Weekly newsletter |4 February 2022| Back to all time highs or a bear market rally?
Aarinder Lidder - Feb 05, 2022
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Back to all-time highs or a bear market rally?
Hello and welcome to our weekly newsletter, where I talk about what's been going on in investment markets and what to look out for in the days and weeks ahead.
Before I begin this week newsletter, I want to remind you the deadline to contribute into your RRSP is 1 March 2022. The annual contribution limit is 18% of your earned income for the previous year. For 2021 the limit is $27,830 and for 2022 it is $29,210. Finally, the annual contribution limit on the TFSA is $6,000 and the cumulative total as of 2022 is $81,500. To contribute into your RRSP or TFSA please contact me.
Last week I discussed the historic moves in investment markets. It's well worth going back to read my newsletter and understand where the market has been. If you had only looked at equity markets at the start of last week and then the end of last week you would have been forgiven for wondering what all the fuss was about. Believe it or not the S&P 500 finished last week in positive territory. That's despite the volatility and carnage we've seen over the previous five trading days. While the phrase “all's well that ends well” springs to mind, we're not quite out of the woods just yet.To read the full article click here.