Survey reveals shares and actual property as prime investments, with most Canadians investing independently
HelloSafe performed a survey to know funding habits in Canada.
The findings reveal that shares and actual property are the highest funding selections for Canadians in 2024.
To establish the popular funding options, respondents have been requested, “What’s your favorite funding?” from a listing of well-liked funding merchandise in Canada. The outcomes present:
- The inventory market is the best choice for 46.3 % of respondents.
- Actual property is most well-liked by 34.5 % of respondents.
- Life insurance coverage (10.1 %) and cryptocurrencies (4.1 %) are much less well-liked choices.
- Different funding choices are chosen by 5 % of respondents.
Unbiased Investing
Practically two-thirds of Canadians desire to handle their investments independently. Particularly, 65.3 % of respondents indicated they make investments on their very own. For these looking for exterior help:
- 18.1 % make investments by means of a dealer.
- 11.1 % make investments by means of their financial institution.
- 5.6 % make investments based mostly on recommendation from mates or family members.
Age Group Preferences: Shares and Cryptocurrencies
Funding preferences range by age group. The inventory market is a well-liked alternative throughout all age teams, though it’s much less favoured by these aged 36-45. Particularly:
- 57.7 % of respondents aged 16-25 desire shares.
- 58.1 % of respondents aged 26-35 desire shares.
- 42.2 % of respondents aged 36-45 desire shares.
- 52.1 % of respondents aged 46-55 desire shares.
- 66.5 % of respondents aged 56 or older desire shares.
Cryptocurrencies are notably most well-liked by youthful buyers. Whereas solely 4.1 % of Canadians total contemplate cryptocurrencies amongst their prime funding choices, youthful respondents present extra enthusiasm:
- 29.2 % of respondents aged 16-25 contemplate cryptocurrencies amongst their prime three funding selections.
- 27.7 % of respondents aged 26-35 contemplate cryptocurrencies amongst their prime three funding selections.
- 14.9 % of respondents aged 36-45 contemplate cryptocurrencies amongst their prime three funding selections.
- 8.8 % of respondents aged 46-55 contemplate cryptocurrencies amongst their prime three funding selections.
- 0.5 % of respondents aged 56 or older contemplate cryptocurrencies amongst their prime three funding selections.
LATEST NEWS