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BMO Nesbitt Burns

BMO Nesbitt Burns

July 19, 2011 09:00 ET

Ninety Per Cent of Quebecers Are Confident About Their Investments: BMO Nesbitt Burns

- Almost 90 per cent of Quebecers feel they are managing their investments well

- However, Quebec investors are the least likely in the country to have a financial plan

- Almost three-quarters of Canadians hold investments

- Vast majority of Canadians are confident they are managing their investment portfolio well

MONTREAL, QUEBEC--(Marketwire - July 19, 2011) - BMO Nesbitt Burns today released the results of a study which reveal that investors in Quebec are feeling confident (85 per cent) that they are managing their investments well. However, Quebecers are the least likely (44 per cent) in the country to have a financial plan, which can be a critical tool in helping identify and realize one's financial goals.

"It's great news that Quebecers have a strong sense of confidence when it comes to their investments. However, this confidence doesn't mean that they don't need a financial plan, which can be a critical component to investing success," said Stuart Hinshelwood, Equity Specialist, BMO Nesbitt Burns. "A good knowledge of your investments and a written financial plan are essential to being able to achieve your financial goals."

Quebec Regional Highlights:

The study, conducted by Leger Marketing, also revealed the following:

  • 67 per cent of Quebec residents hold investments
  • Only 57 per cent know what is in their investment portfolio
  • When it comes to general knowledge about specific types of investments, Quebecers are most knowledgeable (46 per cent) about Guaranteed Investment Certificates

National Highlights:

  • Almost three-quarters of Canadians hold investments (72 per cent)
  • 83 per cent are confident they are managing their investments well

One of the more concerning results of the study is that only a slim majority (51 per cent) of Canadians have a financial plan in place.

"Although creating a financial plan may seem like a difficult task to undertake, a financial professional can help," said Mr. Hinshelwood. "They can work with you to define your goals, identify your risk tolerance and find the correct asset mix that's right for you."

Albertans are Canada's "Savviest" Investors:

Albertans led the country in several general investing areas covered by the study, including:

  • Highest percentage (84 per cent) holding investments
  • Knowing what they hold in their investment portfolios (68 per cent)
  • General familiarity with specific investments such as equities, mutual funds, exchange traded funds, bonds and GICs.

The online survey was conducted by Leger Marketing from June 13 – June 16, 2011, with 1501 Canadian adults.

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