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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
Bulls versus Bears
This is a market that inspires extremes among investors. The bulls see a great buying opportunity in the shelled-out sectors; bears say it's time to run for cover. DAVE EBNER polled experts on both sides of the debate and put together a bull and a bear portfolio.
By DAVE EBNER
October, that dark month of devastating crashes, has once more lived up to its reputation. The question, however, is what's next? And, more importantly, what should investors do to ensure the best returns in what could either be a strong or weak market?
PEG-ing a value on growth stocks
How much are you willing to pay for that high-flying company's spectacular growth? Looking at PEG ratios is a smart way to start answering that crucial question
By ANDREW BELL
Believe it or not, battered Nortel Networks Corp. is still pretty expensive. At least, it's richly priced in terms of its ''PEG ratio'' -- price-to-earnings-growth -- a valuable benchmark for judging stocks that more and more investors have taken to using.
Road lures couple saving for retirement
By CATHERINE MULRONEY
Arthur and Elizabeth Wilson (not their real names) hear the call of the open road. The Wilsons, each 52, want to cut loose and have some fun. They hope to buy a sport utility vehicle and some camping equipment to travel around the country within the next couple of years. They also want to take a trip to Europe when their house is paid off.
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.
There's a lot more to the TSE than just Nortel
By ROB CARRICK
To buy Nortel Networks, or not to buy.That's the question many investors have been asking themselves since Nortel shares lost 26 per cent of their value on Wednesday.
Dealing with declining stock prices
By TIM CESTNICK
Paul is a friend of mine and a full-time investor. That's right, he makes his living from buying and selling securities. After earnings announcements made earlier this week by Nortel and a few other hi-tech companies, and the ensuing price corrections, I just had to give Paul a call. I wanted to see how his nerves have been.
Concentrated funds make more sense, and more money
By DUFF YOUNG
So many stocks. So little guts.That's what most people think when they see a mutual fund with positions in 100 or more stocks. Why pay for active management in an era like this if the managers' picks are so diluted?
HOT HAND
A look at what the hot fund managers are buying
By ANDREW ALLENTUCK
The Georgian Partners Northern 24-B Fund won't win titles for catchy names, but the $1-million portfolio, established in January, has topped the returns of all 365 Canadian equity funds for the six months ended Sept. 30, with a gain of 27.6 per cent. That's almost three times the 9.75-per-cent average gain of Canadian equity funds in the period.
Sometimes stocks will move by sheer luck alone
By BENJ GALLANDER and BEN STADELMANN
It's amazing how every little bump and dip in the stock market demands an explanation. There are plenty of good reasons on offer: Portfolio window dressing, relief rallies, profit taking, housing starts, employment reports et cetera are all part of a lexicon to provide justification for the day's market action. But you will never hear an analyst say, ''The market went up 50 points due to a random statistical blip.'' The idea that chance is a factor in stock prices seems to fly in the face of common sense.
STARS & DOGS
A selection of this week's winners and losers Compiled by Andrew BellSTARSEnbridge $38.95, up $3.70, (ENB -- TSE) Probably made a mistake devoting your career to experimental erotic body-piercing. Should have gone into pipelines and natural gas distribution. The grey plodders running this thing make more money than a banana split salesman at an orangutang convention. Profit hit $199-million in the second quarter. By the way, those rings and metal studs. Don't they, like, sting when you...
ASKED & ANSWERED
Each week we'll answer readers' questions on personal finance topics
By ANGELA BARNES
Question: I recently read an article about companies buying their own stock. I know these companies must report to the Ontario Securities Commission and that this information is in the OSC's Bulletin, but I have a great deal of trouble finding this information. Does it appear in The Globe and Mail anywhere? Answer: Companies usually signal their intention to do a share buyback, as it is known, by issuing a press release stating the maximum number of shares to be purchased, the percentage of the outstanding shares that represents, the price it will pay and the period over which the offer will remain open. Companies may also send a circular to shareholders.
HOME BASE
By RANDY RAY
WHO'S HOT
Raymond Gilmartin Most U.S. drug company bosses have the morals of diseased Gila monsters -- only they're not quite so cute. But Merck chief Ray is a true eccentric: A pharmaceutical exec who wants to do something to reduce drug costs for the poor. Not, of course, that Ray's forgotten what really matters: Profit soared 22 per cent in the third quarter and Merck shares are up 30 per cent this year. The company's ''improving the lives of millions,'' Ray coos. ''Yeah, that's great, Mother Theresa,'' investors grunt. ''What about a dividend increase?''
