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Horses charging. (Photos.com)

Horses charging.

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Money matters

Carrick on money: Is dumb money charging into the stock market? Add to ...

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

Dumb money charges into the stock market
That’s the cynic’s interpretation of the rush of investors into the stock market in recent days. But it turns out that the recent rally in stocks has been driven just as much by big market players like pension plans and insurance companies.

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The recession of 2013
Slow global economic growth, growing government austerity and high levels of household debt will combine to produce a modest recession in Canada this year. The housing market won’t help, either.

Seven personal finance sins
This is a good collection. I like Number One, using your bank as a surrogate adviser, and Number Three, rolling the dice in hiring an adviser.

Baby, what’s that fragrance?
Introducing a $45 perfume for babies from Dolce & Grabbana. It’s “designed to cuddle and pamper every little boy and girl.”

Do You Need A Portfolio Checkup?
We’re looking for people who would like an informal second opinion on their investments from an adviser and me. We’d love to hear from you if you’re just starting as an investor, if you’re well established as an investor or if you retired long ago and want some feedback on how you’re doing. Small portfolios are welcome. Apply here.

More money
Join the 19,000+ 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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