| Do-it-yourself
RSPs on the Rise as More Canadians Save for Retirement Online
Interview
Opportunity
What:
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.
Why:
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.
Who:
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 discuss:
- 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 RSPs.
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Media Contacts:
JoAnne Hayes, Toronto, joanne.hayes@bmo.com,
(416) 867-3996
Lucie Gosselin, Montreal, lucie.gosselin@bmo.com,
(514) 877-1101
Laurie Grant, Vancouver, laurie.grant@bmo.com,
(604) 665-7596
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