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Nicola Hackl-Haslinger/Photos.com

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

Housing bubbles: we're number one!
"There is no bigger housing bubble than the one currently happening in Canadian real estate," the Dr. Housing Bubble blog says in this post. "Not only is the bubble raging it has far surpassed what the U.S. housing bubble reached at its pinnacle."

The Facebook face plant
William Bernstein, a respected investing theorist, says here that using the word "investor" to describe people who bought the Facebook IPO is like calling Tony Soprano a Catholic.

Story continues below advertisement

How to destroy wealth
Trade stocks actively instead of finding good companies and holding onto them.

Dividend data deluxe
The longrundata.com website, introduced in a previous Reader blog entry, has updated its database to provide daily market data. Use this site to find out dividend payment dates and total returns going back to 1970 for U.S.-listed stocks (including Canadian companies that trade on U.S. exchanges).

More money
Join the 13,000+ people who subscribe to my Facebook personal finance community for talk about investing, retirement, real estate, banking and other financial matters. I'm also on Twitter.

Follow us on Twitter: @globemoney

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, log in 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; and Berman's Market Update, a summary of the markets at the open, noon and close.

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