First, let me thank everyone who braved last night’s weather, and attended my seminar. Like the weather, the last two days have been pretty severe. Market volatility continues, with the second worst day ever on a percentage basis on Monday, followed by a huge rally Tuesday. The last two days, like much of October, have tested investors nerves. You, like many investors, may want to find options to protect your capital in frightening times, and I can help.
Now is the perfect time to ask “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
Wednesday, October 29, 2008
Monday, October 27, 2008
October 27, 2008
Last week’s market volatility looks to continue today, as global markets have sold off sharply overnight. Finding safety in troubled markets is tough, but there are ways to play it safe. With proper planning, you can stay invested in equities, and even take advantage of the current low prices of stocks, while protecting your capital. Traditional mutual funds won’t do it as they do not have any guarantees attached. Want to know more? We still have a couple of seats available for tomorrow’s seminar. If you want to reserve a seat, give me a call.
Now is the perfect time to ask “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
Now is the perfect time to ask “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
October 24, 2008
This week, I have been focusing on market volatility.
The North American markets look set to follow global markets much lower this morning, only adding to investor fear.
In frightening times, you may wish to find a safe haven for your money, but many traditionally safe investments have also been hit in this downturn.
You may even recognize there are opportunities everywhere, but it is a difficult time to do anything.
You may not realize that there are alternatives for you, if you are looking for safety of your principal, without giving up on the long term opportunities in the global market.
Whether you are fearful, or encouraged, why not join me for next week’s complimentary seminar, where I discuss unique ways to invest in equities, with a guarantee that protects your principal.
Now is the perfect time to ask “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
The North American markets look set to follow global markets much lower this morning, only adding to investor fear.
In frightening times, you may wish to find a safe haven for your money, but many traditionally safe investments have also been hit in this downturn.
You may even recognize there are opportunities everywhere, but it is a difficult time to do anything.
You may not realize that there are alternatives for you, if you are looking for safety of your principal, without giving up on the long term opportunities in the global market.
Whether you are fearful, or encouraged, why not join me for next week’s complimentary seminar, where I discuss unique ways to invest in equities, with a guarantee that protects your principal.
Now is the perfect time to ask “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
Wednesday, October 22, 2008
October 22, 2008 Morning Spot
Another day, another nearly 500 point move in the stock market. Volatility really is the latest story in the challenging markets of 2008. Volatility is actually evidence of fear in the market, but it is also a contributor to investor fear. The wilder the swing in the major indices the worse investors feel. Although we have seen a lot of swings in the last few weeks, a long term investor does have alternatives to protect their capital, while staying invested for the long term.
Whether you are fearful, or encouraged, why not join me for next week’s complimentary seminar, where I discuss unique ways to invest in equities, with a guarantee that protects your principal.
Now is the perfect time to ask “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
Whether you are fearful, or encouraged, why not join me for next week’s complimentary seminar, where I discuss unique ways to invest in equities, with a guarantee that protects your principal.
Now is the perfect time to ask “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
Monday, October 20, 2008
October 20, 2008 Morning Spot
Last week, we saw all time record volatility. If you have been scared by the losses in the last few months, the uncertainty of last week’s unparalleled market swings would only heighten your concern…yet part of last week’s story should give you hope. Buyers and sellers are both in the market, and the volatility may mark an important turn in sentiment. You may recognize this, but what do you do?
Whether you are fearful, or encouraged, why not join me for next week’s complimentary seminar, where I discuss unique ways to invest in equities, with a guarantee that protects your principal.
Now is the perfect time to ask “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
Whether you are fearful, or encouraged, why not join me for next week’s complimentary seminar, where I discuss unique ways to invest in equities, with a guarantee that protects your principal.
Now is the perfect time to ask “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
Friday, October 17, 2008
The week that was
Wow...another pretty dramatic week on Global Markets...some amazing action all around.
In case you missed it...while our markets were closed on Thanksgiving Monday, we missed a massive global rally...but Japan, which was also closed, showed Canada the way, making up for the holiday in japan by rallying about 13 percent overnight...Toronto opened seventeen hundred points higher...obliterating the old record, but surrendered nearly one thousndd of the points before the market closed...meanwhile, New York gave back a fair chunk of Monday's gains. Japan managed to give away all their gains, and more, falling nearly 20 percent over the next two days. Toronto fell below last week's lows by Thursday, with an intraday drop of over 500 points. The Dow was down 300 plus points Thursday morning, before bouncing over 700 points, closing up 400. Friday saw Toronto tear ahead over 500 points, only to give half of the gain back...while the Dow fell, after being up over 200 points.
