By most definitions, markets are up right now. A market high isn’t immediate cause to reassess your long-term investment strategy, but it’s a great time to consider your short-term options. If you are thinking about accessing funds from your portfolio in the next three years and you have yet to inform us of this plan, now is the time for us to have a discussion.
You ideally want to withdraw your funds from a position of strength rather than a position a weakness. 18 months ago, the TSX and S&P 500 fell to 11,229 and 2,237 respectively and as of September 29, 2021, they are at 20,158 and 4,359. We are currently in a position of strength.
If you have a home purchase, car purchase, home renovation, major travel plan (cross fingers), gifting to children, etc. you intend to make in the next 0-3 years and have not discussed it with us, we kindly ask that you contact us as soon as possible to ensure your portfolio is positioned appropriately for your objectives.