TORONTO, ONTARIO — (Marketwire) — 11/16/12 — To mark Financial Literacy Month, BMO Financial Group is releasing a series of financial tips throughout November. As part of BMO-s commitment to -Making Money Make Sense-, the tips are designed to help individuals and families save and manage their day-to-day finances more effectively.
BMO-s Tip of the Day: To stay on track to reach your financial goals, keep a well-diversified investment portfolio.
A diversified portfolio – one with a mix of investments spread across several sectors – reduces volatility without lowering expected returns.
“In order to get the most from your money, your investments must be well-diversified and properly aligned with your financial goals,” said Serge Pepin, Vice President, Investment Strategy, BMO Global Asset Management. “In today-s unpredictable market, it-s crucial to balance your portfolio with a mix of investments. A financial professional can help you identify adjustments that will mitigate risk and make your portfolio less susceptible to market fluctuations.”
BMO offers the following advice on maintaining a well-diversified investment portfolio:
“CFEE commends BMO-s ongoing efforts to support Financial Literacy in Canada and promote ways in which Canadians can increase their competence and confidence when managing their personal finances on a day-to-day basis,” said Gary Rabbior, President, Canadian Foundation for Economic Education (CFEE).
BMO Financial Literacy Month Tips
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For more on financial literacy, Canadians can visit the Government of Canada-s website, as well as BMO-s online resource.
About BMO Financial Group
Established in 1817 as Bank of Montreal, BMO Financial Group is a highly diversified North American financial services organization. With total assets of $542 billion as at July 31, 2012, and more than 46,000 employees, BMO Financial Group provides a broad range of retail banking, wealth management and investment banking products and solutions.
Contacts:
Media contacts:
Rachael McKay, Toronto
(416) 867-3996
Valerie Doucet, Montreal
(514) 877-8224
Laurie Grant, Vancouver
(604) 665-7596
Internet:
Twitter: @BMOmedia