Investor Questionnaire

What kind of Investor are you?

Begin to Learn More About Your Investor Profile: Before you invest, it’s important to understand what kind of investor you are which means knowing your willingness and ability to accept risk, your investment time horizon and your objectives. Try the Investor Questionnaire to begin to learn some insights into factors such as your investment time frame and your comfort level with investment risk. While this questionnaire can serve as a useful starting point for discussions with your financial advisor, it’s important to understand that this is a not a substitute for a thorough risk assessment with a financial advisor.

Terms of Use: This questionnaire is provided for informational and educational purposes only. It does not constitute financial or investment advice, nor should it be relied upon as such. When it comes to investing, we strongly recommend consulting with a registered investment advisor for personalized guidance.

I agree to the Terms of Use

Investment Time Horizon:

The length of your investment time horizon impacts the types of investments that may be suitable for you. Investors with a time horizon of greater than three years have a greater degree of flexibility when building a portfolio (although risk tolerance and investment objectives must also be considered). If you have a very short time horizon, more conservative investments like GICs or money market funds may be the only suitable option for you.

1. When do you expect to need to withdraw a significant portion (1/3 or more) of the money in your investment portfolio?

Less than 1 year 1-3 years 4-6 years 7-9 years 10 years or more

Investment Knowledge:

If you have a high level of investment knowledge, you have a good understanding of the relative risk of various types of investments and understand how the level of risk taken affects potential returns. If you have very little knowledge of investments and financial markets, speculative and high risk investments and strategies are likely not suitable options for you.

2. Which statement best describes your knowledge of investments?

I have very little knowledge of investments and financial markets. I have a moderate level of knowledge of investments and financial markets. I have extensive investment knowledge; understand different investment products and follow financial markets closely.

Investment Objectives:

Investment objectives are the goal or result you want to achieve from investing. Understanding your investment goals helps determine the types of investments best suited to meet your needs. The investment products used to meet different goals have varying levels of risk and potential returns.

3. What is your primary goal for this portfolio?

I want to keep the money I have invested safe from short-term losses or readily available for short-term needs. (Safety – Investments that will satisfy this objective include GICs and money market funds) I want to generate a steady stream of income from my investments and I am less concerned about growing the value of my investments. (Income – Investments that will satisfy this objective include fixed income investments such as funds that invest in bonds) I want to generate some income with some opportunity for the investments to grow in value. (Balanced – A balanced fund or a portfolio that includes at least 40% in fixed income investments and no more than 60% in equity funds will satisfy this objective) I want to generate long-term growth from my investments. (Growth – A portfolio with a relatively high proportion of funds that invest in equities will satisfy this objective if you also have a long time horizon and are willing and able to accept more risk)

Investment Objectives: Safety, Income, Balanced, Growth

Risk Capacity

Your financial situation including your assets, debt and the amount and stability of your income are all important when determining how much risk you can take with your investments. In addition, the larger the portion of your total assets that you are investing, the more conservative you might wish to be with this portion of your portfolio.

4. What is your annual income (from all sources)?

Less than $25,000 (0 points) $25,000 – $49,999 (2 points) $50,000 – $74,999 (4 points) $75,000 – $99,999 (5 points) $100,000 – $199,999 (7 points) $200,000 or more (10 points)

5. Your current and future income sources are:

Stable (8 points) Somewhat stable (4 points) Unstable (1 point)

6. How would you classify your overall financial situation?

No savings and significant debt (0 points) Little savings and a fair amount of debt (2 points) Some savings and some debt (5 points) Some savings and little or no debt (7 points) Significant savings and little or no debt (10 points)

7. What is your estimated net worth?

Less than $50,000 (0 points) $50,000 – $99,999 (2 points) $100,000 – $249,999 (4 points) $250,000 – $499,999 (6 points) $500,000 - $999,999 (8 points) $1,000,000 or more (10 points)

8. This investment account represents approximately what percentage of your total savings and investments?

Less than 25% (10 points) 25% - 50% (5 points) 51% - 75% (4 points) More than 75% (2 points)

9. What is your age group?

Under 35 (20 points) 35-54 (8 points) 55-64 (3 points) 65 or older (1 point)

Risk Tolerance :

Your comfort level with risk is important in determining how conservatively or aggressively you should invest. Generally speaking, you need to consider accepting more risk if you want to pursue higher returns. If you decide to seek those potentially higher returns, you face the possibility of greater losses.

