The investment industry is no stranger to using a variety of jargon that can leave investors wondering what these terms mean. Our Senior Wealth Advisor and Portfolio Manager Maili Wong recently contributed to this article in The Globe and Mail which elaborates on what some of this jargon means.
Read the whole article here. Here’s a bit from the article:
9. Dead cat bounce
Animal lovers may wish to skip this one. A “dead cat bounce” is an especially morbid way to describe an investment’s short-lived recovery. The term appears to date back to a 1985 quote from two Financial Times journalists describing the brief bounce-back of the Singaporean and Malaysian stock markets. It refers to the saying, “Even a dead cat will bounce if it’s dropped from high enough.” Another term for this is a “sucker’s rally,” which most cats prefer.
If you have any questions about how this relates to you or your investment portfolio and financial plan, please give us a call at 778 655 2410 or email us at thewonggroup@wellington-altus.ca
Sincerely,
Maili Wong, CFA, CFP, FEA
Senior Portfolio Manager & Senior Wealth Advisor
Wellington-Altus Private Wealth Inc.
Board Director
Wellington-Altus Financial Inc.
Maili Wong is a senior portfolio manager and senior wealth advisor at The Wong Group at Wellington-Altus Private Wealth and the Amazon best-selling author of ‘Smart Risk.’ She has over two decades of experience in the finance industry and was named a Top Wealth Advisor and one of the Best in Province in the 2022 rankings produced by The Globe and Mail and SHOOK Research.
