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What's New |
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Our Best GIC Rate as of March 31, 2009
is
3.50%
5.00% - 10 year Insurance guaranteed
investment certificate
(rates subject to change without notice) |
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Visit
our website to find handy
Financial
Calculators
click
here!
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Your
Money Matters
April
2009 Issue
SALVAGING YOUR PORTFOLIO
After a year of stock market mayhem, is a rebuilding phase in order?
HOW NOT TO REBUILD: That
would be selling all your equity funds at this late date and moving
into cash or other safe investments, all of which will lock you into
returns of 3 percent all the way down to below 1 percent, depending
on the term. You certainly won’t lose any money, but you won’t come
back.
Maintaining
the status quo in your portfolio is a viable strategy for rebuilding
your portfolio because, with the markets having already plunged, the
level of risk you face is reduced. Staying the course is an
acceptable strategy only if you know that your investment mix is
sound.
Rebuilding
a portfolio is less a matter of deciding what funds to buy or sell
than it is a back-to-basics process that considers your tolerance
for risk and the rate of return you’ll need to achieve your
investment goals. Many investors have found in the past year that
they’re not as comfortable with the risks posed by the stock markets
as they thought they were. And yet, they may need a higher level of
return than they can get in bonds or guaranteed investment
certificates in order to generate sufficient savings for retirement
or other goals. Just because you need a higher return, doesn’t mean
the market will give it to you. In planning for retirement, you may
have to revisit your planned spending habits. It may be easier and
safer to curtail your spending habits than to get a higher return.
Another option is to increase the amount of money you save for
retirement.
It’s
more important to get yourself into the right asset mix than it is
to try to position yourself for a stock market rebound that could
erase some of your losses of the past year. Our advice, as it always
has been when we review your portfolio, is to take no more risk than
necessary to achieve your goals.
Has
anything changed in your situation? What return do you really need
to achieve your goals? Is the time frame to achieve your goals
realistic? Please call us to set up a meeting and we’ll review your
portfolio and work with you to ensure your plan is on track.
If
you know of friends and/or family members who could benefit from a
review of their investments, and their current plan, we would be
happy to meet with them for a no obligation assessment of their
situation.
Theresa Wever and the Money
Concepts Team.
Commissions, trailing commissions, management fees and expenses all
may be associated with mutual fund investments. Please read the
prospectus before investing. Mutual funds are not guaranteed, their
values change frequently and past performance may not be repeated.. |
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Russell Location |
Vankleek Hill
Location |
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1087 Concession Street, P.O. Box
269
Russell ON K4R 1E1
Tel: (613) 445-8624 |
116 Main Street
East, P.O. Box 459
Vankleek Hill, ON K0B 1R0
Tel: (613) 678-3861 |
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Toll-Free:
1-800-250-5557 -
www.moneyconceptsrv.com |
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