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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.
Retired executive plays markets with energy, discipline, TONY MARTIN finds
For most of his working life, Fred Hermesmann was a finance executive at Univar, a chemical distributor.Now that he's retired, the 67-year-old has certainly been keeping mind, body and soul active. He's a regular golfer, sings in the choir at a church near his home in Delta, B.C., and has written a book about spirituality, called Dialogue With An Angel.
Uncertainty rules in the trust world right now. If your response to this is to opt out, then you'll have to look elsewhere for the rich streams they pay through monthly distributions. Prepare to compromise, ROB CARRICK writes
You've lost your trust in income trusts. So what's next?Dividend growth stocks are a good option if you have a long investing horizon. High-yield bonds are worth a look, too. And, if the current volatility in the trust market hasn't totally put you off these securities, then you might consider a mix of income-generating mutual funds.
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 PACE Savings and Credit Union3.90Ontario Civil Service Credit Un.3.95So-Use Credit Union3.95Comtech Credit Union 3.99ICICI Bank Canada4.30Average rate5.03
I was going over some notes in my office when my friend Bertie the gold trader barged in and threw a printed page on my desk.''Here!'' he pointed. ''Why don't you buy this tech stock? Their president just said they'll have a good year but the stock didn't move yet.''
A weekly examination of the thinking behind a specific trade in the stock, bond or currency markets.Here's a piece of advice many income trust unitholders haven't heard lately: Don't panic.
A selection of the past week's winners and losers
DOGSLinamar Being an auto parts supplier these days is almost as much fun as getting your foot run over by a Suburban full of sumo wrestlers. Linamar, which makes parts for engines, transmissions and chassis, expects flat earnings in 2006, partly because of the high Canadian dollar.
