Financial blogs are a great money equalizer - people sharing information with others in a way that makes everyone smarter. But there are hundreds of these blogs around these days, and some are just taking up cyberspace. Which are worth your time? For answers, we had a panel of experts choose their favourite Canadian personal finance and investing blogs.
On the panel were Ram Balakrishnan, author of the popular Canadian Capitalist blog, Globe personal finance columnist Rob Carrick, Market Blog writer David Breman, and Chaya Cooperberg, an investor relations expert who contributes to the Globe's Home Cents blog. We've compiled their favourites and a few of their comments on each below (they were not allowed to vote for their own blogs). Check them out on your own and then jump to the bottom of the page and vote for your favourite blog. Voting will continue until Monday at noon ET. We'll tabulate the results and tell you more about the winners.
UPDATE: For a story on the winners, see The Best Canadian Money Blogs
PERSONAL FINANCE (In alphabetical order)
1. Canadian Mortgage Trends www.canadianmortgagetrends.com Such a smart and timely source of information on mortgages that you wonder how the Vancouver-based editors, Melanie and Rob McLister, have time to run their mortgage brokerage business.
2. Canadian Personal Finance Blog www.canajunfinances.com The father of four behind this blog - he goes by the name Big Cajun Man - touches on all aspects of how to manage a loonie in frank and often personal entries.
3. Four Pillars (now MoneySmartsBlog) www.four-pillars.ca and www.moneysmartsblog.com This recently renamed pillar of the Canadian personal finance blogosphere is written by a pair of anonymous guys who cover it all, but seem to have a special interest in real estate.
4. Gail Vaz-Oxlade gailvazoxlade.com/blog The doyenne of debt brings her wise counsel and no-nonsense style to a wide range of financial matters, and she always attracts a ton of reader comments.
5. Michael James on Money michaeljamesmoney.blogspot.com Mr. James positions himself as a financial amateur who writes for people like himself, and he knows how to keep things simple and breezy.
6. Million Dollar Journey www.milliondollarjourney.com Personal finance and investing for the masses from a prolific blogger named FrugalTrader, who aims to be worth $1-million by age 35.
7. Squawkfox www.squawkfox.com B.C. writer Kerry Taylor's blog covers travel, household budgeting, resume tips and recipes, which is to say it's a nice complement to the many personal finance blogs written by fine print-obsessed computer nerds.
INVESTING (In alphabetical order)
1. Canadian Couch Potato canadiancouchpotato.com Ready to chuck your mutual funds? Unsure about your stock-picking skills? Sounds like you're ready for journalist Dan Bortolotti's ongoing investigation of the benefits of index investing.
2. Canadian Financial DIY canadianfinancialdiy.blogspot.com Blunt and detail-oriented, this blog covers both personal investing and financial issues of the day like stock market volatility and ideas for redesigning the retirement system.
3. HowToInvestOnline howtoinvestonline.blogspot.com Smart and newsy investigations into all manner of investing and economic topics.
4. Humble Student of the Markets humblestudentofthemarkets.blogspot.com Accessible and smart big-picture analysis of the stock market by portfolio manager Cam Hui. He's generally bearish these days, but he backs up his views.
5. Larry MacDonald blog.canadianbusiness.com/category/larry-macdonald/ Mr. MacDonald is an economist, author and columnist who almost every day produces something of interest to those trawling for ideas on investments and portfolio management.
6. Think Dividends www.thinkdividendsblog.com Nothing fancy here, just comprehensive coverage of what's happening with the dividends paid by major companies and income trusts.
7. Where Does All My Money Go wheredoesallmymoneygo.com The cool thing about this blog is that the proprietor, Preet Banerjee, works in the financial industry and is diligent about exposing its (sometimes ugly) inner workings.
You can select up to three blogs as favourites in the personal finance world in the form below and then push the "Next Question" button to select up to three investing blogs.
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