This is Jeff Wareham, ScotiaMcLeod Wealth Advisor, with some thoughts for investors outgrowing their mutual funds.
Many of the financially successful people I meet are entrepreneurs, and these people have very special financial planning needs.
Often, if a significant portion of your wealth is invested in your business, you need to look very carefully at the risks you face, and work with professional partners who understand the unique needs of entrepreneur investors.
Tune in Saturday at 8:30, as Scotia Bank Account Manager Dave McKerlie and I discuss the special financial planning needs of professional and business owners. portfolios.
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, August 20, 2008
Tuesday, August 19, 2008
August 19, 2008 Morning Spot
This is Jeff Wareham, ScotiaMcLeod Wealth Advisor, with some thoughts for investors outgrowing their mutual funds. If you missed Saturday's show, I spoke on diversification as the key to surviving market volatility. Many investors understand this, and buy a basket of mutual funds to achieve diversification. The problem is, many funds move in tandem, as they tend to hold very simillar equities. Most funds hold many of the stocks that make up the index against which they are neasured, so if you hold multiple Canadian equity funds, you will likely find that their prices very similarly to the index, and each other. With a two or three percent management fee, you are very likely to underperform. Have you outgrown your mutual funds? For a review of your portfolio, or a complimentary copy of my CD, visit my website, 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 a prospectus before investing. Views expressed are those of the author, not Scotia Capital. ScotiaMcLeod is a division of Scotia Capital, member CIPF.
August 19, 2008 Morning Spot
This is Jeff Wareham, ScotiaMcLeod Wealth Advisor, with some thoughts for investors outgrowing their mutual funds. If you missed Saturday's show, I spoke on diversification as the key to surviving market volatility. Many investors understand this, and buy a basket of mutual funds to achieve diversification. The problem is, many funds move in tandem, as they tend to hold very simillar equities. Most funds hold many of the stocks that make up the index against which they are neasured, so if you hold multiple Canadian equity funds, you will likely find that their prices very similarly to the index, and each other. With a two or three percent management fee, you are very likely to underperform. Have you outgrown your mutual funds? For a review of your portfolio, or a complimentary copy of my CD, visit my website, 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 a prospectus before investing. Views expressed are those of the author, not Scotia Capital. ScotiaMcLeod is a division of Scotia Capital, member CIPF.
Saturday, August 16, 2008
Market wrap August 15
This is Jeff Wareham, Scotia McLeod Wealth Advisor, with your daily
market wrap... Toronto's TSX closed 262.21 points lower at 13096.70.
While The Dow closed 43.97 points higher at 11659.90,
The NASDAQ was 1.15 points lower at 2452.52, (comment), and the S&P
finished up 0.41
percent, or 5.27 points...oil settled at 113.69 US dollars per barrel and
the
Canadian dollar closed at 0.9443.
This is for information purposes only, Best efforts have been made to
furnish accurate data...Performance data does not represent future
performance. ScotiaMcLeod s a division of Scotia Capital, member CIPF
market wrap... Toronto's TSX closed 262.21 points lower at 13096.70.
While The Dow closed 43.97 points higher at 11659.90,
The NASDAQ was 1.15 points lower at 2452.52, (comment), and the S&P
finished up 0.41
percent, or 5.27 points...oil settled at 113.69 US dollars per barrel and
the
Canadian dollar closed at 0.9443.
This is for information purposes only, Best efforts have been made to
furnish accurate data...Performance data does not represent future
performance. ScotiaMcLeod s a division of Scotia Capital, member CIPF
Wednesday, August 13, 2008
August 13, 2008 Morning Spot
This is Jeff Wareham, ScotiaMcLeod Wealth Advisor, with some thoughts for investors outgrowing their mutual funds.
I frequently discuss the impact of fund management fees on overall fund returns.
Yesterday, I encountered two major funds with management expenses well over 3 percent. That is nearly thirty percent of the historical return of equities.
