Gracey <kgracey@bcsc.bc.ca>
Subject: BCSC News Release: BCSC launches new investment calculators onInvestRight.org
PLAIN TEXT:
https://www.bcsc.bc.ca/News/News_Releases/2018/78_BCSC_launches_new_investment_calculators_on_InvestRight_org/
BCSC launches new investment calculators on InvestRight.org
2018/78
October 15, 2018
Vancouver - As part of its Investor Education Month activities, the British Columbia Securities Commission (BCSC) is p
--->leased to announce the launch of a Return on Investment Calculator<https://www.investright.org/investing-101/return-on
--->-investment/> and an Investment Growth Calculator<https://www.investright.org/investment-growth-calculator/> on its in
--->vestor education website, InvestRight.org.
The BCSC developed the ROI calculator after conducting survey research that demonstrated that the return on investment
---> (ROI) calculation can be difficult for people to understand.
The BCSC conducted an online study of 300 B.C. residents' understanding of ROI, asking survey respondents to make calc
--->ulations based on two questions - a relatively straightforward question and a slightly more complicated one. The surve
--->y identified that an "overconfidence gap" significantly widened when respondents answered the more complicated questio
--->n.
At the outset, the survey asked respondents about their comprehension of ROI, and 86 per cent of respondents indicated
---> a degree of comfort with the concept.
When asked to calculate the first question, 79 per cent of respondents answered correctly - an overconfidence gap of s
--->even per cent. Only 23 per cent of respondents answered the second question correctly, increasing the overconfidence
--->gap significantly to 63 per cent.
"We are seeing from this data and our overall experience that investors need tools to help them understand important i
--->nvesting concepts," said Pamela McDonald, BCSC Director of Communications and Education. "The launch of these two calc
--->ulators and other improvements to InvestRight.org are part of our ongoing efforts to improve investing literacy in Bri
--->tish Columbia so that investors can have the best investment outcomes."
The new Investment Growth Calculator shows investors how investment contributions can grow over 20 years. Visitors to
--->the website can choose a portfolio size and see how two different amounts grow. The calculator uses a conservative rat
--->e of return to demonstrate that investing on regular basis can increase savings over time through compounding returns.
These new calculators are two featured items in a suite of enhancements to InvestRight.org that enhance user experienc
--->e, encourage more engagement on the website, and improve overall content presentation. InvestRight.org also features t
--->ools to help investors improve their investment fee knowledge, such as a Fee Calculator, on the Take a Look at Your In
--->vestment Fees<https://www.investright.org/know-about-investment-fees/>.
About the British Columbia Securities Commission ( www.bcsc.bc.ca <http://www.bcsc.bc.ca/> )
The British Columbia Securities Commission is the independent provincial government agency responsible for regulating
--->capital markets in British Columbia through the administration of the Securities Act. Our mission is to protect and pr
--->omote the public interest by fostering:
* A securities market that is fair and warrants public confidence
* A dynamic and competitive securities industry that provides investment opportunities and access to capital
- 30 -
Media Contact:
Brian Kladko
604-899-6713
Public inquiries:
604-899-6854 or 1-800-373-6393 (toll free)
inquiries@bcsc.bc.ca<mailto:inquiries@bcsc.bc.ca>
Learn how to protect yourself and become a more informed investor at www.investright.org<http://www.investright.org/>
________________________________
If this message is not meant for you, do not use it - please let us know, and then delete it. We try hard to keep our
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--->vent their spread.
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<h1 style="margin:0in;margin-bottom:.0001pt"><span style="font-size:11.0pt;font-family:"Arial","sans-se
--->rif";color:#052C48;font-weight:normal"><a href="https://www.bcsc.bc.ca/News/News_Releases/2018/78_BCSC_launches_n
--->ew_investment_calculators_on_InvestRight_org/">https://www.bcsc.bc.ca/News/News_Releases/2018/78_BCSC_launches_new_inv
--->estment_calculators_on_InvestRight_org/</a><o:p></o:p></span></h1>
<h1 style="margin:0in;margin-bottom:.0001pt"><span style="font-size:14.0pt;font-family:"Arial","sans-se
--->rif";color:#052C48;font-weight:normal"><o:p> </o:p></span></h1>
<h1 style="margin:0in;margin-bottom:.0001pt"><span style="font-size:14.0pt;font-family:"Arial","sans-se
--->rif";color:#052C48;font-weight:normal">BCSC launches new investment calculators on InvestRight.org<o:p></o:p></sp
--->an></h1>
<p><span style="font-family:"Arial","sans-serif";color:black">2018/78 <br>
October 15, 2018<o:p></o:p></span></p>
<p><strong><span style="font-family:"Arial","sans-serif";color:black">Vancouver</span></strong><sp
--->an style="font-family:"Arial","sans-serif";color:black"> - As part of its Investor Education
--->Month activities, the British Columbia Securities Commission (BCSC)
is pleased to announce the launch of a <a href="https://www.investright.org/investing-101/return-on-investment/"
---> target="_blank" title="Return on Investment Calculator"><span style="color:#7E3141">Return on Investment Calculator</
--->span></a> and an <a href="https://www.investright.org/investment-growth-calculator/" target="_blank" title="
--->Investment Growth Calculator"><span style="color:#7E3141">Investment
Growth Calculator</span></a> on its investor education website, InvestRight.org.<o:p></o:p></span></p>
<p><span style="font-family:"Arial","sans-serif";color:black">The BCSC developed the ROI calculato
--->r after conducting survey research that demonstrated that the return on investment (ROI) calculation can be difficult
