Canadians Emotional Investors

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    Two-thirds of Canadians are not able to keep their emotions in check when they make investment decisions and a majority of them have invested on impulse, says the ‘Psychology of Investing Report’ by the Bank of Montreal. Sixty per cent say they’ve invested on impulse at least once and the most common emotions respondents reported were anticipation, trust, and fear. The report also found that many Canadians (44 per cent) are unaware of how to make an investment and lack the confidence to do so, but one-quarter do extensive research prior to making an investment decision.