We have purchased our first home and it will be closing around May 1, 2013.
The question we have is that we have approximately $80,000 split between us and split further into TFSA and RRSP accounts at TD and RBC.
We are concerned about the market and the volatility and would like to know the best course of action to ensure that these funds are safe since we are moving in less than 6 months. They are currently invested in a variety of mutual funds and there is around $35,000 invested into RBC and BMO stocks. We don't want to completely eliminate growth that could be had from now till move in date, but want to ensure that we don't lose a lot in case there is something drastic that happens.
Any advice would be appreciated.
Thanks
The question we have is that we have approximately $80,000 split between us and split further into TFSA and RRSP accounts at TD and RBC.
We are concerned about the market and the volatility and would like to know the best course of action to ensure that these funds are safe since we are moving in less than 6 months. They are currently invested in a variety of mutual funds and there is around $35,000 invested into RBC and BMO stocks. We don't want to completely eliminate growth that could be had from now till move in date, but want to ensure that we don't lose a lot in case there is something drastic that happens.
Any advice would be appreciated.
Thanks