It’s time to talk about investments, no matter how diverse they may be. Whether it’s in stocks, cryptocurrencies, ventures, let’s discuss them! Ask questions, discuss the markets, or compare your portfolios.
It’s time to talk about investments, no matter how diverse they may be. Whether it’s in stocks, cryptocurrencies, ventures, let’s discuss them! Ask questions, discuss the markets, or compare your portfolios.
I think that was my problem. My risk Level was 5. I had dropped as low as -20% and am still at -10%.
I did recently switch over to higher risk, though. The main reason I didn’t was because I wanted to use some of these investments within a few years so low risk was what they recommended.
If you plan on using the money quickly, going with lower risk may be the right choice. Wealthsimple has probably used bonds for that though, and those have taken a beating in the last few years with the interest rates going back up.
Depending on your plan, you may be better off putting your short term money in a HISA ETF : long term, you should get better returns with bonds, but short term, their volatility is superior to those of HISA ETF. If your money is necessary for your short terms projects, ie not having it may affect your plan, you may consider a safer bet.
It was my plans to use that money until my investment tanked. So I’m holding off using it for a while. This is good input. Thank you
Great. I’m sure you know it, but you really don’t have to go all-in in S&P500 or even in equities: it may be highly logical depending on your situation to have more savings/fixed income and less equities, especially if you have short term plans.
Yeah, I’m learning that. I’m understanding more why some folks use GICs since they are guaranteed and I have more control of when I want to use the money
Just be careful with GIC, as some of them may lock your money for their complete length, which may not be convenient if you may need the money quickly, for example to buy a house.