podcast

COVID-19 and Staying the Course

Published:27/04/2020


Investor Knowledge +clock5 Minutes = Confident Investing


At the stroke of midnight on January 1st, 2020, you were probably raising a glass, returning a hug, or sharing a kiss. You, like many others, were buzzing with excitement at the thought of another 365 days unfolding before you. A yawning, new year full of promise. 

Today is a different day. There is no less promise, but there is more adversity; more uncertainty. This year, a novel coronavirus, COVID-19, swept the world, impacting the smallest families and the largest organizations alike. Millions of people, from hundreds of countries, had to uproot their routines to protect themselves, loved ones, even strangers on the street.

Right now, global health is the top priority. As it should be. The economy is another challenge, but we have seen the likes of that before. In 1929. In 2008. Just to name a few. This is a turbulent time, but we have the experience to do better. Because we know better.

You may be thinking about withdrawing from your investments or cashing out completely because of COVID-19. According to a new Market Perspectives Report, our long-term outlook remains positive. There are opportunities in every market— even this one. Selling now may not be the answer. If your circumstances or goals have changed, you should consult with your investment professional to revisit your plans. If you need support, the Government of Canada has introduced measures to help combat the effects of this coronavirus. 

Consider these options before locking in potential market losses on your investment portfolios:

The best days often come after some of the worst. Check out our new Stick to the Plan Resource for more information on staying the course, whenever possible.

Stay Positive. Stay Healthy.

Explore our COVID-19 Resource Centre.


 
The information contained herein has been provided by TD Asset Management Inc. and is for information purposes only. The information has been drawn from sources believed to be reliable. The information does not provide financial, legal, tax or investment advice. Particular investment, tax, or trading strategies should be evaluated relative to each individual's objectives and risk tolerance.

Certain statements in this document may contain forward-looking statements (“FLS”) that are predictive in nature and may include words such as “expects”, “anticipates”, “intends”, “believes”, “estimates” and similar forward-looking expressions or negative versions thereof. FLS are based on current expectations and projections about future general economic, political and relevant market factors, such as interest and foreign exchange rates, equity and capital markets, the general business environment, assuming no changes to tax or other laws or government regulation or catastrophic events. Expectations and projections about future events are inherently subject to risks and uncertainties, which may be unforeseeable. Such expectations and projections may be incorrect in the future. FLS are not guarantees of future performance. Actual events could differ materially from those expressed or implied in any FLS. A number of important factors including those factors set out above can contribute to these digressions. You should avoid placing any reliance on FLS.

TD Asset Management Inc. is a wholly-owned subsidiary of The Toronto-Dominion Bank. All trademarks are the property of their respective owners. ®The TD logo and other trademarks are the property of The Toronto-Dominion Bank or its subsidiaries


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