Ep.11 A Lesson for the Long-Term: A Tale of Two Decades

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Episode Description

For the past ten episodes, we’ve highlighted the key factors you need to understand to be able to achieve financial security. Today, we’re moving in a new direction and talking about current market conditions. The goal of today’s episode is to shed some light on how you can move forward as an empowered investor.

As the end of summer approaches, we’re almost 6 months into the COVID-19 pandemic. Markets have rebounded from the lows we saw in March but while some stocks are booming, others are floundering. In these unprecedented times, it can be difficult to look too far into the future, but we want to encourage you not to get caught up in the short term. We’re going to explore what stocks and sectors are hot, the implications of the current state of the markets, as well as the lessons and tools we can learn from the past two decades.

On this episode, Keith and Marcelo discuss the current state of the stock market, the surprising results of our 1-year and 20-year rankings of 5 major benchmarks, the massive divergence between small company and mega-cap technology stocks, the lessons we can learn from the market cycles of the past 20 years, and so much more!

Thank you for listening!

Key Topics:

  •  An overview of current market conditions (1:31)

  • Reviewing the one-year return rankings for our benchmarks as of June 30, 2020 (3:45)

  • The five benchmarks we chose for our review (4:45)

  • Why we’ve seen a massive divergence between small company and mega-cap technology stocks (6:00)

  • What are fractional units? (7:11)

  • How fractional shares have changed the accessibility to capital markets (7:34)

  • The impact of stories on investor behavior (9:37))

  • How the market cycles of the last 20 years can help us (11:13)

  • The surprising twenty-year return rankings for our benchmarks (13:02)

  • Why it’s important to look at compound returns (14:12)

  • What you need to know about the NASDAQ (16:57)

  • NASDAQ performance over the last 20 years (17:23)

  • Comparing Toyota and Tesla (18:57)

  • Zooming in on the trends in the NASDAQ performance in the 2000s and 2010s (20:39)

  • What you need to know about the S&P 500 (22:26)

  • How did the lost decade affect the S&P 500? (23:03)

  • Why having a long-term mindset benefitted investors over the last 20 years (23:47)

  • What is the Teranet House Price Index? (25:39)

  • The implications of the current state of the Canadian housing market (26:39)

  • Trends in Canadian bond performance since the 1940s (27:10)

  • Why small company stocks still have a place in a diversified portfolio (29:40)

  • How Odysseus can help you to protect your portfolio (31:24)

  • What the movie Gladiator can teach you about the value of following a strategy (33:49)

  • Why we recommend having and following an investment policy to help with discipline (35:57)

  • The significance of maintaining a diversified portfolio and patience (36:35)

  • Marcelo’s reflections on his podcasting experience so far (37:20)

  • And much more!

Mentioned in this Episode:

Tulett, Matthews & Associates
Keith Matthews’ Book | The Empowered Investor: A Guide to Building Better Portfolios

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

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

Follow The Empowered Investor on FacebookLinkedIn, and Instagram

Ep.10 The Investment Policy Statement

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Episode Description

One of the most common criticisms we hear about the investment industry is that a lot of investors say things don’t feel transparent. To remedy that problem, investment policy statements are becoming more common in the private client world and we believe they’re a must-use as they create clarity, transparency, and empowerment.

Just as we use maps when we travel to give us a sense of where we’re going, we should have a map for how we invest today, tomorrow, and in the future. In the current context with Coronavirus and the economic impact it’s had, an investment policy statement is more critical than ever before. To help you on your journey as an empowered investor, today we’re going to explore what you need to know about the investment policy statement.

On this episode, Keith and Marcelo cover how having an investment policy statement empowers you as an investor, the goals of the statement, the main elements that must be included, how to look at risk management, common mistakes people make in their investment policy statements, why you need one even if you are a DIY investor, and so much more!

Thank you for listening!

