The Globe and Mail reports in its Tuesday edition that with markets continuing to show turbulence throughout 2020, it is understandable that investors may be concerned about their portfolio. The Globe's guest columnist Emily Halverson-Duncan writes in the Number Cruncher column that volatility can make even the most seasoned investor question their methods. The typical advice in any period of volatility is to stay invested -- and for very good reason -- but going to cash can be a tempting option to avoid downward fluctuations. What is most important, however, is that whatever method you choose to follow is one based on research and professional advice rather than emotion.
Ms. Halverson-Duncan says her current strategy looks for the top dividend-growing stocks on the S&P/TSX Composite that are trading above their 80-day moving average. Her strategy is to hold these stocks until they fall below the stated average, which she says is a signal of impending volatility, and then go to cash. Mr. Halverson-Duncan's picks had to have a market capitalization greater than $400-million. Stocks that met her investing criteria are goeasy, Canaccord Genuity Group, Canadian Pacific Railway, Enghouse Systems and Jamieson Wellness.
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