54 episodes

If you've ever felt overwhelmed by the sheer volume of choices and voices in the Canadian financial services industry, The Empowered Investor Podcast can transform your investment experience and increase your odds of becoming financially secure – forever.

With his simple, straightforward approach, host Keith Matthews cuts through the noise to help you make better decisions and discover the best investment and planning strategies for you and your family.

As a portfolio manager and advisor at Tulett, Matthews & Associates, Keith has spent twenty-five years helping investors achieve their financial goals using the same planning and portfolio principles discussed in The Empowered Investor podcast. Always an advocate for investors, Keith has spoken at global conferences, been quoted in many Canadian newspapers and magazines, and recently published the new and revised 4th edition of his book, The Empowered Investor.

To learn more about Keith’s client advisory services or to request a complementary copy of the latest edition of The Empowered Investor, please visit www.tma-invest.com

The Empowered Investor Keith Matthews

    • Business

If you've ever felt overwhelmed by the sheer volume of choices and voices in the Canadian financial services industry, The Empowered Investor Podcast can transform your investment experience and increase your odds of becoming financially secure – forever.

With his simple, straightforward approach, host Keith Matthews cuts through the noise to help you make better decisions and discover the best investment and planning strategies for you and your family.

As a portfolio manager and advisor at Tulett, Matthews & Associates, Keith has spent twenty-five years helping investors achieve their financial goals using the same planning and portfolio principles discussed in The Empowered Investor podcast. Always an advocate for investors, Keith has spoken at global conferences, been quoted in many Canadian newspapers and magazines, and recently published the new and revised 4th edition of his book, The Empowered Investor.

To learn more about Keith’s client advisory services or to request a complementary copy of the latest edition of The Empowered Investor, please visit www.tma-invest.com

    Solutions for Canadian Home Property Market

    Solutions for Canadian Home Property Market

    Home affordability is on most Canadian’s mind these days and is a topic that brings mixed emotions depending on whether you own a home or not.
    In the last decade, housing prices have skyrocketed.
    Many in the younger generation can’t afford to buy a home while empty nesters are stuck in larger homes as they can’t find suitable homes in their communities to downsize into.
    How do we start to tackle this issue? What can be done to relieve the pressure, introduce more supply, and give individuals of all income brackets more choices?
    Today we’re talking to public policy professional, Steve Lafleur, about the supply side of the Canadian housing market.
    Steve is a former Senior Policy Analyst at the Fraser Institute whose work has focused primarily on housing, transportation, local government and inter-governmental fiscal relations. He holds an M.A. in Political Science from Wilfrid Laurier University and a B.A. from Laurentian University where he studied Political Science and Economics.
    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!
    Thank you for listening!
    Key Topics:
    Why we’re talking about the Canadian home property market (0:56)
    Introducing Steve Lafleur (4:28)
    Drive to qualify has become a national trend (6:46)
    What it means to have a supply issue in the housing market (9:25)
    How the affordability of housing in Canada compares to the United States (11:53)
    Density levels in Canadian cities compared to other cities worldwide (14:00)
    The policy decisions that have kept the supply of housing low (16:59)
    Supply and demand in the housing market (19:45)
    What it really means to change supply (22:48)
    Why the Ontario's Housing Affordability Task Force was created (25:01)
    The main recommendations to come out of the Ontario's Housing Affordability Task Force (27:37)
    What’s behind the concern many residents have about changes in their neighbourhood (30:22)
    How re-zoning policies have been used in other countries and how they could be applied in Canada (33:11)
    Changes implemented as a result of the Ontario's Housing Affordability Task Force (36:14)
    Extended benefits of increasing density levels (37:17)
    The main obstacles to moving forward with rezoning (42:42)
    How we can effect positive change (45:56)
    Steve’s key takeaway for Canadians (49:56)
    And much more!

