Investments – What Would October Be Without Some Market Volatility?
Well before we start running for the hills let’s look at where we have come from to see if we can crystal ball where we are going.
Investments – Financial Planning
Since the market last bottomed out in 2009, Canadian and U.S. Markets have rallied on an accumulated basis over 110% and 200% respectively. During that 5 year period of extraordinary growth, we have endured US political deadlock, the Greek default of 2010, Eurozone crisis in 2011 and now we have the conflicts in the Middle East, Russia acting as a bully and slowing economies in Russia and China.
Countering that is:
- Steady growth in the U.S. and record low jobless claims with falling prices (in the U.S. anyway) at the gas pumps.
- The investment funds we recommend continue to produce positive return in 2014 following their very strong 2013 returns.
So what does this mean?
In my opinion this is a normal and healthy correction necessary when markets tend to get ahead of themselves.
Our fund managers actually anticipated this event and recently moved to more defensive positions in their portfolios.
In other words – it is business as usual and we continue to be satisfied with your fund allocations and management.
Contact Us
Call us at 1-800-665-7707 for a complimentary review to see if any of our proven financial strategies will work for you. Please do not hesitate to contact Ron or myself if you have any questions or want to discuss your portfolio.
