STOP THE PANIC

The markets went down as a result of panic. 

Panic leads to more panic.

It becomes a doom loop.

This emotional reaction is akin to the one we saw with the financial crisis in 2008, when everyone pulled out of their investments and leading to the crash.

The crash led to inflation, unemployment, migration, higher levels of poverty, long lines to the food bank, and so on and so forth.

During the COVID19, I saw my RRSP savings dipped into historical lows, but my banker told me to just hang in there. If I withdraw, it will take longer to bounce back at the last rate than just do a  wait-and-see until it goes back up again, slowly and surely as the market recovers. 

Let's stop panicking.

We have yet to know in certain terms how the economy will fare given the tariff negotiations with major trading partners, immigration rates stabilizing, tax reductions for businesses, and labor market absorptions.

It's too early too tell yet, but when negative emotions dictate the markets, it becomes a self-fulfilling prophecy which is not what we want. 

For those in the purpose-driven sector, continue your investments and improvement efforts, don't hold out what you have planned this year, instead, be all-in. There's no better time than to invest in your organization and enterprise. 

I'm putting my Econ hat on: stick to the fundamentals, please!