By David Baskin|
2019-01-12T11:43:31+00:00 January 10th, 2019|
The great stock market crash, which lasted from September 2008 to April 2009, was a traumatizing event for most investors, including our clients. But there were lessons learned. David recaps what these were and how they are relevant in today's markets.
Falling markets are discouraging and disconcerting. It is natural that investors want to protect their portfolios when it seems like the market is going down on a daily basis. Stock markets are volatile but the pendulum tends not to swing in one direction for too long. At some point, the market will price in all the (perceived) bad news and start to recover. During these turbulent times, the best course of action is to control your emotions and not lose perspective.
In the first installment of this series we discussed how to budget projected expenses during retirement. This installment will analyse the taxes a Canadian can be expected to pay throughout her or his retirement, and common strategies for tax minimization.