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In the past few months, stock markets in Canada, the U.S., Japan and Europe reached record highs. In market extremes, whether it’s an upswing or downswing, many people wonder if they should invest differently.

There’s no such thing as a typical market recovery. Past recoveries have lasted as little as a few months to as long as several years. Some have been generally smooth, while others have been extremely volatile.

Most of us have certain tasks we just haven’t had time for. But now that summer is here and life is a little slower, it’s a good opportunity to accomplish one of the financial tasks on your to-do list.

Market corrections can come out of nowhere. Investors generally felt optimistic when 2022 began, following a banner year of stock market performance. In the U.S., the S&P 500 Index reached record highs in 2021, and at home the S&P/TSX Composite Index posted a 25.1% total return. But markets turned volatile in the early months of 2022 and when the correction struck during spring, investors saw their portfolio value drop

Summertime is family time, so how about reviewing the ways you’re supporting your children’s future? For example, make sure your education savings plan accounts for increasing costs. Or, if your children are adults, consider gifting funds they can contribute to their TFSA. Talk to us about how you can help secure your children’s future.

Enjoy the new Winter 2022 Issue of Money Ideas Newsletter. In this issue: RRSP contributions | Re-evaluate what retirement means | Climate Change & Investment Management | Financial Brief's