The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.
The Cake Boss talks life insurance
Buddy Valastro, the TV celebrity baker known as the Cake Boss, had to go work in the family bakery at age 17 after his father died without having any life insurance. Valastro tells the story in a video to mark life insurance awareness month.
Why baby boomers should reconsider stocks
Boomers have been buying bonds and dumping stocks, but that could turn out to be a risky strategy for building a reliable flow of retirement.
Dive in, don’t wade
A study shows that you’re likely to get better results if you put a lump sum into the stock market rather than investing gradually through a strategy called dollar-cost averaging. Emotionally, though, there’s a case to be made for dollar-cost averaging because it saves you from making a big commitment just before one of those big stock market plunges we’ve seen in recent years.
How to avoid car payments
The suggestion here is to drive your current vehicle into the ground and bank the money you would have otherwise have spent on car payments. Eventually, you’ll have enough to buy a new vehicle in cash.