old category are sitting at a higher 13.6%. While the economy has… Read More »

Land Valuation

By | 12/14/2010

I recently read a study by the Chinese government about how inflated they think their real estate market is. ———————————————————————- The key points… Of the 35 major cities surveyed, property prices in 11 including Beijing and Shanghai were between 30% and 50% above their market value, the China Daily said. And in some major cities like Fuzhou, real… Read More »

A Generous Gift

By | 12/10/2010

IKEA hands out free bikes to all its employees. ——————————————————- Key Points… Christmas for Ikea staffs came a little early this year as the Swedish company recently gave out full sized bicycles to all of it’s 12,400 employees in the US. Unfortunately we didn’t get any here in Canada. The bikes are all-terrain, uni-sex, and painted in the… Read More »

Saving for Retirement

By | 12/07/2010

A recent Harris/Decima poll shows that people are investing more for their retirement. ——————————————– Here are some key points. 74% of Canadians either plan to, or already have RRSPs (similar to 401K plans) People are planning to put more into their RRSPs this year compared to last year 43% of Canadians have opened up a TFSA (similar to… Read More »