While December 2018 was one of the worst in history for global equity markets the start to 2019 has been one of the best as the chart below shows.
From the start of December till now the Canadian Market (TSX) is up just over 2.5% and the U.S. market is down slightly at 1.03%. Emerging markets are up almost 6% over this time frame.
Those who threw up there hands in frustration near the end of December (it was a difficult 3 months) may have missed the recent rally. I am in no way suggesting that the ride for 2019 will be smooth…it hardly ever is. I am suggesting (strongly) that timing the market is very difficult and we are best served by sticking to the longer term plan (hopefully there is one).
My continuing message is DIVERSIFY-DIVERSIFY-DIVERSIFY…not just between cash, bonds and stocks BUT between all assets classes available.
Take a few minutes and look at the attached link for CPP (Canada Pension Plan) See how they are invested and emulate this. That is what our goal is.
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‘historical analysis does not reflect future returns’