With the recent
volatility in the markets, a lot of people are shying away from adding to their
equities. On the surface when markets are negative and appearing to be your
foe, in reality actually have a positive side and can be your friend.
If you are at
the end of your savings life and are now reaping the benefits and enjoying
spending your money then I agree this market volatility is your foe. If you
have an actual retirement plan then this healthy break in the markets will not
really affect you because you are currently spending cash and not having to
sell into a down market.
Where the
negative markets are your friend is when you are either dollar averaging into
your savings plan or have extra cash you have had sitting on the sidelines.
This is the time you get to have a bigger bang for your buck. Markets are on sale
and now you are getting some pretty nice discounts on investments you already
own by investing into what some will refer to as their foe.
People in
general have mostly done things backwards and that is selling in the down
markets and investing in the up markets. Emotionally I understand it is
difficult to want to hold on to something or buy more while you watch your
investment going down on paper. If you want to have the opportunity of
increased returns then your friend is normally when the markets are acting like
your foe. Think about the market volatility as your friend and always discuss
with your investment advisor the opportunities that are available for your
situation.
Linda
J. Levesque, CFP®, FMA, FCSI®
Sr.
Investment Advisor
Director,
Private Client Group
HollisWealth®, a division of Industrial Alliance Securities Inc.
HollisWealth®, a division of Industrial Alliance Securities Inc.
Levesque
Wealth Planning is a personal trade name of Linda J. Levesque
Insurance
Advisor
Hollis
Insurance Inc.
One
Corporate Plaza, 2075 Kennedy Road, 5th Floor, Toronto, ON M1T 3V3
Tel: 416-412-8018 / 1-800-322-4030
Fax: 416-332-6772
linda@levesquewealthplanning.com
Tel: 416-412-8018 / 1-800-322-4030
Fax: 416-332-6772
linda@levesquewealthplanning.com
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This information has been prepared by Linda
J. Levesque who is an Investment Advisor for HollisWealth® and does not
necessarily reflect the opinion of HollisWealth. HollisWealth® is a division of
Industrial Alliance Securities Inc., a member of the Canadian Investor
Protection Fund and the Investment Industry Regulatory Organization of Canada.
The information contained in this newsletter comes from sources we believe
reliable, but we cannot guarantee its accuracy or reliability. The opinions
expressed are based on an analysis and interpretation dating from the date of publication
and are subject to change without notice. Furthermore, they do not constitute
an offer or solicitation to buy or sell any of the securities mentioned. The
information contained herein may not apply to all types of investors. The Investment
Advisor can open accounts only in the provinces in which they are registered. Levesque Wealth Planning is a personal trade
name of Linda J. Levesque. Insurance products provided through Hollis Insurance
Inc. For more information about HollisWealth, please consult the official
website at www.holliswealth.com.