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Thread: Investment/Mutual Funds

  1. #1
    Smart Canuck frugal50's Avatar
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    what's going on?
    i lost money
    is there a stock market crash i don't know about
    This thread is currently associated with: N/A


  2. #2
    Financial Advisor ashedfc's Avatar
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    Read all my posts, specially in the "Economic update" thread.. The stock market is linked to the general economy (which is not doing as people expect it to be doing)..

    Protect your wealth, that's the most important investment thesis now.. It's all about protecting the purchasing power of your money.
    i_forget and aemi like this.

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    searching for answers i_forget's Avatar
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    You are not the only one......I highly doubt it is going to go any where but down for the next long while.

    I am always trying to be safe because I have a grim outlook, so I have been looking for a GIC that will cover inflation for the next 3-5 years.

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    Smart Canuck frugal50's Avatar
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    i lost like $10,000.00 already!!!

  5. #5
    searching for answers i_forget's Avatar
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    That is a lot. Review your investments quickly and decide where you want to go. I am not a big fan of Mutual Funds. I am a firm believer that the stock markets are just Casinos for the banks.
    carlyincanada and frugal50 like this.

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    Smart Canuck
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    Investement & mutual funds are meant to be held long term. If it's just a question of looking at your investment and it's gone down by $10,000, and you haven't sold then, you haven't lost any money.

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    Smart Canuck frugal50's Avatar
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    Quote Originally Posted by blueeyetea View Post
    Investement & mutual funds are meant to be held long term. If it's just a question of looking at your investment and it's gone down by $10,000, and you haven't sold then, you haven't lost any money.
    it's locked in, very long term...... another 20 years at least.

  8. #8
    Financial Advisor ashedfc's Avatar
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    Quote Originally Posted by frugal50 View Post
    it's locked in, very long term...... another 20 years at least.
    You can always move from one fund to another fund of the same fund family (this kind of transfers are allowed during lock-in periods).

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    Smart Canuck frugal50's Avatar
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    Quote Originally Posted by ashedfc View Post
    You can always move from one fund to another fund of the same fund family (this kind of transfers are allowed during lock-in periods).
    i'm not locked in per say...... i have an investment account and i don't plan to touch the money for at least 20years or more.

  10. #10
    CaLoonie
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    As mentioned above, unless you have sold your fund, you haven't lost any money.

    That being said, if the market turbulence is making you lose sleep, you should talk to your advisor. Perhaps your risk level needs to be adjusted.

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    Smart Canuck frugal50's Avatar
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    Quote Originally Posted by Carlotta View Post
    As mentioned above, unless you have sold your fund, you haven't lost any money.

    That being said, if the market turbulence is making you lose sleep, you should talk to your advisor. Perhaps your risk level needs to be adjusted.
    no i'm not losing any sleep over it....... nor did i sell my funds, my advisor is on holidays - will call to discuss my risk options.

  12. #12
    Smart Canuck frugal50's Avatar
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    Quote Originally Posted by Carlotta View Post
    As mentioned above, unless you have sold your fund, you haven't lost any money.

    That being said, if the market turbulence is making you lose sleep, you should talk to your advisor. Perhaps your risk level needs to be adjusted.
    no i'm not losing any sleep over it....... nor did i sell my funds, my advisor is on holidays - will call to discuss my risk options.

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    CaToonie aemi's Avatar
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    Quote Originally Posted by ashedfc View Post
    Read all my posts, specially in the "Economic update" thread.. The stock market is linked to the general economy (which is not doing as people expect it to be doing)..

    Protect your wealth, that's the most important investment thesis now.. It's all about protecting the purchasing power of your money.
    How does one protect the purchasing power of the money? Except buying Gold!
    Always have your stuff when you need it with @Dropbox. Get up to 18 GB in free online storage when you sign-up using this link -> http://db.tt/218DjYg

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    Financial Advisor ashedfc's Avatar
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    Quote Originally Posted by aemi View Post
    How does one protect the purchasing power of the money? Except buying Gold!
    Anything with stays above par with inflation will protect your purchasing power..
    Gold is the go to place, because its the only asset which has been since 5000yrs, & has survived all currency crisis, debt crisis, liquidity crisis in the past. Several currencies have come & gone, & Gold has been considered as money (thats why even central banks hoard Gold). Gold the most liquid, universal market, & has a same pricing across the globe.

    Apart from Gold, there are several other asset class, but all have limited exposure, & counterparty risk.

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    Smart Canuck frugal50's Avatar
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    i checked my funds just now, wheeeeeeeeeeeeewww .... it just went back up again!

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