As far as moving clients into fixed income in the summer of 2007, I advocated such a move for a number of my clients. For other clients, I advised them to stay put or to invest more. It really depends on the individual and his or her goals.

Don’t you ever get tired Gord? There is so little truth in this latest diatrabe it is sad. Really, get a life, I’m not that important. Leasa

By Leasa on 11.26.08 8:42 am

No one else on this blog has lied to so many about so much.

If veracity were currency you would be bankrupt.

Do you still insist that I beat my wife?

Still never answered the question about your qualifications

Omniscient, omnipotent and omnivorous. — Garth

By John on 11.25.08 4:53 pm

LOL…way to go Garth! What is all this BS about credentials anyway? Anyone who doubts your intellect and insight only has to review the predictions you have made over the years to see how accurate you have been.

Your insights on the future have saved our family well over $100,000 in potential capital losses in our RRSPs since August 2007.

Most Registered Financial Planners make their money from commissions paid on the sale of mutual funds, and as such are basically salespeople.

Ask anyone you know if their financial advisor suggested that they convert their assets into cash in the summer of 2007 or earlier. What you’ll find is that as the markets softened most financial advisors suggested a ‘wait it out’ strategy and told their clients to hold onto their mutual funds. Why? So they could make their trailing fees and protect their income.

I’ll take proven intellect and insight over a few pieces of ‘qualification paper’ any day.