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.