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Carrick on money: The case of the hoodwinked hockey player

Columbus Blue Jackets' Bryan Berard, left, skates up the ice as the New Jersy Devils' Grant Marshall chases in the second period on Sunday, Dec. 11, 2005, at Nationwide Arena in Columbus, Ohio. Berard was picked 1st overall in 1995 by the Ottawa Senators, but refused to report to the team. He was then traded to the Islanders with Martin Straka for Wade Redden and Damian Rhodes.

PAUL VERNON/PAUL VERNON/Associated 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.

The case of the hoodwinked hockey player
Former all-star NHL defenceman Bryan Berard is among a group of pro athletes and others who lost millions of dollars in a massive financial scam.

The American dream is dying
Historian Niall Ferguson writes about how social mobility – the opportunity to get richer – no longer offsets income inequality between rich and poor in the United States.

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If you're curious about how w e're doing here in Canada, check out this sobering report about middle class income stagnation.

Reliable RioCan
An investment writer reviews the recent history and outlook for RioCan Real Estate Investment Trust, which has been steadily paying income to investors for 20 years.

Fighting bond complacency
Investors often believe they're better off owning individual bonds instead of bond funds at a time of rising interest rates, and there definitely are some benefits. But, as outlined here, there are also some risks in buying your own bonds.

More money
Join the 29,000+ 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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