๐ Maple Market Challenge 11: Rate reduced. Time to re-allocate your assets?
Hi, mooers!
Like always, let's reveal the answer to last week's quiz: How has RBC's stock performed compared to its Big 5 Banking peers since the start of the year? The answer is "Outperformed, up by 20%".
89% mooers chose the correct answer! A big round of applause to those who got it right! Each of you will receive 20 points. Plus, we're giving 50 points to everyone who left a comment. Well done, everyone! A private message with more details has been sent to you.
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Now, brace yourselves for today's quiz!
89% mooers chose the correct answer! A big round of applause to those who got it right! Each of you will receive 20 points. Plus, we're giving 50 points to everyone who left a comment. Well done, everyone! A private message with more details has been sent to you.
The Bank of Canada cut the key policy rate for a third consecutive time by 25 basis points to 4.25% and signaled it is focused on avoiding landing the inflation rate too far below the 2% target. This means it is more likely to continue to lower interest rates than not, even if it reiterated that it will decide one meeting at a time.
1. With rate cuts, how will you re-allocate your assets?
2. How are you preparing for the next potential rate cut in October?
2. How are you preparing for the next potential rate cut in October?
Share your market smarts in the comment area to earn 50 points!
Stick around for the reveal of the answers and to celebrate our winners. Good luck to everyone!![]()
Stick around for the reveal of the answers and to celebrate our winners. Good luck to everyone!
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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102362254 : I'm rebalancing my portfolio to ensure it aligns with my long-term goals, focusing on sectors that historically perform well during rate cuts. I'm also keeping a close eye on economic indicators to make timely adjustments
Jason Fung : I won't make any changes to my asset allocation. I will continue to add to my positions in $VANGUARD S&P 500 INDEX ETF TR UNIT (VFV.CA)$ index fund and avoid the temptation of timing the market.
73698362 : Rate cuts are a way to stimulate economic activity Unfortunately they are devastating for individuals relying on interest income in their retirement years
71897989 :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Bobbyjee : my focus would be on DAC and REITs with dividends
JimmyTeo : I will hold my current positions and watch closely the markets conditions.
hanxi shang : Pay attention to the real estate industry
73279472 : hi
Living Stone : I probably won't change anything now but might in the new year when my bank fees reset to zero and I have a new 50 free trades for 2025
BearWithTheBull : 3rd times a charm?![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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