Investing in a recession | About That

With the economy in possible decline, it might not seem like the right time to put your money in the market. But could it be? Andrew Chang talks to financial counsellor Jessica Moorhouse about why a recession could be a good time to invest.
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[@cleghornrussell6838]

No worries for me, I don't try to time the market. When I see that stock drops below its fair value with some margin of safety - I buy. Past 2-3 months have been huge shopping spree for me. I've got literally nothing left of investing cash. Probably I will miss some occasions in the future months, but who cares as long as I got value?

[@yarboroughbrad3082]

I've only just started over the last couple of mnths. I've been doing plenty of research. In fact I'm really enjoying the aspect of learning and researching. Though I won't say I have gained or lost a fortune, I have actually been involved in all of these for a while. what’s your approach?

[@cleghornrussell6838]

@@yarboroughbrad3082 I sold my losing positions and moved to more defensive instruments and I never looked back as advised by my fiduciary financial advisor, 'Allina Dresslar Bell’ Partnere with Raymond James Financial Service Advisors. For me she made up a wild narrative justifying my past decisions and attributing bad outcomes to risk. if someone can’t stomach losses from tips, there’s always the option to buy individual tips and hold them to maturity, she said.

[@ishaandevaj5587]

My spouse and I are adding a variety of stocks/ETF to my present holdings for the long term, We've set aside $250k to start following inflation-indexed bonds and stocks of companies with solid cash flows, I believe it is a good time to capitalize on the market for long-term gains, but it wouldn't hurt to know means of actualizing short term profitS.

[@cleghornrussell6838]

@@ishaandevaj5587 My advice is always to keep the majority in ETFs that cover multiple sectors. Then have a couple stocks, as a small percentage, picked out that you feel personally attached to or interested in. That way you can mitigate a lot of the risk but also have a personal touch to your portfolio. I feel this mitigates some of the emotional downsides or disinterest people have with investing. Also helps with the urge to constantly buy/sell with fluxes in the market.

[@ishaandevaj5587]

@@cleghornrussell6838 any recommendations

[@sahaf8513]

Very helpful program. Please make more of these types of programs. I love it.

[@user-hf2dr7sh4y]

how is a consumerist economy supposed to turn into a savings-first economy without taking on debt at high interest rates? lots of mom and pop shots and landlords are gonna find themselves struggling pretty hard during the recession. sounds unsustainable

[@n.h187]

Waiting for the S&P 500 to hit 3500 in Q1 2023. BUY BUY BUY!

[@neverhomepnw]

As a American, I love CBC. Always great and easy to understand advice.

[@ryanweekes7840]

Lies

[@abubakardaudyut]

Your channel has truly changed my life. i've been studying and researching about crypto for a while now, do to the economy crisis and i got stuck at some point on the learning curve. now i can say I'm truly improving my understanding of this whole new world and making great profit weekly, all thanks to you

[@vivianeverleig]

That's great

[@vivianeverleig]

But i recommended Mrs Sophia she's really my bitcion trading manager

[@onwechinwenkwo]

it's been financial freedom trading with Mrs Sophia , she's the best and over the years trading with her has been so smooth.

[@templegabrial]

she's really amazing with an amazing skills she changed my 0.3btc to 2.1btc

[@--_juggleku]

This woman has really change the life of many soul to through trading options people from different countries and I'ma testimony of he's trading platform..

[@cleanairninja9256]

Her advice is excellent. Many people make mistakes but if they follow Jessica's advice they will be fine. I envy the young ones who have decades to slowly build wealth the right way...

[@Cody-hx1uq]

Be greedy when others are fearful

[@petervigna3579]

Or dollar cost average and never worry about it ever

[@davidjang6538]

Don’t forget to be fearful when others are greedy. Warren buffett

[@user-hf2dr7sh4y]

how is a consumerist economy supposed to turn into a savings-first economy without taking on debt at high interest rates? lots of mom and pop shots and landlords are gonna find themselves struggling pretty hard during the recession. sounds unsustainable

[@Keepasking123]

Andrew, you are great!