No matter how smart the manager may be, a fund with this high an expense ratio has a real challenge…the manager has to deliver about thirty percent better returns to match the return of the index. This means either greater risk, greater volatility or both. Ultimately, you, the investor, must tolerate greater risk, or lesser returns.
No wonder nearly ninety percent of mutual funds fail to meet the index against which they are measured.
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.
I frequently discuss the impact of fund management fees on overall fund returns.
Yesterday, I encountered two major funds with management expenses well over 3 percent. That is nearly thirty percent of the historical return of equities.
No matter how smart the manager may be, a fund with this high an expense ratio has a real challenge…the manager has to deliver about thirty percent better returns to match the return of the index. This means either greater risk, greater volatility or both. Ultimately, you, the investor, must tolerate greater risk, or lesser returns.
No wonder nearly ninety percent of mutual funds fail to meet the index against which they are measured.
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, August 11, 2008
August 11, 2008 Daily Market Wrap
This is Jeff Wareham, ScotiaMcLeod Wealth Advisor, with your daily market wrap for August 11, 2008.
North American markets went different directions again today.
Gold hit a new low for the year, as the US dollar continued its recent surge.
Oil followed gold lower, and energy and material stocks continued to hit Toronto...this time, the Dow finished up 46 points. The NASDAQ up 26 points, and the S&P finished up 9 points...The TSX shed 139 points. Oil ended at $114.60 dollars per barrel, and the Canadian dollar slid to 93.61 cents US. Gold closed at $825 per ounce, down 4% today.
This is for information purposes only, Best efforts have been made to furnish accurate data...Performance data does not represent future performance. ScotiaMcLeod s a division of Scotia Capital, member CIPF.
Tune in Saturdays at 8:30 AM, for Beyond Funds Market Weekly, for further information on the markets, visit my blog on AM 980's website, or at www.beyondfunds.ca
North American markets went different directions again today.
Gold hit a new low for the year, as the US dollar continued its recent surge.
Oil followed gold lower, and energy and material stocks continued to hit Toronto...this time, the Dow finished up 46 points. The NASDAQ up 26 points, and the S&P finished up 9 points...The TSX shed 139 points. Oil ended at $114.60 dollars per barrel, and the Canadian dollar slid to 93.61 cents US. Gold closed at $825 per ounce, down 4% today.
This is for information purposes only, Best efforts have been made to furnish accurate data...Performance data does not represent future performance. ScotiaMcLeod s a division of Scotia Capital, member CIPF.
Tune in Saturdays at 8:30 AM, for Beyond Funds Market Weekly, for further information on the markets, visit my blog on AM 980's website, or at www.beyondfunds.ca
August 11, 2008 Morning Spot
This is Jeff Wareham, ScotiaMcLeod Wealth Advisor, with some thoughts for investors outgrowing their mutual funds.
Last week’s US rally and Canadian slide reinforces the value of diversification. Add in a 4% move by the US greenback against the Loonie, and it sure paid to be international in your thinking.
Much of the benefit of holding a Canadian equity fund has disappeared in the last few weeks, as our currency has followed energy and material prices lower.
Is time to revisit your portfolio, and determine how you want to be positioned over the next year?
I think so.
Solid Canadian companies should form the core of most investment plans, but real opportunity exists around the world, and now is a great time to move from a basket of mutual funds, to a globally diversified portfolio.
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.
Last week’s US rally and Canadian slide reinforces the value of diversification. Add in a 4% move by the US greenback against the Loonie, and it sure paid to be international in your thinking.
Much of the benefit of holding a Canadian equity fund has disappeared in the last few weeks, as our currency has followed energy and material prices lower.
Is time to revisit your portfolio, and determine how you want to be positioned over the next year?
I think so.
Solid Canadian companies should form the core of most investment plans, but real opportunity exists around the world, and now is a great time to move from a basket of mutual funds, to a globally diversified portfolio.
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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