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Volatility and the Canadian Market (S&P/TSX)
Posted on September 10, 2008 at 1:22 pm
Filed Under Financial Markets, Financial Planning, Investment Planning
Stay Focused, Stay Invested, Stay Diversified
There is no question that you have heard a lot about the recent volatility the Canadian market has seen in the last couple of months, and specifically the month of September.
I can say that I understand your fears and reservations when it comes to our current Canadian and Global economies. I am still confident however in market trends and the fact that with every great fall comes a great rebound, historically speaking.
Your Take-Away: Considering the overall “gloom and doom” we are reading about or hearing about every day recently, I wanted to provide you with a great education piece entitled “Stay Focused, Stay Invested, Stay Diversified”. This document speaks specifically to what we saw in early January when the S&P/TSX market tumbled a total of 605 points and then recovered with a rebound of 508 points the very next day. It also speaks to the importance of staying focused and staying invested by demonstrating the result on a portfolio if you were to miss the best 10, 20, 30, 40, 50, and 60 days in a ten year window.
Rest assured that I personally understand the feeling of watching my own portfolio take a hit over the last few weeks and months. I urge you to take a look at the document attached and ensure that you don’t make any rash decisions. Simply put, stay the course and I am confident you will reap the rewards.
Until next time, have a Wonderful Wednesday!
Chris
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