Investment Advice on the Radio

Markets are under a little pressure so far this morning. The TSX is still red with no positive news out today in Canada. Oil futures were lower as concern eased about the impact from tropical storm Alex in the Gulf of Mexico. The market also shrugged off G20 summit as lackluster. Despite the President Obama's call for continued stimulus, Canadian and European leaders pushed for austerity. In the end the G20 committed to half their deficits by 2013. In the US markets have turned green, likely on positive economic news. Consumer spending rose in May, Incomes and savings also rose and inflation pressures are muted. Asian markets closed mixed while European markets are up on bank shares.

The Portfolio Advisory Group Fund Research group came out with a case study that gives some very interesting results on the psychological challenges of three different types of investors: "The Loss Averse Investor", "The Herd Follower" and the "Disciplined Investor." For a copy of this report give me a call at 868-5525 or visit yourlifeyourplan.ca.