“How did it get so late so soon?”- Dr. Seuss
Staying Invested is the First (and Second) Rule of Investing
As we rapidly approach the holidays – and the end of the decade! – we thought it would be worthwhile to share this informative piece that National Bank Investments published recently. This quick read is a great reminder to remain invested during market turbulence.
You can read the full piece here. A summary of the high-level points are here, and as clients at You First, you will be familiar with all of these pieces of encouragement:
- Volatility Is Consistent: don’t fall into to the trap of panic-selling or trying to time the market.
- Market Volatility Doesn’t Last Forever: in the short-term, it can feel like a bumpy ride; over the long-term, it ends up feeling like a gradual, slow & steady, rise. Remain consistent with your long-term investment strategy
- The Power of Dollar-Cost-Averaging (DCA): establish a regular contribution plan, rather than one-off savings strategies. This way, you don’t need to re-discover your commitment to saving every few weeks/months.
- Remember to Diversify: portfolio diversification is critically important. Don’t be overly concentrated in any one region or sector. It is difficult to predict which regions/sectors will perform well or poorly in a given time frame. Stay diversified!
Weekly Update – By The Numbers
|North America||Friday Close||Weekly Change||Weekly % Change||YTD % Change|
|Canada – S&P TSX Composite||16,997||-43||-0.25%||18.67%|
|USA – Dow Jones Industrial Average||28,015||-36||-0.13%||20.10%|
|USA – S&P 500||3,146||5||0.16%||25.49%|
|USA – NASDAQ||8,657||-8||-0.09%||30.47%|
|Gold Futures (USD)||$1,465.00||-$1.00||-0.07%||14.01%|
|Crude Oil Futures (USD)||$59.07||$3.90||7.07%||28.89%|
|CAD/USD Exchange Rate||$0.75||$0.00||0.15%||2.95%|
|Europe / Asia||Friday Close||Weekly Change||Weekly % Change||YTD % Change|
|MSCI World Index||2,296||4||0.17%||21.80%|
|Switzerland – Euro Stoxx 50||3,692||-12||-0.32%||23.03%|
|England – FTSE 100||7,240||-107||-1.46%||7.61%|
|France – CAC 40||5,872||-33||-0.56%||24.12%|
|Germany – DAX Performance Index||13,167||-69||-0.52%||24.70%|
|Japan – Nikkei 225||23,354||60||0.26%||16.68%|
|China – Shanghai Composite Index||2,912||40||1.39%||16.76%|
|CAD/EURO Exchange Rate||€ 0.68||€ 0.00||-0.22%||6.30%|
|Fixed Income||Friday Close||Weekly Change||Weekly % Change||YTD % Change|
|10-Year Bond Yield (in %)||1.842||0.066||3.72%||-31.52%|
Sources: National Bank Investments, Yahoo Finance, Advisor.ca
This information is provided for general information purposes only. It does not constitute professional advice. Please contact a professional about your specific needs before taking any action.