A new poll shows that half of Canadian investors stay calm and stick to their buy and hold strategy even in volatile market conditions, though some admit to worrying more about their portfolio during swings in the market.

The CIBC poll was conducted by Harris/Decima over a 10-day period during which the TSX composite index declined almost 1,000 points in total.

Fifty-one per cent of repsondents said they remain calm when their investments are fluctuating with the market, sticking to a buy and hold philosophy.

Another 29 per cent said they “worry a little” about their investments, and check their portfolios more often but don’t make immediate changes to their investments

Eleven per cent of respondents said they worry enough to make either minor adjustments or major changes in their portfolio

“These poll findings confirm that many Canadians are willing to manage through short term market fluctuations knowing they have a longer term goal in mind,” says Christina Kramer, executive vice president, retail distribution and channel strategy, CIBC. “While there are a number of investors who keep a closer eye on their investments in volatile markets, most Canadians do not make quick decisions about their investments during short term market declines.”

Canadians’ steady hand in the face of short term market volatility could be a function of their investment goals – as the poll reveals that 53% of respondents said they are investing for the long term. Investment objectives vary by age:

Kramer also noted that periods of market volatility are the times when investors benefit most from the planning they’ve done with an advisor, as they are better able to look many years into the future towards their investment goals.

“One of the benefits of having mapped out an investing strategy with an advisor is that you have a strong sense of direction over the long term, which better positions you to manage through short term volatility,” adds Ms. Kramer. “Working with an advisor also gives you a third party to consult if you have concerns about the current market environment and to gain some perspective on your progress towards your long term goals.”

The survey was conducted between September 15 and 25, 2011 in a sample of 1,101 Canadians holding investments. During the sample period the TSX declined 962 points. On 4 of the 8 trading days in the survey, the TSX Composite fell more than 100 points.