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When I was in high school, I had a crush on Jean Marc McDreamy. When I’d see him, my heart pounded, my face flushed and my eyes lit up. Then, I’d run in the other direction. To this day, he’d probably only recognize me from the back.

I have the same relationship with Costco. I love it and run from it. The prices are so good I’d load up on food, dog toys and appliances. Then Terry would have to give up his closet space (relationships are filled with compromises!).

Needless to say, I don’t usually encourage bulk spending. But here’s the exception – it’s RRSP time and this year, more than ever, I strongly recommend you buy big.

Stocks are low right now. There’s truly no better time to invest. In fact, Warren Buffet, one of the world’s most successful investors, just invested $1 Billion in oil in a big way. He did this not despite market volatility, but rather because of it. Read about it here.

In his words, “Be fearful when others are greedy and be greedy when others are fearful.” Right now, many investors are fearful. This is the time for you to get greedy.

The market is low right now. It won’t stay that way. It never does. So don’t let irrational emotions sway good judgement. Market recovery comes in bursts. Missing the best few days to act can be devastating on your long-term returns. See why here.

Want to significantly increase your long-term returns? Then invest big in the low equity market for your RRSP this year. Though equity returns can fluctuate in the short term, they can become less volatile in the long term and provide potential for growth.

Still not sure? Then have a look at my previous blog for even more information.

If you don’t take big, calculated risks now then you’re taking a big risk on your retirement later. People make the mistake of thinking they’re safe because they have interest-bearing investments. However, they forget to factor in inflation. Consider the effect inflation has over just one year and then imagine it over several.

Interest-bearing investments aren’t likely to generate the growth you need for a secure retirement, let alone a happy one.

Is that really a risk you want to take?

Instead, I strongly suggest you contribute in a big way to your RRSP this year – now, in fact. You never know when the market will recover. But, you can bet it will. So contact us today and we’ll defer payment until the February 29th deadline.