Another thing, depending on the amount of money invested, most people cannot find better value for every dollar invested than they can when they invest in mutual funds. While the fund companies generate an expense for their administrative efforts, they almost always come in cheaper than investing individually through a discount broker. This tells us that funds are owned by so many different unit holders that the collective pays a reduced fee, not the individual investor.

If you are in now, let it be. Don’t sell. Mutual funds are intended to sit for the long-standing. This is a 1-3 day bear market. Wait it out. And keep in mind, you haven’t mislaid money until you vend.
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Happy New Year Monty and everyone.

I agree with Bill K Leckter. I have not opened my fund group correspondence for 6 months. There are so many quality stocks like Proctor and Gamble, Johnson and Johnson, Ge Capital to name a few at such terrific value. A gentleman from CIBC was interviewed by Amanda Lang on BNN, thought our TSX would finish at 11000 in dec/09. Very encouraging.

I would sure be concerned if I was 69, not able to have an income and be ready to draw from an RRSP in this market. I am so glad to be in a profession that I can always be earning money.

Have a great day everyone. Jeepman2

I will stay away from all US stocks, mutual funds and the American dollar. Don't be fooled into thinking that the market has bottomed and things will start getting better soon.

The US economy will be getting much worse this year and the government is not helping by bailing out companies. Expect a lot of banks and lots of other companies to go bankrupt this year. That will only bring the market down.

The sub-prime mortgage crises was bad but there are a lot worse things things that are just starting to show. Things like the Alt-A Loans or mortgages. Watch this:

http://youtube.com/watch?v=5IeixTAzhjE&feature=related

There are also the credit default swaps (CDS) that have already bankrupted some banks will take out a lot more this year. Watch this:

http://youtube.com/watch?v=DdEI6PkGZK8

The US government does not have any money. So where are they getting the money to bailout these companies? They are printing the dollars like there is not tomorrow. By flooding the market with US dollars they are devaluing their currency. Just watch the value of the US dollar later this year. Stay away from the US dollars!

By devaluing their dollar they will see inflation rise through the roof in the US. That will cause the interest rates to go up and will slow the economy even more. This is all fundamental Macroeconomics.

Watch what Peter Schiff has to say:

http://www.youtube.com/watch?v=UxStIY7cACU&feature=related

Here is what I will be looking to buy this year:

- Gold or gold stocks
- Oil stocks
- Solid Canadian and non US companies with REAL profits (companies that pay dividends)

I will be staying away from anything US.

There's no doubt, it's a buyers market. Good quality Bond funds seem to be holding steady so far if you're already invested. If I had money to gamble I'd be buying GM stocks right now. We know those whiners will get money from the feds, yours and mine...
Five years from now you'll wish you had invested....now I'll put money on that!

If I had the money right now I'd be slamming it into the stock market. Yup, they're falling, but if you're careful where you put your money it will come back... and for those with the money to invest the gains could be astronomical.

The ones losing money are the ones who panic.

I'm always surprised to find out how many seniors have left their money in risky investments. Once I'm too old to recover from lost funds my money will be transferred to secure investments. Meanwhile, I gulp and open my accounts to have a look every so often... and wait for the rebound.

I opened a statement a month or two ago and saw how much I had lost...

Then I decided not to open another statement for a year or two...

Just leaving 'em there... The market will rebound...

Hey Foghorn...

It's kind of hard to know what to do these days..
There is so much talk about the market going up, and then there are those who talk about the stock markets dropping another 50%.

It's almost better to put money into fixed income securities for the time being.

Well... I thought I made some good adjustments in early September...exchanged Money Market funds for Equities (which I figured had tumbled as far as they would)....Not so!
Have been watching the values drop since! So now...we sit back and watch the war. When the smoke clears I'm hoping to rise above the loses although this may take a few years.
C'est La Vie !

What are you doing with your mutual funds these days?

This is a pretty scary question, especially when alot of mutual funds are based on stock investing. It's pretty hard to cope with having your mutual funds cut in half.