Rob Carrick says investing for the long term means accepting short-term uncertainty, risk and losses
Readers of this newsletter were asked a few weeks ago to send the personal finance questions they were embarrassed to ask because they’re so basic. Hundreds of replies have come in so far, and I’m ready with answers.
But first, a broad look at what people want to know about. Just over 30 per cent of the questions are about portfolio-building and specific investments, and 20 per cent are about retirement. Other popular categories include mortgages, how investment advisers and financial planners work, how to start DIY investing and economic matters like inflation, interest rates and the dollar.
The most unique question might be this one: “Best time to book an all-inclusive family vacation to Caribbean? Is it months ahead or last minute?” I’ll defer to readers on that – reply to The most universal question: “How do you manage risk in an increasingly chaotic world? I still want to make money, and invest in balanced asset allocation exchange-traded funds and GICs. But with the way things are going in the United States, it seems that even having a longer horizon doesn’t mitigate risk.” Answer: Investing for the long term means accepting short-term uncertainty, risk and losses. If you can hold for five to 10 years, you’ll do fine with an asset mix like you laid out here.
It is important to know that insurers investigate most claims and will try to determine if misrepresentations were made when getting the policy. For example, if a policyholder had a history of depression or mental instability and did not reported it, the insurer may decide not to pay the claim.”to Prime Minister Justin Trudeau’s post on X that U.S. tariffs on Canadian exports have been paused for one month.
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