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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
Have RRSPs Had Their Day?
Registered retirement savings plans have long been the sacred cow of Canadians' personal finances. But as ROB CARRICK discovered, there are clear advantages to investing outside an RRSP -- not least of which is the recent cut in the capital gains tax.
By ROB CARRICK
If there's one truth we hold to be self-evident in the field of financial planning, it's that registered retirement savings plans are the key to a secure retirement. You'll never get into serious trouble with RRSPs, but you have to recognize one hard truth about them.
From Saturday, November 11, 2000
Couple needs to budget on $350,000 a year
By ANDREW ALLENTUCK
Max and Elizabeth Robertson (not their real names) ought to be living the Canadian version of the good life.A 40-year-old surgeon in Eastern Ontario, he earns $350,000 a year before taxes. Of that, $50,000 goes to Elizabeth, 39, for services she renders to the practice. After tax, they clear $210,000 a year.
From Saturday, November 11, 2000
Parental leave isn't all it's cracked up to be
Parental leave programs in Canada resemble a patchwork quilt, varying widely from province to province. Albertans get the worst deal while, Quebeckers the most.
By GAIL VAZ-OXLADE
You've no doubt seen all those ads on television explaining the government's new maternity leave provisions. Under Employment Insurance, parental leave benefits are being extended from 10 weeks to 35 weeks. EI will also provide 55 per cent of insurance earnings, up to $413 a week, for 15 weeks of maternity leave (which, of course, is available only to birth mothers) for a combined maternal/parental leave of up to 50 weeks. That would provide children with almost a whole year of parental care.
From Saturday, November 11, 2000
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.
From Saturday, November 11, 2000
More advisers step away from pack and forgo fees
By ROB CARRICK
Frank, you're not alone.As you'll know if you read last Saturday's Personal Finance column, Frank is a financial adviser who sells mutual funds to his clients with no load fees of any kind. Concerned about getting flak from colleagues, he asked that his real name not be used.
From Saturday, November 11, 2000
How to take advantage of an RRSP beyond the age of 69
By TIM CESTNICK
Roy and Bea are clients of mine. Roy turned 69 this year, while Bea is 67.I met them again this week, and Bea was obviously frustrated with Roy. She claims he's been procrastinating in getting his flu shot.
From Saturday, November 11, 2000
Think twice before you give your child an advance
By GAIL VAZ-OXLADE
After my last column on allowances a mother e-mailed me to find out how to handle requests for an advance. She's given her son several advances and the requests are now coming fast and furiously. She figures her kid will be into his 2004 allowance by the end of this year.
From Saturday, November 11, 2000
Buying thinly-traded stocks is an art form in itself
By BENJ GALLANDER and BEN STADELMANN
Choosing the best price to bid for a stock makes a dramatic difference in terms of overall returns. Many overanxious investors select the market price to make their play, deciding they must have the stock now. While this does guarantee a purchase, it rarely garners the best value. This is why we seldom do it.
From Saturday, November 11, 2000
A look at what the hot fund managers are buying
By ANDREW ALLENTUCK
Investors North American Growth Fund has made all the right moves, with a portfolio that's about half U.S. large-capitalization stocks and half Canadian large caps. At the end of October, it was up 11.2 per cent for three months and 10.7 per cent for six months, making it the No. 1 North American equity fund for each period.
From Saturday, November 11, 2000
ASKED & ANSWERED
Each week we'll answer readers' questions on personal finance topics
By ANGELA BARNES
Question: When I sell a stock to take profits, the stock goes down. Is there a waiting time before I can buy back in? Please explain the how and why. Answer: First, honestly, we didn't make this question up. Next, we suggest that some people playing the market these days may have some problems understanding just how the market works and might be advised to read a basic book on investing before they do too much more in the market.
From Saturday, November 11, 2000
How to track what the insiders are doing
By ROB CARRICK
ca.finance.yahoo.com adviceforinvestors.com insiderSCORES.com When evaluating a stock, it's often useful to know what people who are really familiar with the company think.Maybe you were expecting this to be a reference to analysts. Wrong. There's nothing wrong with checking the analysts' consensus views on a stock, but it's sometimes hard to trust those guys because they have a tendency to say nice things about companies that generate underwriting and advisory revenues for their firm.
From Saturday, November 11, 2000
STARS & DOGS
A selection of this week's winners and losers compiled by Andrew Bell STARS
By ANDREW BELL
TransAlta $21.90, up $1.80, (TA - TSE) Wasn't too long ago, owning this thing was about as much fun as waking up on the roadside at 5 a.m. in a wet pair of boxers. Everybody thought the utility would axe its dividend as competition squeezed profits. But earnings are rising again as the company invests in projects outside Alberta -- including a giant power plant in Ontario's picturesque toxic waste capital, Sarnia. *** *** Dynamic Infinity Wealth Management $12.57, up 56.7% this year For a while there, it looked as though a fund that invests in mutual fund companies was kind of a bad idea. Kind of like the time you did a silly mincing, effete imitation of those construction workers and tried to run away. But fund stocks are sizzling as management companies devour each other.
From Saturday, November 11, 2000
HOME BASE
From Saturday, November 11, 2000
WHO'S HOT
Donald Stewart Poor wee Donnie was born in a humble crofter's turf hut on the Isle of Arran. Didnae wear shoes until he was 12 because his parents could never afford feet. Stowed away on a filthy tub to Canada and got a job scraping the dust off term-life policies for Sun Life. Now he's chief executive officer and Sun Life stock's up 180 per cent since the company went public in March. Donnie's thinking about renting a smile.
