Earth Hour and you know what that means..

Earth Hour tonight peeps... means turning out all your lights while watching the Oilers on the teevee for an hour... 

And, since there is no Oilers game tonight, everyone will be online creeping on Facebook or playing Draw Something on their iPhones and the kids busy on the PS3 or XBoxes... 

Apparently this momentous occasion is supposed to make us all feel better about driving a SUV with full time AWD everywhere we go even when we could walk and waste copious amounts of energy the rest of the year...

Fuck me running sideways with a television up my ass but I still don't comprehend how sitting in the dark at 8:30PM tonight makes us think the coal generators and turbines have suddenly shut down....

2012 Predictions

It's that time of year again where we all reflect back on the year gone by and make bold outrageous predictions of the incoming new year... Reading my twitter feed and various financial gurus with their infinite wisdom predicting where markets will be in 2012, it seems either the world will be ending or everything will be fixed and we will all be rich and geniuses again... 

Reflecting back on 2011, I'd like to punch fucking calendars in the cocksucker when I think back of all the successes I've squandered and the missed opportunities because I let the noise from the asshats on CNBC or other fucktards in main stream media dictate my emotions and judgment erring on numerous occasions on the side of diligence and safety instead of pure greed like I should...

But these are troubled times and markets just aren't right at the moment...during a financial crisis like the one we are facing now, logic and fundamentals do not exist and moronic volatility reigns supreme hence panic selling and buying.

90% of the stock market is controlled by institutions and professionals working for the world's largest investment firms and banks. They are deeply committed and vastly well prepared. They hire the smartest people in the world that work their asses off all day long; It doesn’t matter where these traders work – they may be on banks, mutual funds, hedge funds, or HFT shops – they employ an array of professional staff and technological tools to give themselves a significant edge. With billions at risk, they deploy anything that gives them even a slight advantage.

Guys like me are armed only with an outdated PC, an internet connection, and CNBC muted in the background; we as investors face daunting odds. We are at a tactical disadvantage, outmanned and outgunned in every which way compared to the pros... And when they panic, we had better pay fucking attention. We go way the fuck down then way the fuck up. Rinse and repeat. It is truly Armageddon for small time retail traders like myself...

I don't expect anyone to have the mental capacity to understand the bullets I dodge everyday, Matrix style... but understand this: I absolutely refuse to live within this Alberta bubble... I cannot bring myself to stand idly by like everyone else and think my line of credit IS my emergency fund and any available credit is counted as part of my net worth; I cannot dump every penny into a home ignorant to declare real estate here will go UP forever just because "we're different here" as compared to everywhere else in the whole fucking world...

My prediction for 2012?

The world will NOT end in 2012. You'll only wish it would. Especially those of you that are highly leveraged, in debt, and have no clue of what I rant about on a daily basis...

For 4 decades I completely missed the point of Remembrance Day.... It was the Dutch that provoked me to say "Thanks"

Remembrance Day was always something I never really got as a kid...what I did get was 'School was cancelled...YAY!!'

I'd see the parades and ceremonies at City Hall on TV... we would do ceremonies at school...two minutes silences at 11:00 on the 11 day... 11 month... that's when WW1 ended...the time Armistice was signed in 1918..learned that in social studies right?

We do it to remember those who have fought and fallen... well...My ancestors had a different history... they never fought... they ran from the Japanese..they ran from Communists...they starved on their own farms... Chinese immigrants celebrate "Ching Ming".. we get pastries and BBQ pork and have a picnic at the graveyard... but on Remembrance Day I get the day off!!!

May 2010, I was particularly intrigued hearing that the Netherlands have more Canadian flags waving in one town than all of Canada... I figured just coming off the 2010 Winter Olympics and the Dutch must be quite the hockey fans or something... Indeed they are.. but for other reasons.

Watching news clip after news clip, I saw 100's of thousands of Dutch people cheering, crying, mobbing and honouring Canadian Veterans... mothers of small children, teenagers, people in their 20's who never knew WW2 first hand..they were all running up to these slobbery old guys just to get a kiss or a touch. They interviewed these people... they said they wanted their children to know they touched a person who liberated their country 65 years ago.

