2020 Q1 – Planning, Thinking, Acting. In that Order.

Mar 1, 2020

by <a href="https://www.fostergroup.ca/author/foster-associates-financial-services-inc/" target="_self">Foster & Associates</a>

by Foster & Associates

Financial solutions for Canadian families since 1994.

The events of the past six weeks have been nothing short of shocking: From the loss of life, worldwide travel restrictions and quarantines, closed businesses and schools, to record stock market corrections and sky-high volatility, we are all reeling. The physical and psychic toll they take on us is only amplified by the nonstop media coverage. All of which is impossible to escape, especially for those of us that are self-isolating.

As governments and leaders struggle to coordinate effective fiscal, monetary and health care policies, it’s no wonder fear and panic are the order of the day. It’s precisely at times like these that the value of working with a trusted financial professional really becomes apparent.

Below is a chart provided by our friends at National Bank Investments, highlighting the 10 worst quarters the TSX has ever experienced in its history, along with performance in subsequent years. The common takeaway in each instance is to stay invested over the long term.

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DISCLAIMER: Estimates and projections contained herein represent the views of the writer and are based on assumptions that the writer believes to be reasonable. This information is given as of the date appearing on this report, and the writer and Foster & Associates Financial Services Inc (“Foster”) assume no obligation to update the information or advise on further developments relating to securities. The material contained herein is for information purposes only. This material is not intended to be relied upon as a forecast, research or investment advice, and is not to be construed as an offer or solicitation for the sale or purchase of securities, or as a recommendation for you to engage in any transaction involving the purchase of any Foster product. Investors should carefully consider the risks of investing in light of their investment objectives, risk tolerance and financial circumstances

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