The Good Life, Wealth
As investors, we’re all waiting for that so-called Santa Claus rally to beef up our returns for the year. But in the meantime, the stock market turbulence is making many people wonder about pulling out all together. According to some of the smart money, we’re at the tail end of a five-year bull market, and that means it’s time for a serious correction. Murray Leith director of research at odlum brown has crunched the numbers, and he says if we stripped out three hot companies, Alcan, BCE, and Research In Motion, the market would already be down for the year. But here’s the catch: when you try to time the market you can really lose. Patricia Croft of Phillips Hager and North says the average return for the Sp/TSx was 9.3 per cent for the last 20 years. But investors who missed the best ten days – yes ten days – would have seen their returns drop to under 7 %.