July 2011 Newsletter
TriDelta Insight
Mortgage Highlights
5 Year Closed:   3.19%
5 Year Variable: 2.48%
TriDelta Financial
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Email: tedr@tridelta.ca

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Dear reader,
James Lowell wrote in 1870, "All our mistakes sooner or later surely come home to roost."

This adage is very true and apt in the current global uncertainty as we're now faced with the consequences of global excess and greed. The resulting mountain of debt from poor government, banking and individual behaviour over the past three decades needs to be dealt with, which is no small feat.

This newsletter has a variety of articles for your enjoyment, some more sobering, but others that will inspire and even make you chuckle.

Enjoy and be well,

TriDelta Financial

Stock market musings

The global economy and stock market remains fragile. To make some sense of it all we have compiled comments and thoughts from some of the smartest economists, analysts and other so called experts.

All eyes seem to be on Europe right now as they struggle with seemingly insurmountable debt.

Appearing live on CNBC's "Squawk Box" on Monday morning, Warren Buffett said he's not sure Europe can or will do "whatever it takes" to resolve the debt crisis.

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The awe of Travel

We live in a weird and wonderful world to say the least.

Here are a few unique hotels for you to include in your 'travel bucket list'.

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Unique use of segregated funds can boost retiree's portfolios

Everyone knows that a book should not be judged by its cover. The same can be said for the unique segregated fund, an investment product that at first glance has some real flaws but when digging deeper, can prove very powerful.

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Why consider being vegetarian

Famous vegetarians include Paul McCartney, Sarah Conner, James Cromwell, Pierce Brosnan, Jackie Chan, Jane Goodall, Gandhi and many more.

The reasons are varied although most proclaim to have become vegetarian because of...

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How banks collapse

To give us a better understanding of the process that resulted in the collapse of the US banking system, here is a simplistic and fun explanation of credit derivatives that explains it very well, the Heidi Bar case study:

Heidi is the proprietor of a bar in Detroit ... She realizes that virtually all of her customers are unemployed alcoholics and, as such, can no longer afford to patronize her bar. To solve this problem, she comes up with a new marketing plan that allows her customers to drink now, but pay later.

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Alzheimer's news

The numbers are staggering
Every 5 minutes another Canadian is diagnosed with dementia.
By 2038 someone will be diagnosed every 2 minutes

What can your legacy of hope do?

  • Provide care and support for families living with dementia
  • Improve diagnosis and find new treatments
  • Invest in research for a cure

If you're interested in reading a case study that illustrates the significant benefits of contributing effectively, see https://tridelta.ca/The-Canadian-Financial-Planner/2011/10/give-more-spend-less/

To get a quick sense of your financial picture and what you can afford to give, use our free online calculator.

Alzheimer's disease... it's everybody's business.

Claire's book pick

Bad Science by Ben Goldacre

On a recent trip to the UK my brother in law handed me a book and said you should read this, so on the plane home I started the book.

Bad Science is a book that educates about rational thinking and critiques irrational/dishonest thinking and its practitioners.

It concentrates mostly on bad science in relation to medicine and health: partly because Goldacre is a doctor in the UK. The various chapters to name are few are titled: 'Matter' (detox methods); 'Homeopathy'; 'The Placebo Effect'; 'Why Clever People Believe Stupid Things'... You get the drift.

Ben Goldacre feels that people make better decisions about their health when not wilfully misinformed.

An interesting read.

By Claire Corrie Director, Client Service

Claire's movie pick

BBC's TV series - 'Coast'

I was all set to do a movie review and then along came a wonderful television series, Tuesdays at 7 PM on TVO that has captured my heart.

The series is called 'Coast' which takes you on a journey each week to different parts of Britain's coast line. This program is thoroughly enjoyable, heart-warming and jaw-dropping, combining social history with a solid scientific background.

Episodes include snippets from local folk in each area, where people whose lives are intertwined with the ocean explain about their hobbies or livelihoods.

TVO are currently showing series 3, in the later series Coast expands the theme to include other countries.

It provides high quality, informative and educational entertainment which I am sure you will enjoy.

By Claire Corrie Director, Client Service