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The Globe and Mail's Globe Investor section (which replaced Net Worth) is dedicated to giving you what you need to manage your personal finances successfully. Globe Investor appears every Saturday in The Globe and Mail and on globeinvestor.com. View our archive of past Globe Investor issues.
TOP STORY
Frankenfund Lives!
Beware the Frankenfund, that long-term loser that never seems to be able to get its act together. Here's a primer on what makes a fund a perpetual laggard, and what investors should do about it.
By ANDREW ALLENTUCK
Sometimes funds hit a rough patch. And then there are the Frankenfunds, those woeful monsters that stagger through the years, racking up consistently awful numbers.Investors who've invested in these funds over the years -- especially those who have stuck loyally with them in hopes of a turnaround -- know how painful an experience it can be.
Financial planner finds a real chat-room gem
By TONY MARTIN
''Yes, the picture's changing Every moment And your destination You don't know it.'' -- Avalon by Bryan Ferry.Little did Clive DeSouza know just how prophetic choosing Avalon as his handle for Internet stock chat forums would be.
Check your feelings about Nortel before buying i60s
By ROB CARRICK
Welcome to Nortel hell.This greeting goes out to all the people who are involved in index investing, Canadian-style. If you want to play our stock market, roughly 35 per cent to 46 per cent of your investment is going to be in one company, Nortel Networks Corp.
Think oil prices are high? You ain't seen nuthin' yet
By JEFFREY RUBIN
By any measure, the rise in crude prices over the past 19 months qualifies as an energy shock as great if not greater than either 1973 or 1980. In fact, this summer's rise in gasoline prices is the greatest on record.
In-trust accounts: You get what you pay for
By TIM CESTNICK
I can still remember the embarrassing event like it happened yesterday. I was in third grade, and my dad refused to pay much money for my baseball glove because he wasn't sure I'd use it much. So he bought me one of those plastic Charlie Brown gloves. You know, the kind you can't get your hand into and won't close even if you could. The glove doubled as a shovel at the beach.
STARS & DOGS
A selection of this week's winners and losers compiled by Andrew Bell WHO'S HOTJohn Cleghorn It's enough to warm the flaccid tubes of your cold old heart. Not so long ago, Royal Bank chairman John was like a sad flea-bitten circus goat in a grubby neck-ruff and dented hat. Couldn't manage the tricks the other animals did -- no flashy Internet stuff, zero foreign presence, zippola on Wall Street. But look, John's prancing up a storm on his damp little hooves these days, to ecstatic applause from shareholders. Profits have soared as cost-cutting John chews away at the branch network. Royal stock is up 47 per cent this year and that ain't hay.
A look at what the hot fund managers are buying
By ANDREW ALLENTUCK
In August, the Clarington Navellier U.S. All Cap Fund gained 22.1 per cent in its U.S. form, and 21.1 per cent in its Canadian dollar version, making it the best performing U.S. equity fund sold in Canada in the period. That was a significant turnaround from its performance for three and six months ended July 31, when it ranked near the bottom of returns for more than 300 U.S. equity funds.
