Amid all of the gloom, some stalwart financial planners are telling their customers that there are unheard of bargains in the stock market, the National Post reports.
Admitting that some called the bottom of the market in October, then again in November, advisers note that the market could gyrate for some time to come before it returns to a steady climb upwards. For those willing to sustain a bit more volatility, now is a perfect time to take advantage of low valuations, they say.
If you are feeling depressed and hopeless, there is a good chance we are near the point of maximum financial opportunity, otherwise known as the bottom, said Murray Leith, research director at
Clay Gillespie, vice president at
For those worried about further market declines, advisers are recommending dollar-cost averaging over time, along with high-quality corporate bonds.