Poll finds most investors sticking to the long term and sighting 'incredible opportunities' amid pandemic
While the coronavirus crisis has left many investment portfolios decimated and worse, many enterprising investors responding to a new poll are choosing to see the bright side.
In a national survey conducted among members of the Angus Reid Forum, Qtrade Investor found that 11% of investors are expecting a quick market rebound.
Another 39% anticipate “incredible opportunities” to buy low, and 29% predicted smart investors will “make a killing.” Male investors were more likely than females to hold those optimistic investing viewpoints.
In the face of volatility and uncertainty in the markets, there’s a lot of temptation to change course. But when asked whether they’ve changed their investing strategy in light of COVID-19, 76% of Canadian investors responded with a decisive “no.”
“With everyone closely watching their investments during this unprecedented time, it's reassuring to see such a significant level of optimism from Canadian investors,” said Christine Zalzal, SVP and Head of Qtrade Investor and VirtualWealth
The survey also found those with over $100,000 invested were substantially more likely to embrace the “long game” than those with less than $100,000 to work with.
Not everyone was confident. At a national level, 48% of Canadian investors polled said the market would need a lot of time to stabilize, while 40% expected many investors would lose money.
A minority of respondents also said they would be extremely nervous (8%) or may never sleep again (17%) should their partner or spouse took charge of their investment decisions. However, a greater proportion of respondents (40%) said they’d be confident if their partner were to do so.