10. In making financial and investment decisions you are:

Very conservative and try to minimize risk and avoid the possibility of any loss (0 points) Conservative but willing to accept a small amount of risk (4 points) Willing to accept a moderate level of risk and tolerate losses to achieve potentially higher returns (6 points) Aggressive and typically take on significant risk and are willing to tolerate large losses for the potential of achieving higher returns (10 points)

11. The value of an investment portfolio will generally go up and down over time. Assuming that you have invested $10,000, how much of a decline in your investment portfolio could you tolerate in a 12-month period?

I could not tolerate any loss (0 points) -$300 (-3%) (3 points) -$1,000 (-10%) (6 points) -$2,000 (-20%) (8 points) More than -$2,000 (more than -20%) (10 points)

12.When you are faced with a major financial decision, are you more concerned about the possible losses or the possible gains?

Always the possible losses (0 points) Usually the possible losses (3 points) Usually the possible gains (6 points) Always the possible gains (10 points)

13. The chart below shows the greatest one-year loss and the highest one-year gain on four different investments of $10,000. Given the potential gain or loss in any one year, which investment would you likely invest your money in:

EITHER a loss of $0 OR a gain of $200 (0 points) EITHER a loss of $200 OR a gain of $500 (3 points) EITHER a loss of $800 OR a gain of $1,200 (6 points) EITHER a loss of $2,000 OR a gain of $2,500 (10 points)

1. Best outcome is gain $200, Worst outcome is nil losses. 2. Best outcome is gain $500, Worst outcome is $200 in losses. 3. Best outcome is gain $1200, Worst outcome is $800 in losses. 4. Best outcome is gain $2500, Worst outcome is $2,000 in losses.

14. From September 2008 through November 2008, North American stock markets lost over 30%. If you currently owned an investment that lost over 30% in 3 months, you would:

Sell all of the remaining investment to avoid further losses (0 points) Sell a portion of the remaining investment to protect some of your capital (3 points) Hold onto the investment and not sell any of the investment in the hopes of higher future returns (5 points) Buy more of the investment now that prices are lower (10 points)

15. Investments with higher returns typically involve greater risk. The charts below show hypothetical annual returns (annual gains and losses) for four different investment portfolios over a 10-year period. Keeping in mind how the returns fluctuate, which investment portfolio would you be most comfortable holding?

Portfolio A (0 points) Portfolio B (4 points) Portfolio C (6 points) Portfolio D (10 points)

Portfolio A: Small returns for all 10 years , no losses in any year. Portfolio B: Moderate returns in years 1,4,5, 6,7, 8 and 10, moderate losses in years 2,3 and 9. Portfolio C: Moderate-High returns in years 1, 4,5,6 7,8 and 10, moderate- high losses in years 2,3 and 9. Portfolio D: High returns in years 1,4,5 7,8 and 10, high losses in years 2,3,6, and 9.

Your Answers:

Your Investor Profile Based On Your Answers: Learn more about how this questionnaire is scored and an investor profile is determined.

Very Conservative Investor

You have a very low tolerance for risk and are unable to tolerate any investment losses. You prefer knowing that your capital is safe and are willing to accept lower returns to protect your capital. You may have also got this result if you have a very short investment time horizon or an investment objective of safety.

Conservative Investor

You have a low tolerance for risk and potential loss of capital. You are willing to accept some short-term fluctuations and small losses in your investment portfolio in exchange for modest returns. You may have also got this result if you have shorter investment time horizon or an investment objective of income.

Balanced Investor

You have a moderate tolerance for risk and loss of capital. You are willing to tolerate some fluctuations in your investment returns and moderate losses of capital. You have at least a medium term investment time horizon.

Growth Investor

You have a high tolerance for risk and loss of capital. You are willing to tolerate large fluctuations in your investment returns and moderate to large losses of capital in exchange for potential long-term capital appreciation. You do not have any significant income requirements from your investments. You have at least a medium term investment time horizon.

Aggressive Growth Investor

Your tolerance for risk, portfolio volatility and investment losses is very high. You are willing to tolerate potentially significant and sustained price fluctuations and large losses of capital. You have extensive investment knowledge. You have no income requirements from your investments and have a long investment time horizon.

Does this sound like you?

Yes No

Great, however remember that a questionnaire is just a starting point. Consider speaking with an advisor to have a deeper discussion about your investment goals, comfort with risk and investment return expectations.

Your investor profile based on the questionnaire does not match with how you would describe yourself as an investor. This questionnaire is designed to produce an investor profile that takes the lower of your willingness to accept and your ability to withstand losses while also considering other factors that may limit how much risk you can take such as your investment time horizon. You can try the investor questionnaire again, but remember a questionnaire is always just a starting point, please consider speaking with an advisor to have a deeper discussion about your investment goals, comfort with risk and investment return expectations.