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2024 was a great year for Canadian stocks, but 2025 looks to be a little more uncertain. With a new year upon us, it is always a good idea to look at your investment strategy and see how you can improve.
Every year, take some time to evaluate your investment strategy
For me, it is making fewer investment decisions. This means spending a little extra time thinking about the investments I want to hold for the long term.
I want to own the best quality businesses possible. Often, the best thing I can do is to sit on my hands and let those businesses generate the compounded returns for me.
I expect 2025 could have a lot more ups and downs than in 2024. That is especially likely given the many political changes that are expected to happen in the next few months.
Yet, I want to be more resolute in my holdings and simply stick with investing in good businesses for the long term. If I had $5,000 to invest today,…
