Warren Buffet says the retail investor should stick with the NO COMMISSION Index funds, and in times of volatility we have followed this advice and enjoyed gains of up to 9% in 1 mth holding period do 2-3 times in a year and you will average what we did this year 17.5%.
Check the TSX index today it is officially down 10% which is termed as a correction.
In the next 3-6 trade days this will be at the bottom from a technical review. The bottom was 13646.49 Oct 2014 and today we have touched 13890 Dec 10 2014 another 250 approx points down and this will be ready to turn around according to our chart analysis. Expectation 3-6 days.
A suggestion is to look at a product like TD E -Series, low MER and no commission but a minimum hold of 30 days. This is what makes sense in turbulent times, buy at the bottom and ride it back up. The death cross happened on the TSX Nov 24th, and now the sell signal is being fulfilled. We are not brokers or agents but we do invest in these funds when market conditions are like they are right now, 10% correction on TSX. We feel a few more days to go yet but we will be buyers.
TD Canadian Index Fund - e
Price As On: Dec 9, 2014
$23.48 0.09 (0.38%)
$23.48 0.09 (0.38%)
Fund Code-TDB900
Objective
Key Reasons To Own
- One-step exposure to large, well-established Canadian companies
- Low MER
- Lower turnover of securities results in fewer realized (taxable) capital gains, making this Fund tax efficient
Posts
