The gentle slopes are greed lines and the shear cliffs are fear lines. At the bottom of these cliffs are valleys and flat plains. That's where we are today. It's a great time to invest. The only problem is that fear is the greater emotion, and it is this fear that is keeping many people who normally invest in RRSP's on the sidelines for the moment.
Nobody knows where to put their money.
For people in the industry, it's been a very slow RRSP season. For investors who have been making regular contributions to their RRSP this isn't a concern. For others who decide once a year at the last minute it's a major issue. We all know that equities perform better over the long term, yet at the same time, nobody wants a repeat of the last six months performance. If you are one of those investors who is still sitting on the fence let me make a suggestion - balanced funds.