April 1, 2023
Maintain a long-term vision
There has been a lot of media coverage in the past fall about the impact the financial crisis is having on pension savings funds. It is true that a lot of funds are performing poorly, but that does not mean that this will weigh heavily in the end.
Don't forget to think long-term! Fiscal pension savings is still one of the most responsible financial decisions you can make.
Is a bad stock market year detrimental to my pension savings?
Good news if you're between the ages of 25 and 35! Some pension savings products are more susceptible to fluctuations in returns than others. If the stock market crashes like today, that's an opportunity for young people. This is because with the same deposit today, you are buying shares cheaply and therefore more of them. It will greatly increase your returns at the end of at least 30 years.
If you are 64 years old today and need your money tomorrow and still invest 100% in stocks, a bad stock market year can be detrimental. If you have invested in the worst-performing pension savings formula this year, you will receive a lot less capital today when you opt out.