Online investing surge - MoneySense

Online investing surge

Two-thirds of Canadians say they are likely to be investing online in the next five years. This and more in the daily roundup.

  • A recent BMO InvestorLine poll suggests the percentage of online investors could triple in the next decade. Nearly 20% of survey respondents already invest online while 65% said they are likely to start in the next five years, that number jumps to 81% among 18 to 34-year-olds. The bank recommends researching online brokerages before signing up to learn more about the range of services available to you as a client such as resources, tools, the user interface and stock screener. MoneySense ranks Canada’s Best Discount Brokerages in the June issue on newsstands now.
  • Check out Canadian Business’ 50th annual Investor 500. It’s Canada’s premier stock market guide with analyst tips, stock rankings, Canada’s most profitable companies and more.
  • Congratulations to Preet Banerjee! He picked up first prize at the Portfolio Management Association of Canada (PMAC) second annual Awards for Excellence in Investment Journalism for his June 2012 MoneySense article entitled, “How you doin?