Would this be a bad time for me to start investing in the stock market? Thinking about long term, low risk, ETFs in a TFSA

submitted by la_cues from self.finance

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[–]la_cues[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (3 children)

That's kinda the investment strategy I had in mind anyway.

ETFs a good direction?

[–]jet199 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

They are but I think it's worth putting a few hundred on companies you like and have research so you can get a feel of how the markets work. Diversifying is always a good thing.

Many investment firms are putting money in property at the moment but I think with inflation going up interest rates are likely to follow so we may get a crash driven by defaulting similar to 2008. It's all a risk. Especially while the effects of covid haven't been allowed to hit the market values yet.

[–]fschmidt 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

One can diversify with ETFs. I just have VT which is enough. There is no point buying individual stocks unless you are committed to becoming a professional investor.

[–]EsterVacero 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

it is important to do your own research and consider expert opinions before making investment decisions. The stock market can be unpredictable, but some experts believe that now could be a good time to invest.

LiteFinance.org has shared their thoughts on the Dow Jones forecast, which you can read here: https://www.litefinance.org/blog/analysts-opinions/dow-jones-forecast/. The article provides insights from various financial experts and discusses the factors that could impact the stock market in the near future. It's important to note that investing in the stock market involves risk, and past performance is not always indicative of future results. Before investing, consider your financial goals and risk tolerance, and make sure you have a well-diversified portfolio. Consulting with a financial advisor can also be helpful in making informed investment decisions.