Many people are currently investing as though they will not experience a severe market downturn and, as a result, may well be whistling past the graveyard when it comes to their own portfolio
. That is not to say people should run for the hills. However, it does mean people must reflect carefully on their true risk tolerance and adjust holdings if needed. It’s better to make purposeful decisions when the problem is merely hypothetical than to make reactionary decisions when the problem becomes real – and highly emotional.
John De Goey is a portfolio manager with Designed Securities Ltd. . DSL does not guarantee the accuracy or completeness of the information contained herein, nor does DSL assume any liability for any loss that may result from the reliance by any person upon any such information or opinions. Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter.
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