Flags and banners waved.. " Thank You Canada- we will never forget"; "Thank You for our Liberation Canada"... Memorial burial places in the Netherlands were gathered by literally 100's of 1000's placing flowers and candles on Canadian soldiers' graves and stones... "they never let a whipper snipper touch the headstones..they hand cut the grass with scissors" said an old Canadian Vet in an interview....

It dawned on me then.."They do remember.." The Dutch deliberately keep in sharp focus what it meant to be hunted, starved, and killed during the war. They forget neither those crushed under Nazi occupation at home, nor those who went off to their deaths in battle. The memory is kept alive by public policy and personal conviction. These people realize what it meant to lose their freedom... and remember what it took to get it back...

"To show their appreciation to the pilots who dropped food from the air, many Dutch people painted, "Thank you, Canadians!" on their rooftops. In honour of their gift of freedom Dutch people have donated 10,000 tulip bulbs to Canada for the National Capital Region, annually since the war's end. For 1995, the Netherlands donated an additional 5,000 bulbs for Parliament Hill, 1,000 for each provincial and territorial capital and 1,000 for Ste. Anne's hospital in Saint-Anne-de-Bellevue, Que. (the only remaining federal hospital in Canada, administered by Veterans Affairs Canada) "

from

http://wwii.ca/page52.html

It's tempting to feel the Canadian pride...but then I realized also ...the Dutch challenged my thoughtlessness that day. I am embarrassed about my delinquency as an adult... what the Dutch said that day is true.."It is our duty to remember and to teach future generations what it means to be free..."

How true... I never really got it... but it's not too late to remember..So today, I will reflect on the real price paid for my lifetime of peace, freedom, and opportunity.

Today I set aside my x-rated prose about Wall Street's inner workings; I will hold back my cynicism about politics and the current global economic outlook; and instead nurture memory and appreciation. I will acknowledge the price being extracted today from Canadians serving in far off conflicts.

Today I pray for those who gave everything, and for those being now asked for their all...

Lest we forget....

"Many Thanks" spelt out in tulips...

New Diet..

Starts today... Timestomp this bitches..

4-hour Body by Timothy Ferriss... more like the Costanza diet— everything I've ever known or ever learned about dieting and eating properly officially thrown out the window...

No More Hockey Dad...

Tristan (5 years old): I don't want to play hockey Dad...

Me: well your brothers both play hockey... what are you going to do all winter then if you don't play hockey?

T: I'll just stay at home and make weapons..

My Pricebook: Edmonton Grocery Prices Comparison- May 15, 2011

It's been a busy past few weeks at work and on the markets but I did manage to finish this month's Edmonton grocery price comparison... and surprise surprise this month..for the first time since I started this monthly comparison in February, Superstore has claimed the title for the cheapest grocery cart this month. What was more surprising this month is our cart for both Costco and Superstore cost LESS than it did last month! Hurray!

Our grocery cart at Costco cost $256.28 this month compared to last month's $258.73; $2.45 cheaper than a month ago..doesn't seem like much but it is still 1% drop. Superstore's cart cost $248.85 as compared to last month's $263.12; a $14.29 differential or 5.5% drop!! WOW!!!

But before we get carried away with thinking food prices are finally dropping, we must take into account seasonal spring savings that occur every year of some products such as beef and pork. So, Superstore as well as other grocery chains are able to put on some great sales like they do every spring. Sobey's and Safeway's meat prices were comparable this month also with the great sales they had in the last few weeks. Keep in mind Superstore's prices may include items which have a limit of one or two ie. eggs (limit of one for that price of $2.24) and on the other side of the coin, at Costco one must buy 5 dozen eggs to get the price of $2.28 per dozen.

Seeing gasoline prices and oil prices soar in the last few weeks, one should be aware this will eventually affect food prices in the near future. And seeing, those items that did increase this month are those items that need to be boxed or packaged items such as crackers and juice boxes. Seasonal type items were the ones that decreased in price such as strawberries and steaks.

Keep in mind these prices are for the given date and include all current sales, coupons, and membership pricing programs. All items were priced at Sherwood Park near Baseline road locations and pricing may vary between chain-store locations. I've left last month's prices on the chart below for comparison. Items in green have increased in price from the previous month and items in red decreased in price.

