The blogsphere has been lighting up over the last few weeks with the travel plans of various PF bloggers. Well Heeled Blog will be doing a whirlwind tour around Europe; Jordann at My Alternate Life is visiting England; Krystal of Give Me Back My Five Bucks is going to Las Vegas; Young and Thrifty just came back from Cuba. Maybe it’s the winter blues, but reading everyone else’s travel plans have made me restless. I’m itching to travel again.
We started the second month of yearlong quest to simplify our lives with a game where Emily and I competed to rid ourselves of our excess stuff.
The gist of the challenge was to get rid of n number of items for the nth day of the month. On the first day, we each tossed one item. On the second day, we each got rid of two. 28 days later, the grand total of all items purged would be 406. All items were supposed to be out of the house by midnight. The tally to date: Emily 208, Daniel 153. Bollocks. Continue reading →
Another week, another weekend. Ours was busy, which seems to the the current theme of our lives right now. We had my best friend over for brunch yesterday morning and tricked her into babysitting while Daniel and I went to grab groceries for a dinner party we were to host in the evening. We have a group of friends, consisting of three other couples, that gather together for a meal every other month. We call ourselves the Supper Club and we take turns hosting in our homes; it’s always a great opportunity to catch-up. It was our turn to entertain this weekend and we decided to throw a murder mystery party! Everyone was given a character in advance and arrived in costumes with props (there was a saxophone!). It was a lot of fun.
It’s a scene that repeats itself countless times: I stand in my overflowing closet and woefully conclude that there’s simply nothing to wear. The situation doesn’t get any better even after trying on a dozen outfits and to make matters worse, the room then looks like someone broke in to look for the Queen’s royal diamonds. Continue reading →
When last we looked at the MER, we made a comparison of two different MER values where the rate of return, amount invested and period of time were assumed to be equal. This was to illustrate how the different MERs (low MER of 0.33%; high MER of 2.18%) impact investments in the long-term. Over 10 years the money invested, the high MER consumed 12% of the entire investment amount, compared to only 1.7% by the low MER. In the words of John Bogle, founder of Vanguard Group which manages 2 trillion in assets, “the magic of compound returns is overwhelmed by the tyranny of compounding cost.”
In Canada, MERs typically range from 0.12% to 3% with the average at 2.15%- the highest in the world according to a 2013 Morningstar report. Investing strategies indicate where within the range the MER falls; higher MERs are associated with actively managed funds while lower MERs are associated with passively managed funds. Continue reading →