Most Canadian women shareholders either call your shots or have even input when it comes to how to invest their household’ersus money, according to a completely new survey.
However, only fifty percent feel confident regarding their investing abilities, the poll released from the Canadian Imperial Bank involving Commerce suggests.
“Women of all ages are leaning within and making key decisions on wealth and financial planning for themselves and their family,” says Sarah Widmeyer, md and head regarding wealth strategies at CIBC, in a statement.
“On the other hand, our poll findings clearly show there is far more work to be done that can help women build self-belief.”
The survey, conducted on line among 1,010 Canada women 18 years or older who may have investment portfolios, found that Forty six per cent said they were the main decision maker when it came to opportunities and 46 % said they talk about the responsibility equally with another man.
But 54 per cent declare they feel confident concerning investing, and 49 per cent say they feel knowledgeable, the particular study showed.
On average, women of all ages start to invest at 29, the survey showed.
Millennial women, those between the ages of 18 along with 34, are more likely to cope with their investments on their own through a discount broker agent, at 46 per cent. That’s compared to 28 per cent for women between the ages of 35 and Fifty four, and 19 % for those 55 several older.
Women tend to be careful investors, with 72 per cent identifying security as being very important, followed by growth at 60 per cent and liquidity at 33 per-cent.
Those who already have some sort of portfolio for old age primarily invest in certain and savings goods, at 48 percent, and stocks like mutual funds for 37 per cent, good poll. Of women planning on future investments, 52 per cent say they will intend to invest in assured and savings items – more than people who are looking at stocks (Up to 30 per cent) and connections (17 per cent).
“Girls tend to view success in terms of security and not opportunity,” says Widmeyer. “That could be an issue if you’re saving for a long-term target like retirement.”