As boomers sell will stock markets sag?
TheStar.com, Francine Kopun
Teresa Vasilopoulos, 51, is still buying stocks through mutual funds – but not for much longer.
David Stewart, of Stewart and Kett Financial Advisors Inc., says some of his boomer clients are stepping back from the markets.
“There’s been some loss of faith in the concept that the stock market will always go up,” Stewart says.
But he and fellow advisers tell clients to keep some investments in the market, especially in safer investments like blue-chip companies with strong balance sheets, such as Canadian banks, which pay attractive annual dividends.