[@TheBasedCanadian]

No he isn't

[@user-uj6sc7ls9y]

My big question has always been, but especially now, is how can someone on ODSP invest, get ahead a little. I've been on a combination of ODSP and CPP-D since 2002 and basically live hand to mouth. Incredibly I've managed to save that 3-6 months Emergency Fund, but have so little left over at the end of the month that any financial institution I've approached about investing has turned me down, saying I just don't have enough income. But we all fear for the future, right? Especially those who don't have a choice about being on permanently low incomes. I'm sure I'm not alone in wanting to invest but simply not having enough income. Would Jessica Moorhouse, or any other financial advisor, have advice about this topic?

[@amjadkhan-tz8qi]

I know I'm just a random person on KZbin, so please do your own due diligence. You can begin investing with very little money these days and can either go the DIY route and buy something like the TD e-series index funds, or pick up something like Wealthsimple (which has no fees), and pick up a low fee fund there. The financial market has opened up heaps of opportunity for smaller retail investors like you and I because brokerages saw opportunity to make more money off us than institutional investors. Take your time to understand what your long-term strategy is, and then use that as criteria to understand what method will work best for you. All the best!

[@esparda07]

Audio works now.

[@hojoinhisarcher]

Wow! it is so long(50 years) since I had to decide how to invest my savings!

[@sunandanarayanan7016]

Eq bank has great GIC rates, but talk to your bank and ask them to match eq bank

[@jman2k0]

I doubt they will match EQ

[@Phoenix2023]

I didn't even know you could ask them to match! Is this true?

[@MinnieOnCam]

I would like videos on the housing market, is home ownership is still possible or should we all give up.

[@captainbanana1831]

❤❤❤this is awesomeness

[@wdeemarwdeemar8739]

If you miss even a couple of the best days you can never recover your losses. It’s pure math. I lost 46 percent in 2008 in my work 401k and in 10 years went from 406k to 970k. I changed nothing and did nothing except cry and bit off my fingernails. Just ride it out in well rounded ETF’s.

[@Rhyme905]

like which ones? most of these fucken advice video end to "saving money" when u dont earn enough

[@jptrainor]

To sum it up: same old same old.

[@adamkou5475]

LOL speed dial... Andrew is showing his age. :P

[@Rhyme905]

its a phrase now buddy

[@Glassdunes]

Why was nobody raving about rrsvps? wtf? all i hear is market market market. listen, i get there is nothing wrong with being rich, buying into a company is a rich mans game, otherwise, why are you spending money like its a gamble?

[@adobo6905]

If you are a retired person or planning to retire soon don't give your money away and re-invest in uncertainty. GIC is safe with good returns of up to 5.5%.

[@karennesbitt9655]

where are you getting 5.5% on GICs? I have never seen that.

[@continentalmasters5432]

Cibc gic

[@igorcabrera8123]

Interesting but the lady talks as she breakfasted à cheeta

[@corysnladventures2758]

Maybe you should try giving this video some volume

[@jptrainor]

Too simple. Suffers from recency bias. A recession won't be your problem. The problem will be the change in interest rate environment. Interest rates run in long multi-decade cycles. The last few decades were a free ride in the markets. From a high peak in the early 1980's interest rates dropped from the high teens down to sub 1%. Asset values are inversely related to the interest rate, hence that multi-decade decline in interest rates correlated with a multi-decade rise in stock prices. If the interest rate cycle pattern holds going forward, then we are now entering a multi decade period of rate increase and that means that making a decent return in the market will be harder and harder. No more free ride. Look back to the period 1950 to 1980 and you'll get an idea what may lie ahead for financial markets.

[@Cody-hx1uq]

How is tesla risky? It's down around 60% with no fundamental change.

[@jptrainor]

price/earnings of 50, price/sales of 7, price/book value of 13. Out of the clouds, but still in richly priced nosebleed territory. Priced for growth, but that doesn't seem unreasonable because... well.. it's Tesla. I watched it regularly a while back and decided no-go for me. Too risky. And I have have a high tolerance for volatility. I'll keep watching.

[@ethimself5064]

I can hear this

[@katlegostimela6184]

Cant hear anything

[@slong835]

I can't hear any sound

[@redmioman1413]

Yess ❤️❤️💕💕

[@aiubkhan5707]

crypto currency next?

[@Keepasking123]

Female Dave Ramsey!

[@allenrehlert]

Learn to short the market and buy puts... then you'll make more money in a 'bear' market than you could possibly make in a bull market.

[@JimCCorn]

Is Chang old enough to interview people?

[@TheBasedCanadian]

Defund CBC