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Rob Carrick's Reader: Need an adviser? Train a monkey

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

Need An Adviser? Train A Monkey

Behavioural economist Dan Ariely says well trained monkeys could do the same job as financial advisers. I'm as critical as anyone of advisers, but I think Ariely's take underplays the full range of help advisers can provide to clients. Of course, advisers themselves need to take some blame for being criticized here. Too many of them mainly sell mutual funds.

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The Year Ahead In Money

Ten financial resolutions for 2012. Some basic stuff here, but I bet there's at least a few things you could be doing that you're not already.

Fortune's choices for the 10 best stocks to own in the year ahead. Apple, Intel plus some industrial names like Caterpillar.

Tracking Your Spending

The Golden Girl Finance website offers this nifty online budgeting tool. It's one of the most comprehensive and easy to use that I've seen.

Personal Finance on Facebook

Subscribe to my Facebook page for lots more talk about personal finance.

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Editor's note: If you don't receive Rob Carrick's newsletter twice weekly by email, you can sign up to get it for free at The Globe and Mail. All you need to do is register for the site, or if you've already registered, log in and go to your profile at the top of the homepage. Once you're in your profile, look under Newsletters and Alerts and look for the Personal Finance Reader and other newsletters. Other financial newsletters include: Business Ticker, a summary of the day's top business stories; Berman's Market Update, a summary of the markets at the open, noon and close; and All-Star Investors, a monthly collection of articles exploring an investing trend or theme.

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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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