Articles to help clients stay positive

Date: 2009-03-02

Tags: Client communication

Amidst today's gloom and doom, advisors need all the support they can get to help clients maintain a balanced perspective on prospects for the period ahead.Below are six articles from the Globe and Mail's Report on Business that appeared in the last week that you can send to clients and may help you in keeping them on track - and might even help you stay positive as well.



Eyeing equities? Look for pricing power
Derek DeCloet, Sat, Feb 28

There are no more customers in Robert Krembil's world, no phalanx of personal assistants, no salespeople, no day-long investment meetings. He's just a guy with an office and a telephone, which he answers himself. But still it does ring. And lately, as the U.S. stock market dropped to levels not seen since Diana and Dodi were filling the tabloids with fresh material, the people on the other end of the line are sounding ever more worried, or depressed, or something.

"It is the risk takers who will benefit from the turmoil"

Wednesday, Feb 25

With negative news hitting daily, and more yet to come, it's difficult to get optimistic about the stock market and the future of investing. Over time, however, the economic situation and companies' profits will improve. While it's not clear how fast and how strong the rebound will be, it is clear that this downturn will end - just as it was clear that the previous upturn was also bound to come to an end.

http://www.theglobeandmail.com/servlet/story/LAC.20090225.ATANASSAKOS25/EmailTPStory/

"Worst numbers already behind us'"

Friday, Feb 27

The Canadian economy is still in decline, but the rate of slippage appears to be moderating and a recovery will likely take hold by the end of this year, Bank of Montreal economist Douglas Porter said in a report yesterday.

http://www.theglobeandmail.com/servlet/story/LAC.20090227.RECONOMY27/EmailTPStory/

"Belief in market gloom can be self-fulfilling prophecy"

Saturday, Feb 28

Recency effect' causes people to look to recent past to guide future actions

http://www.theglobeandmail.com/servlet/story/RTGAM.20092227.wtakingstock0228/EmailBNStory/SepcialEvents2/

"The Second Great Depression? It's too soon to judge"

Roy Macgregor, Monday, March 2

We will leave it to history to pinpoint precisely when Chicken Little became an optimist - but for me, the moment happened on a cold, wet morning last week.There will be blood, screamed the Globe and Mail headline. The worst is yet to come, predicted a talking head on Canada AM.

http://www.theglobeandmail.com/servlet/story/LAC.20090302.MACGREGOR02/EmailTPStory/

"Divas of doom find their fame in peddling the direst of fortunes to pessimistic masses"

Saturday, Feb 28

Bleak is chic as demand grows for dark oracles of blood-filled streets and 'zombie banks'

http://www.theglobeandmail.com/servlet/story/RTGAM.20090227.wbloodpointerhome/EmailBNStory/crashandrecovery/