What was the final dasmage? First and foremost, investors' nerves must be rather frayed, with intraday moves in the 10-15 percent range. This was bourne out by the VIX, a rather complicated measure of volatility measurement, which essentially equates the level of fear in the market with a number. Scotia Capital has an analyst who has traditionally indicated panic is any level above 30...a number rarely reached over the last year...incredibly, this week, we smashed through 50, 60 70, and 80...indicating an immense level of fear in the market. Many global markets are now down over 40 percent on a year to date basis...and the seizure in the global bond market is perhaps even worse than the sell off in equities.
Sounds awfully gloomy, and there was lots of reasons for concern: globally, terrible consumer and housing numbers, and locally, rotten news on the employment front. But, as the old saying goes, it is always darkest before the dawn.
Here is the positive side. First, the US credit markets appear to be freeing up, at least marginally...the best indication of this is the gradual normalization of LIBOR, which reflects the gradual willingness of banks to lend to each other. The Dow managed to fit in its worst day in 21 years, and still have its best week in 5 years. Toronto rose on the week, albeit less than the US...and Toronto;s pain was the world's gain, as stocks in the oil patch swooned, as oil dropped to less than half of its June peak.
The bottoms of markets generally come when fear reaches a peak. This month's market behaviour really shows a great deal of fear...and there are definitely signs of a level of market despair consistent with a market bottom.
Ultimately, the best news may be that Warren Buffet, the Oracle of Omaha, is buying stock in his own account...a rare endorsement from a man who keeps the lion's share of his personal account in US government bonds. With little yield available in bonds, and government treasuries thus selling at excellent prices, Buffet would appear to be following his long held belief in buying at deep discounts, and selling when he achieves maximum value.
In case you missed it...while our markets were closed on Thanksgiving Monday, we missed a massive global rally...but Japan, which was also closed, showed Canada the way, making up for the holiday in japan by rallying about 13 percent overnight...Toronto opened seventeen hundred points higher...obliterating the old record, but surrendered nearly one thousndd of the points before the market closed...meanwhile, New York gave back a fair chunk of Monday's gains. Japan managed to give away all their gains, and more, falling nearly 20 percent over the next two days. Toronto fell below last week's lows by Thursday, with an intraday drop of over 500 points. The Dow was down 300 plus points Thursday morning, before bouncing over 700 points, closing up 400. Friday saw Toronto tear ahead over 500 points, only to give half of the gain back...while the Dow fell, after being up over 200 points.
What was the final dasmage? First and foremost, investors' nerves must be rather frayed, with intraday moves in the 10-15 percent range. This was bourne out by the VIX, a rather complicated measure of volatility measurement, which essentially equates the level of fear in the market with a number. Scotia Capital has an analyst who has traditionally indicated panic is any level above 30...a number rarely reached over the last year...incredibly, this week, we smashed through 50, 60 70, and 80...indicating an immense level of fear in the market. Many global markets are now down over 40 percent on a year to date basis...and the seizure in the global bond market is perhaps even worse than the sell off in equities.
Sounds awfully gloomy, and there was lots of reasons for concern: globally, terrible consumer and housing numbers, and locally, rotten news on the employment front. But, as the old saying goes, it is always darkest before the dawn.
Here is the positive side. First, the US credit markets appear to be freeing up, at least marginally...the best indication of this is the gradual normalization of LIBOR, which reflects the gradual willingness of banks to lend to each other. The Dow managed to fit in its worst day in 21 years, and still have its best week in 5 years. Toronto rose on the week, albeit less than the US...and Toronto;s pain was the world's gain, as stocks in the oil patch swooned, as oil dropped to less than half of its June peak.
The bottoms of markets generally come when fear reaches a peak. This month's market behaviour really shows a great deal of fear...and there are definitely signs of a level of market despair consistent with a market bottom.
Ultimately, the best news may be that Warren Buffet, the Oracle of Omaha, is buying stock in his own account...a rare endorsement from a man who keeps the lion's share of his personal account in US government bonds. With little yield available in bonds, and government treasuries thus selling at excellent prices, Buffet would appear to be following his long held belief in buying at deep discounts, and selling when he achieves maximum value.