Key Topics:

  • What is an investment policy statement? (2:12)
  • How having an investment policy statement empowers investors (3:33)
  • Examples of similar documents in other industries (4:17)
  • The evolution of transparency and documentation in the investment industry (5:50)
  • The main goal of a written agreement, like an investment policy statement (7:17)
  • Why you need to use an investment policy statement (8:39)
  • A recent example where Marcelo suffered from not having an agreement in place (9:55)
  • Why your goals are a critical part of the foundation of your investment policy statement (12:11)
  • Differentiating between willingness and capacity to bear risk (13:14)
  • The importance of the investor-advisor feedback loop (16:18)
  • The mistake many people make when estimating their investing time horizon (16:56)
  • Why cash flow considerations should be included in your investment policy statement (18:53)
  • How having a recommended long-term asset allocation protects your investments (20:19)
  • Why we include an investment philosophy in an investment policy statement (22:33)
  • How a comprehensive investment policy statement is essentially a transparency statement (24:23)
  • The lifeboat drill (25:53)
  • What you should look for in the advisory firm compensation section of your investment policy statement (27:41)
  • Risks of working with an advisory firm without an investment policy statement (29:17)
  • How a DIY investor should approach an investment policy statement (30:35)
  • And much more!

Mentioned in this Episode:

Tulett, Matthews & Associates
Keith Matthews’ Book | The Empowered Investor: A Guide to Building Better Portfolios

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

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

Follow The Empowered Investor on FacebookLinkedIn, and Instagram

Ep.9 Chilling Out: Financial Planning for Retirees

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Episode Description

In the last two episodes of our miniseries on planning, we’ve taken a closer look at the importance of the financial plan for achieving your ultimate goal of financial security. We’ve covered the key areas of focus and potential pitfalls from age 25 up to pre-retirement and today we’re turning our attention to retirees.

Around 65, most of us enter a transition zone where we go from our maximum earning years and power play years to start collecting the fruits of our labor. Planning at this stage ensures you have the resources in place to chill out and do everything you’ve wanted to do. There are a number of different considerations to make in sustainable retirement planning and we’ll show you how to test your plans and set yourself up for success.

On this episode, Keith and Marcelo talk about the most important aspects of financial planning for retirees, why sustainability plays a key role at this stage of life, how to work out your sustainable withdrawal rate, the biggest financial challenge for retirees, why you shouldn’t rely on your home being your main retirement asset, and so much more!

Thank you for listening!

Key Topics:

  • Why you need to understand financial planning (1:20)
  • Key takeaways for 25 to 35-year-olds and 35 to 65-year-olds (2:00)
  • Why planning is important for retirees (4:27)
  • How does happiness vary in different age groups? (5:27)
  • The main objectives of retirees (6:55)
  • Why sustainability plays a key role at this stage of life (9:21)
  • The six gears of financial planning (10:32)
  • Where you should focus on each of the gears during your retirement (11:02)
  • Working out your sustainable withdrawal rate (16:04)
  • The 4% rule for retirees (18:06)
  • How we apply the 4% rule in practice (20:27)
  • Using software to stress test your financial plan (22:34)
  • Simplifying Monte Carlo financial analysis (25:21)
  • The biggest financial challenge for retirees (28:12)
  • Unexpected financial expenses that come up for retirees (29:06)
  • How the coronavirus pandemic has impacted retirement plans (30:30)
  • What to consider when projecting your expected returns (31:24)
  • Why a home should not be your main retirement asset (34:19)
  • How you can downsize in retirement (36:29)
  • Why downsizing can be tricky to execute (38:39)
  • The benefits of planning for retirees (42:12)
  • Consequences of not doing sustainable forecast planning for retirement (42:42)
  • Key takeaways of financial planning for retirees (43:33)
  • And much more!

Mentioned in this Episode:

Tulett, Matthews & Associates
Keith Matthews’ Book | The Empowered Investor: A Guide to Building Better Portfolios

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

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

Follow The Empowered Investor on FacebookLinkedIn, and Instagram

Ep.8 Capitalizing on Your Peak Earnings

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Episode Description

Financial planning is critical in creating a foundation for anyone wishing to become an empowered investor. Each stage of life has a specific set of issues that must be addressed to remain on track with your financial plans and today we’re zooming in on the 35 to 60-year-old age group.

During this period, most of us find ourselves extremely busy as we focus on trying to get ahead in our careers while building up our personal lives. This is also when we typically have the highest earnings of our career as we reap the rewards of the careers we’ve built up to this point. Navigating this time well is critical for setting the stage for your next phase of life.

On this episode, Keith and Marcelo talk about why a financial plan is essential for becoming an empowered investor, what you should be focusing on in the 35 to 60-year-old age bracket, how to avoid lifestyle creep, the two questions you need to ask yourself when you enter the 35 to 60-year-old group, and so much more!

