For months, I have been discussing the safety provided by bonds and preferred shares, With the rally in the markets over the last few weeks, it is an ideal time to consider rebalancing your portfolio to include safety, and income. If the market continues to rally, you will still benefit as investor confidence returns. If the market sells off over the spring, you will conserve capital, and receive income while you wait for markets to stabilize. I believe we will see some pullback from the recent rally over the next few weeks, and this is an excellent time to seek the safety of bonds and preferred shares. 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 Inc, member CIPF
Wednesday, April 29, 2009
Monday, April 27, 2009
Are You Concerned About The Security Of Your Pension?
For years, the gold standard of financial security has been the defined benefit pension plan. Many current and future retirees depend on the guaranteed income stream for financial comfort. Recently, the media has been full of articles questioning the unthinkable, the solvency of these plans. If you are concerned about the security of your pension, tune in this morning at 10:30, as McArthur interviews Wealthy Boomer author Jonathan Chevreau, or visit my blog on AM 980's
web site for information on the subject. Regardless, you really
should take a look at your retirement income security.
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 Inc, member CIPf
web site for information on the subject. Regardless, you really
should take a look at your retirement income security.
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 Inc, member CIPf
Thursday, April 23, 2009
Retirement Alternatives
Day after day, more articles appear questioning the solvency of
pension plans Underfunding Article, Pension Killer Article. This is a frightening subject
to retirees counting on defined benefit pension plans. Last week on
my Saturday show, I discussed safe income in a dangerous world. This
week, I am joined by Manulife VP Brian Mills, and we will discuss
emerging alternatives for investors seeking income for life. Tune in
tomorrow for more information on securing your retirement income.
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 Inc, member CIPF
pension plans Underfunding Article, Pension Killer Article. This is a frightening subject
to retirees counting on defined benefit pension plans. Last week on
my Saturday show, I discussed safe income in a dangerous world. This
week, I am joined by Manulife VP Brian Mills, and we will discuss
emerging alternatives for investors seeking income for life. Tune in
tomorrow for more information on securing your retirement income.
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 Inc, member CIPF
Wednesday, April 22, 2009
Financial Plan
Over the last few months, I have been emphasizing the importance of having a well constructed financial plan. The premise is simple...if you don't know where you are going, how can you get there? ScotiaMcLeod offers detailed, written plans, We look at your investment, your retirement, your business, your taxation, yourntrust, and your estate needs. Starting today, you have the option of purchasing a certificate for one of these plans, through AM 980's half price Wednesday's promotion. Come to AM 980's web site today to sign up for this promotion.
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 Inc, member CIPf
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 Inc, member CIPf
Monday, April 20, 2009
Preparing for bear market rallies...
After six straight weeks to the positive, it would be surprising if the markets made it seven in a row. Regardless, the recent rally has not come close to offsetting the losses of 2008, but it does present the opportunity to sit down with your advisor, and consider rebalancing your portfolio. Rallies at the end of bear markets may be dramatic, and it is a great time to sell positions that are less likely to do well in a recovering market, and buy investments that will respond well to the economy when it recovers. Have you had this type of discussion with your advisor? If not, give me a call, and I will offer you a second opinion.
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 Inc, member CIPF
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 Inc, member CIPF
Sunday, April 19, 2009
Weekly Newsletter
Market Watch
The big picture
Cautious optimism – rate of economic contraction seen slowing
On Tuesday, U.S. Federal Reserve (the Fed) Chairman Ben Bernanke expressed confidence that the pace of economic decline will slow in the coming months. The Fed backed up this statement with a report detailing weak economic activity for March and early April, and predicting further economic contraction, albeit at a slower pace. To help alleviate some investor concerns, the Obama administration announced plans to disclose the results of “stress tests” that were applied recently to 19 top U.S. banks.
The Bank of Canada’s (BoC’s) quarterly Business Outlook Survey echoed the Fed’s cautious optimism, reporting that while Canadian business leaders see continued economic weakness, they are now slightly less pessimistic than three months ago. The BoC will make its next interest rate announcement on April 21.
U.S. consumer prices unexpectedly slid into deflationary territory last month, marking their first full-year decline in more than half a century and underscoring the continuing weakness of the U.S. economy. On Friday, Statistics Canada reported that the annual inflation rate dipped to 1.2 per cent in March, almost completely reversing the previous month's unexpected jump. Meanwhile, European central bankers publicly hinted at the need for further interest rate cuts in order to support prices.
