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S ome investors may not to be doing as well based Investment Company Institute illustratas expected because of misleading informa- ing investors' actual performance is not as good tion in the investment business. as it should be. Many time the market and thus This isn't intentional but no effort is being have poor investing results. Leading up to the made to inform on the possibility of incorrect 2008 stock market decline, U.S. investors were information. Investors are being misled about investing more funds in the market than they the performance of their own investments when withdrew. Then the stock market plummeted in they see the stock market's performance numbers value. Those who remained invested have been and how well the mutual funds they own have rewarded with signi cant gains over the last done based on gains over a speci c period. ve years. They have recovered their losses and Most, however, don't pay made substantial pro ts. close attention to how well Unfortunately, U.S. investheir own investments are tors were net sellers of mutual performing. This may be funds during the last ve years due to both the investor's when U.S. mutual funds had lack of interest and poor in$535 billion of out ow bevestment reporting. tween 2008-13. More money Many stay informed by was leaving than was being inGuest Contributor listening to occasional data vested at a time when the marbeing released, such as the ket was increasing in value. stock market has increased The conclusion individuals by an amount over the last few years. would make is they could do the same. But huHad they invested during that time, they may man behaviour shows there is likely going to have a con dent but misguided feeling of as- be continued market timing by investors. Hissumed success. General industry performance tory will repeat itself as many investors will fail information considers you were invested during to achieve those same results. A fund company the entire period. will show how well the fund has done over the Many, however, attempt to micro-manage their last several years. Should they add a disclaimer investments by buying and selling because they saying the tendency of individuals is to time feel they can make money in the stock market. the market and warn returns will likely be lowSimply put, some investors make a good in- er than if they had stayed invested? vestment in stocks that have a history of doing -- Submitted by Peter Watson, MBA, CFP , very well over time. Then, they sabotage their efR.F .P ., CIM, FCSI., Certi ed Financial Planner fort by moving in and out of the market. A form of "bait and switch" where the investor is shown something of good quality but ends up with something of lower quality. Yes, the stock sell-install-delivery market has done well during the last 100 years, but when you are in and out of the market you get an entirely different result. Attempts to time the market in most cases have produced extremely poor performance results. We have information from the U.S.- Focus on own personal investments 13 | Thursday, August 28, 2014 | OAKVILLE BEAVER | www.insideHALTON.com Halton.ca 311 Household Waste Collection Notice Please Note Collection Day Changes Mon Tues Wed Thurs Fri Sat Labour Day Oakville Dollars & Sense Peter Watson Area 1, 2, 3, 4 Labour Day September 1 2 3 Area 5, 6, 7, 8 4 5 6 Collection Moves Collection Moves Due to the Labour Day holiday, household waste collection services the week of September 1 will take place the day after your regular collection day. Please place your waste at the curb by 7 a.m. on your scheduled holiday collection day. Find your waste collection day at Halton.ca/wastecalendar Sign up for weekly email, or phone call waste collection reminders. Download your waste collection calendar to your personal iCal, Google calendar or Microsoft Outlook calendar. Print your own collection calendar. Just a Countertop Halton Waste Management Site will be closed Monday, September 1, 2014 Open Monday to Saturday · 8 a.m. to 4:30 p.m. 5400 Regional Road 25, Milton Regular Operating Hours CONCRETE Premium Granite Back to school! Waste-free lunches Packing a waste-free lunch makes it easy to reduce our waste. There would be a lot less garbage going to the landfill if every student, teacher and parent packed a waste-free lunch. We can have a positive impact on the environment by reducing our waste. 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