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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
Tech Fire Sale?
The tech sector has gone from hero to zero in a frighteningly short period of time. With stocks well off their highs, is it time to dip back in? As SHIRLEY WON discovers, many market watchers say yes, although risks abound
By SHIRLEY WON
The day before the technology-laden Nasdaq composite index plunged last week to its lowest close this year, portfolio manager Duncan Stewart called his mom in Vancouver, and told her it was time to buy his technology fund.
New rules undercut segregated funds
Once wildly popular, seg funds are looking less and less attractive these days
By GAIL VAZ-OXLADE
Segregated funds -- once the darlings of the insurance industry -- aren't looking quite so snappy these days. Guarantees and resets -- two of the features that drove up the popularity of seg funds -- are losing much of their sparkle, and these investment jewels are fading, some right out of existence.
Late joiner to stock party pops cork on risk
TONY MARTIN profiles an investor who regrets letting others manage his money for so long
By TONY MARTIN
The words ''Chateau Lafitte-Rothschild'' roll off John Chapman's tongue lovingly. Not too surprising, given that his three bottles of some of France's finest cost him $200 a pop. But he hasn't actually given them the ''pop'' just yet, he's hoping for a much bigger bang, planning on selling them many years out for several times their cost.
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 loans - 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.
How to take advantage of mini-budget provisions
By TIM CESTNICK
I don't know about you, but I've been insulted at least twice this week. On the first occasion, I offered to make my wife breakfast. She turned me down and simply asked for a bowl of cereal. You see, I once fed her a freezer-burned burrito for dinner. She's done the cooking ever since.
Book tells how fund firms really work
By ROB CARRICK
The more you know about mutual funds, the more cynical you get.A perfect example: Daniel Stoffman's new book, The Money Machine, How the Mutual Fund Industry Works -- and How to Make it Work for You (Macfarlane Walter # Ross; $34.99).
A U.S. dollar brokerage account pays off big time
By JEFFREY RUBIN
If we listen to the finance minister and his legion of loyal economists, things just couldn't be better. The ''fundamentals'' are rock solid: Swelling federal budget surpluses, low inflation and a surging economy. In short -- the land is strong.
HOT HAND
A look at what the hot fund managers are buying
By ANDREW ALLENTUCK
In the turbulent days of mid-October, the Spectrum Dividend Fund won the 30-day dividend fund sweepstakes with a return of 0.52 per cent for the period ended Oct. 13. Not much of a gain, but Spectrum Dividend (together with its segregated fund versions) was the only dividend fund that did not wind up in red ink in the period.
STARS & DOGS
A selection of this week's winners and losers STARS
Celestica CLS-TSE $118.60, up $16.90 When it comes to glamour, the annual Sun Microsystems Supplier Performance Awards really can't be beat. And the glory of victory is something else. Celestica was the belle of the ball this week in San Jose, taking home the Outstanding Performance award and the Meritorious Performance award, the two supplier awards for excellence. Way to go Celestica!
Stock research that may overwhelm you
By ROB CARRICK
www.multex.com www.worldlyinvestor.com You can either go onto the Internet to research stocks, or you can have the Internet come to you.If the latter option interests you, by all means check out a pair of Web sites called Multex Investor and worldlyinvestor.com.
ASKED & ANSWERED
Each week we'll answer readers questions on personal finance topics
By ANGELA BARNES
Question: How many equity issues trade on the Toronto Stock Exchange? Answer: We couldn't help but wonder if you had a bet going on this one or is it just that you enjoy trivia? Anyhow, here is the answer. The TSE has 1,726 issues that trade on it and 93 of that number are trust units. Question: What is capitulation? Answer: We pondered over this one and still aren't sure what the reader was referring to. He or she might indeed mean capitulation in a stock market sense. Market watchers sometimes use the term to mean that a stock or an index has finally given in to overall upward or downward pressure in a sector or market.
WHO'S HOT
Scott McNealy Scott's company, Sun Microsystems, was so excited about its fiscal first-quarter numbers that it posted the results on the company's Web site before the numbers' were officially released. Oops. But, really, the gaffe's minor and pretty much totally overshadowed by the company's blowout numbers, which bested even Wall Street's most bullish estimates. Sun's revenue was up 60 per cent year-over-year, a figure Mr. McNealy's peers can only drool over.