Food Prices Comparison May 15, 2011

My Pricebook: Edmonton Grocery Prices Comparison- April 17, 2011- Food has gone up again!

Well folks, here we go again! We knew food and groceries were going to go up and they did... inflation levels according to main stream media were as high as they were during the oil boom before the recession...and looking around the Costco this weekend, groceries were noticeably higher.

In this month's comparison, I've only included a Costco vs. Superstore comparison but also added last month's prices to see how much both stores have went up compared to each other.

For a comparison of Superstore, the usual clear cut winner when not compared with the bulk buying of Costco, to other grocery stores take a look at this month's CTV Grocery comparison in Calgary by Sylvia Kong here.

This month our cart at Costco cost us $258.73; that's $10.29 more than it cost last month but still managed to beat out Superstore's prices by $4.39. Superstore prices cost us $10.45 more than it did last month. Both Costco and Superstore prices had total percentage increase of 4% over last month's cart prices.

Some prices did come down though... at Costco only 4 items came down in price while 11 items came down in price at Superstore. But, Costco only had 8 items go up in price compared to Superstore's 18 items...

Keep in mind these prices are for the given date and include all current sales, coupons, and membership pricing programs. All items were priced at Edmonton west-end locations and pricing may vary between chain-store locations. Prices in the second column are for April 17th, 2011 and prices in GREEN indicate a price INCREASE and prices in RED indicate a price DECREASE from March 18th.

Food Prices Comparison April 17, 2011

Not a big deal? It's only $10! What's 4%??? Remember all items have been adjusted to per unit sizing for comparison sake; so that 4% increase means my weekly $400 Costco tab cost me $16 more; $64 more this month than last which adds up to another $768 annually IF things don't go up anymore this year which is unlikely. Also, I buy my groceries and pay my bills with after tax monies...I don't recall my net wages increasing 4% lately...

With such drastic increases to our grocery bills as of late along with fuel and utilities going up also, we're already feeling the pinch. It's no wonder reality shows like Extreme Couponing have made clipping coupons across Canada an instant phenomenon. Watching those Americans buy $600 worth of groceries and only paying $4 has inspired many like my wife to watch for online and newspaper coupons much more diligently in the past month... It will be interesting if this trend continues to pick up momentum in Canada..hopefully better deals will offset some of these rising costs of food in the coming months..we will see...

Extreme Couponing... INSANE!

Finally caught my first episode of TLC's Extreme Couponing after hearing all the hoopla about the show.....

I would have to say wow.... I'm still blown away by the show a day after....never did I expect that much could be saved using coupons... seriously I found myself standing yelling and cussing at the TV and my wife.. "WTF???" "Oh Come on!!" " There's no way!!"

The above video shows a woman getting $280.38 worth of groceries and pays only $6.92 after all the coupons! Another lady on the next episode racks up over $1900 in groceries and only pays $101 after her coupons!!! Another carts $680 worth of goods and pays $6.86 in 18 different transactions! Another got $550 of groceries for $6...a 98% savings!!! Crazy.

I mean I've pulled the multiple transactions scam before at the local IGA... sirloin steaks go on sale..$2.99 per kg warehouse packs...great deal but limit of 2 per household....I grab my 2 packs and go home; I come back with the wife and we grab 4 packs at 2 different cashiers...go back in for more at different cashiers... voila.... who hasn't tried that?

But this extreme couponing? The closest I've ever come to those savings was when I loaded up the cart at Superstore and made a run for the doors! I mean I understand the concept..in the US, many of their grocers let people stack their coupons...the stores even have double and triple coupon days... stack them with manufacturer coupons and in-store sales...

Very much like how I stack Airmiles savings... I get so many airmiles for shopping at Safeway; use a in-store coupon for 5 times the airmiles; then use my airmiles reward American Express credit card for even more miles!

The most extreme I've heard was a man went to numerous Safeways for a special promotion on airmiles when you bought cans of Campbell's soup... ie. 100 bonus miles for 1 can, etc. He did the math: bought enough cans of soup to earn the airmiles needed to fly him and his family on a trip around the world... with the airmiles deal, it cost the man less than half the amount it would of if he just paid for the trip outright... It was in all the local newspapers a few years ago and probably got most of us hooked on collecting them and other loyalty points in the first place... he ended up donating the cans of soup to charity and flew his family around the world.