October 17, 2008 Morning Spot
This is Jeff Wareham, ScotiaMcLeod Wealth Advisor, with some thoughts for investors outgrowing their mutual funds.
Day after day, we are experiencing unprecedented market volatility. In times like these, you really should consider the many options that provide greater security of your principal, and guaranteed returns. You owe it to yourself to explore if there are solutions that are superior to traditional mutual funds. Join me in a series of upcoming seminars focused on alternatives for investors who are outgrowing traditional mutual funds. Alternatively, you can book a one on one appointment. Now is the perfect time to ask “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
Day after day, we are experiencing unprecedented market volatility. In times like these, you really should consider the many options that provide greater security of your principal, and guaranteed returns. You owe it to yourself to explore if there are solutions that are superior to traditional mutual funds. Join me in a series of upcoming seminars focused on alternatives for investors who are outgrowing traditional mutual funds. Alternatively, you can book a one on one appointment. Now is the perfect time to ask “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
Wednesday, October 15, 2008
October 15, 2008 Daily Morning Spot
Market volatility has reached new heights, as yesterday saw an all time record rise for the TSX, on the heels of a record Dow rise on Monday. When they turn, Bear Markets end very quickly, and a significant portion of the returns in a new Bull Market happen very early on…this is not to say we have seen the bottom of the current Bear, but it does make it critical to reposition your portfolio to benefit when the Bear Market ends. Many mutual funds have been forced into selling as investors panicked, and are not positioned for the recovery. If you have not discussed preparing your portfolio for the eventual recovery, perhaps you should call for a second opinion.
There is no better time to ask, “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.
There is no better time to ask, “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.
Tuesday, October 14, 2008
October 13, 2008 Daily Morning Spot
I recently heard the perfect definition of a bear market. A Bear market is an extended period of time where people who think this time it's different, sell at prices we'll never see again, to people who know this time is no different!
As I watched CNBC the other day, the headline read "A Bear Like No Other." It would be easy to fall into the trap of thinking this bear market is different. We have learned about CDOs, Mortgage Backed Securities, illiquid fixed income products, toxic debt...all unique problems from the Grisly Bear Market of 2008. But, regardless of the cause, this is ultimately still a bear market Research shows that the average bear market results in a decline of roughly 30% whereas the average bull market generates a gain of 200%
I have ideas relevant to long term growth, capital preservation, and income, depending on your needs.
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.
As I watched CNBC the other day, the headline read "A Bear Like No Other." It would be easy to fall into the trap of thinking this bear market is different. We have learned about CDOs, Mortgage Backed Securities, illiquid fixed income products, toxic debt...all unique problems from the Grisly Bear Market of 2008. But, regardless of the cause, this is ultimately still a bear market Research shows that the average bear market results in a decline of roughly 30% whereas the average bull market generates a gain of 200%
I have ideas relevant to long term growth, capital preservation, and income, depending on your needs.
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.
Friday, October 10, 2008
October 10, 2008 Daily Morning Spot
This is Jeff Wareham, ScotiaMcLeod Wealth Advisor.
I recently heard the perfect definition of a bear market. A Bear market is an extended period of time where people who think this time it's different, sell at prices we'll never see again, to people who know this time is no different!
As I watched CNBC the other day, the headline read "A Bear Like No Other." It would be easy to fall into the trap of thinking this bear market is different. We have learned about CDOs, Mortgage Backed Securities, illiquid fixed income products, toxic debt...all unique problems from the Grisly Bear Market of 2008. But, regardless of the cause, this is ultimately still a bear market Research shows that the average bear market results in a decline of roughly 30% whereas the average bull market generates a gain of 200%
I have ideas relevant to long term growth, capital preservation, and income, depending on your needs.
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.
I recently heard the perfect definition of a bear market. A Bear market is an extended period of time where people who think this time it's different, sell at prices we'll never see again, to people who know this time is no different!
As I watched CNBC the other day, the headline read "A Bear Like No Other." It would be easy to fall into the trap of thinking this bear market is different. We have learned about CDOs, Mortgage Backed Securities, illiquid fixed income products, toxic debt...all unique problems from the Grisly Bear Market of 2008. But, regardless of the cause, this is ultimately still a bear market Research shows that the average bear market results in a decline of roughly 30% whereas the average bull market generates a gain of 200%
I have ideas relevant to long term growth, capital preservation, and income, depending on your needs.
