Although the COVID-19 pandemic is bringing a lot of economic uncertainty to many Albertans, some experts say there are ways to protect and even grow your money as the crisis continues.
Ben Osmond, a financial adviser and executive consultant for the IG Wealth Management firm in Lethbridge, says the stock market may be a good place to start. “For years, we’ve been prepping clients for something like this,” he says. “We’ve been holding more cash than usual, holding more fixed income-investments.” Vishaal Baulkaran, an associate professor at the Dhillon School of Business at the University of Lehbridge, says when investing in depreciating companies, it’s important to consider their reputation. “Air Canada, for example, is it still a good