Decade of Daddy Mirror Fund

Although he may be known to be a bit of a worrywart when it comes to Bank of Montreal, we should heed the concerns raised by the Genuity financial services research analyst earlier today (see prior post “Genuity Research now fretting about silence from Manulife and Great West Life” September 16-08). Since BMO makes up our largest holding in the Decade of Daddy Mirror Fund™, it makes sense to exit all of our 125,000 share BMO position at $47.17 (cost base of $40.96) until we see where this goes.

We can always buy it back when the Lifeguards take down the hurricane flags. “Gettin’ Paid While You Wait” doesn’t mean you ignore the weather.

MRM