Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Life Health > Life Insurance

BMO Study: Half of Canadians Say Investments Don't Support Key Life Events

By Warren S. Hersch

X
Your article was successfully shared with the contacts you provided.

While most Canadian investors have target dates for key life events such as marriage, buying a house, having children and retirement, fewer than half feel that their investments are structured to support these milestones, according to a new report.

BMO Financial Group, Toronto, Ont., published this finding in a summary of results from a January online survey of 1,523 Canadians. The survey was conducted by Leger Marketing’s online panel, LegerWeb.

Among the report’s conclusions:

Just under two-thirds (60%) of Canadian investors have time frames or target dates in mind to reach their financial goals.

Eighty-nine per cent agree that it is important to hold investments that evolve over time to become less risky as key life-event dates approach.

Despite this, only 49% believe that their investments become less risky over time.

“One of the basic rules of investing is that your investments should progressively become more conservative as your investment horizon shortens,” says Serge Pépin, Head of Investments, BMO Investments Inc. “This is especially critical during times of market volatility.

“However, as simple as this concept may seem, many of us don’t get around to ensuring that our investments are properly balanced, whether it’s because of lack of time, knowledge or convenience.”

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.