Wednesday, December 10, 2014

TSXFallng Fast = Opportunity To Buy Index Funds See These

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%)
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
Td Asset Management

Tuesday, December 9, 2014

CANADA STOCKS-TSX drops as oil selloff triggers global growth concerns


* TSX down 74.42 points, or 0.53 percent, at 14,069.75
* Eight of 10 main index sectors decline
* Gold-mining stocks surge with bullion price
* Talisman jumps after confirming interest from suitors
* AGF tumbles after dividend cut
By John Tilak
TORONTO, Dec 9 (Reuters) - Canada's main stock index dropped in volatile trading on Tuesday, extending a steep decline in the previous session, as the recent selloff in the price of oil fueled concerns about the health of the global economy.
Oil prices tumbled to a five-year low, weighed by fears of increasing supply and sluggish demand. They recovered later but have lost about 40 percent since June, hurting the energy sector in the process.
Shares of energy companies, which tumbled nearly 7 percent in the previous session, rebounded slightly. The negative sentiment for equities led to a surge in the price of bullion, which is seen as a safe-haven asset, helping drive up shares of gold miners.
But weakness in financials, the index's most heavily weighted sector, ensured the broader benchmark would stay in the red.
Investors tried to gauge the impact of a significantly lower oil price on the global economy, energy producers and equity markets.
"If you look at history, when you have a crash in oil prices it's not good for the overall economy," said Ian Nakamoto, director of research at MacDougall, MacDougall & MacTier.
"It seems like a risk-off trade here," he added. "Equities are out of favor. Investors are taking money off the table on equities."
The Toronto Stock Exchange's S&P/TSX composite index was down 74.42 points, or 0.53 percent, at 14,069.75. Eight of the 10 main sectors on the index were in the red.
Financials gave back 1.4 percent, with Royal Bank of Canada losing 1.3 percent to C$78.81 and Bank of Montreal falling 1.3 percent to C$78.33.
In the oil and gas group, Canadian Natural Resources Ltd advanced 1.9 percent to C$36.33, and Suncor Energy Inc climbed 0.8 percent to C$33.97.
Talisman Energy Inc's shares shot up 11.9 percent, to C$4.81, after the company confirmed it was approached by several suitors for various transactions.
The gold-mining sector jumped 4.8 percent, with Goldcorp Inc advancing 4.2 percent to C$23.24.
In other corporate news, AGF Management Ltd said it would cut its quarterly dividend by 70 percent, sending its shares tumbling 16.5 percent to C$8.10. (Editing by Meredith Mazzilli)

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