TheAnswerIs.ca
Model Portfolio
TheAnswerIs.ca Inc. Model Portfolio Performance Update (Q2 2023)
TheAnswerIs.ca Inc. announces a total return for the Model Portfolio from inception October 26, 2016, to June 30, 2023 was 68.27%.
The corresponding total return for the Toronto Stock Exchange (TSX), as represented by the ETF XIC, was 67.24%.
The annualized return for the TheAnswerIs.ca Model Portfolio for the 6.67 years since inception was 8.11%.
The trailing 3-month total return for TheAnswerIs.ca Model Portfolio was positive 2.58%. The trailing 12-month total return for TheAnswerIs.ca Model Portfolio was positive 10.59%.
Past returns are not indicative of future returns.
It continues to be a bit of a roller coaster ride.
As usual, the short-term direction of the stock market remains as uncertain as ever. I don’t know if we are on the cusp of a severe recession which would cause the stock market to drop by perhaps 20% to 35%, or, if inflation has already peaked and will drop back down to the Central Bank’s target of 2% without a recession, which may cause the recent the stock market rally to continue.
IMPORTANTLY, the odds of a happy result increase over longer time periods 😊
The key to investment success is to make sure any money invested in the stock market can be left untouched for a minimum of 10 years, and preferably much longer. Not selling into a stock market downturn will ensure time for a portfolio to recover and provide potentially attractive long-term average equity returns. Five years before one slows down working, and begins to draw money from their portfolio, one should move a significant portion of their portfolio into Fixed Income.
Invest long-term and prosper.