Mortgage rates may seem low now, but you’ll be lucky if that 2.5-per-cent mortgage only goes up to 4 per cent in 25 years.The Canadian Press
The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.
How to get a better deal on your mortgage
Wait until renewal time and make your lender compete with others. Here's a game plan.
This peer-pressured party boy owes $30,000
A blogger shares a note sent by a university student who is asking for help in getting his life and finances back on track. He borrowed to attend school, then racked up debts with his party lifestyle.
Should you tell your kids how much you make?
Yes, this New York Times article says. It's a good way to de-mystify money and teach kids how to manage it.
What 80 years of buy and hold gets you
Top performance, actually. Read here about a mutual fund that invested equal amounts in 30 big U.S. companies in 1935 and hasn't added a new stock since.
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Rob Carrick