The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.
Investing is like gambling? Not a chance
Investing in the stock markets may sometimes seem like gambling, but there's a world of difference. Here's some data from the U.S. market that shows how much worse the odds are for gambling.
Be careful out there
From time to time, readers ask me about non-traditional investment opportunities that revolve around mortgages and real estate. Some of these are quite legitimate, but my overall comfort level is low for investment products sold without a prospectus and full regulatory oversight. What can go wrong? Check out this two-part analysis of what happened at First Leaside Group, a vehicle for investing in limited partnerships that were mainly in the real estate sector. Here's Part One, and here's Part Two.
Cut your costs
Heres's an article for investment advisers that suggests ways they can cut the costs clients pay to own mutual funds. Print this off and take it to the next meeting you have with your adviser. A good conversation starter.
Homing in on savings
Tips from Consumer Reports on getting the biggest bang for your buck with home improvements.
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