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How should young Canadians invest in bonds?
– moneysense.ca
For young investors who are building the fixed-income portion of their portfolio, it’s best they keep their approach simple and go for low-cost investment options, experts say.
“If they’re just starting out, they don’t need to maybe source out an individual bond right away. I think there are a lot of products now that make it easy to get exposure and be a little more diversified, like ETFs,” Diana Orlic, a senior wealth adviser with Richardson Wealth, said in an interview.
Most investors understand that having fixed income is part of a well-balanced portfolio, and yet many don’t quite know how to best get exposure to bonds.
The first steps Orlic typically takes with younger clients is to educate them about the bond market and understand their financial goals and time horizon.
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Markets have taken a nosedive after U.S. President Donald Trump’s announcement of sweeping global tariffs last Wednesday (April 2).
While it can be worrisome to see markets drop around 10% in a matter of days, experts emphasize the importance of not making any rash moves.
“First and foremost, absolutely avoid panic selling,” said Tony Maiorino, head of RBC’s Family Office Services team.
Retirees might think they don’t have the time horizon to recover from steep losses, but for many, the timeline is still relatively long so it’s important not to miss out on recovery days, he said. “If you miss the best days, it dramatically impacts that rate of return.”
Consider the tax implications before selling assets
Portfolio rebalancing is important for everyone, but especially for retirees who might no longer be contributing to their investments and are relying especially on capital gains…