But is this extreme couponing possible in Canada? My wife and I are fairly frugal...we scour our flyers weekly and try to get the best deals we can; we compare prices across most of the major stores, even drive to 2-3 of them weekly...heck I'm proud of the points we rack up with the Costco Executive membership...it is now free plus I get cash back every year and more airmiles with the points stacking! But this stacking of coupons while so seemingly farfetched, is just not available at any grocers in Western Canada like it is in the United States... most stores here restrict the number of promotions you can have on any one item in Canada.. in fact upon some further research only London Drugs from what I have found can you stack coupons... the only rule is the coupons must have different scan codes so they must be from different sources.

I may want to give it a shot at London Drugs in the near future if I can find the right deals but there only so many items that I would want to buy there anyways... do I really need that much moisturizer or bags of chips? So Canadians, it looks as if we're SOL...

Thing is, if we could stack coupons like in the USA, I can understand buying 10 packs of hotdogs..my kids live and breathe hot dogs.. In my part of Canada we are pretty much borderline hoarders with such long winters..most of us buy bulk and freeze everything anyways hence why there's so many of the warehouse type grocers in western provinces.. But, what are you supposed to do with 35 bottles of Maalox anyways..or 40 bottles of mustard... 7 pounds of cheese... if you don't use the items purchased, isn't it a waste anyways regardless of the deal you got on them? Little wonder why "Hoarding: Buried Alive" is aired next on TLC. .

And these "Coupon Divas"? They're like Lex Luthors.... with coupons... Imagine if they were to put their minds to serve the greater good?..."What deficit? And as for Japan... we can clean up and rebuild the whole island for a grand total of.. $5.98!" "Oh wait, we didn't use plastic bags...Japan owes us 39 cents..."

Whammo!.. Here comes Spring...here comes a spike to your power bill...

It's already April... and April Fool's Day is behind us... Facebook walls were disappointingly quiet this year though 24 people wished me a happy birthday on Friday (yes...my birthday is in September for the 3 people who did remember) and most enjoyed my "perverted lamp" profile pic... And, I did enjoy another friend's AF's Day comments on moving to Vancouver for work, voting Liberal, loving the Calgary Flames, and Nickelback, best band ever... anybody who has met him will realize how ridiculous those comments were on Fool's Day...

Anyways, springtime is here and we're feeling confident again! Snow is finally melting with the weather turning around with exception to the snowstorm in Calgary; the Edmonton spring Real Estate market has begun and sales are picking up again; the stock market has been on fire as of late with earnings continuing to show improvement in the economy and remains to look bullish despite slight recent corrections from the Japanese and Libyan events; future job growth looks optimistic after a relatively dismally slow winter with Oilsands activity looking to pick up after announcing several billion dollars ready to be spent on new projects throughout Alberta in the next 5 years.

But amid the good news comes the bad... grocery and food retailers such as Loblaws and Tim Horton's and George Weston have already announced price increases coming as soon as last month due to increased costs in transportation and commodity prices increasing.

Now energy and utility prices are set to rise sharply over the next few months and some suggest for the next few years due to wholesale power prices spiking.

In fact Epcor's floating rates have already been set... announcing electricity rates to increase to 11.763 cents per kWh in April 2011 from 7.093 cents/ kWh in March 2011; a 65.8% INCREASE!!! So looking at my previous electricity bill for March usage.. using 1020kWh of electricity in March; at a rate of $0.07/kWh totalling $71.40 in usage alone. The rate increase would constitute a $119.98 tab if the same amount of power is used for April; hence, a $48.58 jump in my bill!! Suddenly, people probably wished they would have participated in Earth Hour this year a little more diligently (Edmonton power usage rose for 2011 Earth Hour)... well maybe not... turning off the Edmonton-Calgary hockey game in HD and Facebook obviously is a lot harder to do than originally thought despite ambitions to save the world...

