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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.
After disappointments with advisers, Derek Saldanha has found success, TONY MARTIN finds
They ain't all fancy-dancy, but the advice of an army of nutritionists aside, many of us can't deny the delight and dependability of a flavourful filet. And whether it's a would-be vegetarian ''going against the grain(s),'' or finding a juicy morsel buried in a mountain of passed-over investment strategies, Derek Saldanha, has found sticking to a meat (and some potatoes) regime profitable, despite that being a contrarian approach in both the ingesting and the investing worlds.
When confronted with myriad options at tax season, these products offer one-stop shopping, ROB CARRICK writes
Ah, the what-to-buy conundrum of RRSP season.More than 3,000 mutual fund choices, and thousands more individual stocks, bonds, guaranteed investment certificates, principal-protected notes, closed-end funds and wrap products await you. Or, you can just buy some exchange-traded funds and be done with it.
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 4.15So-Use Credit Union4.20Ontario Civil Service Credit Un.4.40Average rate5.33
I first got an inkling of foolish mathematical ''investing'' when I sat in the Stanford auditorium at the finance course taught by Professor Bill Sharpe, who later got the Nobel Prize for his share in formulating the efficient market theory (EMT). That silly theory states that no investor can make more money than others in the market without taking on more risk, because whatever information he has is also available to all others.
Not all marriages work out. But I admire those that last for the long haul.A woman we know has been married for 65 years. She doesn't go out at night with her husband any more.
Subodh Kumar, chief investment strategist at CIBC World Markets Inc., has switched his emphasis to shiny new growth stocks from the grimy old energy producers and utilities that offered good value in the past couple of years.
A selection of the past week's winners and losers
STARSCN Rail It used to be the only demographic this company's fleet created value for was hobos. But with CN's share price up 1,000 per cent in 10 years -- breaking the $100-a-share barrier this week -- shareholders too are getting a smooth ride.
