Comments on: What to do With Your Investments Right Now https://www.moneywehave.com/what-to-do-with-your-investments-right-now/ Personal Finance and Budget Travel for Canadians Sun, 10 May 2020 18:35:27 +0000 hourly 1 https://wordpress.org/?v=7.0 By: Barry Choi https://www.moneywehave.com/what-to-do-with-your-investments-right-now/#comment-209003 Fri, 03 Apr 2020 17:03:17 +0000 https://www.moneywehave.com/?p=761304#comment-209003 In reply to Marjan.

Hi Marjan,

Yes, now is an excellent time to invest since you have 30 years to work with. I would say the only thing to be aware of is that markets could drop again in the near future but they may also go up. Try to take the emotions out of it and stick to your plan.

]]> By: Marjan https://www.moneywehave.com/what-to-do-with-your-investments-right-now/#comment-209002 Fri, 03 Apr 2020 16:57:38 +0000 https://www.moneywehave.com/?p=761304#comment-209002 Hi Barry,

Thanks for your post! It’s very informative.

I’ve been saving for a year and I now have the money (and the time) to set up my couch potato retirement savings portfolio. I have about another 30 years until retirement, so I think I’m in a good position to weather a volatile market. Is now a good time for me to set up my portfolio? Is there anything to be wary of?

]]> By: Barry Choi https://www.moneywehave.com/what-to-do-with-your-investments-right-now/#comment-208984 Thu, 02 Apr 2020 15:58:47 +0000 https://www.moneywehave.com/?p=761304#comment-208984 In reply to Cristina.

Hey Cristina,

Like you said, timing is everything but the problem is, no one knows where things are going. Things could go down, things could go up, no one knows.

People who sell now think things will get worse, but these same people have no idea when things will go back up so they typically miss any gains.

History has shown that sticking to your plan typically does better than trying to time the market.

One popular saying is “It’s time in the market, not timing the market”

]]> By: Cristina https://www.moneywehave.com/what-to-do-with-your-investments-right-now/#comment-208981 Thu, 02 Apr 2020 15:07:06 +0000 https://www.moneywehave.com/?p=761304#comment-208981 Very timely Barry. My TFSA portfolio dropped 10% since February. Everyone says to stay the course and pulling out your investments during a downturn is the worse thing you can do, but I’m not so convinced. I’m thinking of selling (to avoid an even bigger loss which I think is inevitable) and then buying back in when stock prices are lower and things are on the up. Of course, timing is not easy to predict. Isn’t it better to get out now while the loss is still digestable at 10% rather than riding the wave & enduring greater losses i.e 20%, 30%, 40% during a bigger drop to come? The more we lose, the more time we’ll need to regain those losses, don’t you think?

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