It is important to not let the emotion of fear override the potential opportunity. Even small incremental investments using dollar cost averaging to optimize lower prices can make a difference in the long run of a portfolio and remains a viable volatile market investment strategy.
It can be easy to let one small piece of the timeline throw you off your investment strategy. Investment values go up and down, it’s the very nature of the market. Investors will do themselves a favour if they take a moment to stop and remember short term reports reflect merely one small part of a long journey.
Market volatility paired with dollar-cost averaging means investor opportunities. Purchasing at regular intervals allows the investor to have a strategic process in place to take advantage of these opportunities as they come along. The time is right to embrace a strategy that works best in volatile markets.
So, you own a mutual fund and you understand some basic things about it. You know your money is invested in a variety of stocks and bonds.
How do we put a price tag on the value of long term financial advice?
When people think about the value their financial advisor provides, many immediately think about investment returns. However, looking at returns alone is taking a narrow perspective because it’s only one part.
Frances Donald, Managing Director, Global Chief Economist, and Global Head of Macroeconomic Strategy explains why she believes the pandemic will play out in three stages and will accelerate macrotrends already at work.
What could sports betting and gambling possibly have to do with an economic and market update? Well, it’s 2020 and it seems anything is possible. Here is the connection.
According to the Canadian Anti-Fraud Centre, there have been a number of COVID-19 related scams aimed at the most vulnerable by taking advantage of fear and misinformation. It’s important to keep yourself and your loved ones, especially those who may be more susceptible to fraud, armed with the facts.
Amidst the economic fall out of the Covid-19 pandemic, the Canadian government announced a 25% reduction in RRIF minimums as part of a multi-billion dollar relief package.When you are in a RRIF, you are mandated to withdraw the minimum amount required by law each year. In this scenario, when the market drops drastically the RRIF payment you receive equates to you selling that portion of your portfolio at a low.
While we don’t know what the ultimate effects of the coronavirus will be on investment markets, it can be helpful to look to the history for reference and see how the market has performed during virus outbreaks in the past.
Equity markets around the world are falling as investors react to the increased economic risk posed by the spread of the Coronavirus, or COVID-19.