Falling markets not changing how Canadian investors view portfolios: poll

TORONTO - Falling stock markets have not changed how most Canadian investors view their portfolios, a new poll suggests.

The online poll released Tuesday and conducted for CIBC (TSX:CM) found that 58 per cent of people surveyed say they're sticking with their long-term investment strategy despite the recent market volatility.

See Full Article

This compared with 18 per cent of investors polled who say they plan on taking on a more defensive strategy to protect their original investments, while five per cent say they plan on investing more aggressively to achieve higher returns.

Overall, 56 per cent said they did not achieve the returns they expected over the last year.

The survey also found that investor expectations vary greatly:

  • The majority (27 per cent) say they need a return of four to six per cent on their stock portfolios to meet their investment goals
  • 18 per cent say they need a six to eight per cent annual return rate
  • 13 per cent say they need a two to four per cent return rate
  • seven per cent say they need an eight to 10 per cent return rate
  • five per cent say they need more than a 10 per cent return on their portfolios annually
  • four per cent of investors surveyed say they need an annual return of two per cent or less

Another 26 per cent admit to not knowing how much of a return they need to reach their goals, the poll found.

The Toronto Stock Exchange has shed nearly two per cent since the start of the year.

The poll, conducted by Vision Critical, was based on an online sample of 1,003 adults between Jan. 20 and 22.

The polling industry's professional body, the Marketing Research and Intelligence Association, says online surveys cannot be assigned a margin of error because they do not randomly sample the population.



Advertisements

Latest Economic News

  • Ontario transit agency won't let Bombardier bid to operate commuter trains

    Economic CTV News
    MONTREAL -- Ontario's transit agency has decided not to appeal a court ruling favouring Bombardier but will exclude the Montreal-based company from bidding to continue operating GO Transit trains as it has done for decades. Source
  • Business groups blast Ontario labour proposals on last day of consultations

    Economic CTV News
    TORONTO -- Unions and advocacy groups made one last effort Friday to sway the Ontario government on its plan for sweeping changes to the province's labour laws, with some sounding the alarm about what they deem drastic measures and others arguing the proposal doesn't go far enough. Source
  • Marijuana companies band together to develop marketing guidelines

    Economic CTV News
    TORONTO -- Sixteen of Canada's licensed marijuana producers have enlisted the help of Advertising Standards Canada to develop guidelines on how the drug should be branded and promoted before its recreational use becomes legal next year. Source
  • Husky Energy set to repair pipeline that spilled crude into river a year ago

    Economic CTV News
    CALGARY -- Husky Energy (TSX:HSE) says it has been granted permission to repair and replace a section of pipeline that leaked 225,000 litres of crude in Saskatchewan just over a year ago. Chief executive Robert Peabody said that it will be applying lessons learned from the spill on the rebuild. Source
  • Ford says it will fight latest Takata recall

    Economic CTV News
    DETROIT -- Ford is fighting the latest expansion of the Takata air bag inflator recall. Earlier this month Takata filed documents with the U.S. government adding 2.7 million vehicles to the recall from Ford, Nissan and Mazda. Source
  • FedEx to close all Office Print and Ship Centres across Canada

    Economic CTV News
    FedEx Canada has announced that it will be closing all of its FedEx Office Print and Ship Centres, across Canada. All 24 centres, the manufacturing plant, and the head office in Toronto will close. Source
  • Car buying pushes retail sales up for third month in a row in May

    Economic CBC News
    Strong auto sector activity helped Canadian retail sales activity rise for a third straight month in May, climbing by 0.6 per cent to $48.9 billion, Statistics Canada said Friday. The monthly increase was double the consensus expectation of economists Source
  • Judge OKs $11.2M settlement for hacked Ashley Madison users

    Economic CTV News
    ST. LOUIS -- A federal judge on Friday approved an US$11.2 million settlement between the marital infidelity website Ashley Madison and users who sued after hackers released personal information, including financial data and details of their sexual proclivities. Source
  • Judge OKs US$11.2M settlement for hacked Ashley Madison users

    Economic CTV News
    ST. LOUIS -- A federal judge on Friday approved a US$11.2 million settlement between the marital infidelity website Ashley Madison and users who sued after hackers released personal information, including financial data and details of their sexual proclivities. Source
  • What drug-dealing 'darknet' sites have in common with eBay

    Economic CTV News
    NEW YORK -- AlphaBay, the now-shuttered online marketplace that authorities say traded in illegal drugs, firearms and counterfeit goods, wasn't all that different from any other e-commerce site, court documents show. Not only did it work hard to match buyers and sellers and to stamp out fraud, it offered dispute-resolution services when things went awry and kept a public-relations manager to promote the site to new users. Source