Beware home ice advantage, urge advisors

By: Wealth Professional | January 13, 2014

Read More, and see what Mike Gomes says about the Canadian dollar dropping in value.

The now-rock bottom value of the loonie has advisors cautioning clients against the quite-understandable home country bias – a phenomenon actually paying off with the currently slide.

“I think that inclusive or exclusive of the dollar, (investors) are always leaning towards Canadian-based investments,” says Mike Gomes of IRONSHIELD Financial Planning.

“Canada represents such a small portion of global investments out there.  I think (investors) will branch out.”

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