Look for yield while sitting on the sidelines: Portfolio manager - BNN Bloomberg

As volatile market trading whipsaws investors, sometimes it’s just better to sit on the sidelines and collect yields, said Karl Berger, senior wealth consultant and director at Cidel Asset Management.

But he said staying on the sidelines isn’t necessarily a bad thing, when there’s money to be made with cash-like instruments offering yield. “It's a little less painful sitting out or not doing anything, I think it's totally appropriate at this stage.” The S&P 500 finished 4.32 per cent lower on Tuesday, while the tech-heavy Nasdaq fell 5.16 per cent, which were both the largest declines since June 11, 2020.

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