Terry Sawchuk on Yahoo Finance: Is Now the Right Time to Liquidate?

Jan 4, 2022 | Blog, In the News

Any information discussed in this article is for educational purposes only. It is not meant to be any kind of recommendation or financial advice. The information contained in this video is intended for informational purposes only. Any opinions are those of Terry Sawchuk and not necessarily those of JW Cole Financial, Inc. or JW Cole Advisors, Inc.

Securities offered through J.W. Cole Financial, Inc. (JWC) Member FINRA/SIPC. Advisory services offered through J.W. Cole Advisors, Inc. (JWCA). Sawchuk Wealth and JWC/JWCA are unaffiliated entities.

 

After stocks came to a choppy close in the last moments of trading in 2021, Yahoo Finance turned to Terry Sawchuk, founder and chairman of Sawchuk Wealth, before ringing in 2022 for insight on the market’s recent movements, overall annual performance and whether now is the right time to liquidate assets.

Sawchuk tells host Adam Shapiro that despite a record-breaking year and what many experts are saying, this may not be the right time for investors to take their money out of the market. In fact, he believes that it might be a mistake.

“I do think the market’s got momentum,” Sawchuk explains. “There’s really no imminent danger. I think there’s a lot going on in 2022 that we’ll get to eventually that is going to be maybe on the uglier side. But for now, I think you let the winners run.”

While investors can never truly time the absolute top or bottom of the market, Sawchuk says there are ways for them to protect their assets in the worst case of major declines. However, it is not as simple as traditional diversification methods and incorporating bonds.

“One of the issues you run into is if you go back to early 2020 during the Covid crisis when it first hit the markets or even go back to 2008-2009, everything correlates to one. So in the beginning, it’s the stocks. But then when the problem becomes larger and you get margin calls and other things and a cascade of leverage that comes crashing down, the bonds get sold off too,” says Sawchuk.

“So I think you have a mechanism to avoid all that and go to cash or treasuries. That’s really what’s going to help you hold up in these really big downturns,” he adds.

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Any information discussed in this article is for educational purposes only. It is not meant to be any kind of recommendation or financial advice. The information contained in this video is intended for informational purposes only. Any opinions are those of Terry Sawchuk and not necessarily those of JW Cole Financial, Inc. or JW Cole Advisors, Inc.

Securities offered through J.W. Cole Financial, Inc. (JWC) Member FINRA/SIPC. Advisory services offered through J.W. Cole Advisors, Inc. (JWCA). Sawchuk Wealth and JWC/JWCA are unaffiliated entities.