Many have their eyes on the stock market which has taken a couple of major tumbles since COVID 19 started to spread.
620 CKRM’s financial analyst Brian Golly with Smart Investing Services has one tip of advice.
“It’s not the time to panic,” Golly said. “We have been getting calls from clients, and basically what we’re seeing out there is the market trying to price fear, and when you see that, we’re in uncharted territory.”
Golly said you should look at your portfolio and that you may be surprised that you’re not as bad off as you may think.
“Many people will probably be surprised if they’re properly diversified, have a good savings plan in place, that if the diversification’s working for them and they’re not down as far as the market goes, and all those types of things,” Golly said. “I think it’s a good time to re-evaluate your portfolio, make sure you have good quality exposure to good, solid balance sheets, good quality companies.”
On Friday, both the TSX and Dow Jones had big bounce-back days with the TSX finishing up by over 1,200 points.
