Thomas & Wanda

"Mr. & Mrs. Fraser Valley"

For the love of investments

While online investing offers a level playing field to women and men, there are differences between how the genders tackle their investments. The largest motivator driving women to become more involved in managing their investments is a life event. For men, it's knowing how much money they have now, compared to what they will need in the future.

"Women tell us their engagement is rooted in the future use of the investment such as saving for a child's education; men on the other hand are more driven by achieving the target amount they have set for themselves," said Michael MacDonald, vice-president of strategy at RBC Direct Investing. "The key motivator for each gender differs, but both recognize the importance of being knowledgeable and involved."

Confidence also continues to be a divergent factor between the sexes. Men are more likely than women to agree that they are good investors. MacDonald adds that there are many resources available to build that knowledge and gain confidence. For example, RBC Direct Investing offers to its online investors:

• Practice Accounts, a no-risk way to test investing strategies and develop investing skills.

• Portfolio tools, to help online investors build their portfolios and chart their progress.

More information is available online at www.rbcdirectinvesting.com.RBC is a member of the Canadian Investor Protection Fund.

Comments:
No comments

Post Your Comment:

Categories
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.