you should consider alternatives.........

Last week, we saw a major market rally, but I think it is important to keep short term equity market performance in context. If this first decade of the millenium were to end today, the entire gain of the TSX over this decade would be fairly close to our gain last week. On the American side, the story is much worse, with equity returns for the decade deep in negative territory, and the picture is even more bleak if adjusted for Canadian currency, This does not mean you should avoid equities, but it does mean you should consider alternatives like bonds, preferred shares, and even GICs to diversify away from equity mutual funds, since this decade proves that equity investing really does require long term patience.

Do you want to discuss your alternatives?
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, member CIPF