The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.
Stuck in a purgatory of low returns
The global money management firm GMO LLC looks at how well stocks and bonds have done in recent years and decides that returns over the next seven years will be low.
Here’s a look at how much trouble investment advisers are having in getting clients to get their money out of low-paying but safe investments, even as the stock market keeps rising.
A contrarian ‘buy’ signal
The consensus view of the stock markets on Wall Street is comparatively bearish right now. That’s a signal of good returns ahead, this blog post argues.
TD disappoints on U.S. dollars
The Canadian Capitalist blog writes about his disappointment over the lack of U.S.-dollar RRSPs at TD Direct Investing, formerly TD Waterhouse. It’s noted here that RBC Direct Investing became the first big bank discount broker to introduce U.S. dollar RRSPs more than three years ago.
A reckoning for pensions
Read here about how retired city workers in Detroit are waiting to find out if their pensions will be affected by the city’s bankruptcy. Just a reminder that everyone with a pension needs to consider how solid it will be over the long term.