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Carrick on money: Why variable rate mortgages still rule

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

Why variable rate mortgages still rule
A mortgage broker makes a case here for going with a variable rate mortgage, which has slightly lower rates than a less risky five-year fixed mortgage.

Dangerous dividend stocks
A reminder that dividend stocks may have performed much better than the market in the past few years, but they're still stocks and thus much riskier than bonds.

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Top money tips from the experts
Personal finance and investing bloggers offer their best ideas on the occasion of financial literacy month.

Investing in pot
Eighteen U.S. states now allow the sale of marijuana for medical purposes and in two, Colorado and Washington, voters have approved a motion allowing recreational use of pot. Now, how might an investor profit from this?

Best brokers
The Globe and Mail's 14th annual ranking of online brokers is out and Virtual Brokers, a small independent firm, has taken top spot. Read all about it here, and check out the videos outlining the top broker choices overall, as well as best brokers for young investors and retirees.

More money
Join the 18,000+ 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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