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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
The Bear Facts of October
It's back -- October, a month of chills and thrills for investors around the globe. As DAVE EBNER discovers, no one seems to know exactly why October produces such enduringly nasty moments, but there's no shortage of pet theories.
It looms. Like dark storm clouds on a near horizon, October has time and again let loose its fury, assaulting markets and erasing billions in past gains in a single day. It's a mischievous month, images of spirits and goblins abound, and though market watchers don't have a full explanation for October's history, the debacles of years past are not easily forgotten.
B.C. couple dream of Portugal B&B
By ANDREW ALLENTUCK
Shane and Mary Best (not their real names) are doing well on combined incomes of $80,000.In their mid-thirties with no kids, no debts, $140,000 in their registered retirement savings plans and $60,000 in other investments, they're free spirits with a yen to travel.
It's not so simple to hire a nanny
By GAIL VAZ-OXLADE
When Hilary D. got a call from the taxman informing her she was being audited, she was a little surprised. As a secretary with a large law firm, she had little reason to wander into Canada Customs and Revenue Agency's sights.
NET WORTH - BEST BUYS
A weekly scorecard of some of the lowest and highest rates and yields across Canada. The survey of mortgage, GIC and car loan rates - taken from a sample of companies by Cannex Financial Exchanges - covers posted rates only, so consumers may be able to haggle for a better deal at some financial institutions.
ADRs make your investments a little more worldly
By ROB CARRICK
Investors looking for opportunities in the potentially explosive area of wireless telephone service are sure to hear a lot about Finland's Nokia Corp. and the British company Vodafone Group.
High Liner's turnaround is as elusive as a mermaid
By BENJ GALLANDER and BEN STADELMANN
''Ever been to sea, Billy?''Argghhhh, we have Captain, and it can be a mighty choppy trip. It was in 1993, though it seems like nearly a lifetime ago, that High Liner Foods Inc. (HLF--TSE) joined our portfolio at a cost of $5.94 a share. With a current price of $4.50, this might seem to be a strange exercise in buy and hold.
HOT HAND
A look at what the hot fund managers are buying
By ANDREW ALLENTUCK
In a startling move to the front of the pack of 350 Canadian equity funds, the Guardian Group of Funds' Centurion Canadian Value Fund has become the No. 1 performer for the six months ended Aug. 31.
STARS & DOGS
A selection fo this week's winners and losers
compiled by Andrew Bell WHO'S HOTGalen Weston Mega-billionaire grocer Galen -- boss of the booming Loblaw empire -- is Canada's closet thing to royalty (apart from Shania, of course.) Chap's so aristocratic, the Queen has to book an audience with him. With Loblaw stock up nearly 30 per cent this year, investors reckon Galen should make her wait out in the drafty hall. With those smelly little Corgis.
U.S. funds flog products, services south of the border
By GORDON POWERS
Trolling the Internet, on behalf of a client, we recently unearthed several U.S.-based fund web sites that should be of interest to forward looking Canadian investors. Although many of the products and services they flog aren't currently available on this side of the border, expect to see similar offerings from Canadian vendors in the coming months. Here's a cross section: www.findafund.com Find-a-Fund bills itself as an unbiased, independent site designed to help mutual fund investors make informed decisions. It makes money through ad sales, but isn't affiliated with fund management companies.
ASKED & ANSWERED
Each week we'll answer readers' questions on personal finance topics.
By ANGELA BARNES
Question: What is a P/E ratio? Answer: It is hard to read the financial press or any analyst's report without running into references to a P/E ratio or multiple. It is one of the most common measures used in stock analysis. Stock XYZ is trading at such a low multiple; surely someone will take them over, analysts may say. Or stock 123 is soaring; its P/E is 1,000 times and it can go even higher, others say.
