“Overall the majority of Canadians surveyedhad positive feelings about their investing experiences.”

Y

For more insights and information, visit bmo.com/wealth/reports/investing

Make better investment choices by understanding and reducing biasInvestors are often subject to behavioural biases that can lead to flawed decisions and choices. Being aware of these biases – and understanding how

they arise from your background and life experiences – can help you make better investing decisions and achieve your financial goals.

All generations can benefit from greater financial knowledge and apersonalized wealth plan. Talking to a financial professional can help.

Source: BMO Wealth Management Report, Make better investment choices by understanding and reducing bias, October 2017. This publication is for informational purposes only and is not and should not be construed as, professional advice to any individual. Individuals should contact their BMO representative for professional advice regarding their personal circumstances and/or financial position. The information contained in this publication is based on material believed to be reliable, but BMO Wealth Management cannot guarantee the information is accurate or complete. BMO Wealth Management does not undertake to advise individuals as to a change in the information provided. It is intended as advice of a general nature and is not to be construed as specific advice to any particular person nor with respect to any specific risk or insurance product. The comments included in this publication are not intended to be a definitive analysis of tax applicability or trust and estates law. The comments contained herein are general in nature and professional advice regarding an individual’s particular tax position should be obtained in respect of any person’s specific circumstances.® ”BMO (M-bar roundel symbol)” is a registered trade-mark of Bank of Montreal, used under licence.All rights are reserved. No part of this publication may be reproduced in any form, or referred to in any other publication, without the express written permission of BMO Wealth Management. BMO Wealth Management is the brand name for a business group consisting of Bank of Montreal andcertain of its affiliates in providing wealth management products and services.

† Respondents in the survey may have selected more than one response, and so the percentages do not total 100%.

What goal is eachgeneration investing for?

Retirement

For an emergency fund

Home purchaseor upgrade

For education of childrenor grandchildren

To pass onan inheritance

For a short-term goal,such as a vacation

63%62%

32%

14%20%

29%

16%22%23%

What are each generation’sfeelings about investing?

Comfortable

Overwhelmed

Confused

28%33%38%

Satisfied 23%29%35%

17%13%12%

8% 11% 16%

Need for greaterfinancial literacy

Lack of understanding ofinvestment terminology

Uncomfortable becauseI don’t understand markets

Unsure what investmentoptions are available

6%20%

27%

13%22%

17%

20%13%12%

Buy-and-hold isn’t for everyoneMillennials skew to short-term

timeframes & goals

Canadian Edition

Buy-and-holdfor long term

44%43%

32%

Put the money asideand then decide later

22%22%

31%

Accumulating interm deposits or savings

26%20%20%

Dollar cost averagingwith regular purchases

Add to investmentswhen savings accumulate

Borrow to invest andthen repay over time

18%17%20%

19%18%

15%

8%12%

15%

13% 15% 20%

11% 16% 21%

9% 16% 21%

BOOMERS GEN-XERS MILLENNIALS

Millennials ruled by caution Influenced by Financial Crisis of 2007-2008 More in common with grandparents, who lived through Great Depression

Baby Boomers are moreconfident in their investments Strong average returns have helped Boomers prepare for retirement