Image source: Getty Images.
Historically riddled with volatility, September is never a month many investors are excited about. Besides the sadness that summer has ended, the stock market typically becomes an ugly place for investors to allocate their capital. However, September’s reputation should not be the only reason to consider staying on the sidelines with your money tucked away.
Canada’s stock market has performed commendably in the last month. Between August 7 and September 9, the S&P/TSX Composite Index is up by 5.24%. So far, it is too early to say whether the typical downward swing in September is on the cards, especially since the market has rallied from a nosedive in July and August.
While it does not mean diving head first into the first attractive stock you see, there is no harm in being cautiously optimistic as a long-term investor. Remember, real success as a stock market investor is in the long run. Letting…
