The article on my blog I wrote earlier on May this year predict TSX will go to 15000 by year end. As of today, TSX has a correction close to 10% from the peak of the index. If you are a long term investment, this is a good news to add some more stocks into your portfolio. I am planning to add some more into my portfolio.
The index might go down further from this point on. But if you look at 5-10 years time frame, you will be glad you add some more into your portfolio.
Happy Shopping!
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If you have bought some stocks on Wednesday or Thursday, you could have some gain on Friday as Fed decrease the discount rate by 50 basis points.
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