It’s been quite a while since our last book review and giveaway, but lets get it going again with a great personal finance book written by the popular Globe and Mail columnist, Rob Carrick.  The title is a bit long, but descriptive to the overall theme of the book.  The book is titled “Rob Carrick’s Guide to What’s Good Bad and Downright Awful in Canadian Investments Today.”

About the Author:

According to the book:

Rob Carrick is one of Canada’s most widely read and best-respected financial experts, with two decades of experience as a business and economics reporter and commentator.  Carrick worked on both Bay Street and Parliament Hill before becoming the personal finance columnist for The Globe and Mail ten years ago.

About the Book

As you can probably conclude from the book title, this book focuses on the Canadian investment industry and does a great job explaining how the industry works in a brutally honest fashion.  Although this book is meant for the beginner to intermediate investor, there is something for everyone in this book.

Did you know that when you buy mutual funds from a discount broker that they keep the trailer fee even though they didn’t offer any advice (except Questrade)?  Or the traits of an advisor that you should look out for?  Or even mutual funds that actually provide value?  Those are just a few tid bits of information that I gathered from the book.

The topic areas covered in the book include:

  1. Getting off to a good start – how to get started as an investor, some common mistakes.
  2. Mutual Funds – how fund fees work, and lists of good and bad mutual funds.
  3. Navigating the Stock Market – how to build a simple portfolio without mutual funds, dividend investing, discount brokers, ETFs.
  4. Bonds, GICs and other conservative stuff – fixed income rip offs, ETF alternatives, principal protected notes, high yield bonds.
  5. Do-it-yourself investing – reasons to use a discount broker along with a listing of the top 3, investments that go great with a discount broker account and online resources for investors.
  6. Investment advisors – traits of good and bad adivsors, interview questions, and steps to take if an advisor has wronged you.
  7. Information, please – recommended websites/newsletters/calculators for investing.

Final Thoughts

Overall, I enjoyed this book and would consider it a must read for personal finance enthusiasts, especially those just starting out on their journey.

Want a Free Copy?

The book publisher was generous in offering Million Dollar Journey readers the chance to win a free copy of the book.  The details are below:

  1. Follow our new Facebook page by clicking “Like” on the top of this page. (+1 entry)
  2. Leave a comment in this post. (+1 entry)
  • Only one comment entry per person (valid email addresses only please – privacy policy).
  • Only those with a North American mailing address may enter (publisher rules, sorry).
  • Contest will end Fri 5pm EST Sept 10, 2010 and the winner, drawn randomly from all entries, contacted shortly after!

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Thanks for the review. I find that Rob Carrick usually does a very good job of researching and reporting for the benefit of individual investors.

Sounds like a good book for most beginners.

Sounds like a useful book.

I believe it would be a pleasure to read this book.

It looks like a good read.

Sounds like a great book

I don’t use mutual funds anymore, but this could still be interesting.

This sounds like the perfect book for my situation.

Sounds like an interesting book

Count me in please!

I like books :)

Send me the Book!

Receiving a copy of this book would sure help me in my financial journey!

Hey Ft,

Does the book talk about risk management at all?

Disability, critical illness, life insurance, or annuities (later in life). I know this puts people to sleep, but my thoughts it is worth a few chapters.

Most DTYers have never given this any time. Risk management should be the foundation. Which is the most important!

It hit home with me this summer when I was visiting B.C. (Kelowna by the lake) and seeing multimillion dollar condos which had a poor foundation and were leaning to one side.

I was told the cost of repair was going to be more than the buildings!

Sounds like an interesting book!

I would like a copy of this book since I am in the beginning stages of investing. Crossing my fingers and hoping I win!

I would love a copy too.

The subjects covered, according to the table of contents looks very interesting. I would love to read this book. I hope a copy will be available at our public library in the not to distant future. Thank for the article.

Interesting book for people starting to invest

It’s good to see books written on personal finance with a Canadian bent. Too often we have to glean and adapt from American ones.

I like reading what Carrick has to say.

Please out me in the draw.

I like your web site.

Much of the information does not apply to me, but occasionally I find some gems that make my life easier. Thank you.

Would love a copy of this book.

Sounds like a good book, but most people will still buy and read trashy novels.

I read it already (TPL has a bunch of copies folks!) but would be happy to have a copy for my shelf. Thanks, FT!

It would be nice to read for anyone nowdays because alot of individuals are doing more investing on there own.
and lots of mistakes are still being made
nice timing with the book you should do we’ll

Sign me up for the book.

I always enjoy reading what Rob Carrick has to say – have learned plenty from him over the years . I’m sure a copy of his book would be useful addition to my library. Thanks for the review and opportunity to win.

I have heard of this book before and have not been able to find a copy in the library. I hope that I can win one, as I am very interested to read it.
Thank you

Unfortunately the copy of this book in our local library branch is missing. Probably taken by a disgruntled mutual fund sales person. The good news is that it is available at other branches. I look forward to reading it.

It looks like a perfect read for me.

I’m certain I would benefit from reading such a book. Thanks

This sounds like a useful, informative book that I would like to read

Hey FT – send me the book please! :)


Sounds like an interesting book

Would love to read it!!

I would definitely enjoy reading this book!

Following your “Journey” with great interest … practical, informative and inspiring.

Would be interested in reading this. Thanks for another giveaway!

Have done a review on this book on our site.

Good read and I liked how current and impartial he is.

I would like to know what Rob invests in though.

Would like to get hold of a copy.

pick me please!

Count me in! It sounds like an interesting read.

Love to read Rob Carrick’s book to help to find a safer path through the Financial Minefield!

Hum, I think I could be convinced to read it.
Thanks for the give aways as always!

loved the book. would like my own copy.

Hi i want to know what kind of level of money can i invest.

Nice review, count me in on the giveaway!

I’ve been eyeing this book for a while. Thanks for giving your readers the opportunity to win a free copy!