The best of the Web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.
Whatever Happened to Banker's Hours?
More banks are opening Sundays. The Canadian Finance blog wonders why.
Vampire Mortgages
One of the most rationale voices on retirement saving, actuary Malcolm Hamilton, has argued that people can address underfunded RRSPs late in their careers by diverting money that used to go to mortgage payments. But what happens if your mortgage is still sucking your blood, I mean cashflow, when you retire? It’s a growing trend, according to this blog post.
Bling Barbie
A Barbie doll for $302,500 (U.S.)? This one’s wearing a diamond necklace.
Hedge Trimming
Take a pass on currency-hedged ETFs if you’ve got a long-term investing horizon, the Canadian Couch Potato blog says. Background: Most TSX-listed ETFs that track U.S. and global indexes use hedging so moves in the Canadian dollar don’t affect your investment returns. Hedging is a blunt instrument, and it adds to the cost of your investments.
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