Podcast Center
Video Center
Webcasts
Resource Center
Events
September 18, 2013 at 11:29 AM
Investing tips and recommendations are the most likely factors to prompt Canadian investors to make changes to their portfolios, new research shows.
Published by BMO InvestorLine, the survey finds that 65 percent of Canadian investors said that getting a solid recommendation would cause them to buy and/or sell. Other key factors identified by Canadians that would cause them to make changes to their investments include:
- Changes in interest rates (63 percent) and fluctuations in major stock indexes (50 percent) and currencies (42 percent).
- Political/social unrest (44 percent) and natural disasters (43 percent).
- Corporate news such as earnings and product launches (48 percent) and allegations of corruption within a company (44 percent).
“The investing environment is becoming increasingly complicated, especially when you consider how interconnected the world’s financial markets are and the expanding number of investing options available to Canadians,” says BMO InvestorLine President and CEO Viki Lazaris in a press statement. “Therefore, the premium Canadian investors place on receiving recommendations makes sense. However, it’s important to not rely solely on tips when making investment decisions. Investors should also seek sound advice.”
