: I have read the pages in Gordon Pape’s TFSA book about how to invest based on percentages and types of investments at certain ages. There is a whole section called Variable Investments which my Manulife Investment Manager has not included in the “Buy and Hold” portfolio he has us in. Is that something we should be concerned about?
Are those types of investments just not relevant in this unstable market especially going into the next couple of months? Thank you so much.First, let me extend my best wishes to your husband. As a cancer survivor, I have some idea of what he is going through. I hope the treatments work. This is only an important consideration if you need steady, predictable cash flow from your securities. If not, don’t be concerned that there is no separate category in your portfolio.
There are several factors to consider. First, what is the long-term approach? Presumably, if he passes, you will still want the money invested somewhere. You need to decide where that will be. GICs offer more safety and a reasonable rate of return at this time but tie up your money until maturity. The stock market offers more long-term growth potential but short-term risk. The extent of that risk depends on what you own.