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Stock impact report

Posthaste: The hidden secret to retirement savings [Yahoo! Finance Canada]

Sun Life Financial Inc. (SLF) 
Last sun life financial inc. earnings: 2/12 05:01 pm Check Earnings Report
Sophisticated investors, those with high confidence and literacy, save 86 per cent more than those with low confidence and high literacy, who are called cautious experts by a recent survey by Sun Life Financial Inc. In other words, “confidence matters more than competence,” the report said, creating a “paradox” in retirement investment where confident investors are most likely to seek help from financial advisers, while those with low confidence and who could benefit most from professional advice tend to seek advice from loved ones instead. “An 86 per cent difference in savings is staggering,” Dave Jones, senior vice-president of group retirement services at Sun Life , said in a release. “This isn't just a stat; this confidence paradox is a wake-up call. We must go beyond education and help Canadians build the confidence they need to take control of their financial futures.” Individually, confident investors tend to put away 64 per cent more of their income than those with less Show less Read more
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