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September 27, 2022

Gut-checking the bear market

Or I spoke with my financial advisor because I was having a mild yikes moment.

A Brown bear
Photo of a Brown bear by Rasmus Svinding (Pexels)

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I met with my financial advisor, Shannon Lee Simmons of the New School of Finance, last week for a gut check of my plan. I had three questions I wanted to ask,

  • How am I doing? Should I tweak my investments? (Ok, there are two questions here but they’re related.)

  • I have a small amount of cash right now, should I do something else with it or keep it liquid since possible recession? 

  • Should I throw more money in my RRSP or TFSA? 

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