I see the rising interest rate as a very big problem, as more investors will definitely pull out more money from the Stock market. This might have worked when I was still invest-ing with a couple thousand dollars, but it is more difficult now to decide whether to pull out more than $365k from my port-folio. I know some inves-tors still make that despite the strong bear market. In wish I could pull that feat
I think the whole thing about holding stocks for long term will always apply. So I think you should get a quality broker who is able to analyze and pick stocks that will do well in the long term, else you will be in a long bear ride.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a broker, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
Is it true that Canada just revised the CPI calculation to have more weight on mortgage interest? If so .. interest rate cuts will more quickly reduce CPI reads. Just a little shady :)
Trying to predict BoC rate cut is like rolling a dice. BoC was clear with their words, if job market isn't tanking they have no need to cut rate, according to their own standards they shouldn't even have cut rate earlier, but they cut rate anyways.
Macklem sucks. I still remember him saying in 2020 when HSBC was offering mortgage at 0.99% that rates will stay low for a long time. Gues what they did not. Macklem is as as trustworthy as this government
I ran the numbers on a jug of milk.. 5.59 - 2.9% inflation is 16 cents, 2.7% is 15 cents and 2% is an annual increase of 11 cents… a couple years ago inflation was ripping high, and it didn’t matter, now all we hear is this BS over a couple cents.
