Wednesday, November 12, 2008

Have a long term strategy

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

Volatility continues to plague equity markets. The significant intraday swings have more impact on the professional traders than they do on a long term investor, but they sure do contribute to fear and uncertainty. Even if you want to invest, it is tough to step in to a market that fluctuates several percent per day. How do you invest, without getting caught in the violent swings?
The key is to have a long term strategy, and work with an advisor to select the best solutions to meet your goals. Short term swings will happen, but if you believe in what you are buying, it is likely worth being patient.
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

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