Defensive investing back in vogue
CBC News, Philip Demont
In hockey terms, playing defensively often means pushing opponents from in front of your net, clearing the puck and absorbing some body checks as you wait for a premium time to go on the attack.
It might be a bit of a boring style for the armchair athlete, but it’s one way you can get a victory – or at least prevent a loss.
Investing in these turbulent markets is like playing defensive hockey – a lot of grinding is needed to get a tie.
“In this market, you have to take a deep breath … and don’t forget to exhale,” said Andrew Rice, senior adviser with Toronto’s Stewart & Kett Financial Advisors Inc.