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 Buy High, Sell Low Investing Plan The media fuss over the recent surge by the U.S. stock markets seems likely to trigger another cycle of investors buying high and selling low. Read all about it here, and pay close attention to the chart showing the buying and selling patterns of U.S. mutual fund investors. It’s no different here in Canada.
How can you avoid the buy high, sell low treadmill? Consider dollar-cost averaging, where you put money in market gradually rather that in a lump sum. It’s not the most effective way to invest, but it might be the most beneficial to your emotional well being if you fear a stock market plunge.
Car Buyer’s Corner The person behind the Sustainable Personal Finance blog imported a 2011 Subaru Outback into Canada from the United States last summer and reports saving $9,300 compared to the cost here at home. Here’s a step-by-step guide for buying a U.S. car and bringing it across the border.
According to J.D. Power, the reliability level of new cars has reached a 22-year high. The information is based on information reported by original owners of cars sold in 2009.
They Paid HOW Much? Check out the debate on my Facebook personal finance page about whether it made sense for a buyer to have paid $1.2-million for a house in Toronto’s Leaside neighbourhood - close to $200,000 over asking.
By the way, I’m also on Twitter.
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