Wall Street stormed back last week after absorbing a long-awaited rate hike from the Federal Reserve, leaving investors to determine whether stocks are set for a sustained rebound or more turbulence. The TSX, meanwhile, closed at a record high on Friday and is now positive for the year.Three safe havens to consider amid the current market turmoil
Investors spent the past two years counting their profits. Now they’re counting their worries. Start with the worst inflation in four decades. Then add a bloody war in Europe. As well as a lingering pandemic, slowing earnings growth and rising interest rates. Problem is, there are no obvious safe havens for investors to gravitate to. But there are some interesting hedges against what could happen next.
The popular Hamilton Enhanced Multi-Sector Covered Call ETF has a yield of about 8.2 per cent. Whenever a yield reaches into the high single digits, it’s imperative to dig deeper. In HDIV’s case – as with many similar high-yielding products – there is a lot going on behind the scenes that investors need to understand before taking the plunge.Bloggers and YouTubers have been creating down-to-earth and friendly financial content since well before the pandemic.
on how to filter out the mass of bad-to-downright-ugly financial content and find the best of what finfluencers have to offer.Patti Dolan doesn’t see an urgency to rush into the market right now, even if the volatility presents buying opportunities in some sectors. But Ms. Dolan, a senior wealth adviser and portfolio manager at Wellington-Altus Private Wealth in Calgary, who oversees about $285-million in assets, has been making some adjustments to the portfolios she runs.