9 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

    • Investing

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

    Chilling Out: Financial Planning for Retirees

    Chilling Out: Financial Planning for Retirees

    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!


    Thanks for Listening!


    Be sure to subscribe on  lawrence@tma-invest.com (mailto:lawrence@tma-invest.com)  or 514-695-0096 ext.112


    Follow Tulett, Matthews & Associates on social media on  Facebook (https://www.facebook.com/TulettMatthewsAssociates/) , and more!


    Follow The Empowered Investor on  Instagram (https://www.instagram.com/theempoweredinvestor/)

    • 45 min
    Your Power Play: Planning for 35 to Pre-Retirees

    Your Power Play: Planning for 35 to Pre-Retirees

    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!


    Thanks for Listening!


    Be sure to subscribe on  lawrence@tma-invest.com (mailto:lawrence@tma-invest.com)  or 514-695-0096 ext.112


    Follow Tulett, Matthews & Associates on social media on  Facebook (https://www.facebook.com/TulettMatthewsAssociates/) , and more!


    Follow The Empowered Investor on  Instagram (https://www.instagram.com/theempoweredinvestor/)

    • 30 min
    Laying a Strong Foundation: Planning for 25 to 35 Year Olds

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

    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!


    Thanks for Listening!


    Be sure to subscribe on  lawrence@tma-invest.com (mailto:lawrence@tma-invest.com)  or 514-695-0096 ext.112


    Follow Tulett, Matthews & Associates on social media on  Facebook (https://www.facebook.com/TulettMatthewsAssociates/) , and more!


    Follow The Empowered Investor on  Instagram (https://www.instagram.com/theempoweredinvestor/)

    • 28 min
    Investment Pitfall #4: Failing to Diversify Properly

    Investment Pitfall #4: Failing to Diversify Properly

    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!


    Thanks for Listening!


    Be sure to subscribe on  lawrence@tma-invest.com (mailto:lawrence@tma-invest.com)  or 514-695-0096 ext.112


    Follow Tulett, Matthews & Associates on social media on  Facebook (https://www.facebook.com/TulettMatthewsAssociates/) , and more!


    Follow The Empowered Investor on  Instagram (https://www.instagram.com/theempoweredinvestor/)

    • 26 min
    Investment Pitfall #3: Chasing Performance and Trying to Outsmart the Market

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

    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!


    Thanks for Listening!


    Be sure to subscribe on lawrence@tma-invest.com (mailto:lawrence@tma-invest.com) or 514-695-0096 ext.112


    Follow Tulett, Matthews & Associates on social media on Facebook (https://www.facebook.com/TulettMatthewsAssociates/) , and more!


    Follow The Empowered Investor on Instagram (https://www.instagram.com/theempoweredinvestor/)

    • 29 min
    Investment Pitfall #2: Building Portfolios Based on Predictions

    Investment Pitfall #2: Building Portfolios Based on Predictions

    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!


    Thanks for Listening!


    Be sure to subscribe on lawrence@tma-invest.com (mailto:lawrence@tma-invest.com) or 514-695-0096 ext.112


    Follow Tulett, Matthews & Associates on social media on Facebook (https://www.facebook.com/TulettMatthewsAssociates/) , and more!


    Follow The Empowered Investor on Instagram (https://www.instagram.com/theempoweredinvestor/)

    • 38 min

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