July 2, 2008 Morning Spot

This is Jeff Wareham, ScotiaMcLeod Wealth Advisor, with some thoughts for investors outgrowing their mutual funds.



On Monday, I spoke of the mid year report card for 2008. Looking globally, Canada is a shining star, with positive returns on a year to date basis. Some global markets are down by almost half.



Even the Canadian story is misleading…over 100% of the points on the TSX have come from the top 20 performing companies in the index…leaving the other 250 plus companies with negative overall returns.



With lots of volatility left to come, how should you rebuild your portfolio to avoid further impact?



I touched on some basic ideas last Saturday, but everyone’s needs are different, so you really need to work with an advisor, and consider your long term goals.



Ask yourself, have you outgrown your mutual funds?



For a review your portfolio, or a complimentary copy of my CD, visit, www.beyondfunds.ca or call me, Jeff Wareham, at 519 660 3260.

This program is for information purposes only. Fees, management fees, and commissions may be associated with mutual fund investing.

Investors should consult their prospectus before investing. Views expressed are those of the author, not Scotia Capital. ScotiaMcLeod is a division of Scotia Capital Inc, member CIPF.