What are TINA, TIAA, TARA and CINDY?

Example: “Some people believe TINA contributed to the bull market, as most bond investors saw no alternative to buying stocks.”

TARA, TIAA and CINDY took over the buzz from TINA in March 2022, when the Bank of Canada (BoC) and the U.S. Federal Reserve both started raising interest rates. Yields on fixed income investments became attractive again, providing alternatives for investors. TARA stands for “There is a reasonable alternative,” and TIAA for “There is an alternative.”

CINDY stands for “Credit is now delivering yield,” a more specific description of post-TINA fixed income markets.

Example: “For clarity, many Americans refer to the post-TINA era as TARA or CINDY, because TIAA is best known as the name of trillion-dollar money manager TIAA, Teachers Insurance and Annuity Association of America.”

Read more about investing:

• Does TINA still apply for the stock market? Are GICs and bonds a new option for Canadian investors?
  Here’s why it’s still true that there’s no alternative (TINA) to investing in the stock market if you want to grow your wealth, even as interest rates rise.

• Making sense of the markets this week, June 5, 2022
  Supersized profits at small Canadian banks, GameStop and Tesla earn more headlines than money, alternatives for income investors (again), and more.

• What are stock market returns?
  Canadian stock investors pay close attention to their returns. Find out what’s included in stock market returns and what “nominal return” means.

• What are growth stocks?
  Some Canadian investors look for growth stocks to add to their portfolios. Visit the MoneySense Glossary to find out when a company stock is considered a growth stock.

About MoneySense Editors

MoneySense editors and journalists work closely with leading personal finance experts in Canada. Since 1999, our award-winning magazine has helped Canadians navigate money matters.

Linkedin Twitter Facebook Website