Wednesday, November 5, 2008

Is the worst over?

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

Another major concern that has haunted global markets disappeared last night, as the Americans selected their next president.

Volatility has dropped to a one month low, credit markets are getting a bit better, and global markets surged yesterday. Is the worst over? Perhaps, but Scotia released research yesterday forecasting further volatility, and a possible retest of our recent lows over the next few months. It may be tempting to rush back into the market, but a carefully constructed portfolio is your best bet moving forward. Opportunity abounds in the market, but prudence is the key.

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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