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The year in stocks. 2017: Bitcoin, dope and Trump
– moneysense.ca
Wall Street had a great year in 2017. The Canadian market managed only a small gain. (Cultura Travel/WALTER ZERLA)OK, let’s say goodbye to the market in 2017.
Your editors at MoneySense are almost always going to steer investors into a reliable but boring Couch Potato portfolio of a few low-fee exchange-traded funds and advise you to resist the temptation to jump in and out of individual stocks (with the exception of sticking with our All-Star stock picks). But it’s still helpful to take stock of the hot stocks and dogs once in a while, and see how trends how are playing out. So let’s look back.
It was the year of dope stocks. And Bitcoin stocks, which, frankly, we find pretty dopey as well (we aren’t touching either of them). And who could forget the impact of a new president in the U.S.? The Donald, who called the market under his predecessor a “big, fat, ugly bubble” that was not to be trusted. Does the market like his tax cuts? You bet. And his commitment to slashing as much red tape as he can, whatever the consequences…