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.
Wednesday, October 8, 2008
Some thoughts on Bear Markets.
Some thoughts on Bear Markets.
I recently heard the perfect definition for a bear market. A Bear market
is an extended period of time where people who think this time it's
different, sell at prices we'll never see again, to people who know this
time is no different!
As I watched CNBC the other day, the headline read "A Bear Like No Other."
It would be easy to fall into the trap of thinking this bear market is
different. We have learned about CDOs, Mortgage Backed Securities, illiquid
fixed income products, toxic debt...all unique problems from the Grisly
Bear Market of 2008. But, regardless of the cause, bear markets have many
common characteristics, and they generally end with a capitulation, when
the lion's share of nervous investors have surrender. Almost everyone knows
that they should buy low and sell high, but the reality is, most investors
do exactly the wrong thing...after all, prices fall when there are more
sellers than buyers, and peak at the zenith of buying euphoria. The nature
of markets dictate that the majority will buy high, and sell low.
Let me share a piece I think is useful;
Four Reasons to stay invested
1. Long term growth prevails
2. Emotional investing works against you
3. Bull markets are more effective than bear markets
4. The market works against market timers
Research shows that the average bear market results in a decline of roughly
30% whereas the average bull market generates a gain of 200%
I have ideas relevant to long term growth, capital preservation, and
income, depending on your needs.
Please call Ann, Greg, or me, if you wish to discuss positioning your
situation.
Jeff Wareham, CFP, RHU
Wealth Advisor
ScotiaMcLeod
148 Fullarton Ave, Suite 1801
London, ON
N6A 5P3
519 660 3260
http://www.jeffwareham.ca
1 800 265 1242
I recently heard the perfect definition for a bear market. A Bear market
is an extended period of time where people who think this time it's
different, sell at prices we'll never see again, to people who know this
time is no different!
As I watched CNBC the other day, the headline read "A Bear Like No Other."
It would be easy to fall into the trap of thinking this bear market is
different. We have learned about CDOs, Mortgage Backed Securities, illiquid
fixed income products, toxic debt...all unique problems from the Grisly
Bear Market of 2008. But, regardless of the cause, bear markets have many
common characteristics, and they generally end with a capitulation, when
the lion's share of nervous investors have surrender. Almost everyone knows
that they should buy low and sell high, but the reality is, most investors
do exactly the wrong thing...after all, prices fall when there are more
sellers than buyers, and peak at the zenith of buying euphoria. The nature
of markets dictate that the majority will buy high, and sell low.
Let me share a piece I think is useful;
Four Reasons to stay invested
1. Long term growth prevails
2. Emotional investing works against you
3. Bull markets are more effective than bear markets
4. The market works against market timers
Research shows that the average bear market results in a decline of roughly
30% whereas the average bull market generates a gain of 200%
I have ideas relevant to long term growth, capital preservation, and
income, depending on your needs.
Please call Ann, Greg, or me, if you wish to discuss positioning your
situation.
Jeff Wareham, CFP, RHU
Wealth Advisor
ScotiaMcLeod
148 Fullarton Ave, Suite 1801
London, ON
N6A 5P3
519 660 3260
http://www.jeffwareham.ca
1 800 265 1242
October 8, 2008 Daily Morning Spot
This is Jeff Wareham, ScotiaMcLeod Wealth Advisor, with some thoughts for investors outgrowing their mutual funds.
The market sell off continues, as Asian and European markets are down several percent today. Markets in North America look to follow suit when they open. At this point, the sell off appears to be driven primarily by emotion, rather than any particular event. In fact, step by step, many governments are taking critical actions to shore up the global financial system, which is at the root of much of the weakness. Yesterday, on Jeff McArthur’s show, I suggested that investor’s shorter term money should be out of the market, but longer term money still belongs in equities and bonds, subject to an investor’s risk tolerance. In these volatile times, it is absolutely critical to look at your long term plans, determine if you are still on track, and decide if there are better alternatives to achieve your goals.
If you really are concerned, and think it is time for a second opinion, feel free to contact me.
There is no better time to ask, “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.
