B.C. investors most “emotional” in Canada: BMO

B.C.'s investors are the most emotional in Canada, according to the results of a BMO Bank of Montreal survey. 

B.C.'s investors are the most emotional in Canada, according to the results of a BMO Bank of Montreal survey. 

The bank found that 47% of British Columbians say that emotion plays a role in their investment decisions, compared with the national average of 41%.

The bank also found that 63% of B.C. investors have made an investment decision based solely on impulse and 61% report that they are not always in control of emotions when investing.

The bank identified anticipation, trust and fear as the emotions felt most intensely by investors when deciding how to invest.

"Though we can't always help how we feel, it's important to keep our emotions in check when making decisions about investing," said Serge Pépin, vice-president, investment strategy, for BMO Asset Management Inc.

BMO also announced that, based on its research:

  • 45% of British Columbians are not confident investors;
  • 28% are not familiar with the companies in which they invest;
  • only 17% conduct "careful and extensive" research before making investment decisions; and
  • 15% have invested based solely on a company's name or logo.

jwagler@biv.com

@JennyWagler_BIV

comments powered by Disqus

Also Read

More From Economy

Canaccord founder Peter Brown doubts he could have built his empire under current conditions   

Read Article

Soft growth in China is underscoring the forecast for a weak global economic outlook in 2016, but British Columbia could be poised to...

Read Article

There may soon be “blood on the streets in Calgary” but B.C. is poised for a rebound in mergers and acquisitions (M&A) after Canadian activity ...

Read Article

The transaction marks the first time a private home-care franchisor has entered into this type of deal 

Read Article

Some think saving probate fees relates to saving income taxes. Nothing could be further from the truth

Read Article

Subscribe to our mailing lists

* indicates required

Newsletters

* You can modify your newsletter subscriptions at the bottom of any newsletter you receive.
×