Winnipeg Free Press - PRINT EDITION

Beyond 'buy low, sell high'

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JOSEPH Alkana would like investors to forget they ever heard the expression "buy low, sell high."

It's not that the investment advisor at PI Financial doesn't believe the long-held axiom, but too often it boxes people into only looking at the stock market.

Millions of Canadians hold billions of dollars in mutual funds and they're all banking on a rising stock market to boost their value.

"They're diversified but they're putting their hopes in a market rally between now and whenever they want to retire," he said.

Using a combination of vehicles such as preferred shares, corporate bonds, convertible bonds, stocks in individual companies and options can create cash flow from a variety of sources that don't move in lock-step with the TSX.

"The idea is you're going to generate growth in your portfolio from asset classes that aren't all correlated and don't go up and down together," he said.

PI Financial will host a workshop at the Winnipeg Free Press News Café on Saturday at 10 a.m., where it hopes to educate investors on alternative strategies they can consider. It will be presented by Alkana and fellow PI adviser David Derwin.

Republished from the Winnipeg Free Press print edition November 16, 2012 A2

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