If you’ve got around $5,000 or more that you’ve been meaning to buy stocks with, searching for value on the TSX Index going into June isn’t the worst idea. Of course, it would have been nice to get back in April when fear and panic were the main emotions on Bay Street. Still, I think there are plenty of underrated and underappreciated stocks that can continue to have a good run as we turn the page in the first half of the year.
Of course, it may seem smarter to stash away the $5,000 in a guaranteed investment certificate (GIC) locked in for the next three years, where it can accumulate around 3.5% in interest annually. The TSX Index may seem a bit at risk at these new heights, especially if a recession proves unavoidable.
Tariffs are still a major risk that shouldn’t be discounted by investors. But that doesn’t mean it’s time to hide out in cash, especially since inflation could begin to become a problem again….
