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Rob Carrick's Reader: Don't quit your day job, Mr. President

President Barack Obama in the Oval Office of the White House in Washington.

Pablo Martinez Monsivais/AP Photo/Pablo Martinez Monsivais

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

Don't Quit Your Day Job, Mr. President

Check out what U.S. President Barack Obama had to say at a recent White House conference for Web-based personal finance journalists. He starts with "Don't spend all your money."

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So You Think You Know ETFs

Gauge your knowledge about exchange-traded funds by trying this online quiz .

A recent report by a global organization called the Financial Stability Board raised some concerns about potential concerns related to exchange-traded funds. The people behind the giant iShares family of ETFs have addressed these concerns in this blog post and in this follow-up.

Here's the original FSB report.

The lowdown on a new TSX-listed ETF that offers an opportunity to invest in convertible bonds, which can under some circumstances be converted into stocks.

The 50% Challenge

Could you save 50 per cent of your takehome pay and live off the rest?

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Editor's note: If you don't receive Rob Carrick's newsletter twice weekly by email, you can sign up to get it for free at The Globe and Mail. All you need to do is register for the site, or if you've already registered, login and go to your profile at the top of the homepage. Once you're in your profile, look under Newsletters and Alerts and look for the Personal Finance Reader and other newsletters. Other financial newsletters include: Business Ticker, a summary of the day's top business stories; Berman's Market Update, a summary of the markets at the open, noon and close; and All-Star Investors, a monthly collection of articles exploring an investing trend or theme.

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