Peering at investment portfolios isn’t for the faint of heart lately.
It’s been a great year for anyone investing in the stock market.
But in just under a month, all the gains made this year have been nearly erased.
North American markets have been on a free fall.
Economists say developments around the world have investors looking for safer returns.
“There’s concerns about recession in Europe, there’s weakness in some of the most recent U.S. data and also a lot of the geo-political risks. Ebola is another issue that may be concerning many out there,” says Derek Curleton, an economist with T.D. Resources.
Analysts predict the volatility on the markets will likely continue into early 2015.
Many experts also predict our loonie will lose more ground, down to about 87 cents U.S.
Those kind of predictions are prompting questions for the vast majority of people saving for retirement.
Financial planners say only aggressive investors with high risk portfolios should be reviewing where the money is going.
“It doesn’t generally affect the individual investor who is invested in things like mutual funds or a diversified investment… If you have a portfolio of GIC’s and bonds, this is really a non-issue and non-event,” says Barry Desrosiers, a financial planner with the Bank of Montreal.
Experts suggest the slump is a good reminder to review your investments with an advisor to make sure you have the right mix.
If you’re a speculator and looking for opportunities in the market, on the other hand, now is the time to buy low.
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