September 24, 2008

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

On Mpnday, I discussed the safety of traditionally secure investments. The US government has been dithering with the rescue package intended to solve this problem, and it has really been reminiscent of Nero fiddling while Rome burns. In response, we have seen the worst 2 day sell off in six years.

In spite of this negativity, some incredibly positive signs have emerged. Several major firms have announced massive buybacks, Warren Buffet has taken a major interest in the struggling brokerage market, and Jim O’Shaughnessy, one of Wall Street’s brightest managers, released a note suggesting this time is one of history’s great buying opportunities. I will be posting some of his comments later, on www.beyondfunds.ca. If you are nervous about the markets, take a minute and read it.

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.