Is it time for a contract? Going over Epcor's energy rate archives, I averaged out what the rates were over the past 13 months: power rates only averaged 6.9185 cents per kWh with only 6 of those months going over the 7 cents per kWh I am paying with a contract with Enmax! Estimated savings going with Epcor's floating rate for the last 13 months would have only saved me around $10 but nonetheless it was on average cheaper to keep a floating rate.

But, the new increases are a different story now. Since the beginning of 2011, monthly floater rates have been over the set Enmax rate of 7 cents and with rates jumping 66% and more over the next few months, a contract may not seem like a bad idea now, especially considering most provinces are considering going with time-of-day pricing like that of our US counterparts. Couple that with their ridiculous rider rates and admin fees, we're in for a world of hurt this summer. Here are the current fixed plan electricity pricing for Edmonton area:

Disclaimer: Contract prices may change periodically. Please contact the retailer to verify current pricing.

Fixed price plans

Company	Plan	Electricity ¢/kWh	Gas $/GJ	Comments
One Year
Effective until April 28, 2011	Dual Fuel	8.49¢/kWh	$6.59/GJ	Cancel with 30 days notice. No early exit fees. Admin fee $4.50 for each electricity or gas site(or meter) for dual fuel plan.
Effective until April 28, 2011	Fixed Single	9.99¢/kWh	$6.59/GJ	Cancel with 30 days notice. No early exit fees. Admin fee $9.00/month for single fuel
Effective June 4, 2010	Fixed Electricity	6.5¢/kWh		Cancel with 15 days notice. No early exit fees.
Two Years
Effective until April 28, 2011	Super Flex Dual Fuel	8.99¢/kWh	Flex-Through Price plus $1.50/GJ	Cancel with 30 days notice. No early exit fees. Admin fee $4.50/month for each electricity or gas site (or meter) for dual fuel plan.
Effective June 4, 2010	Fixed Electricity	6.8¢/kWh		Cancel with 15 days notice. No early exit fees.
Three Years
Effective until April 28, 2011	Simple Three Dual Fuel	9.99¢/kWh	$6.99/GJ	Cancel with 30 days notice. No early exit fees. Admin fee $4.50/month for each electricity or gas site (or meter) for dual fuel plan.
Effective until further notice	Flat single or dual energy	7.79¢/kWh	$5.79/GJ	Early exit fee of $75 for each electricity or gas site(or meter) may apply for each year left in the contract term. Admin fee $6.90/month for 1site; $9.85/month for 2 sites plus $2.95/month for more than 2.
Five Years
Effective until April 30, 2011	Fixed Bundle (dual energy)	8.0¢/kWh	$6.59/GJ	Cancel without penalty with one month’s notice, and if our electricity rate drops, switch to the lower rate at any time. Admin fee Same as charged by your RRO provider. If less, then $5.90/month.
	Fixed Electricity	8.0¢/kWh		Cancel without penalty with one month’s notice, and if our electricity rate drops, switch to the lower rate at any time Admin fee Same as charged by your RRO provider. If less, then $5.90/month.
Effective until further notice	Flat single or dual energy	7.99¢/kWh	$5.99/GJ	Early exit fee of $75 per site for each electricity or gas site (or meter) may apply for each year left in the contract term. Admin fee $6.90/month for 1site; $9.85/mo for 2sites plus $2.95/month for more than 2.

Floating price plans

Company	Plan	Electricity ¢/kWh	Gas $/GJ	Comments
Effective until April 30, 2011	Floating Dual Energy Plan	Price matches regulated rate in your area	Flow-through price plus $0.47/GJ**	Cancel without penalty with one month’s notice, and if our electricity rate drops, switch to the lower rate at any time Admin fee Same as charged by your RRO provider. If less, then $5.90/month.
	Floating Electricity Plan	Price matches regulated rate in your area		Cancel without penalty with one month’s notice, and if our electricity rate drops, switch to the lower rate at any time Admin fee Same as charged by your RRO provider. If less, then $5.90/month.
Effective June 4, 2010	Basic Plan: Floating Energy Price	Flow-through price plus 1¢/kWh*		Cancel with 15 days notice. No early exit fees. Admin fee $4.00/month

*Flow-through prices for electricity are based on hourly Alberta Pool prices with additional charges to reflect line losses and unaccounted for energy, load shaping and administrative fees.

