Further market weakness over the summer

After the dramatic spring rally, markets have pulled back significantly over the last few days. I believe we are likely to see further weakness over the summer. In this volatile environment, where it is difficult to anticipate the direction stock prices may go, I believe it is critical to get paid for investing. Money market funds are paying next to nothing, and GICs are not much better. I continue to emphasize three areas in these challenging time; bonds, dividend paying stocks, and preferred shares. There are many options offering yields of 6, to 10 percent. In volatile markets, these payments help cushion the blow of fluctuating stock prices. If you are going to invest, you might as well get paid.

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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, member CIPF