The market sell off continues, as Asian and European markets are down several percent today. Markets in North America look to follow suit when they open. At this point, the sell off appears to be driven primarily by emotion, rather than any particular event. In fact, step by step, many governments are taking critical actions to shore up the global financial system, which is at the root of much of the weakness. Yesterday, on Jeff McArthur’s show, I suggested that investor’s shorter term money should be out of the market, but longer term money still belongs in equities and bonds, subject to an investor’s risk tolerance. In these volatile times, it is absolutely critical to look at your long term plans, determine if you are still on track, and decide if there are better alternatives to achieve your goals.
If you really are concerned, and think it is time for a second opinion, feel free to contact me.
There is no better time to ask, “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.
Monday, October 6, 2008
October 6, 2008 Daily Morning Spot
This is Jeff Wareham, ScotiaMcLeod Wealth Advisor, with some thoughts for investors outgrowing their mutual funds.
Last week’s market sell off has started again overnight, as Asian and European markets are down several percent. Today looks like another very difficult day for investors. It seems Friday’s bailout package is a distant memory.
In these volatile times, it is absolutely critical to look at your long term plans, determine if you are still on track, and decide if there are better alternatives to achieve your goals.
If you really are concerned, and think it is time for a second opinion, feel free to contact me.
There is no better time to ask, “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.
Last week’s market sell off has started again overnight, as Asian and European markets are down several percent. Today looks like another very difficult day for investors. It seems Friday’s bailout package is a distant memory.
In these volatile times, it is absolutely critical to look at your long term plans, determine if you are still on track, and decide if there are better alternatives to achieve your goals.
If you really are concerned, and think it is time for a second opinion, feel free to contact me.
There is no better time to ask, “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.
Friday, October 3, 2008
The week that was...glad that it is over!
To keep things in perspective, I think it would be useful to look at some thoughts on Bear Markets, from Scotia Capital
BEAR MARKET STATISTICS
Several advisors have asked recently for some historical perspective on this current bear market. Attached is a table from Scotia Capital with data for both the Canadian and U.S. markets looking back through several cycles.
The good news is that the data demonstrates that rebounds always occur and that returns from trough levels are substantial.
We would caution however that although we are close to average decline levels in both Canada and the U.S., the current situation should not be considered "average" by any measure. It is worse this time.
Bear markets trough during recessions, they don’t wait until the end of the recession has been identified. Having said that, consensus opinion is only now acknowledging that the U.S. is falling into a recession and that the rest of the global economy is heading in the same direction. The credit crisis is significantly worse than most peoples' worst fears and the U.S. financial system is in terrible shape.
As we have stated previously, stability in the U.S. housing market, or some anticipation thereof, is a vital pre-condition for any sustainable upward move in equity markets. Recent market volatility will likely be the norm for some time to come.
BEAR MARKET STATISTICS
Several advisors have asked recently for some historical perspective on this current bear market. Attached is a table from Scotia Capital with data for both the Canadian and U.S. markets looking back through several cycles.
The good news is that the data demonstrates that rebounds always occur and that returns from trough levels are substantial.
We would caution however that although we are close to average decline levels in both Canada and the U.S., the current situation should not be considered "average" by any measure. It is worse this time.
Bear markets trough during recessions, they don’t wait until the end of the recession has been identified. Having said that, consensus opinion is only now acknowledging that the U.S. is falling into a recession and that the rest of the global economy is heading in the same direction. The credit crisis is significantly worse than most peoples' worst fears and the U.S. financial system is in terrible shape.
As we have stated previously, stability in the U.S. housing market, or some anticipation thereof, is a vital pre-condition for any sustainable upward move in equity markets. Recent market volatility will likely be the norm for some time to come.
Wednesday, October 1, 2008
October 1, 2008 Daily Morning Spot
September 2008 is over, and in spite of yesterday’s rally, it was ugly.
The TSX was down about 15% last month, and many of the issues that have led markets lower remain unresolved.
The VIX, a well known measure of market fear, remains near record highs.
October may not be as difficult as September, but it is likely to have its challenges.
If you are worried about your financial future, and are looking for a second opinion, feel free to contact me.
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.
The TSX was down about 15% last month, and many of the issues that have led markets lower remain unresolved.
The VIX, a well known measure of market fear, remains near record highs.
October may not be as difficult as September, but it is likely to have its challenges.
If you are worried about your financial future, and are looking for a second opinion, feel free to contact me.
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.
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