Be sure to join us for our next episode as we continue to explore the various aspects of financial planning at every age by looking at the planning components for retirees. Thank you for listening!

Key Topics:

The essential components of a financial plan (2:20)
Why a financial plan is essential for becoming an empowered investor (3:40)
Why we distinguish between the 35 to 45 and 45 to 60 age groups (5:23)
The financial focus in the 35 to 60-year-old age span (7:04)
How you should approach each gear of financial planning in the 35 to 60 age bracket (8:28)
FOMO in 35 to 60-year-olds (12:10)
Who is most vulnerable to lifestyle creep? (13:14)
Financial pressures unique to the sandwich generation (15:08)
The two questions you need to ask yourself when you enter the 35 to 60-year-old group (15:51)
What you can learn from Canada’s average household savings rate over the past 30 years (16:34)
The downside of not experiencing a recession (18:16)
Understanding retirement mathematics (20:07)
What the research shows about Canadian’s readiness for retirement (21:08)
Why you need to save 20% of your income (22:42)
How much savings is enough when you’re 35 to 60? (24:52)
The benefits of financial planning (26:14)
The consequences of overlooking financial planning (26:58)
Our key takeaways for people in the 35 to 60-year-old age group (28:41)
And much more!

Mentioned in this Episode:

Chart | Canada’s Annual Savings Rate from 1984 to 2018
Fidelity International | Retirement Savings Guidelines
Tulett, Matthews & Associates
Keith Matthews’ Book | The Empowered Investor: A Guide to Building Better Portfolios

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

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

Follow The Empowered Investor on FacebookLinkedIn, and Instagram

Ep.7 Laying a Strong Foundation: Planning for 25 to 35 Year Olds

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Episode Description

Now that you know the key obstacles that can derail you, we’re switching gears and starting to look at the planning and building side of becoming an empowered investor. Today we’re kicking things off with our series on one of the two key roadmaps for the empowered investor, financial planning.

Creating a financial plan is an essential step for every investor since it provides a framework and action plan for achieving your future goals. We want to get down to the details so we’re breaking up this topic into age brackets, starting with planning for 25 to 35-year-olds.

On this episode, Keith and Marcelo talk about the foundational concepts behind financial planning, why it is crucial for the empowered investor, key financial principles you should focus on between ages 25 to 35, our main recommendations for 25 to 35-year-olds, and more!

Be sure to join us for our next episode as we continue our mini-series on financial planning. Thank you for listening!

Key Topics:

  • Recapping what we’ve covered so far on the show (1:04)
  • What is financial planning? (4:42)
  • Differentiating between a financial plan and an investment plan (5:33)
  • The six main sections you need to consider in your financial plan (6:55)
  • Why financial planning is so important for the empowered investor (7:53)
  • The three main areas of financial focus for 25 to 35-year-olds (9:12)
  • Key financial principles you should focus on between ages 25 to 35 (10:54)
  • The biggest obstacles to good financial planning in the 25 to 35 age bracket (13:23)
  • Our main recommendations for 25 to 35-year-olds (15:08)
  • Why you need to save at least 15-20% of your income (16:03)
  • How to know if you’re saving enough (18:06)
  • Why awareness is crucial for good financial planning (19:51)
  • What you need to know about compound growth (20:51)
  • Why planning is so important in the empowered investor dialogue (23:12)
  • The consequences of not having a plan during your 25-35 years (24:49)
  • Our biggest takeaways for 25 to 35-year-olds (26:04)
  • And much more!

Mentioned in this Episode:

Fidelity International | Retirement Savings Guidelines
Tulett, Matthews & Associates
Keith Matthews’ Book | The Empowered Investor: A Guide to Building Better Portfolios

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

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

Follow The Empowered Investor on FacebookLinkedIn, and Instagram

Ep.6 Investment Pitfall #4: Failing to Diversify Properly

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Episode Description
What does it mean to properly diversify an investment portfolio? And why is it so hard for many investors to maintain that proper diversification over long periods?

Diversification has become one of those topics everyone talks about, but many investors still aren’t confident that they have good levels of diversification. That’s a big problem since one of the greatest pitfalls of investing is not diversifying properly.

Having a properly diversified portfolio is the best defense against the unexpected events that inevitably affect the financial markets. With the pieces in your portfolio fitting together well, like a puzzle, you significantly reduce your risk.