    Thanks for Listening!
    Be sure to subscribe on https://podcasts.apple.com/us/podcast/the-empowered-investor/id1508663970 (Apple), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy5jYXB0aXZhdGUuZm0vdGhlLWVtcG93ZXJlZC1pbnZlc3Rvci8 (Google), https://open.spotify.com/show/1mBnYMtqkbGqP2xyEThAUc (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 and Associates on social media on https://www.linkedin.com/company/tulett-matthews-and-associates-inc/ (LinkedIn), https://www.facebook.com/TulettMatthewsAssociates/ (Facebook), and more!
    Follow The Empowered Investor on https://www.facebook.com/theempoweredinvestor/ (Facebook), https://www.linkedin.com/company/theempoweredinvestor/ (LinkedIn), and https://www.instagram.com/theempoweredinvestor/ (Instagram)

    • 51 min
    How To Manage Your Portfolio During Turbulent Times

    How To Manage Your Portfolio During Turbulent Times

    “A portfolio is like a bar of soap. The more you handle it, the smaller it gets.” - Darcy Howe
    Markets around the world are turbulent at the moment as inflation and geopolitical conflicts have many investors on edge.
    It’s human nature to want to take action in the face of instability.
    So what can you do to secure your future? Should you change your portfolio strategy? Are there new opportunities to take advantage of? Is it better to stay the course?
    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!
    Thank you for listening!
    Key Topics:
    Introducing today’s topic and the four themes we’ll be covering (0:48)
    Why many investors might be wondering if it’s time to adjust their portfolio (1:56)
    What are tactical asset allocation strategies? (3:39)
    Testing our hypothesis about the effectiveness of moving money around (6:54)
    Tactical allocation versus balanced fund returns over the last 20 years (8:04)
    Adjusting for survivorship bias amongst tactical allocation funds (10:16)
    How portfolio structure trumps trading (13:28)
    Why outperforming the market consistently is highly unlikely (15:01)
    Market timing and the massive impact it has on your portfolio (17:36)
    The long-term value of consistency (21:44)
    Diminishing returns from tactical allocation (23:15)
    And much more!

    Thanks for Listening!
    Be sure to subscribe on https://podcasts.apple.com/us/podcast/the-empowered-investor/id1508663970 (Apple), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy5jYXB0aXZhdGUuZm0vdGhlLWVtcG93ZXJlZC1pbnZlc3Rvci8 (Google), https://open.spotify.com/show/1mBnYMtqkbGqP2xyEThAUc (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 and Associates on social media on https://www.linkedin.com/company/tulett-matthews-and-associates-inc/ (LinkedIn), https://www.facebook.com/TulettMatthewsAssociates/ (Facebook), and more!
    Follow The Empowered Investor on https://www.facebook.com/theempoweredinvestor/ (Facebook), https://www.linkedin.com/company/theempoweredinvestor/ (LinkedIn), and https://www.instagram.com/theempoweredinvestor/ (Instagram)

    • 24 min
    The ins and Outs of Preparing Your 2021 Tax Returns

    The ins and Outs of Preparing Your 2021 Tax Returns

    Tax season can be quite a stressful time for many investors. We have dedicated this episode to getting you up to speed on the key areas you should be thinking about as you prepare to file your taxes. To help us dive deep into this topic, we’re joined by our own Hugh Campbell, a longtime Partner at Tulett, Matthews and Associates.
    Hugh is a Chartered Accountant and he oversees the tax preparation services offered to many of our clients of the firm. He graduated from McGill University with a BSc in Neurobiology and Physiology and later completed a diploma in Accounting at McGill before completing his CA.
    Thank you for listening!
    Key Topics:
    ● How an RSP helps you pay yourself first (1:46)
    ● The tax savings you can achieve through an RSP (2:28)
    ● Why you must file your taxes on time (3:50)
    ● Coordinating your family’s tax returns (5:50)
    ● Declaring government payments on your tax return (7:13)
    ● Can you claim a deduction for your work from home expenses? (8:55)
    ● What you need to consider before claiming a home office deduction (10:49)
    ● The general rule for determining which expenses are tax-deductible (12:35)
    ● Tax credits available for seniors and retirees (13:40)
    ● Disability tax credits (14:31)
    ● The strict reporting rules around real estate transactions (16:14)
    ● Why it’s important to consult a tax professional when settling an estate (18:00)
    ● Reporting your foreign income on your Canadian tax return (19:17)
    ● Being proactive in your tax reporting (20:40)
    ● Incentives for charitable giving (22:30)
    ● Why taxes are so variable from one person to another (24:57)
    ● Responding to a Notice of Assessment (26:36)
    ● What to do if you can’t afford to pay your tax bill (28:17)
    ● How long should you keep your records? (30:05)
    ● Key takeaways to keep in mind for tax season (31:26)
    ● And much more!
    Thanks for Listening!
    Be sure to subscribe on https://podcasts.apple.com/us/podcast/the-empowered-investor/id1508663970 (Apple), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy5jYXB0aXZhdGUuZm0vdGhlLWVtcG93ZXJlZC1pbnZlc3Rvci8 (Google), https://open.spotify.com/show/1mBnYMtqkbGqP2xyEThAUc (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 and Associates on social media on https://www.linkedin.com/company/tulett-matthews-and-associates-inc/ (LinkedIn), https://www.facebook.com/TulettMatthewsAssociates/ (Facebook), and more!
    Follow The Empowered Investor on https://www.facebook.com/theempoweredinvestor/ (Facebook), https://www.linkedin.com/company/theempoweredinvestor/ (LinkedIn), and https://www.instagram.com/theempoweredinvestor/ (Instagram)

