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From my super conservative investment model, this is really an excellent buying opportunity:
- Don't buy any stocks.
- Buy index funds that track the market (MUCH lower risk of these funds failing to ZERO)
I'm currently tracking the following markets with ticker symbols in bold:
- Canadian (S&P TSX) --> XIC
- American (S&P500) --> XUS
- Emerging markets (Asia, Russia South America) --> XEC
- International markets (Europe, Australia) --> XEF
- Canadian Bonds --> XQB
(side note: I also split my Canadian ETF holdings to go heavy on oil with ZEO)
Year to date, nothing looks like a huge bargain to me yet (>20% since January), except maybe my oil fund and maybe my general S&P TSX fund (~11% since January).
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