Friday, October 2, 2009

October got off to a rough start

October got off to a rough start yesterday, with a significant sell
off. This should not be surprising after the dramatic rally we have
seen over the past few months. The possibility of a significant
downward move in the market has been widely expected, but it has not
happened yet. Many investors have been sitting on the sidelines,
waiting for a chance to get back in the market. In fact, this cash on
the sidelines may be the reason any downward move may not be too
dramatic. Rather than rush back in all at once, I believe investors
should plan their strategy. If you are looking at getting back into
the market, why not get a second opinion before you make your move.
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

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