After a staggering 11 year bull run, the stock market has finally come crashing down. Not since the financial crisis of 2008 have we seen a panic like this. Since Feb. 19, 2020 the benchmark stock index for US business, the S&P 500, has sunk from a high of 3,393 to a low of just 2,734 on March 9. This represents a stunning drop of 19.4% in just three weeks. (https://ca.finance.yahoo.com/news/warren-buffett-coronavirus-outbreak-stock-market-volatility-oil-crash-125047574.html) and over 4 trillion dollars down the drain!
So let’s get to the pressing question on every investor’s mind: unless you own a toilet paper manufacturing company, how can you possibly make money in this bear market?
Our solution: Forex. At Canadian Wealth Strategies, while the stock market has been tanking and panic selling, we’ve been hard at work making gains. During the past month, the US Dollar made significants gains against the Canadian Dollar, Australian Dollar, and Singapore Dollar. As a result, we’ve made our clients a tidy 8.9% return during this time of panic.
Many more opportunities stand in front of us, why not reach out to us today? Qualification factors may apply.
Risk Disclaimer: All investments involve risk. You should carefully evaluate any investment and the associated risks to determine whether it is suitable for your individual situation. Canadian Wealth Strategies does not and cannot under any circumstance provide tax, legal or accounting advice. The material on this website and associated social media accounts have been prepared for informational purposes only and should not be relied upon in any way for tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors if you are unclear in any way. Price fluctuations in the forex market are normal and to be expected, sometimes dramatically. We have taken every reasonable precaution to mitigate against these risks and those measures are laid out plainly in our investment guide and/or in associated documents we designate. However, there may be additional risks which we could not know or reasonably foresee. All reviews are the express opinion of the individuals that wrote them and do not necessarily reflect the views and opinions of Canadian Wealth Strategies. Do not assume you can achieve the same or similar results. Past results do not in any way determine future performance. This is not a guaranteed investment. If you feel unqualified to assess the risk of this investment, we recommend you consult a professional.
This blog is a matter of opinion by the author and does in no way promise, guarantee, or hold CWS to any future predictions that may or may not have been presented. This is not meant to be take as financial advice.