Canadian investors feeling good about portfolios over next four years: BMO
Approximately 57 per cent believe portfolios will perform better in next four years than last
Toronto—More than half of Canadian investors are upbeat about what the next four years has in store for their portfolios, according to a new BMO study.
“It’s encouraging that Canadians are taking a long-term view of the markets and are seeking to balance risk and return,” BMO InvestorLine vice-president Cesar Rainusso said in a statement. “It’s also a good sign that investors have a positive outlook on how they feel their investments will perform in the future.”
In the spirit of the London Olympics, the study found slow and steady wins the investing race for the majority of investors, as 53 per cent see themselves as the investing equivalent of a marathon runner.
For these Canadians, it is a long and winding road because they are in the markets for the long-haul.
Another 34 per cent hold both short- and long-term investments, finding themselves akin to relay racers.
Only 12 per cent consider their investing style similar to that of a sprinter athlete, according to BMO.
For these individuals, it is all about getting in and out of the markets quickly.
When it comes to investing style, almost 60 per cent of investors most closely identify with a gymnast, as a sense of balance is critical for them when managing risk and return.
The study found 31 per cent invest more conservatively, taking aim at their targets like an archer.
Only 10 per cent identify with the aggressive style of a boxer and go for the knockout punch.