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.
Wednesday, October 15, 2008
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