The markets
Earnings surprise on the upside
Goldman Sachs reported a surprising 20% jump in profits on Monday, and said it will use proceeds from a $5-billion stock sale to help repay the government bailout money it received last fall. Intel also reported higher-than-expected earnings, but its shares slipped 5% after the world’s leading chipmaker refused to provide guidance on future earnings expectations. Meanwhile, better-than-forecast results out of Citigroup and General Electric were announced on Friday to a mixed response by investors.
Our recommendation
Be selective in building equity portfolios
· Equities. Increasing evidence suggests the market may be approaching fair value and is vulnerable to a pullback. Stephen Uzielli, Portfolio Manager, Portfolio Advisory Group believes the current strength in equities is merely a rally in the context of an ongoing bear market as opposed to the beginning of the next bull market. Investors should take profits in long trading positions or holdings that have become overvalued or do not represent long term, core holdings. In the event of an inevitable pull-back, continue to accumulate equity positions in anticipation of the next bull market for stocks
· Fixed income. Chris Kennedy, Associate Director, Portfolio Advisory Group, says high-quality corporate bonds, such as Canadian banks and insurance companies, continue to offer attractive yields relative to government issues. Although credit spreads have tightened significantly, they still remain wide, and we recommend that investors following the laddered portfolio process add exposure to these sectors when rolling maturities at this time.
· Portfolio strategy. With volatility still at record highs, it’s important to review the impact on your portfolio allocations and ensure that your holdings remain appropriate for your goals and risk tolerance.
Jeff Wareham
Wealth Advisor
ScotiaMcLeod
148 Fullarton Street,
Suite 1801
London, ON
N6A 5P3
Tel: (519) 660-3260
Toll Free: (800) 265-1242
Fax: (519) 660-3208
Email Jeff
Visit my website
Greg Holland
Tel: (519) 660-3239
Email Greg
Ann Martin
Tel: (519) 660-3260
Email Ann
Unsubscribe
Privacy Policy and Legal Disclaimer
TM Trademarks used under authorization and control of The Bank of Nova Scotia.
ScotiaMcLeod is a division of Scotia Capital Inc., Member CIPF
This publication is intended only to convey information. It is not to be construed as an investment guide or as an offer or solicitation of an offer to buy or sell any of the securities mentioned in it. The author is an employee of ScotiaMcLeod, a division of Scotia Capital Inc. ("SCI"), but the data selection, analysis and views expressed herein are solely those of the author and not those of SCI. The author has taken all usual and reasonable precautions to determine that the information contained in this publication has been obtained from sources believed to be reliable and that the procedures used to summarize and analyze such information are based on approved practices and principles in the investment industry. However, the market forces underlying investment value are subject to sudden and dramatic changes and data availability varies from one moment to the next. Consequently, neither the author nor SCI can make any warranty as to the accuracy or completeness of information, analysis or views contained in this publication or their usefulness or suitability in any particular circumstance. You should not undertake any investment or portfolio assessment or other transaction on the basis of this publication, but should first consult your investment advisor, who can assess all relevant particulars of any proposed investment or transaction. SCI and the author accept no liability of whatsoever kind for any damages or losses incurred by you as a result of reliance upon or use of this publication in contravention of this notice. All performance data represents past performance and is not indicative of future performance. Scotia Capital Inc. and its affiliates collectively beneficially own in excess of 1% of one or more classes of the issued and outstanding equity securities of Royal Bank. Within the last 12 months, Scotia Capital Inc. and/or its affiliates have undertaken an underwriting liability with respect to equity or debt securities of, or have provided advice for a fee with respect to Royal Bank. TM Trademark used under authorization and control of The Bank of Nova Scotia. ScotiaMcLeod is a division of Scotia Capital Inc., Member CIPF.
The big picture
Cautious optimism – rate of economic contraction seen slowing
On Tuesday, U.S. Federal Reserve (the Fed) Chairman Ben Bernanke expressed confidence that the pace of economic decline will slow in the coming months. The Fed backed up this statement with a report detailing weak economic activity for March and early April, and predicting further economic contraction, albeit at a slower pace. To help alleviate some investor concerns, the Obama administration announced plans to disclose the results of “stress tests” that were applied recently to 19 top U.S. banks.
The Bank of Canada’s (BoC’s) quarterly Business Outlook Survey echoed the Fed’s cautious optimism, reporting that while Canadian business leaders see continued economic weakness, they are now slightly less pessimistic than three months ago. The BoC will make its next interest rate announcement on April 21.