**Flow-through prices for gas are based on daily wholesale market prices in Alberta with additional charges to reflect transportation charges and administrative fees.

Expect these contracts to end soon with wholesale electricity prices spiking like they have. Beware of scammer door to door sales of these services also. Just Energy, formerly Alberta Energy Savings, were recently investigated for their salespeople signing fraudulent contracts that homeowners did not approve of; so read your contract carefully and don't agree to anything without doing your own DUE DILIGENCE first!!!

Other alternatives? Back during the natural gas deregulation days and spikes up to $13/GJ rates circa 2003, I countered energy price spikes by buying energy and royalty trusts that paid me monthly dividends directly to me or into my trading accounts. But, doing that now, with the new royalty trust rules in Canada since January 2011 is not as lucrative as it once was as the distributions are much more heavily taxed now and distributions are less because of that.

But, as rates increased so did the payouts as utility companies were collecting more, they paid out more to its unit holders. And, holding the power and utility companies such as TransAlta, Capital Power, and Canadian Utilities may not be such a bad idea as most pay a 5-8% yield at current price; Canaccord believes with the demand growth for electricity, they expect utility company yields to also rise with electricity pricing increases. So, an investment of $12,950 for 500 shares of Capital Power (CPX-T) at Friday's closing price of $25.90 per share will bring in a gross $157.50 every 3 months (or $52.50 per month) plus some capital gains; it would counter the increase in your electricity bill if you don't include the dividend taxes and transaction costs.

Or you can install solar panels for your home that supply the electricity you need and feed extra unused energy back into the grid giving you some extra revenue dependent on your electricity provider. But, expect to pay out an initial cost of $20K- $80K for the installation. A fellow I talked to recently, installed solar panels on his acreage lot 7 years ago for about $45,000 CDN cost; he says this year his solar panel system will be paid off via the rebate cheques he has received from TransAlta Utilities and electricity savings. A seven year 100% return on investment is a pretty good deal; that's like getting a 10% yield compounded annually on a GIC held in your TFSA! But, I do doubt a residential solar option is hardly feasible with its high installation costs compared to its small output size for a residential home and its longevity has yet to be seen though Home Depot has 20 year warranties on their solar panels they sell, I could imagine the boys putting a hockey through one; though it is worth looking into to save a few bucks long term and perhaps do our part in saving the world...

How to look at these increases in almost everything? Well... it hurts..this year in particular I have noticed it is much harder to save money than ever before!

In the grand scheme of things...if a loaf of bread dropped to 89 cents per loaf, is that cheap enough for you? How about gas at the pump being 49.9 cents per litre instead of the 110.9 we see now? Average home price in Edmonton $124,094.00? It would be great no?

Well, you still couldn't afford those at those prices if you weren't working.... That's what they were during Alberta's dip in the economy circa 1996...

My tax return filed for 1996 reported 9 different companies all over Alberta and BC that I had worked for that year and still included $8399.00 in UI benefits paid out (about 20 weeks of unemployment cheques) totalling $33,914.45 BEFORE tax income for that year!! The wife's income (fiancee at the time) was $23,882.36 before taxes working full-time for an entire year! Together as a household we would have pulled in only $57,796.81 BEFORE taxes and were looking to purchase a home and save up for our wedding the following year..... The Canadian dollar averaged $0.73033USD... meaning our household income in 1996 was comparable to those earning $42,210 in the United States! And considering we pay our expenses with after tax money, we didn't have much back then... and, we were better off than most of our peers too!

Yeah, I think I'd still much rather have the situation we have now... utilities going up..bring it on!

Unless of course, I lose my current job... then uh-oh....it may seem though that Ft. McMurray may be in my near future if the bills keep rising like this.... and why did it seem we had so much more disposable income back in 1996???

Happy April Fool's Day everyone!!

Yeah... the ol' "wife's pregnant again" and "RIP Jackie Chan" was getting old....

And for my Facebook friends: not that I'm disappointed that you all need facebook to tell ya when my real birthday is but did everyone forget today is April Fool's Day too?? What a sorry exhibition our Facebook walls were today....Where's all the good pranks???

Well...cat's outta the bag..and before noon as per official AF's Day rules... I'm glad you all liked my "perverted lamp" profile pic at least....