    • 34 min
    Your CPP/QPP & OAS Benefits

    Your CPP/QPP & OAS Benefits

    Government pension programs give Canadians a source of reliable retirement income, even if they were unable to consistently save on their own. Despite being reluctantly received when they were first created, most Canadians count on government pensions as a valuable part of their retirement.
    Depending on where you live and your unique circumstances throughout your life, understanding your pension options can be challenging. Today Keith is joined by his colleague, Edmond Fhima to discuss the Canadian Pension Plan (CPP), Quebec Pension Plan (QPP) and Old Age Security (OAS).
    Edmond Fhima is a licensed financial planner at Tulett, Matthews and Associates and he's been in the financial industry for over 30 years as a licenced fee-only financial planner. Edmond currently provides clients with advanced strategies for estate planning, insurance planning, cash flow and debt management, tax planning, investment planning as well as retirement planning.
    In this episode, Edmond and Keith talk about how CPP, QPP and OAS work, the history of these programs and recent reforms, what you need to consider when deciding when to take your pension benefits, how survivor, disability and orphan benefits are calculated, and so much more!
    Thank you for listening!
    Key Topics:
    Welcome Edmond (0:39)
    The unique way Edmond's practice works (1:29)
    How CPP and QPP work (3:11)
    Why pensioners receive different amounts in CPP/QPP payments (4:38)
    What is OAS? (5:39)
    The history of Canadian pension programs (7:01)
    How to make CPP/QPP contributions (9:53)
    The forced savings aspect of CPP/QPP contributions (11:09)
    Major reforms to CPP and QPP contribution amounts in recent years (12:07)
    Considerations for deciding the age to start receiving your CPP/QPP benefits (16:08)
    How an advisor can help you when it comes to your CPP/QPP pension (18:00)
    The extra protection you gain by deferring your CPP/QPP pension (20:11)
    Qualification criteria for receiving survivor benefits work (22:10)
    Disability benefits under the CPP/QPP and how they impact your pension at retirement (23:54)
    Who is eligible to receive an orphan benefit (25:07)
    The latest CPP/QPP reforms to enhance retirement benefits (26:25)
    Qualification criteria for OAS (30:42)
    Why you might want to defer your OAS pension (31:53)
    What you need to know about income testing under OAS (32:54)
    Our main takeaways about CPP, QPP and OAS (36:10)
    And much more!

    Thanks for Listening!
    Be sure to subscribe on https://podcasts.apple.com/us/podcast/the-empowered-investor/id1508663970 (Apple), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy5jYXB0aXZhdGUuZm0vdGhlLWVtcG93ZXJlZC1pbnZlc3Rvci8 (Google), https://open.spotify.com/show/1mBnYMtqkbGqP2xyEThAUc (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 and Associates on social media on https://www.linkedin.com/company/tulett-matthews-and-associates-inc/ (LinkedIn), https://www.facebook.com/TulettMatthewsAssociates/ (Facebook), and more!
    Follow The Empowered Investor on https://www.facebook.com/theempoweredinvestor/ (Facebook), https://www.linkedin.com/company/theempoweredinvestor/ (LinkedIn), and https://www.instagram.com/theempoweredinvestor/ (Instagram)

    • 37 min
    You Chase - You Lose!

    You Chase - You Lose!

