The smart move is to limit your activity to setting up your finances and investments in a way that carries you through all eventualities
Whatever happens in the U.S. election Tuesday, do not make any important financial decisions in the immediate aftermath. Tense times distort our sense of reality in a financial sense. We look for ways to mitigate uncertainty and to protect our assets.
This kind of commentary is conjecture presented to create an aura of expertise that helps sell analyses, investment products or portfolio management services. Financial commentators know you’re worried, so they are eager to be seen as having answers to avoid the worst and make money out of mayhem. Start by asking yourself: What can I do with my finances to ease my mind in case of stress caused by personal or world events? An obvious answer is to have an emergency fund of cash to carry you through a job loss or a decline in income. Keep the money in a high interest savings account that can be used for purchases via a debit or prepaid credit card. Having enough to cover a few months of household expenses is ideal, but even a few hundred dollars could make a difference.
Apply the same thinking to cryptocurrency. Bitcoin prices jumped about 15 per cent in the past month, and the world’s biggest bitcoin fund, the U.S.-listed iShares Bitcoin Trust ETF , added an impressive US$872 million in net new money in a single day last week. Investors are betting on the potential for a win Tuesday by crypto-friendly Republicans.
Canada News Breaking News Video Canadian Breaking News Breaking News Globe And Mail Breaking News Globe And Mail Canada News Photos World News Local News National News Us News Foreign News Sports News Arts News Life News Lifestyle Canada Traffic Canada Weather Trudeau Government Federal Government Canada Sports Canada Sports News Politics Politics News Political News Political Opinion Environment Economy Technology Education Travel Canada Alberta Bc British Columbia Manitoba Ontario Quebec Nova Scotia Pei New Brunswick Newfoundland And Labrador Nunavut Northwest Territories Yukon Globe And Mail
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Not-so-smart things people do with their money when interest rates fallThe problem with low rates is they’re kind of like a drug that impairs your judgment
Read more »
Travel smart with these clean & organized essentialsSmart finds that will keep your trips seamless and stress-free!
Read more »
The book(s) on turning your retirement savings into reliable incomeIt’s important to highlight resources that can help people make smart decisions
Read more »
Opinion: Allvin’s roster revamp, Tocchet’s toughness raise hopes for CanucksSmart spending and disciplined coaching give Vancouver a fighting chance as the 2024-25 season opens
Read more »
Opinion: Allvin’s roster revamp, Tocchet’s toughness raise hopes for CanucksSmart spending and disciplined coaching give Vancouver a fighting chance as the 2024-25 season opens
Read more »
Council to consider adding a city staffer to reach Bear Smart statusAdvisory committee submits several recommendations to council
Read more »