Sara McCullough, a certified financial planner and owner of WD Development, and Paul Shelestowsky, a senior investment adviser at Meridian Credit Union and Aviso Wealth, share insights for young investors dealing with market fluctuations. Emphasizing the importance of understanding market behavior, McCullough advises investors not to frequently monitor their portfolios, especially on negative days. She recommends passing a more strategic approach to review investments quarterly.
McCullough addresses the psychological side of investing too, encouraging people to “overcome the human element” in their investing. She emphasizes the power of patience and emotional control as pieces of investment success.
“The first step is you’re not going to do anything,” said Sara McCullough.
For those new to investing, particularly those who did not experience the 2008 financial crisis, McCullough offers guidance on managing perceptions of market swings. She is quick to recognize that sudden market movements are disconcerting for young Canadians just starting their investment journey. She does not recommend putting money into the market for short-term objectives. If you do intend to purchase a home in the next three years, protect that cash.
For any investor, Shelestowsky suggests taking some risk out of your portfolio. You can do this by lowering your exposure to stocks and spreading out your investments. In periods of uncertainty, stocks generally fall to bargain basement levels. This backdrop makes for many exciting opportunities that smart, strategic investors can take advantage of.
“This level of chaos and volatility can actually work in younger people’s favour,” Shelestowsky stated.
Shelestowsky further advises looking into Guaranteed Investment Certificates (GICs) for your more conservative investors. With uncertainty pervading the political and economic landscape, GICs can provide a safe harbor for your dollars. They promise locked-in rates of return, protecting your principal at the same time.
On March 25, 2025, the Canadian Press carried this account by Ritika Dubey on the theme of these expert recommendations. McCullough and Shelestowsky’s tips and insights are helpful advice for new investors looking to confidently and strategically navigate an ever-changing market.
