ya, and watch it do the opposite, lol.It will be knocked down again when there is a 3/4% rise in interest rates at the end of October.
or would you rather just buy stuff at discount cause it'll inevitably go back up ?Right now the banks are giving me more returns than the markets. With another interest rate hike, more people will park their money at the banks. Also, businesses will stop borrowing thus hindering business expansion and growth.
I don't buy individual stocks, I hold ETFs, my ETFs are in the tank but eventually over a long period of time they will provide a return. That said I am putting more money into bank GICs that offer %4.70 interest.or would you rather just buy stuff at discount cause it'll inevitably go back up ?
you make money in bull markets, get rich in bear markets.
It doesn't matter whether you hold individual stocks or ETFs. But, if you have liquidity needs in a year and thus require capital preservation, then, yes, putting your money into a GIC makes sense.I don't buy individual stocks, I hold ETFs, my ETFs are in the tank but eventually over a long period of time they will provide a return. That said I am putting more money into bank GICs that offer %4.70 interest.