Boomers Got Hooked on Stocks. Now They Can’t Let Go.

deaddog said:
What if anything are they investing in?
Pretty well everyone I know has some sort of TFSA or RRSP that is probably managed by a financial advisor (Mutual fund salesperson) or their employer.
If they have some sort of company pension plan they are probably invested in stocks.
Canada pension plan is invested in stocks.
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There has been some transition to low fee etfs and self directed in recent years. To what degree I don't have the numbers. For someone who doesn't want to monitor markets, broad based investments with low fees remains a very good strategy. If someone is somewhat savvy, swinging in and out of these positions based on long term technicals and currency factors is a better alternative imo.
 
Nine_Ender said:
There has been some transition to low fee etfs and self directed in recent years. To what degree I don't have the numbers. For someone who doesn't want to monitor markets, broad based investments with low fees remains a very good strategy. If someone is somewhat savvy, swinging in and out of these positions based on long term technicals and currency factors is a better alternative imo.
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I agree. I was responding to @The_Krakenite who said the boomers he talked to don't own any stocks. I was curious as to what they invested in.
The people I know have registered plans that are managed and don't really know what's in the portfolio.
 
deaddog said:
I agree. I was responding to @The_Krakenite who said the boomers he talked to don't own any stocks. I was curious as to what they invested in.
The people I know have registered plans that are managed and don't really know what's in the portfolio.
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I would imagine there are a good number of people who basically just own equity in their home and GICs. Some might own stock in their employer through a discounted purchase program. If it's Canada, a lot of people own funds/etfs that are dominated by big banks. There may be some crypto or gold bugs in the mix but not many in older age brackets.

My guess is after 2008/2009 a lot of people lost faith in managed funds and 100% passive investing. I knew one woman whose advisor told her to sell all her stocks at the bottom; I think she sold some of them. Most of the mutual fund companies in Canada are struggling to maintain clients if you look at their stocks.
 
They will get to ride their investments all the way to the bottom. Generational warfare will ensue and as their wealth dissipates, so will their influence.Hoped the really enjoyed Woodstock and the Haight Ashbury District when they could.

Akuma
 
Nine_Ender said:
My guess is after 2008/2009 a lot of people lost faith in managed funds and 100% passive investing. I knew one woman whose advisor told her to sell all her stocks at the bottom; I think she sold some of them. Most of the mutual fund companies in Canada are struggling to maintain clients if you look at their stocks.
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The people I know all stuck their heads in the sand and waited during 2008/09. Most advisors are long term buy and hold trained. I don't know any who reccommended selling at that time.

As for the mutual fund companies the three main ones AGF.b, CIX and IMF have outperfromed the XIU for the last year.
 
I’m tellin ya,
We ain’t doing stocks no more ,
We’re doing spreads,
Strangles,
Condors
Butterflies
Synthetic covered calls…

no, really…
 
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