The Globe and Mail reports in its Friday edition that even supposedly "safe" stocks can bite. The Globe's Rob Carrick writes that dividend-growth icon Enbridge was down 24 per cent for the 12 months to midmonth. When you look at a list of the worst one-year performers on the TSX, Enbridge is there with speculative resource companies. Mr. Carrick says stocks, however, remain the everyday Canadian's best hope of growing money over the long term. He says whether they are investing in RRSPs or tax-free savings accounts, young adults in their 20s and early 30s should probably be putting $80 to $90 of every $100 they invest for retirement in the stock markets, with the rest in bonds and cash. The recent dip is an ideal time for young investors saving for retirement to put money into stocks and the exchange traded funds or mutual funds that hold them. Falling stocks are painful when you are an investor, but Mr. Carrick notes there has never been a decline from which stocks did not recover. He believes the Canadian market is currently a particular bargain. Gluskin, Sheff + Assoc. economist David Rosenberg said earlier this week that "Canada right now offers up some of the most alluring valuations in the world."