U.S. consumer prices unexpectedly slid into deflationary territory last month, marking their first full-year decline in more than half a century and underscoring the continuing weakness of the U.S. economy. On Friday, Statistics Canada reported that the annual inflation rate dipped to 1.2 per cent in March, almost completely reversing the previous month's unexpected jump. Meanwhile, European central bankers publicly hinted at the need for further interest rate cuts in order to support prices.
The markets
Earnings surprise on the upside
Goldman Sachs reported a surprising 20% jump in profits on Monday, and said it will use proceeds from a $5-billion stock sale to help repay the government bailout money it received last fall. Intel also reported higher-than-expected earnings, but its shares slipped 5% after the world’s leading chipmaker refused to provide guidance on future earnings expectations. Meanwhile, better-than-forecast results out of Citigroup and General Electric were announced on Friday to a mixed response by investors.
Our recommendation
Be selective in building equity portfolios
· Equities. Increasing evidence suggests the market may be approaching fair value and is vulnerable to a pullback. Stephen Uzielli, Portfolio Manager, Portfolio Advisory Group believes the current strength in equities is merely a rally in the context of an ongoing bear market as opposed to the beginning of the next bull market. Investors should take profits in long trading positions or holdings that have become overvalued or do not represent long term, core holdings. In the event of an inevitable pull-back, continue to accumulate equity positions in anticipation of the next bull market for stocks
· Fixed income. Chris Kennedy, Associate Director, Portfolio Advisory Group, says high-quality corporate bonds, such as Canadian banks and insurance companies, continue to offer attractive yields relative to government issues. Although credit spreads have tightened significantly, they still remain wide, and we recommend that investors following the laddered portfolio process add exposure to these sectors when rolling maturities at this time.
· Portfolio strategy. With volatility still at record highs, it’s important to review the impact on your portfolio allocations and ensure that your holdings remain appropriate for your goals and risk tolerance.
Jeff Wareham
Wealth Advisor
ScotiaMcLeod
148 Fullarton Street,
Suite 1801
London, ON
N6A 5P3
Tel: (519) 660-3260
Toll Free: (800) 265-1242
Fax: (519) 660-3208
Email Jeff
Visit my website
Greg Holland
Tel: (519) 660-3239
Email Greg
Ann Martin
Tel: (519) 660-3260
Email Ann
Unsubscribe
Privacy Policy and Legal Disclaimer
TM Trademarks used under authorization and control of The Bank of Nova Scotia.
ScotiaMcLeod is a division of Scotia Capital Inc., Member CIPF
This publication is intended only to convey information. It is not to be construed as an investment guide or as an offer or solicitation of an offer to buy or sell any of the securities mentioned in it. The author is an employee of ScotiaMcLeod, a division of Scotia Capital Inc. ("SCI"), but the data selection, analysis and views expressed herein are solely those of the author and not those of SCI. The author has taken all usual and reasonable precautions to determine that the information contained in this publication has been obtained from sources believed to be reliable and that the procedures used to summarize and analyze such information are based on approved practices and principles in the investment industry. However, the market forces underlying investment value are subject to sudden and dramatic changes and data availability varies from one moment to the next. Consequently, neither the author nor SCI can make any warranty as to the accuracy or completeness of information, analysis or views contained in this publication or their usefulness or suitability in any particular circumstance. You should not undertake any investment or portfolio assessment or other transaction on the basis of this publication, but should first consult your investment advisor, who can assess all relevant particulars of any proposed investment or transaction. SCI and the author accept no liability of whatsoever kind for any damages or losses incurred by you as a result of reliance upon or use of this publication in contravention of this notice. All performance data represents past performance and is not indicative of future performance. Scotia Capital Inc. and its affiliates collectively beneficially own in excess of 1% of one or more classes of the issued and outstanding equity securities of Royal Bank. Within the last 12 months, Scotia Capital Inc. and/or its affiliates have undertaken an underwriting liability with respect to equity or debt securities of, or have provided advice for a fee with respect to Royal Bank. TM Trademark used under authorization and control of The Bank of Nova Scotia. ScotiaMcLeod is a division of Scotia Capital Inc., Member CIPF.
Friday, April 17, 2009
Add income generating alternatives to your portfolio
Day after day, I am seeing investors looking for a second opinion on their financial situation. Every situation is different, but one consistent theme is the need for secure income. Many investors are surprised when I show them that this is a fantastic time to add income generating alternatives to their portfolios. Bonds, preferred shares, guaranteed withdrawal benefit plans, and annuities are all able to add income and safety to your portfolio. Building these elements into your plan takes expertise, but it really is a fabulous time to rebuild your wealth, and secure your future cashflow.
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 Inc, member CIPf
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 Inc, member CIPf
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