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Welcome to this edition of the Globe and Mail Personal Finance Reader. My name is Roma Luciw and I am a personal finance reporter and web editor at the Globe. Rob Carrick, our personal finance columnist, is on holidays this week so I have stepped in to compile a list of articles, blog posts and websites that represent a snippet of what the online world had to offer on money-related subjects.
In this edition of the Reader, we're taking a closer look at the financial adviser industry in the aftermath of the Earl Jones scandal. The hunt for Mr. Jones, who allegedly embezzled millions of dollars through his Montreal asset-management firm, came to an end when he was arrested and released on bail this week. Journalists and bloggers wasted no time weighing in on the merits of using a financial adviser, how to go about finding one and how to make sure they are regulated.
If you want to help your kids avoid those kinds of problems, we've got a heads up for you that a cartoon Warren Buffet is slated to be teaching children about money online this fall. There's also a credit card debt calculator, a column that comes out swinging against the current Goldman Sachs hate-fest and an outlook for permanently slower growth for the U.S. economic juggernaut.
Found something on the Internet your fellow investors might enjoy? Send me an email at email@example.com
The latest from The Globe and Mail and Globe Investor
Tax Matters What coverage is right for you? In this article, Tim Cestnick provides tips on choosing the right kind of life insurance
Lets Talk Investing In this video, Credit Canada's Laurie Campbell talks to Rob Carrick about record debt levels, particularly credit card debt
Real Estate There are things that every potential investor should know before they consider flipping a house for profit.
Alternative Investments Movie posters can yield blockbuster returns. Here's how to make big money from the big screen.
Battle for the Wealthy As high-net-worth investors pick up the pieces, big money is in motion - and financial advisers are scrambling to keep up.
Must Reads From Around the Web
Managing your money Amid the growing chorus of writers debating the merits of using an investment or financial adviser, the Thicken My Wallet blog tackles the issue from a value perspective. If you look at it in the form of an hourly rate, such as that of a lawyer, the findings could shock you .
The Investment Industry Regulatory Organization of Canada (IIROC), this country's main investment industry watchdog, put out a new brochure this week with details on why IIROC matters to investors. Mr. Jones, as everyone now knows, was not registered anywhere.
An increasing number of Canadian investors who feel that their brokers have failed them in the recent tough times are turning to lower-priced discount brokerages. The Financial Highway blog provides these five tips for choosing a discount broker .
Investors interested in going down the do-it-yourself online route can check out the Canadian Capitalist's review of Scotia iTrade, which is what Bank of Nova Scotia renamed E*Trade Canada after acquiring it not long ago.
This Wall Street Journal article talks about how, in the wake of the financial-market crisis, investors searching for more objective guidance are leaving the big Wall Street brokerage firms to sign on with independent investment advisers.
Coming soon Look for an animated Warren Buffett on AOL's website this fall. The renowned investor will appear in a cartoon series called the "Secret Millionaires Club," which will aim to educate kids about money.
Time to buy? The Canadian Financial DIY blog looks at the question of whether commodities should figure in a portfolio.
Goldman Sachs bashing Financial writer Michael Lewis (he wrote Liars Poker) has interrupted the Goldman Sachs hate-fest with a Bloomberg column that disputes five insidious rumours about the company, including that it controls the U.S. government, that all employees there look alike and that it relentlessly pursues "anything that smells like money."
This cool graphic from Paul Kedrosky's Infectious Greed blog, from a new Science article, uses transaction relationships to map the financial sector, showings its international connections and global centres.
The new norm Bill Gross, manager of the world's largest bond fund, says in his August 2009 outlook that there is no chance the U.S. will return to a historical "norm" of 5 per cent GDP growth. He makes the case that a new 3 per cent norm substantially changes the character of the American capitalistic model.
Drowning in debt? The Squawkfox blog created this credit card calculator to show you how many years it will take and how much interest you pay by sticking with minimum balance payments. How's that for incentive.
This article from the Globe's life section talks about how it might be time to cut up that rewards credit card, no matter how many air miles you're collecting.
That's all for this week. You can tell us what you think of the Reader by sending us an email at firstname.lastname@example.org