For What It's Worth; How Does This Recession Compare To The Last Two?
If the recent volatility and pullback in the value of your portfolio have you losing sleep and reaching for your phone then I strongly suggest that we get together BECAUSE this pullback is nothing compared to the last two recessions. As you can see below, the first large circle is the dot-com bust and then the recession (bombing of twin towers). The next circle is the late 2007 till early 2009 period dubbed the ‘great recession’.
The recent ‘correction’ is nothing compared to these and nothing compared to the pullback during a ‘normal’ recession.
Now is the time to review your goals and cash flow needs… NOT after a 20-30% drop brought about by the fears (or reality) of a recession.
Now is the time to build some protection into your plans.
For those with cash flow needs (includes a RRIF) I am attaching interest rates for 1-3 year GIC’s. These rates have moved higher over the last 12 months.
For cash flow needs beyond that I suggest:
Corporate bonds such as Invesque
December is a great month to take stock and plan for 2019.
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‘historical analysis does not reflect future returns’