But while it can be easy for your emotions to take over if you've got money invested in the market, experts agree that there's no need to panic if you're invested in the right type of portfolio with the right level of risk.
If this applies to you, it may be necessary to de-risk your portfolio by reallocating some of your investments in stocks and equities into bonds, GICs or savings accounts. "If nothing has changed, if it's just that the markets are going bananas, then you should just leave it alone. But if something significant has changed … that really changes what you're doing now. It doesn't mean that you drastically slam on the brakes on the highway and start selling. These things should have some forethought," said Keehn.
"I would say check it as less often as you can, because if you don't need the money for 10, 20 or even 30 years, it doesn't make sense to check it daily," he said. While the recent market downturn may feel painful, Keehn says that in the long run, this is simply a "blip." While the S&P/TSX Composite Index is down nearly 13 per cent since the start of April, it has still increased an average of 4.63 per cent annually over the last five years and 5.10 per cent over the last 10 years.Joordens says economic downturns can be quite stress-inducing and it can be easy to make emotional knee-jerk reactions.
"Quite often that works out well for us. If a bear steps in front of us that's what we want to happen. We want our primitive limbic survival system to take control and get us through this," Joordens explained.
Experts protecting their own interests.
because they need to keep your money to pay for their lives.
We’re all sick of hearing from “experts”
I remember when 'experts' told us inflation was transitory and that 2 doses would 'stop the spread'. In the real world, when you screw up you get fired. Time to get new experts.
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Are they the same “experts” during Covid?
Your experts are actually not impartial and are far from experts.
You shouldn't panic. But you should be buying real estate. Especially with enough property to grow your own food. That's where the value will be.
Experts my ass
Experts are wrong 😑
'Experts' also told us the 'vaccine' was safe and effective.
If you panic, the experts lose their shirts. The experts are far from unbiased.
Don’t panic, get injected with experimental gene therapy drugs, all is gold, do it, inject inject inject, no worries about disease or death!
Because on July 4th, Trumps announcing he’s running again.
Do opposite the experts says...
Lololol that’s a crock of lies. It’s 2008 all over again CTV
Because they don’t want to lose their management fees?
These people are full of 💩 , Experts say .
Hmmmm what was the expert opinion in 2008?
CTV employees should have fought back against their leftyverse Directors and managers. You caved soooo easily and now you are complicit in bringing on 1981 part duex.
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