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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.
Stock reports are essential tools for investors, ROB CARRICK writes. Here's how to find out what analysts are saying
In today's depressed interest rate environment, the 5.4-per-cent dividend yield on the common shares of Manitoba Telecom Services Inc. is huge.To get a return that high from an investment-grade bond, you'd probably have to look at something that doesn't mature for 10 years or more. The best you'll get from a bank or credit union guaranteed investment certificate these days is 4.6 per cent for five years.
Blue-collar blues: A machinist finds that inflation has eroded his retirement plan
At the age of 50, a man we'll call Stephen has planned his retirement for age 55. A machinist for a major corporation in British Columbia, he has a gross annual income of $90,000, drives a late model truck and a classic Harley motorcycle, lives in a house worth $260,000, and has $130,000 in financial assets plus a pension that will pay him $27,900 when he retires.
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 Metro Credit Union 3.69PACE Savings and Credit Un.3.7ICICI Bank Canada3.75ING Direct3.75Ukranian Credit Union 3.79Average rate4.593-YEAR CLOSED Citizens Bank of Canada4.4ResMor Trust 4.44Steinbach Credit Union 4.5Alberta Motor Assoc. 4.58GMAC Residential Funding 4.60Average rate5.43
This week, my investment club met at our place. My wife Carolyn made things festive by heating up some concoction on the stove, not for consumption (unbeknownst to me), but to make the house smell like hot apple cider. Definitely a woman's thing. No guy would think of doing this.
A selection of this week's winners and losers
MGP Ingredients (Dog)$7.24 (U.S.), down $2.56MGPI - NasdaqNow that the Atkins crowd has rediscovered the joy of starch, MGP is stuck with a warehouse full of low-carb products you couldn't force-feed a starving basset hound. Investors could be swallowing a writedown.
