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woman relaxing on a yacht (Jovanmandic/Getty Images/iStockphoto)
woman relaxing on a yacht (Jovanmandic/Getty Images/iStockphoto)

Money matters

Carrick on money: Stop saying those nasty things about the super-rich Add to ...

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Stop saying those nasty things about the super-rich
A lot of the things we believe about the uber-wealthy just aren’t true. For example, they didn’t all inherit their money, and they don’t all own private jets and yachts.

How are wealthy people investing these days? Very cautiously. In fact, they’re showing a preference for cash over big bets on stocks or bonds.

Following up on the short suit
A buyer for Harry Rosen tells Canadian Business the chain won’t stock these get-ups, which consist of a regular suit combined with shorts. You may have to buy yours in the United States.

Retiring on a low income
Social policy consultant John Stapleton recently delivered a presentation on retirement planning for low-income people in which he made a special effort to simplify tax jargon like deductions, credits and exemptions. Here are the slides from his presentation.

More money
Join the 45,000+ people who subscribe to my Facebook personal finance community for talk about investing, retirement, real estate, banking and other financial matters.

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Follow on Twitter: @rcarrick

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