Wealth Professional | No wonder these people need advisors…
Canadian investors prefer the short soundbites of Kevin O’Leary or Larry Kramer to proper analytical print media such as the Report on Business, Wall Street Journal orFinancial Post, according to a new survey. However, despite the increasing popularity and adoption of social media, they still rely on traditional news media as sources for investing information and advice.
The study, conducted for BMO InvestorLine, reveals that more than half of investors look to traditional media such as TV and newspapers for investing information and advice, and around one-third use social media sources such as LinkedIn. It also revealed that one in 10 Canadians use Facebook as a source of financial advice.