The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.
Slow down, young home buyer
A mutual fund industry exec blogs about the drive some young adults feel to get into the housing market.
Here's another example of some sane thinking on home ownership from an investment industry person. People often reject this type of analysis by saying that investment industry people have a natural bias toward having people buy their products and services instead of a home. But home owners have their own biases, which are based on being lucky enough to have owned during a long price run-up fueled by falling interest rates. In any case, investment industry people know that all financial assets go through cycles of rising and falling prices. That's a message home owners and buyers need to understand.
Help in your search for a used car
Introducing CarGurus Canada, a new Canadian version of a U.S. website that helps people find good deals on used cars in their city.
Work is too demanding, and there are bills to pay
The story of a woman who left her job to recharge her batteries and regain her mental clarity on a five-week backpacking trip. She sees us living two lives, one as earner and provider, and the other that nourishes us emotionally.
The search for uncorrelated assets
A look at how closely various sectors of the stock market track the ups and downs of the benchmark indexes. Low correlation is the essence of diversification – it means you own something that doesn't move according to the same cycles as the stock market.