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The Globe and Mail's Smart Money section is dedicated to giving you what you need to manage your personal finances successfully. Smart Money appears every Saturday in The Globe and Mail and on globeinvestor.com.
There are steps you can take to find out which of your funds are keepers and which aren't, writes ROB CARRICK
You have a money-losing mutual fund on your hands, but you're sticking with it. Are you a sensibly patient investor or a patsy?Learn to know the difference and you can save yourself from losses in your portfolio that may take years to heal. Here's an idea of the mathematical logic in play here: If you invest $1,000 and lose 25 per cent, it takes a 33-per-cent gain just to break even.
This week, TONY MARTIN profiles a twentysomething wife and husband determined to find a better way to work and live
A conversation with Jedidiah Liu and Kasey Wong makes you feel like you're a guest on a Canadian version of ''Regis and what's-her-name Live!'' The two kibitz, excitedly add to each other's stories and, over all, make you feel like they're powered by part remarkable synergy and part extraordinary energy.
A weekly scorecard of some of the lowest and highest rates and yields across Canada.
MORTGAGESThe lowest rates posted for one, three and five year closed mortgages.1-YEAR CLOSED ICICI Bank Canada3.75PACE Savings and Credit Un 3.75Ukranian Credit Union 3.79ING Direct 3.8Ontario Civil Service CU 3.80Average rate4.693-YEAR CLOSED Citizens Bank of Canada4.7DUCA Financial Services4.7ING Direct4.7Manulife Bank4.7Steinbach Credit Union 4.70Average rate5.46
Sometimes investors have to take the bad with the good. The good? Sometimes you make money. The bad? Sometimes you don't.My next two articles will talk about my top dozen year-end strategies for dealing with capital gains and losses. Today, let's start with tips on capital gains.
A selection of this week's winners and losers
(Star) Algoma (ALG-TSX)$27.17, up $2.17Investors are flocking to steel stocks like a two-year-old to a Teletubby. What's not to love? High demand, rising prices, massive industry consolidation. But another question looms: Will ALG be among the buyers or the targets?