On this episode, Keith and Marcelo talk about why diversification is important, what proper diversification looks like, common examples of under- and over-diversification, the consequences of not diversifying properly, and more!

Be sure to join us for our next episode where we’re going to introduce the dos and don’ts of financial planning. Thank you for listening!

Key Topics:

  • Spotify’s latest milestone (1:35)
  • Common investment mistakes (2:41)
  • What it means to become an empowered investor (3:11)
  • Why diversification is important (4:43)
  • How we apply the concept of diversification outside of investing (6:00)
  • The evolution of opportunities available to Canadian investors in recent decades (6:58)
  • What proper diversification looks like in your investment portfolio (8:26)
  • Examples of under-diversified portfolios from the early 2000s (11:27)
  • Marcelo’s memorable experience with an under-diversified portfolio (14:16)
  • How over-diversification looks in your portfolio (15:48)
  • The main problem with over-diversification (16:32)
  • Why investors get in trouble with diversification (17:12)
  • What is a black swan from an investment perspective? (19:10)
  • Why 9/11 is considered a black swan event (20:16)
  • Is COVID-19 a black swan event? (21:54)
  • The connection between diversification and black swans (22:48)
  • The double negative impact of not diversifying properly (23:39)
  • A simple way to think about diversification (24:54)
  • And much more!

Mentioned in this Episode:

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

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

Follow The Empowered Investor on FacebookLinkedIn, and Instagram

Ep.5 Investment Pitfall #3: Chasing Performance and Trying to Outsmart the Market

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Episode Description
As an investor, it’s natural to want to outsmart the market. When you combine that with the discomfort of a volatile market like we are currently experiencing, it’s easy to see why timing the market and chasing performance are so tempting.

The noise we spoke about in previous episodes always gets louder when we’re in uncertain times. Friends, family and the media are probably telling you to be reactive and, in the moment, their advice sounds reasonable. This time is different, right?

Unfortunately, it’s not. The reactive approach means investors often end up buying and selling at the wrong points and for all their trouble, it can end up costing up to 77% of total returns. Instead, when you experience a bad market event, that’s when you most need to rely on your investment philosophy.

On this episode, Keith and Marcelo talk about why investors try to time the market, how it affects investors’ long term goals, what it means to chase performance, significant investment fads, rallies and busts since the 1990s, why it’s so important to maintain a high level of diversification, and more!

Be sure to join us for our next episode where we’ll finish up the series on investment obstacles by talking about diversification. Thank you for listening!

 

Key Topics:

  • What constitutes an investment mistake (1:18)
  • Why it’s important to be aware of investment mistakes (2:22)
  • How do investors try to time the market? (3:47)
  • The false appeal of timing the market (4:46)
  • The two trades at the core of market timing strategies (5:35)
  • Why market timing is often detrimental to investors’ long term goals (6:24)
  • Market timing versus chasing performance (7:50)
  • Significant investment fads, rallies and busts since the 1990s (9:27)
  • How stock performance often occurs in cycles (13:06)
  • The influences on Canadian investor philosophy (15:07)
  • Dramatic stock movement in the last 10 years (15:53)
  • Why it’s so important to maintain a high level of diversification (17:08)
  • The shift in styles from the 1990s to today (18:07)
  • How FOMO leads investors to chase performance (19:04)
  • What the data shows about money managers’ performance over time against benchmarks (20:25)
  • The counterintuitive evidence on how to select a money manager (22:42)
  • The surprising results of Vanguard’s study on the long-term performance of Morningstar-rated funds (24:29)
  • How giving in to timing the market and chasing performance impacts you personally and financially (26:36)
  • Why awareness is your most important tool for avoiding investment pitfalls (27:31)
  • And much more!

Mentioned in this Episode:

Standard and Poor’s Report | Money managers’ performance against benchmarks
Vanguard Study | How Morningstar-rated funds performed relative to a style benchmark over three-year periods
Tulett, Matthews & Associates
Keith Matthews’ Book | The Empowered Investor: A Guide to Building Better Portfolios

 

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

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

Ep.4 Investment Pitfall #2: Building Portfolios Based on Predictions

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Episode Description

As the great economist, John Kenneth Galbraith said, “There are two kinds of forecasters: those who don’t know, and those who don’t know they don’t know.”

