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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
How to Play the Oil Crunch
There are stocks you want to own - and stocks you don't - when oil prices are on the rise. As Investment Reporter ANDREW BELL finds, surging energy prices aren't the end of the world for investors, as long as they make the right moves.
By ANDREW BELL
It's beginning to look like another oil shock.Crude traded at more than $31 (U.S.) a barrel in New York this week, down from a 10-year high of almost $38 in September but still up 30 per cent in a year.
Independent study nurtures Nestor
TONY MARTIN profiles a high-school dropout who loves reading corporate histories
By TONY MARTIN
Nestor Krawec got introduced to the independent study approach to education at an early age as the only child of a poor Ukrainian subsistence farming family in Manitoba. ''We'd grow grain and chop a chicken's head off to feed ourselves on Sunday.''
The long and short of selling short
How can investors make money in a slumping market? It's easy: Sell stocks short. Beware, though - it's a strategy that's fraught with risk.
By DAVE EBNER
As North American equity markets flounder and blue-chip and technology giants issue profit warning after profit warning, short-term stock returns have been weak. But there are ways to make money in a market headed south and one of the more popular is to sell short, a risky but sometimes profitable strategy.
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.
Making allowances teaches kids about money
By GAIL VAZ-OXLADE
The return to school brings all sorts of new routines for kids and their parents. A great new routine to establish if you haven't already done so is the allowance. Learning to manage money is an important part of a child's education, and an allowance is one way to put money into your children's hands so they can learn the rules of money management first hand.
How to check if you're really self-employed
By TIM CESTNICK
It's not easy being an employee. Employees often get little respect. Just ask Mary Hodgdon who, in November, 1993, sued her employer, Mount Mansfield resort in Vermont. The resort, which was trying to improve its image to four-star status, fired Ms. Hodgdon because she refused to wear her false teeth, which she said were painful. Wrote the resort management: ''Employees are expected to have teeth and wear them daily to work.'' No respect.
The oil sector is the best refuge from energy shocks
By JEFFREY RUBIN
After rising for 140 years, world oil production is about to peak, ushering in a new era of energy inflation.With global energy demand about to hit a supply wall within the next couple of years, soaring energy prices are increasingly going to dictate investment strategy.
Take two minutes to study this struggling portfolio
By ROB CARRICK
Curse you, resource stocks!Without duds like Alcan Aluminium Ltd., Abitibi-Consolidated Inc. and Barrick Gold Corp., the experimental stock-picking strategy called the two-minute portfolio would have had a respectable showing in the first nine months of the year.
At last, managers are beating the S&P/TSE 60
By DUFF YOUNG
It was a long time coming. But the return to glory of Canada's active fund managers has come in with a roar, thanks to a decline of well over 20 per cent in giant Nortel Networks Corp., which has dragged the S#P/TSE 60 down 9 per cent in just over four weeks.
STARS & DOGS
A selection of this week's winners and losers Compiled by Dave EbnerWHO'S HOTDerek Burney After watching Mike Cowpland nearly blow his corporate brains challenging the world's favourite monopolist, Derek decided on a different tack: Getting in bed with Beelzebub Bill himself. News Corel sold a quarter of the company to Microsoft this week sent its flaccid shares soaring. Burney's position as company president was made permanent after he pulled off his little magic trick.
A look at what the hot fund managers are buying
By ANDREW ALLENTUCK
In the fund business, reincarnation doesn't come much clearer than the move of Laketon Premium Growth American Fund to top quartile among U.S. equity funds sold in Canada with a return of 88.5 per cent for the 12 months ended Sept. 30. Almost seven times the 13.1 per cent return of the Standard & Poor's 500 composite index in Canadian funds.
stockscores.com makes an admirable attempt at making technical analysis work for you
By ROB CARRICK
If you buy stocks, you're likely to realize at some point that you could really benefit from an understanding of technical analysis.Maybe the best thing to do when this happens is to lie down and wait for the feeling to pass. If you still want a challenge, try something easier like reading War and Peace in the original Russian. Yes, technical analysis is that confounding. What a help it would be to find a resource that would simplify the subject to a point where you could actually put it to work for you.
ASKED & ANSWERED
Each week we'll answer readers' questions on personal finance topics.
By ANGELA BARNES
Question: How do you buy corporate bonds? Answer: Generally, you buy them the same way you buy equities -- through a broker. Question: What happens to my shares in Nelvana Ltd. when the new company takes over? Answer: Normally we don't answer questions about specific stocks, particularly when we are asked for an investment opinion since we aren't analysts. However, there are some such questions that raise issues that are of a broader interest and this is one of them.