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Carrick on money: In praise of older cars

1929 Hupmobile owned by old-car enthusiast Hughie Montgomery

Jon Bowman

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Reliable used car = financial peace
The case for keeping your old car going and not replacing it with something new.

Stock bubble alert
Well-respected BCA Research sees low interest and inflation ahead, and rising corporate profits. "This environment ferments asset bubbles, and underscores why where there are high odds that equity prices move into bubble territory next year."

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For DIY investors
The Stingy Investor website offers this tool for modeling investment portfolios. Pick different weightings of stocks, bonds and cash and see what long-term returns they would have produced.

How to calculate your adjusted cost base, which is required for reporting capital gains and losses in your non-registered investment accounts.

And here's a link to a stock-trading simulator offered by TMX Group, which owns the Toronto Stock Exchange. It's a great way to experience stock trading with imaginary money, and it's realistic to the point of including stock-trading commissions.

More money
Join the 35,000+ people who subscribe to my Facebook personal finance community for talk about investing, retirement, real estate, banking and other financial matters. I'm also on Twitter.

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About the Author
Personal Finance Columnist

Rob Carrick has been writing about personal finance, business and economics for close to 20 years. He joined The Globe and Mail in late 1996 as an investment reporter and has been personal finance columnist since November 1998. Rob's personal finance columns appear in The Globe on Tuesday and Thursday, and his Portfolio Strategy column for investors appears on Saturday. More

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