Market corrections getting you down? Thinking about moving investments out? It may not be the right call…
Back in April 2020, we wrote an article about moving investments to “safety” because of down markets. It turned out to be pretty timely advice.
For those who chose to weather the storm and stay invested, the S&P / TSX Index went on a massive run from that low point – a 64% increase from April 1, 2020 to December 31, 2021. Those who moved their funds out – cashed their investments, or moved to “safe” investments like money market funds? They crystallized their losses – they never had the chance to take part in the massive upswing that followed.
So we think it may be worth revisiting this past article … read on if you want to see the “why” behind this advice!