- Owning an investment portfolio that provides an income for life.
- Achieving the five goals by managing the seven areas of money.
How are you doing?
Measure your progress with The Bluestone Hierarchy.
Our son Josh is investing. He finally has an income. I say finally because he’s been in school for so long we were beginning to wonder if he’d ever see a pay cheque.
He asked a great question the other day, after checking his investment portfolio:
“Why didn’t we sell our investments before the market started going down and then we could buy back in after all of the damage is done?”
Great question Josh. Thank you. Every successful investor, sooner or later, deals with this vexing question. It’s one of the great investment lessons.
Of course, you all know the answer. We would love to, we just don’t know how. We can’t tell when the stock market is going to go down and when it’s going to go up. And we never have found anyone that can.
So Josh has decided to continue his monthly investment program and benefit from dollar cost averaging, buying more shares when the price is down, and fewer when the price is up, by simply investing the same amount of money each month. And, yes, he is investing 10% of his income.
Thank you Josh. And thank you to all of our clients; it’s thrilling to watch you all just stick to your strategy throughout this difficult time.
This memo was prepared solely by Terry and Patty Rempel who are registered representatives of FundEX (a member of the Mutual Funds Dealers Association of Canada and the MFDA Investor Protection Corporation). The views and opinions, including any recommendations, expressed in this memo are those of Terry and Patty Rempel. Bluestone Financial is a personal trade name of Terry and Patty Rempel.