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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.
Investing publications offer a lot of 'buy' suggestions, but often don't follow up on how well they've done. ROB CARRICK decided to check a few of them out
Mainstream investing newsletters do some fine work in suggesting stocks and funds for readers, but most of them are weak in the area of accountability.The typical newsletter offers a whack of picks each issue, and then lets them float off into the ether. Readers may see the occasional update, but for the most part there is no precise accounting of money made and lost.
Eight contestants vying for fame not fortune in annual investing challenge
A champion high-school stock picker is taking on a pack of pros in our 10th annual My One and Only stock-picking contest.This year we welcome to our competition Jason Snow of Thornlea Secondary School in Thornhill, Ont., winner of the most recent Wilfrid Laurier University high-school stock-picking contest. Jason was a one-person team at Thornlea, which has defeated high-school teams from across the country an unprecedented six times.
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 Union3.93Ukrainian Credit Union3.94Comtech Credit Union 3.99Ontario Civil Service Credit Un.4.15So-Use Credit Union4.20Average rate5.31
Six months ago when this column began, I promised to interview superior money managers, as well as provide some opinions myself occasionally. Since that time, five guests graced this column and told how they do what they do. As a bonus, they also provided some investment picks; and yours truly did his share, too.
What do you buy a person who has everything? My mother-in-law has everything. I know just the gift: A funeral plot. It's not that I wish my mother-in-law any harm, but she had been wanting some help with her estate planning -- which includes funeral planning -- so I bought her a funeral plot two years ago for her birthday. It cost me a thousand bucks (a pretty generous gift, if I do say so myself).
A selection of the past week's winners and losers
STARSWendy's $57.12 U.S., up $1.39(WEN -- NYSE)Typical Canadian Saturday: Coffee at Tim's, hockey practice, lunch at Tim's, beer store, passion-filled lovemaking and/or Hockey Night in Canada. With Wendy's poised to spin off the doughnut chain to investors, checking Tim's stock price will become part of the daily routine.
The jump in gold stocks -- both recently and since their lows last May -- creates a dilemma as to what investors should do now.While it's always nice to buy on a pullback, who knows when, or if, people will get a chance to do that now.
