DC plan sponsors take note: a growing number of Canadians are comfortable managing their investments online, according to poll results from TD.
The TD Direct Investing Poll found that a majority of Canadians now book travel (60%), research car purchases (59%) and buy event tickets (58%) online. While just 22% said they are comfortable managing their investments online, 13% said they do this more frequently today than they did five years ago. And 41% use the Internet to research investment options.
“Self-directed investing is a great way to plan and manage your retirement nest egg—and it’s never too early to start planning for your golden years,” says Rowena Chan, vice- president with TD Direct Investing.
Respondents who perform tasks online said they do so in order to save time (82%), do things on their own timeline (75%) and have access to lots of information (55%).
“Even with everything Canadians have on the go, it’s essential to prioritize planning and saving for retirement. The earlier you start, and make it a part of your lifestyle, the easier it will be to accumulate your retirement savings,” said Chan. “There are many benefits to managing your own investments, including the ability to view and make changes to your portfolio where and when it’s convenient for you.”