Before playing it “safe”
Do you know how much you have to earn with a GIC to break even with inflation and tax rates?
Selling low and buying high?
Investors know intuitively to buy low and sell high – but even the most seasoned investors can find their own emotions affect the decision-making process.
Being short-sighted can be scary
If you focus on the monthly swings, it can be quite scary to figure out when to invest or redeem. There is no pattern.
Recovery period after market downturns
No matter the cause, there has historically been a consistent pattern of strong recovery one to two years after the crisis low.
Market timing is a guessing game
When market volatility occurs, it may be tempting to pull your money out of the market. But that can have a significant impact on your investments.
Market uncertainty is a certainty
The ability to stay calm and rational during volatile markets can be an important learned skill.
5 reasons to use the TFSA
Here are five reasons why a TFSA could make sense for your financial plan.
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