TORONTO, Feb. 25 /CNW/ -
More and more Canadians are turning to do-it-yourself (DIY) investing as
an effective way to build their retirement nest egg. According to Investor
Economics, as of September 2007, RSPs made up almost one-third ($56 billion)
of the $180 billion investments made online. That percentage is even higher
and growing at BMO InvestorLine where registered investments now make up more
than 40 per cent of total assets.
Many more mainstream, long-term investors are choosing to take control of
their investments by investing online. DIY investing is no longer considered
the exclusive domain of sophisticated investors or day traders.
There is an abundance of information and resources available online today
to empower a wide range of investors to make their own investment decisions.
For example, BMO InvestorLine offers a comprehensive package of planning,
investment selection and management tools to guide investors towards a more
disciplined, long-term investing approach. To help them make more informed
investment decisions, BMO InvestorLine's MyLink service sends personalized
messages directly to individual investors with timely and relevant
information, specific to their holdings.
BMO InvestorLine also has tools to help investors develop a retirement
plan and easily build and manage a diversified RSP portfolio. For those
investors who are new to online investing, there are online tutorials and
interactive demos available to help them get started.
National and regional online investing experts, including
Connie Stefankiewicz, President and CEO, BMO InvestorLine, are available to
provide straightforward guidance on DIY RSPs and online investing. They can
- Retirement planning online
- Benefits of investing online
- Who should consider investing online and who should not
- How to get started
- Tools and information available to help DIY investors
Online investing experts are also available to present live demos of DIY
For further information:
For further information: Media contacts: JoAnne Hayes, Toronto,
email@example.com, (416) 867-3996; Lucie Gosselin, Montreal,
firstname.lastname@example.org, (514) 877-1101; Laurie Grant, Vancouver,
email@example.com, (604) 665-7596