Should you update your financial plan given recent volatility? May 22nd

TSX getting you down? There are always sound investment alternatives.
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Kylie Jenner, Forbes spar over story on billionaire status - CTV News May 30th

Kylie Jenner, Forbes spar over story on billionaire status  CTV NewsForbes Strips Kylie Jenner of Billionaire Status as It's Revealed She Was Inflating Her Net Worth  Yahoo StyleKylie Jenner is no longer a billionaire, according to Forbes‘Forbes’ Revo.... More »

Biotech stocks: are they worth a shot? May 25th

There’s a hot new investment on the market that wouldn’t have been on many people’s radars only a few weeks ago: COVD-19 vaccine-makers. Since March 16, when quarantine began in earnest, Moderna, a Cambridge company that’s making a novel coronavirus vaccine, has climbed by 244%. Novavax, a R.... More »

Will Justin Trudeau unveil a four-day work week in Canada? - National Post May 28th

Will Justin Trudeau unveil a four-day work week in Canada?  National PostPM wants employers to re-hire, cites 'enormous financial pressure' being felt  CTV NewsFormer Australian PM says he was 'disappointed' with Justin Trudeau in 2017  CBC NewsTrudeau, allies call for .... More »

India asks internet service providers to block WeTransfer - Jun 1st

India asks internet service providers to block WeTransfer  TheChronicleHerald.caIndia blocks File transfer service WeTransfer - here's what we know  TechradarWhy is WeTransfer banned in India: Know all about it  India TV NewsGovernment of India bans WeTransfer file shar.... More »

Is there a case for investing in retail right now? May 31st

Reitmans. JCPenney. Pier 1. True Religion. J.Crew. Neiman Marcus. These are just a few of the retailers that have filed for bankruptcy in 2020—and could become names no one mentions again. Everyone knows that retail has been ravaged by COVID-19, but it’s still wild to see how many big brands hav.... More »
The COVID-19 pandemic is causing wide-ranging impacts on people’s investments, jobs and businesses. There are events that may trigger significant personal changes for someone’s financial planning, but COVID-19 has caused sudden changes for many people all at the same time.
For those who are concerned about their investments right now, we should start with some perspective. The TSX is down about 8% over the 12 months ending April 30, 2020. The S&P 500 is up about 3.5% in Canadian dollar terms. The FTSE Canada Universe Bond Index is up about 8.5% over that period. Despite a sharp correction in March, markets have rebounded nicely. And the year-over-year numbers do not look all that bad for a balanced portfolio that is hopefully break-even.
If someone had a predominantly Canadian portfolio, or only owned a few stocks in hard-hit sectors, their investments may not look so great right now. Or if an investor panicked and sold in March, they may have missed out on the 30% recovery as stocks have bounced back from the recent lows…

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