Three portfolio presets for summer
Many investors choose to step away from their portfolios to enjoy their summers, but before you do there are some presets you can set up to protect your investments. First, you can create a stop-loss order, which will decrease any potential loses if your stocks go down in value. Second, you can set up accounts for dividend reinvestment programs. This allows you to purchase more of the same shares using your dividend payout with the added advantage of not paying fees. Third, you can also set up automatic deposits into your RRSP and TFSA accounts to help spread out your contributions into these accounts throughout the year.