episode: 36

Net Worth Boom and Inflation

July 19, 2021

listen now

About This Episode

In early 2020, Canadians were worried about how the pandemic would negatively impact their financial affairs.

One year later, Canadians are pleasantly surprised to see how well they’ve done, both in terms of their investments and their home values.

In the 1st part of this podcast, Marcelo and Keith dive into the 2021 Credit Suisse Global Wealth Report and share how Canadians are performing in net worth growth relative to the US and other global players. They discuss the key factors that played a role in the increased net worth of Canadians.

In the second part of the podcast, Marcelo and Keith discuss the latest increased inflation numbers, how inflation impacts your finances, and what you can do to strengthen your portfolio.

Key Topics:

PART 1: Increasing Net Worth

Why client annual reviews have been especially positive this year (2:43)
Spectacular net worth gains in 2020/21 (3:47)
What the Credit Suisse Global Wealth Report 2021 revealed about the net worth of Canadians (4:55)
The three main factors that contributed to the growth of wealth (6:02)
How the growth of wealth in Canada compared to the decline of the economy (8:03)
What the Credit Suisse Global Wealth Report highlights about wealth inequality (9:10)
Unprecedented stock market performance during the pandemic (10:31)
The current state of the Canadian real estate market (12:19)
How the real estate market factors into the growth of wealth (13:40)
Comparing Canadian and US house prices (15:06)

PART 2: Inflation

Why investors need to be aware of how inflation impacts their finances (17:21)
My experience with high inflation in the 1970s (18:45)
Opposing expert views on inflation (20:29)
How increasing inflation in the past year has affected Canadians (22:24)
Why we can’t predict the outlook for inflation (24:22)
The role our collective psychology plays in how the economy functions (25:14)
The potential impact of inflation on your portfolio (27:02)
Why diversification is one of the best tools for strengthening your portfolio (28:47)
Keeping realistic expectations (29:49)

Meet your hosts

Keith Matthews

Partner & Portfolio Manager

Ruben Antoine

Portfolio Manager

Marcelo Taboada

Associate Portfolio Manager

Thanks for Listening!

Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112

Follow Tulett, Matthews & Associates on social media on LinkedIn, Facebook, and more!

Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

Related Episodes

Tax-Free First Home Savings Account (FHSA)

Jun 2, 2022

In this episode, Marcelo and Keith review why the government is putting the FHSA in place, who can benefit from it, how it works, changes that the government might make before finalizing the FHSAand how it differs from the Home Buyers’ Plan (HBP)

Solutions for Canadian Home Property Market

May 17, 2022

In this episode, Steve and Keith talk about what it means to have a supply issue in the housing market, the effect of current policies around housing, why the supply side needs to be addressed, policy changes that are needed to create more affordable housing options, and so much more!

How To Manage Your Portfolio During Turbulent Times

May 3, 2022

In this episode, Marcelo and Keith talk about how to manage money during turbulent times. We explore the research around the performance of tactical asset allocation strategies, why these “opportunity funds” are appealing to many investors, how balanced funds perform compared to tactical allocation, key strategies you can use to weather the storm of volatile markets, and so much more!