The assets in these mutual funds are illiquid. Very hard to sell, they don’t trade frequently, basically the liquidity is not there and when people cash out or redeem there is going to be some big problems.
Posts Tagged ‘Problem’
The Potential $900 Billion Taxable Bond Mutual Fund Problem
Tuesday, July 8th, 2014Credit Cards Aren’t Canadians’ Biggest Debt Problem
Tuesday, December 3rd, 2013
I’ve been watching the situation of Canadian personal debt for a while, and it seems like it is getting bigger and bigger. This latest report shows a 3% increase in personal debt not including mortgages.
What most Canadians are failing to comprehend, is that all it takes for them to hit financial ruin is a loss of a job and a rise in interest rates. Most Canadians should think about trying to reduce their debt as much as possible as the next downturn in the economy is coming between 2014-2017.