It’s human nature to be drawn to stories. We all want someone to tell us how things will turn out and throughout history, people have used predictions to gain power. We see the same cycles play out in financial media and services.

From journalist predictions aimed at boosting readership and viewership to expert predictions coloured by the ingrained biases that we all have, we’re passionate about the fact that financial predictions should not be used in the management of portfolios. Predictions can easily sabotage your financial portfolio and jeopardize your long-term financial security.

On this episode, Keith and Marcelo talk about the two main sources of financial predictions, how to identify predictions, some past predictions and how they’ve stacked up against actual outcomes, the dangers of building portfolios based on predictions, and more!

Be sure to join us for our next episode where we’ll be continuing the series on investment obstacles. Thank you for listening!

Key Topics:

  • Why the financial media leverages predictions for increased viewership and business growth (2:48)
  • Current examples of predictions shared in the financial media (4:43)
  • The difficulty with differentiating between good financial journalism and noise (5:47)
  • How the financial services businesses benefit from predictions (7:16)
  • Cases of memorable “flavour of the month” investment predictions (8:42)
  • Why a recent prediction which recommended playing the VIX is dangerous for investors (9:52)
  • Investment predictions from the book, Boom, Bust & Echo (11:59)
  • Assessing the financial impact if you had invested according to the predictions of Boom, Bust & Echo (13:39)
  • How investment predictions can derail long-term financial plans (15:15)
  • Why following predictions often results in anxiety, rather than assurance (18:12)
  • The exercise we did in 2014 to assess the accuracy of expert predictions (19:14)
  • What the research shows about the performance of tactical asset strategies versus their benchmark (21:55)
  • Looking back at some of the big names and predictions during the economic crisis and recovery during 2007-2012 (25:19)
  • Why people are drawn to predictions despite their inconsistencies (30:44)
  • How the Dunning–Kruger effect causes expert predictions to persist (32:13)
  • Why you should view predictions as noise (35:53)
  • How your investment philosophy protects you from falling prey to predictions (36:19)
  • And much more!

Mentioned in this Episode:

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

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

Ep.3 Investment Pitfall #1: Not Having an Investment Philosophy

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Episode Description

One of the biggest challenges of investing is being able to stop mistakes from occurring. It’s one of those areas where the winner can be the person that makes the least mistakes.

An investment philosophy that aligns with your goals and personal financial affairs is crucial for achieving financial security. It steers the decision-making process and stipulates how your money will be managed across both good and challenging times.

Especially in challenging times like the current pandemic, high levels of noise make it difficult not to be swayed to make adjustments to your portfolio based on market fluctuations and you’re particularly vulnerable when you don’t have an investment philosophy to guide you.

On this episode, Keith and Marcelo discuss why you need a strategy to avoid making investment mistakes, the components of an investment philosophy, the criteria you need to consider when developing your investment philosophy, the consequences of investing without a philosophy, and more!

Be sure to join us for our next episode where we’ll be continuing the series on the Deadly Sins of Investing by looking at why you shouldn’t build your portfolio based on investment predictions. Thank you for listening!

Key Topics:

  • Common investment mistakes (1:27)
  • The winner can be the person who makes the least mistakes (2:11)
  • The reasons investment mistakes occur (3:05)
  • Everyday sources of noise (3:50)
  • How mistakes affect your long-term investment goals (5:19)
  • Why you need an investment philosophy (5:48)
  • How to develop your investment philosophy (6:57)
  • Human nature and the need for guiding rules and principles (9:10)
  • Linking an investment philosophy to an individual investor (12:07)
  • Benefits of having an aligned investment philosophy (13:03)
  • Consequences of investing without a philosophy (14:23)
  • The impact of not having an investment philosophy in challenging times like these (16:42)
  • Examples of erratic investor behavior during the 2007-2008 market decline (18:44)
  • How to identify the right investment philosophy (21:10)
  • Questions you should ask yourself about your investment philosophy (22:04)
  • And much more!

Mentioned in this Episode:

Tulett, Matthews & Associates
Keith Matthews’ Book | The Empowered Investor: A Guide to Building Better Portfolios

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

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

Ep.2 Investment Noise: Leads to Traps and Pitfalls for Investors

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Episode Description

Long-term investment success is based on two crucial elements: following winning principles and conquering the obstacles along the way. Today we’re taking a look at the latter.

