Paul Martin’s Business Update – January 15th, 2015

Depending on your perspective, a volatile investment market can be a good thing or a bad thing. For some, constant movement – especially downward trends – are unsettling. For others, the notion of stock prices going down, for example, means shares in businesses are ‘on sale.’

The latter is something we get intellectually – after all, most of us look for sales when we go to the mall or a retail outlet – but when we own the product, the idea of a sale is not so inviting. Yet, if you subscribe to the theory of buy-low, sell-high then finding bargain-priced shares for well-established and successful companies should be seen as a bonus.

A survey of Canadians released a few days ago by CIBC offers a telling view of how many of us see these changes. Our confidence in our financial plan took a bit of a hit in this survey. That is the national view. While it went down in Saskatchewan too, at 75-percent we produced the second-highest score when asked if we thought we’d achieve our financial objectives.

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