According to a 2004 study published in The Journal of Finance, 20% of your after-tax investment earnings can be lost if funds are placed in the wrong type of account. WOW! This problem, once understood, can be easily avoided.

**Congratulations to Patrick M., Eddy T. and Ladislas M. for being this week's winners**

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There are many dynamics working against the dollar and for the Canadian dollar. I don’t claim that these are the ONLY reasons but I do believe that they are very important dynamics that are all collectively working at the same time to bring down the USD/CAD currency pair.

So let’s take a moment to discuss each of these briefly:

Bernie Madoff received 150 year prison sentence yesterday, and with good behavior he could be out before his 200^th birthday! 

He was told by the judge that he had committed an “extraordinarily evil” and shook the confidence of the legal and financial system.

There have been a lot of news reports recently about 401(k) plans becoming more transparent.

This stock market has really been historical over the last 12 months.   2009 in and of itself has been quite a ride, but where does this leave us? The market has been stabilizing and trading in a range for two months. There may be a big move to the upside this Fall out in front of the heavy inflation to follow. 

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**Congratulations to Azeez K., Adetayo A. and  Yvonne Z. for being this week's winners**