Pace Sturdevant and Stocks

investment portfolios: Pace Sturdevant, a retiree in Ottawa, says it been depressing, according to The Toronto Star. They’ve lost so much value that basically the only thing to do is sit tight and wait, he said of his portfolio of stocks. But for those closing in on retirement and those already there, the downturn may be even more frightening as the value in Canadian investment portfolios invested in stocks have taken a beating. Sturdevant, 67, is keeping a close watch for any dividend cuts by companies in his portfolio of mostly dividend-paying stocks. The S&P/TSX composite is down about 20 per cent from his highs of last year, putting it in bear market territory. It hasn’t happened so far, he said. (news.financializer.com). As reported in the news.