The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.
Housing bubbles: we're number one!
"There is no bigger housing bubble than the one currently happening in Canadian real estate," the Dr. Housing Bubble blog says in this post. "Not only is the bubble raging it has far surpassed what the U.S. housing bubble reached at its pinnacle."
The Facebook face plant
William Bernstein, a respected investing theorist, says here that using the word “investor” to describe people who bought the Facebook IPO is like calling Tony Soprano a Catholic.
How to destroy wealth
Trade stocks actively instead of finding good companies and holding onto them.
Dividend data deluxe
The longrundata.com website, introduced in a previous Reader blog entry, has updated its database to provide daily market data. Use this site to find out dividend payment dates and total returns going back to 1970 for U.S.-listed stocks (including Canadian companies that trade on U.S. exchanges).
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