    “Past performance is not indicative of future results.”
    It’s a common phrase that you’ll see on a lot of investment material but its implications are often missed by investors.
    Chasing performance is what happens when you see a stock or sector performing well or other investors reaping big rewards so you decide to buy in at the high levels. It’s not at all a new phenomenon as there are always stocks with new and exciting stories inducing the fear of missing out.
    In this episode, Marcelo and Keith explore what chasing performance looks like, examples from the last two years that have trapped investors and destroyed capital, why many investors end up chasing performance, why money-weighted returns are important and how to avoid chasing performance.
    Thank you for listening!
    Key Topics:
    Introducing today’s topic (1:58)
    Why many investors are pulled towards chasing performance (3:04)
    What it means to chase performance (4:04)
    Why it’s important to share real-world stories about the impact of chasing performance (5:51)
    The emotional pull towards exciting narratives and being part of a successful group (7:03)
    The amplifying effect of social media (8:00)
    Why chasing is dangerous for your portfolio (9:53)
    The declining performance of disruptive technology stocks over the past 18 months (10:38)
    How strong narratives are reflected in the stock prices for certain sectors (12:10)
    Comparing the performance of blue-chip stocks and disruptive securities (15:46)
    The disappointing journey of marijuana stocks in Canada (18:03)
    Chasing performance in the 1990s (21:25)
    The effectiveness of diversifying with The ARK Innovation ETF (22:48)
    Why you need to understand money-weighted returns (25:05)
    The problem with a “core and explore” portfolio strategy (27:00)
    How Sir Isaac Newton lost his fortune chasing performance in the early 1700s (27:53)
    Strategies you can use to avoid the lure of chasing performance (31:21)
    And much more!

    Thanks for Listening!
    Be sure to subscribe on https://podcasts.apple.com/us/podcast/the-empowered-investor/id1508663970 (Apple), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy5jYXB0aXZhdGUuZm0vdGhlLWVtcG93ZXJlZC1pbnZlc3Rvci8 (Google), https://open.spotify.com/show/1mBnYMtqkbGqP2xyEThAUc (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 and Associates on social media on https://www.linkedin.com/company/tulett-matthews-and-associates-inc/ (LinkedIn), https://www.facebook.com/TulettMatthewsAssociates/ (Facebook), and more!
    Follow The Empowered Investor on https://www.facebook.com/theempoweredinvestor/ (Facebook), https://www.linkedin.com/company/theempoweredinvestor/ (LinkedIn), and https://www.instagram.com/theempoweredinvestor/ (Instagram)

    • 35 min
    War, Conflict & Long-term Investing

    War, Conflict & Long-term Investing

    All of us at Tulett, Matthews and Associates are shocked and saddened by the human and emotional toll the conflict is inflicting on the Ukrainian and European populations.
    With heightened investor anxiety, we have recorded this episode to shed some light on how the stock markets have reacted to past wars and global conflicts and what it might mean for current long-term investors.
    In this episode, Marcelo and Keith talk about geopolitical risk/shock in investing. When we're facing major geopolitical events, war, health crises, or a recession, many investors' immediate reaction is that we've never seen something like this before. We hear - this time is different. Unfortunately, that often leads investors to make short-term, reactive decisions that ultimately harm their long-term investment plan.
    We hope that today's episode helps you with perspectives on long-term investing.
    Key Topics:
    Introducing today's topic (0:55)
    Why we're talking about the implications of the Ukraine war (2:41)
    Geopolitical risk is not a new aspect of investing (3:10)
    The dangers of the "this time is different" concept (4:05)
    How social media feeds into our fears (7:17)
    Trends in stock market reactions to major geopolitical events (8:31)
    Distinguishing between a geopolitical event and a recession (10:28)
    Russian equity exposure and portfolio construction (12:49)
    How investment organizations are decreasing their exposure to Russian equities (13:43)
    Getting through these crises and preparing for the future (15:14)
    The lifeboat drill we use with our clients (16:11)
    Your capacity and emotional ability to bear risk (17:25)
    Investment philosophy as a central pillar of your investment plan (20:01)
    The key to ensuring your portfolio can weather any storm (21:29)
    Our main takeaways for investors (23:19)
    And much more!

    Thanks for Listening!
    Be sure to subscribe on https://podcasts.apple.com/us/podcast/the-empowered-investor/id1508663970 (Apple), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy5jYXB0aXZhdGUuZm0vdGhlLWVtcG93ZXJlZC1pbnZlc3Rvci8 (Google), https://open.spotify.com/show/1mBnYMtqkbGqP2xyEThAUc (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 and Associates on social media on https://www.linkedin.com/company/tulett-matthews-and-associates-inc/ (LinkedIn), https://www.facebook.com/TulettMatthewsAssociates/ (Facebook), and more!
    Follow The Empowered Investor on https://www.facebook.com/theempoweredinvestor/ (Facebook), https://www.linkedin.com/company/theempoweredinvestor/ (LinkedIn), and https://www.instagram.com/theempoweredinvestor/ (Instagram)

    • 24 min

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