Cole Kachur – Senior Investment Advisor, Portfolio Manager at Wellington-Altus Private Wealth (Submitted photo)

By Nigel Maxwell

Understanding finances

Turbulent times: Sask wealth advisor offers advice for panicked investors

Apr 7, 2025 | 1:54 PM

Anyone with investments whether personal or for their children, may be feeling a bit more on edge.

That’s because recent market uncertainty has resulted in big drops for some portfolios. Cole Kachur is a Saskatchewan wealth management advisor and noted a downturn in stock prices was expected this year.

“It’s come earlier, and a little bit you know more fast and furious than you know what we would generally would see or of course what we’d wanna see, but it doesn’t really change the impact of medium to long-term investing,” he said.

Noting the recent market drops will have more on an impact on perhaps seniors who need access to capital and cash now, Kachur said it’s important that if they have concerns, they talk to an advisor and understand exactly what their investments are needed for and to adjust accordingly from there.

With the exception of the great recession of 2008 or the dot-com bubble burst in 2000, Kachur explained anytime there’s been an aggressive pullback in prices, those same losses were generally recouped.

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“If anything you know, if you’ve been patient and have access to cash, then these times typically are great times to invest, but if you’re kind of pitted in then you know the idea is just don’t make the wrong emotional decision because that’s generally where investors end up costing themselves.”

Further explaining corrections are a normal and healthy part of markets, Kachur explained investing has changed over the last five or 10 years and noted market technology and different tools large firms use to manage their positions, a lot of times now what used to take in months to happen, happens in just a period of days, such was the case on Thursday and Friday of last week.

“Every case is unique but I would say there’s lots of people who look at their portfolios and right now and they’re feeling angst which that’s you know that’s kind of natural. It’s human psychology and investing are intertwined where our brains try to trick us where you know you should be doing one thing and your brain wants to do another.”

Kachur further explained markets like certainty, and with Donald Trump in the presidency and specifically as it relates to his tactics in regards to negotiating, there’s more uncertainty than ever in markets.

With the rules changing on a minute to minute, day-to-day basis, it becomes very hard to know what some of these companies are going to look like in the future and the market just reacts negatively to it.

“My advice is generally if you have a financial professional reach out to them and try to understand why your portfolio has performed a specific way,” he said.

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nigel.maxwell@pattisonmedia.com

On Blue Sky: @nigelmaxwell.bsky.social