The Markets are Fine!

Hello all, this will be my first of many posts, provided I get the feedback that I intend to.


I am a Financial Planner with Investors Group so I have been seeing the effects of this "credit crunch" up close and personal. Although I.G. has one of the lowest redemption rates in the past two months compared to other money managers in Canada, it is still a daily battle with clients to help them understand the full situation.

People ask me all the time, how is work? You must be going crazy right now. What do I say in return? I tell them things are great, and everything is excellent right now. And truthfully, I don't tell my clients anything that I don't believe in 100%. I have my own investments, and I am not rushing to turn all my money into cash. The value of our investments may have dropped, but that is only on paper...you don't actually realize a loss until you redeem the funds.

One of the top performers and most influencial people in my company once said, "Do you really think that the banks are all going to disapear and not make money in the future? If this is the case then you better tell your children to drop out of school because there will be no jobs when they grow up." I tell this to each and every person who is skeptical about the markets because it is true; I mean do you really think our economy is going to go bankrupt? I don't think so.

I invite anyone and everyone to reply to my posts as I am trying to help people understand the markets a little better. The best thing for our markets right now is confidence, and that is what I am trying to re-store. This is my first of many posts that I intend to publish and your feedback is greatly appreciated.

Take care all, happy investing.