Quote:
Originally Posted by Cappy
I've been slowly transferring my TFSA and RRSP to cash.
my TFSA is about 75% cash. RRSP will be about 50% cash. My non-registered will be stocks etfs due to the Capital gains taxes.
Any one else moving this way?
I know "time in market" > "timing the market" but it just seems too obvious that we are in for a recession
|
I mean the S&P 500 is already down almost 10% off highs. Market has priced in a recession the past 2 weeks significantly. The thing with the geopolitical situation this time around is policy is what is driving this economic headwind which can very quickly switch back the other way. Even more important to not make decisions on this. Time in the market IS greater than timing and you are gambling if you are trying to time anything right now.
Having said that, if you near term need the cash it could be a rational decision. If this is the case I question your initial investment decision of having this cash in the market in the first place.