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Richie Rich visits the pawnshop 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.

Richie Rich Visits The Pawnshop

“People like to call them the 1 per cent,” a pawnbroker says of wealthy Americans in this video. “We call them our client base.” Yup, rich people are pawning stuff in today’s tough economic world to generate some cash. Samples: A platinum Rolex worth $90,000, coin collections, expensive cognac and a 250-year-old Torah.


ETF Insight is a new website designed for investors who want help sorting through the hundreds of exchange-traded funds out there.

A look at Procter & Gamble, which as a consumer products giant is the type of company you can’t find in the Canadian stock market. P&G has been paying dividends for 121 consecutive years.

Here’s a debate on the merits of investment advisers selling mutual funds with a deferred sales charge, where the client pays nothing to buy but faces a redemption fee if he or she sells in the first six or so years after buying. What’s interesting here are the comments by an adviser that pretty much destroy the rationale for using DSC funds.

You can get much higher yields from stocks paying dividends than you can from bonds, but you’re also adding more risk than you may be comfortable with.

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