Although the details of investment success look different for every investor, we’re all aiming for the same goal – financial security. Along the journey, there’s one big obstacle that can trip up even an experienced investor. That obstacle is noise.

Noise comes from sources we’re exposed to every day and which are often packaged as helpful information. We want to empower you to not only understand the different types but to also learn how to spot and protect yourself from them.

On this episode, Keith and Marcelo discuss the way obstacles block the path to investment success, why knowing good investing principles isn’t enough, the four main sources of noise that you’ll encounter, how you can block out the noise, and more!

Be sure to join us for the next episode where we’ll be starting a series on the Deadly Sins of Investing. Thank you for listening!

Key Topics:
  • How obstacles come up in your daily activities (1:29)
  • Why simply following a guide is often easier said than done (3:38)
  • The main obstacle to achieving financial security (4:48)
  • The four types of noise affecting your investment goals (5:24)
  • How general media might lead you to make bad investment decisions (6:16)
  • What is a wholesaler in the context of investing? (8:31)
  • Why expert predictions are inherently problematic (9:24
  • How friends and family can become particularly difficult sources of noise (11:27)
  • The core reason there’s so much noise around us (15:20)
  • The slippery slope of tuning in to the noise (19:04)
  • Why you need to stick to a long-term investing strategy (22:03)
  • What previous recessions show us about investing in equities (23:44)
  • How you can tune out the noise (27:05)
  • Our challenge for you to try when you’re consuming media (28:13)
  • The combination you need to increase the odds of your long-term investing success (28:40)
  • And much more!
Mentioned in this Episode:

The Investment Funds Institute of Canada/Morningstar 2007/2008 Market Correction Graph
Tulett, Matthews & Associates
Keith Matthews’ Book | The Empowered Investor: A Guide to Building Better Portfolios

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

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

Ep.1 Welcome to the Empowered Investor

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Episode Description

Welcome to the first episode of The Empowered Investor. Today we’re introducing ourselves to you and sharing the foundational principles of the Empowered Investor. Join us on this inspiring journey, hosted by Keith Matthews and Marcelo Taboada.

Keith Matthews is the author of The Empowered Investor: A Guide to Building Better Portfolios, and a Partner and licensed Portfolio Manager at Tulett, Matthews & Associates (TMA). Keith left the institutional investment management industry in 1997 to work directly with private investors because he wanted to make a difference. He felt that he could have a positive impact on helping individuals create a successful investment experience.

Marcelo Taboada is an Associate at TMA and after finishing his studies, he decided that he wanted to work in a field that allowed him to help people and cultivate his intellectual curiosity. Marcelo decided to make the move to Private Wealth Management to grow professionally in an environment where the client is priority number one.

On this episode, Keith and Marcelo share their stories on how they joined the private client world and talk about the Empowered Investor narrative, why they believe financial security is the thread that links all investors, what you’ll learn from listening to the show, and more!

Key Topics:
  • Marcelo’s role at TMA (1:26)
  • How Marcelo went from childhood in El Salvador to becoming a financial advisor in Canada (3:37)
  • Why Marcelo almost left finance to start a new career path (6:03)
  • The benefits of an independent firm (6:55)
  • Keith’s role at TMA (7:42)
  • Why Keith’s inclination towards helping people led him away from bond trading (8:32)
  • The aha moment that kick-started Keith’s private client career (10:16)
  • Why Keith wrote The Empowered Investor (13:18)
  • The common goal all investors are aiming for (14:13)
  • The biggest challenge investors face (16:04)
  • How our core belief will inform the direction of this show going forward (18:45)
  • What you’ll learn by joining us for this podcast (19:23)
  • And much more!
Mentioned in this Episode:

Tulett, Matthews & Associates
Keith Matthews’ Book | The Empowered Investor: A Guide to Building Better Portfolios

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Keith Matthews

Keith Matthews

Partner & Portfolio Manager

Marcelo Taboada

Marcelo Taboada

Associate Portfolio Manager

Ruben Antoine

Ruben Antoine

Portfolio Manager

The Empowered Investor Book

As an advisor who has studied and implemented the principles of successful investing with clients, I have witnessed the powerful and meaningful difference they can make in people’s lives. My hope is that this book will inspire you to build a better investment experience for you and your family.

Request your complimentary copy.

 

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