More than half of Canadians equate their investing style to that of a marathon runner, according to new research.
BMO InvestorLine, Toronto, Ont., published this finding in a summary of results from a study that identifies which sports and types of athletes Canadians most identify with respecting their investing habits.
Fifty-three percent of the survey respondents see themselves as the investing equivalent of a marathon runner, the study finds. For these Canadians, investing is a long and winding road because they are in the markets for the long-haul.
Additionally, 34% of Canadians hold some short-term and some long-term investments. These investors see themselves as part of a relay race team, as their goals are both short term, focusing on one leg of the race, and long term, like the total distance covered during a relay race.
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Only 12% of Canadians consider their investing style similar to that of a sprinter athlete. For these individuals, it is all about getting in and out of the markets quickly.
Regarding their investing style: