RRSP season investment fund flows falter to weakest level since 2009 as investors opt for cash

The Globe and Mail
May 23, 2023.

Andrew Feindel, Portfolio Manager and Investment Advisor with Richie Feindel Wealth Management at Richardson Wealth, has seen clients’ reluctance to get back into the market. He says moderate investors might choose to pay down debt instead of investing because they believe they’ll get a better return on their money and expect a repeat of last year’s returns.

“The Canadian/U.S. markets are up more than 7 per cent, respectively. No matter someone’s debt level, they would have been better off buying the market on Jan. 1, but a lot of them didn’t.”

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