The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.
My son, the money sponge
A behavioural answer to a parent's question about whether to help a 25-year-old son who has a good-paying job, but continues to have money problems.
Buy and hold is dangerous
Every so often I come across an article questioning whether buy and hold is the right strategy for investors. Here, it's suggested that today's unsettled market conditions call for a strategy of riding what's working and avoiding what's not. This sounds like market timing to me – guessing what will out and underperform. Good luck with that.
Down with DSC mutual funds
Good points made here on why investors are poorly served by deferred sales charge mutual funds, where there's no cost to buy but a redemption fee if you sell in the first six or seven years after purchase.
Meet the world's greatest jeweler
His name is Joel Arthur Rosenthal and his creations are bought by a small but fanatical circle of the super-rich, for prices starting at the equivalent of $40,000 and ending at if-you-have-to-ask-you-can't-afford-it.