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Market Volatility Commentary | |
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January 2008The new year started with some of the wildest swings we have seen in a long time. Here is our January 2008 issue of the Managed Money Reporter newsletter, with more details: August 2007We sent the following information to clients and discussed market volatility in our August newsletter. See: February 2005Thankfully, the markets of the last two years have been on a nice recovery trend. While we still haven't regained the highs of 5 years ago, we are pleased that our advice in 2002 and 2003 to remain invested has been appropriate. This may even be a good time for clients to make their accounts a bit more conservative to lock in some recent gains. We will continue to review market conditions and advise in our regular emails to clients about any changes required. March 2004 - Budget UpdateThe recent budget had little in the way of changes for individual investors. RRSP limits remain unchanged, and there are no new tax prepaid savings plans that had been mentioned in the past as a possible new investment vehicle. RESP grants will be increasing for lower income families, and there will be new Canada Learning Bond also for lower income families. We will be reviewing those changes in a future issue of this newsletter. The Federal Government Budget site dealing with Education is at: http://www.fin.gc.ca/budget04/pamph/paleae.htm The income trust market will see some changes for pension plans and foreign investors, but the impacts on individual Canadian investors in income trusts are not terribly significant. For specific details on income trusts, link to: http://www.dynamic.ca/SM/S113/IncomeTrustDiscussionFederalBudget.pdf
http://www.scotiacapital.com/English/bns_econ/federal.pdf March 2003As tensions rise and the war in Iraq develops, it is helpful to keep in mind how markets have behaved long term. Fidelity has a good graphic January 2003The year started with 5 great trading days, and then 5 lousy days. Our January Issue has advice for this year's RRSP contributions, and your asset allocation. September 2002The best article we have come across so far about the state of the markets: Battling a Bear by Frank Russell.  July 2002If you are in need of some good news, check out tax freedom day information. As of June 28th, your paycheques go to you, not the government. For more reasons to be optimistic, check out this great brochure from Franklin Templeton outlining 5 Great Reasons to Invest in 2002 (.pdf 199k). Also available, is the follow-up brochure, 5 More Great Reasons to Invest in 2002 (.pdf 221k). September 2001We are deeply saddened by the tragic events that unfolded in the United States on September 11th. Our deepest sympathy is extended to everyone affected by this terrible affront to freedom. While we expect that the market volatility in the wake of these events may test the patience of investors, we still feel that a buy & hold strategy will prove the most prudent in the long run. We reported on the risks of cashing out in times like these in the October 2001 issue of the Managed Money Reporter. We have obtained market commentaries from the following sources that may help in assessing the situation: Market Commentaries
Please visit our Market
Watch page for daily updates, including information from our Director
of Equity Trading, Fred Ketchen.
Contact your investment team to
discuss your individual situation. April 2001We have again been experiencing a significant downturn in the markets worldwide. A table outlining past market corrections and their subsequent recoveries, (.pdf 13k) provides valuable insights. A chart of long term market performance provided by Fidelity shows the same information in a graphical format. Long term, markets have always gone up. For more information about the value of a buy and hold philosophy, see Market Watch. It was less than 3 years ago that the Asian Flu and Y2K were predicting the end of the world. The next 1,000 point move, up or down, is anyone's guess, the next 10,000 point move will be up. March 2000Trimark published an excellent article on technology stock hype and real values, which we reproduced in the March 2000 Managed Money Reporter. December 1999Due to Y2K concerns, many felt that would be the start of a new bear market. October 1998During the last bear market, editors of the Mutual Fund Reporter, sent out a letter with the October 1998 issue of the Mutual Fund Reporter recommending clients not try to time the market, but rather stick with a sound financial plan. This letter can be found by clicking here. Due to inherent market volatility, we continue to
counsel investors to stick with their long-term investment plan.
ScotiaMcLeod published in 1998 a timeless document discussing Investment Strategies
for the Long Term. It is available as either a HTML
file or a .pdf file (145k). | ||
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