Having watched the events unfold over the past 30 days, we understand that the emotional response to your September statement may be difficult. Many of you may be wondering where you stand and whether you are still on track to achieve your long term goals. The markets in the last week have seen remarkable swings up and down, as the United States in particular is in a period of unprecedented short term political and financial uncertainty. Extreme short term fluctuations are almost certain to be with us for a while yet; despite those ups and downs, prospects for the mid and long term are very bright. We are confident that we’ll look back upon this period as a truly outstanding buying opportunity.

Over the next while, we will be looking at your current holdings and comparing them against other opportunities to ensure that you have the best possible portfolio when a rebound takes place. When the markets recover, it could happen with breathtaking speed as there are tremendous pools of cash waiting on the sideline earning 1% or less.

In the next two weeks, we will be contacting as many of our clients as possible to talk about what’s happening in the markets. In the meantime, should you have any questions about current market circumstances and their impact on your portfolio; as well as prospects for the period ahead, give us a call at (403) 543-0006. If you’d prefer to make an appointment to talk on the telephone or to meet in person, please call Dexter (403) 543-0006.

Please remember that we’re always available to answer any questions you might have - don’t hesitate to call. Thank you for the continuing opportunity to work together.
David Friesen & Clinton Rebec
The Friesen Group