How Canada Investors Are Navigating Turbulent Economic Times

The current economic environment has presented significant challenges for Canada investors. With inflation at multi-decade highs and stock markets experiencing bouts of volatility, many are feeling anxious about meeting their financial goals. A recent survey found that nearly 60% of Canada investors feel concerned about their investments. However, with a strong plan and expert guidance, it is still possible to navigate these turbulent times.

Seeking to better understand Canada investors’ sentiments, Scotiabank polled individuals about their outlook. Those who met regularly with an advisor reported higher confidence levels, with 80% feeling secure compared to just 61% without recent guidance. Clearly, professional help is making an impact for many Canada investors looking to make sense of today’s complex and shifting landscape.

Strategies For Resilience

So what steps are Canada investors taking to bolster their resilience? Diversifying into different asset classes like bonds, real estate and commodities that don’t always move in tandem with stocks is one tactic. Rebalancing portfolios periodically is another way to ensure the optimal mix over time. Many Canada investors are also utilizing dollar cost averaging to benefit from buying more shares when prices are lower. Maintaining a long-term perspective regardless of short-term setbacks is equally important.

With experience and knowledge on their side, Canada investors can feel empowered, even during volatile stretches. As Neal Kerr of Scotia Global Asset Management noted, having a comprehensive plan and working closely with a trusted advisor provides needed reassurance. For those committed to their investment goals, periods of uncertainty may just be temporary speed bumps on the road to achieving financial success and security. Staying disciplined and focused on the long game is key.