July 1, 2020
When an investment decreases in value during intense market volatility, consider waiting until the market recovers before adjusting your portfolio. Due to unprecedented pandemic fear on March 23, 2020, the Toronto Stock Exchange (S&P/TSX) dropped to 11,228.50. In less than three months on June 16, it was at 15,515.80—a 38% rise from its March low. 1
Professional fund money managers understand that market cycles, and such market shocks call for cautious patience.
1 TSX Source: Yahoo Finance.
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