Quote:
Originally Posted by Ulic Qel-Droma
the smartest thing to do is to short the market when it's crashing. duh.
or at the very least, pull your money out and let it sit in cash if you're uncertain (in fact that's the best thing to do if you're ever uncertain, making 0 is better than losing money).
diversification is more for if you're buying and holding long term and not trading in and out.
if you're skilled enough to trade in and out based on the ups and downs of the market, there's no need to diversify. but i doubt many people have that skill. or the time and money to develop those skills.
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Way to complicate things. This thread is for high schoolers learning about RRSPs for the first time.
Quote:
Originally Posted by Ulic Qel-Droma
but to answer your question...
the only thing that can't go down is GIC or term deposit or some shit like that.
everything else can go down.
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Brings me back to the good ole days when they had Business Ed. They would tell you about investing and GICs, which were god damn viable back then yielding at 6% or something. Nowadays, the mere mention of it will likely get you beaten with a stick. Returns are shit. And if people can't even be bothered to educate themselves about simple things like finance, they really deserve that kind of return.