A story from Sunday in the Vancouver province, besides having some errors is maybe focussing on the wrong point. Is it really about when the bottom is? Quite frankly know one knows when the actual bottom will be, and furthermore even when we are at the bottom people will miss opportunity because as the markets rise, people will think “it is only temporary so it will drop” and this will delay most people to jump back in.I think it is more about whether you are looking for short term “get rich quick” stocks or are you a long term investor? If you are long term investor then already today there are some great buys. Many companies are trading at below the amount of cash they have in the bank. I could certainly go on, let’s switch to the housing market.If you wish to buy a new home, then now is a great time because you have choice and you have unprecedented discounting going on, when those existing inventory homes, or those lots currently in a builders inventory are gone or substantially lower then the rices will rise. New home are now being sold well under the market.As for the errors in the story, the writer states that stocks have not been this low since the 80′s. He may be singling out certain stocks, not sure, he was not clear but if you are talking about the overall market the prices are down to 2003 levels. Sadly this downturn has erased over four years of value but smart money will see these returns come back with a vengeance when we come out the other side.
Comments
Powered by Facebook Comments
By Nancy Messer, April 18, 2011 @ 8:05 am
The lack of knowledge of our broker world and what we provide for clients, certainly puts Corinne in the category of “uninformed and ignorant”. As for providing insurance advice, I have just completed my licensing qualification exams and will be licensed shortly, so I can provide better advice to my clients when it comes to their insurance needs (is this her “holistic” comment, that she provides Creditor Insurance?)…. As an AMP and member of CAAMP, with over 10 years previously in the banking industry and with “relationship management” experience, I know that we as brokers are continuously learning and upgrading our knowledge to better serve our clients, and develop these relationships, our clients after all are the reason we exist! There are always bad apples in the barrel, but I think RBC needs to be more careful which apple they are allowing to speak for them! Good for us! I am proud to be associated with so many great Brokers in our Maritime region!!