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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.
ROB CARRICK uncovers some low-fee gems in the product lineups of large mutual fund firms
It has long been a general rule that the biggest of the big mutual fund companies are as relevant to cost-conscious investors as fast-food restaurants are to healthy eaters.
Investor took big loss after increasing her house mortgage to invest in market
A woman we'll call Jenny ought to have her financial house in good order. A long-term employee of an Ontario municipality, she lives near Toronto and earns a gross income of $43,334 a year. Now 48, she estimates that she will receive a $21,000 annual pension when she retires. Jenny wants financial security, but a trip into the stock market proved disastrous for her retirement plans.
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 3.75Ukrainian Credit Union 3.79ING Direct 3.80Ontario Civil Service CU 3.80Average rate4.693-YEAR CLOSED Citizens Bank of Canada4.6DUCA Financial Services4.7ING Direct4.7Manulife Bank4.70Steinbach Credit Union 4.70Average rate5.45
If you're like many investors and have some losers in your portfolio, do your best to make lemonade out of those lemons with the following tips on dealing with capital losses.
A selection of this week's winners and losers
Rothmans (Star)$38.01, up $1.43(ROC - TSX)Fun with smoking: 1) Blowing smoke rings; 2) Making new friends in 20-below weather; 3) Pondering what Rothmans will do with the $5.50 a share of cash on its balance sheet, such as make an acquisition or declare a special dividend.