--->for people to understand. <o:p></o:p></span></p>
<p><span style="font-family:"Arial","sans-serif";color:black">The BCSC conducted an online study o
--->f 300 B.C. residents' understanding of ROI, asking survey respondents to make calculations based on two questions - a
--->relatively straightforward question and a
slightly more complicated one. The survey identified that an "overconfidence gap" significantly widened whe
--->n respondents answered the more complicated question.<o:p></o:p></span></p>
<p><span style="font-family:"Arial","sans-serif";color:black">At the outset, the survey asked resp
--->ondents about their comprehension of ROI, and 86 per cent of respondents indicated a degree of comfort with the concep
--->t. <o:p></o:p></span></p>
<p><span style="font-family:"Arial","sans-serif";color:black">When asked to calculate the first qu
--->estion, 79 per cent of respondents answered correctly - an overconfidence gap of seven per cent. Only 23 per cen
--->t of respondents answered the second question
correctly, increasing the overconfidence gap significantly to 63 per cent.<o:p></o:p></span></p>
<p><span style="font-family:"Arial","sans-serif";color:black">"We are seeing from this data a
--->nd our overall experience that investors need tools to help them understand important investing concepts," said P
--->amela McDonald, BCSC Director of Communications and
Education. "The launch of these two calculators and other improvements to InvestRight.org are part of our ongoin
--->g efforts to improve investing literacy in British Columbia so that investors can have the best investment outcomes.&q
--->uot;<o:p></o:p></span></p>
<p><span style="font-family:"Arial","sans-serif";color:black">The new Investment Growth Calculator
---> shows investors how investment contributions can grow over 20 years. Visitors to the website can choose a portfolio s
--->ize and see how two different amounts grow.
The calculator uses a conservative rate of return to demonstrate that investing on regular basis can increase savings
---> over time through compounding returns.<o:p></o:p></span></p>
<p><span style="font-family:"Arial","sans-serif";color:black">These new calculators are two featur
--->ed items in a suite of enhancements to InvestRight.org that enhance user experience, encourage more engagement on the
--->website, and improve overall content presentation.
InvestRight.org also features tools to help investors improve their investment fee knowledge, such as a Fee Calculato
--->r, on the <a href="https://www.investright.org/know-about-investment-fees/" target="_blank" title="Take a Look at
---> Your Investment Fees"><span style="color:#7E3141">Take
a Look at Your Investment Fees</span></a>. <o:p></o:p></span></p>
<p><strong><u><span style="font-family:"Arial","sans-serif";color:black">About the British Columbi
--->a Securities Commission (</span></u></strong><strong><span style="font-family:"Arial","sans-serif"
--->;color:black"> </span></strong><span style="font-family:"Arial","sans-serif";color:black"><a
--->href="http://www.bcsc.bc.ca/"><strong><span style="font-family:"Arial","sans-serif";color:#7E3141;
--->text-decoration:none">www.bcsc.bc.ca</span></strong><span style="color:#7E3141"> </span></a></span><strong><u><sp
--->an style="font-family:"Arial","sans-serif";color:black">)</span></u></strong><span style="font-fam
--->ily:"Arial","sans-serif";color:black"><o:p></o:p></span></p>
<p><span style="font-family:"Arial","sans-serif";color:black">The British Columbia Securities Comm
--->ission is the independent provincial government agency responsible for regulating capital markets in British Columbia
--->through the administration of the <em><span style="font-family:"Arial","sans-serif"">Securiti
--->es
Act</span></em>. Our mission is to protect and promote the public interest by fostering:<o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;margin-right:11.25pt;mso-margin-bottom-alt:auto;margin-left:11.25p
--->t;text-indent:-.25in;mso-list:l0 level1 lfo1">
<![if !supportLists]><span style="font-size:10.0pt;font-family:Symbol;color:black"><span style="mso-list:Ignore">&midd
--->ot;<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><span style="font-family:"Arial","sans-serif";color:black">A securi
--->ties market that is fair and warrants public confidence<o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;margin-right:11.25pt;mso-margin-bottom-alt:auto;margin-left:11.25p
--->t;text-indent:-.25in;mso-list:l0 level1 lfo1">
<![if !supportLists]><span style="font-size:10.0pt;font-family:Symbol;color:black"><span style="mso-list:Ignore">&midd
--->ot;<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><span style="font-family:"Arial","sans-serif";color:black">A dynami
--->c and competitive securities industry that provides investment opportunities and access to capital<o:p></o:p></span></
--->p>
<p align="center" style="text-align:center"><span style="font-family:"Arial","sans-serif";color:bl
--->ack">- 30 -<o:p></o:p></span></p>
<p><span style="font-family:"Arial","sans-serif";color:black">Media Contact:<br>
Brian Kladko<br>
604-899-6713<o:p></o:p></span></p>
<p><span style="font-family:"Arial","sans-serif";color:black">Public inquiries:<br>
604-899-6854 or 1-800-373-6393 (toll free)<br>
<a href="mailto:inquiries@bcsc.bc.ca"><span style="color:#7E3141">inquiries@bcsc.bc.ca</span></a><o:p></o:p></span></p
--->>
<p><span style="font-family:"Arial","sans-serif";color:black">Learn how to protect yourself and be
--->come a more informed investor at <a href="http://www.investright.org/"><span style="color:#7E3141">www.investrigh
--->t.org</span></a><o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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If this message is not meant for you, do not use it - please let us know, and then delete it. We try hard to keep our
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--->vent their spread.<br>
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