Market turmoil is a series of sharp rises and declines in stock prices due to economic, political and other factors.
Stock market turmoil is often accompanied by a flood of economic statistics and analyses of government economic policies and how they may affect markets. You may feel tempted to try to figure out what the economy will do next, and invest accordingly. But economic forecasting is hard enough. When you try to forecast market trends based on economic forecasts, you are virtually certain to fail. As Peter Lynch (one of the world’s top mutual-fund managers from the 1970s through the early 1990s) wrote, if you spend 12 minutes a year worrying about the economy, you’ve wasted 10 minutes.
Investors should resist the urge to over-analyze and try to predict the future. If the situation continues to change rapidly, or if market turmoil takes an unexpected turn, you could find yourself stuck with costly and unprofitable investments in your portfolio.
Market turmoil will come during your investing career. We recommend not overreacting. Instead, focus your efforts on long-term investing—and follow TSI Network and use our three-part Successful Investor strategy:
The key to finding the “hidden gems” in penny stocks is to understand and avoid the risks that go with them. You get the benefit of Pat McKeough’s decades of experience—and his specific recommendations—in our special report, TSX Penny Stocks: Hot Canadian Penny Stocks and How to Invest in Penny Stocks in Canada, on TSI Network. Claim your FREE copy right now!
GREAT-WEST LIFECO INC. $25 (Toronto symbol GWO; Conservative Growth Portfolio, Finance sector; Shares outstanding: 944.3 million; Market cap: $23.6 billion; Price-to-sales ratio: 1.0; SI Rating: Above Average) is Canada’s largest insurance company, with $441.9 billion of assets under administration. Great-West also provides retirement-planning and wealth-management… Read More
EMERA INC. $21 (Toronto symbol EMA) earned $0.05 a share in the three months ended September 30, 2008, down 86.5% from $0.37 a year earlier. If you disregard a writedown and one-time costs, Emera would have earned $0.22 a share in the most recent quarter… Read More
As I’ve said several times in the past few weeks, you can only spot a market bottom (a reversal in a falling trend in stock prices) in hindsight. Then too, a market can hit bottom, put on a healthy bounce, then go back down to… Read More
ALGONQUIN POWER INCOME FUND $2.88 (Toronto symbol APF.UN; Shares outstanding: 77.4 million; Market cap: $222.8 million; SI Rating: Extra Risk) dropped sharply in price recently after the fund cut its monthly distribution by 73.9%, to $0.02 from $0.0766. The units now yield 8.3%.
Prior to the… Read More
Stocks in our Aggressive Portfolio, such as these four, tend to be more highly leveraged and more volatile than those in our Conservative Growth or Income-Seeking Portfolios. These four also operate in the Manufacturing sector, which is generally more risky than, say, Utilities. As well,… Read More
This downturn is going a lot further down that I ever expected. I still see it as a financial panic, rather than an indicator of the depth of the recession that now seems to have started. In other words, the market drop reflects a drying… Read More
FORD MOTOR CO. $8.27, New York symbol F, gained 10% this week after billionaire investor Kirk Kerkorian offered to buy up to 20 million common shares (1% of the total outstanding) at $8.50 a share. If successful, Kerkorian would own roughly 5.7% of Ford.
The… Read More
Many members of my Inner Circle have asked the same question this week: Is it time to buy?
If I had to choose between “Buy” and “Sell”, I’d say “Buy”, by a big margin.
Having said that, I’m obliged to repeat a caveat you’ve often heard from… Read More
Computer technology stocks are among the most volatile in the Manufacturing & Industry sector of the economy, as we’ve seen with the current market turmoil.
We think that the best way to invest in technology is through large, established, broad-based technology companies capable of funding expensive… Read More
I’d choose ‘Buy’
Many members of my Inner Circle have asked the same question this week: Is it time to buy?
If I had to choose between “Buy” and “Sell”, I’m going to say “Buy”, by a big margin.
Having said that, I’m obliged to repeat a caveat… Read More
Learn everything you need to know in '7 Winning Strategies for Dividend Investors' FREE Special Report from The Successful Investor.
The Best Canadian Dividend Stocks to Buy: REITS Canada and other Top Canadian Dividend Stocks.
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