Friday August 20, 2010 Morning Radio Advice

Once again markets are opening in the red. Worries about the economy and recovery are weighing on investors minds. US markets are down just over 1/2% and the TSX is down just shy of that. European and Asian markets were also down in a similar fashion. Bonds are rallying so if you are holding bonds you are safe today. Oil is trading below $74 a barrel and the Canadian dollar is close to 95 cents down from closing at 96 cents yesturday. Even gold is lower. There is little news today to change investor sentiment before the weekend.


Finishing the week on investment pitfalls and opportunities, Scotia research concluded that a disciplined investor tends to outperform an investor with tendancies to loss aversion, herding or availability bias. In addition, research showed a disciplined investor can generate the same return as the market with 1/2 the volatility. For a second opinion on your buy/sell discipline call me at 868-5525 or visit yourlifeyourplan.ca