As the world faces economic uncertainty in the wake of a global pandemic, award-winning financial advisor Adrian Chomenko, BA 86, says the best thing investors can do is relax, stay the course and not try to predict the future.
“Be careful of the four most dangerous words in investing — this time is different,” he says, quoting Sir John Templeton’s famous financial maxim.
“Bear markets are as common as dirt. We’ve lived through them before and all you’ve got to do is sit through it,” says Chomenko. “Over a lifetime, not only does the average investor under-perform the market, but somehow the average investor is under-performing their own portfolio.”
As an advisor, Chomenko has been recognized specifically for his skills in long-term investing. In 2018, he won the Investia Financial Services Club Select Award for providing his clients with the highest portfolio performance in the province of Quebec for the last decade.
However, Chomenko is adamant with his clients that his strategy does not include speculating on the latest investment trends such as cannabis and bitcoin.
“My strategy is plain vanilla: simple diversification and regular rebalancing,” he says.