After stocks, things get weird
The most popular investment choice of do-it-yourself investors is individual stocks. After that, things get weird.
So much for the idea of DIY investors being too cool for school where mutual funds are concerned. You’d expect mutual funds to dominate in portfolios built by advisers, and that’s in fact the case. In the BCSC survey, 54 per cent of advised investors said they held mutual funds, 21 per cent held stocks and just 10 per cent held ETFs.
It’s particularly jarring to see GICs ranked well ahead of ETFs by DIY investors, although this may be explained by a rise in interest rates that for a time produced GIC returns of 5 to 6 per cent. Expect the GIC component of all investor portfolios to ease back as existing holdings mature into a lower rate world.
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