July 7, 2008

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



On Saturday, I discussed ideas for mutual fund investors who are looking to protect their portfolios from further losses, after years of challenging markets.



One of the key issues for most investors is the high cost of Canadian mutual funds.



Funds management fees in Canada remain the highest in the developed world, and this always matters, but in down markets, the impact is magnified. Funds may be selling assets at low prices just to fund their high management costs, and this essentially means an investor is selling when the market is down, even if they do not want to.



You know that you should buy low and sell high, but your fund management fees may be working against you.



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.