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-to-know stuff for investors
The stock markets have done well this summer, but there are still reasons to be cautious about the current investing environment. Let’s start with the economy. You’ve probably heard a lot about how interest rates have nowhere to go but up as economic conditions improve, but what if the economy stagnates or even shrinks? Here’s an interview with a Wall Street money manager who thinks it’s quite possible for rates to actually move lower in this situation.
Meet the investor advocate
A wide-ranging interview with John Bogle, the U.S. index fund pioneer and investor advocate. Bogle says market conditions today are the worst in his 60 years in the investment biz, but he continues to believe investors should own stocks for the long term.
The best of times, the worst of times
This data on the 10 best and worst times ever to invest clearly shows the benefit of buying stocks when they’re cheap, rather than after a rally. Note: The term CAPE used here refers to cyclically adjusted price-earnings ratio, a way of valuing stocks to evaluate how expensive they are.
For people with more money than brains
Time’s list of 10 conspicuously expensive purchases, including a $25,000 luxury doghouse and a $100 cup of coffee.