23 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

    The Ins and Outs of Preparing Your 2020 Tax Return - with Guest Hugh Campbell, CPA, CA

    The Ins and Outs of Preparing Your 2020 Tax Return - with Guest Hugh Campbell, CPA, CA

    Tax season can be quite a stressful time for many investors. On top of that, with the changes that 2020 brought for a lot of us from working from home, to real estate purchases, and government programs, things may look a little different than usual.
    We wanted to dedicate this episode to helping you think about the ins and outs of having your income taxes prepared for you. We are joined by our own Hugh Campbell, CPA, CA, CIM a longtime Partner at Tulett, Matthews and Associates.
    Hugh is not only responsible for legal, accounting and other administrative functions of the firm but he along with Edmond Fhima also oversees the tax preparation services offered to the clients of the firm.
    In this episode, Hugh and Ruben talk about the tax advantages of contributing to a retirement savings plan (RRSP), the general rule to keep in mind for tax deductions, the benefits of working with a tax professional, the hefty penalties that stem from incorrect and incomplete filings, how you can be proactive when it comes to your taxes, what to do if you realize you’ve made a mistake, and so much more!
    Thank you for listening!
    Key Topics:
    How an RRSP helps you pay yourself first (1:46)
    The tax savings you can achieve through an RRSP (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)

    • 33 min
    Navigating Financial Bubbles

    Navigating Financial Bubbles

    “What’s going on with GameStop?” From our mothers to our kids, that’s the question that seems to be on everyone’s mind. Meanwhile, as the numerous players try to figure out how to handle that tricky situation, TV, radio, and newspapers are mentioning bubbles more than ever.
    So how do you know if we're in a financial bubble? What triggers them and then causes a bubble to burst? More importantly, how do you protect yourself? Today we’re going through everything an empowered investor needs to know.
    On this episode, Marcelo and Keith talk about why it’s hard to identify a bubble in advance, the role that narratives play in the markets, how bubbles are created, what we can learn from historical bubbles, the impact of apps like Robinhood on the stock market, how you can protect your portfolio, and so much more!
    Key Topics:
    The buzz around GameStop (1:34)
    Defining a financial bubble (2:28)
    Why it’s hard to identify a bubble in advance (3:46)
    Putting the narratives around the market in context (5:19)
    What are micro-bubbles? (6:51)
    Rational vs irrational investing (7:58)
    Comparing current market pricing to the 20-year average P/E ratio (8:37)
    Stocks that people are currently infatuated with (11:21)
    How bubbles typically end (13:12)
    Elements that contribute to bubbles being created (14:34)
    How fractional shares blur the line between investing and gambling (15:43)
    The impact of social media on markets (17:08)
    What we can learn from the first recorded bubble in history (18:27)
    Areas of the market that are relatively low-priced (22:17)
    How we structure client portfolios to protect investors (23:03)
    Why an investment philosophy helps you through uncertainty (23:57)
    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)

    • 25 min
    Demand for home health care for retirees spikes during pandemic: Learn more with our expert guest Andrew De Four

    Demand for home health care for retirees spikes during pandemic: Learn more with our expert guest Andrew De Four

    In 2020, the pandemic hit retirement communities and nursing homes especially hard, causing many retirees to reconsider their futures. In our client base, we’ve seen an increase in people wanting to age in place, in their own homes, which comes with new considerations for their personal lives and finances and often those of their loved ones. In these cases, assessing your portfolio to ensure you can afford the home care services you desire is critical.
    Andrew De Four joins on today to talk about the world of home care services and the impact that these services can have on a family’s finances and wealth. Andrew is a Chartered Professional Accountant, and he has worked for over 15 years in various senior finance roles for many large national and global companies. Seeing the struggles that many people face with managing a career and taking care of an ageing parent at the same time, Andrew decided to start his company to address these challenges. Customized Homecare is a Montreal-based private home care agency serving over 500 seniors and their families in Montreal and in the Eastern Township.
    On this episode, Andrew and I talk about the pros and cons of the various options for senior care, how the pandemic has impacted senior care residences, the cost of home care, subsidies and programmes you may qualify for that can help with the financial side of senior care, how to manage your loved ones’ resistance to receiving care, and so much more!
    Thank you for listening!
    Key Topics:
    · How Customized Homecare helps families (1:11)
    · The main problem families face with senior care (2:58)
    · Different care options families can explore (4:03)
    · How home care needs tend to evolve as a person gets older (5:31)
    · The types of clients Customized Homecare serves (7:45)
    · Responsibilities of The Sandwich Generation (9:37)
    · Deciding between home care services and other senior care options (11:38)
    · The positive impact of companionship (13:21)
    · Working with seniors to overcome the resistance to home care (14:08)
    · The failing of senior care facilities to control the spread of COVID-19 (16:12)
    · Long-term implications of switching a loved one from an assisted living facility to home care (17:10)
    · Supplementing an assisted living arrangement with home care services (19:10)
    · The main factors that affect the cost of home care (21:01)
    · A case study of home care needs for a senior couple (21:26)
    · The physical and emotional impact of being a primary caregiver (22:31)
    · The cost of introducing home care to relieve a natural caregiver (23:35)
    · Home care services where safety is compromised (25:04)
    · Factoring home care costs into financial projections (26:37)
    · Where families can find support for funding home care services (28:28)
    · Programmes available through Revenu Québec (30:15)
    · Why it’s crucial to seek counsel about subsidies and programmes you may be qualified for (31:49)
    · What you can learn from the How to Communicate with Someone Living with Dementia virtual webinar (33:23)
    · And much more!
    Mentioned
    in this Episode:
    https://customizedhomecare.ca/ (Customizedhomecare.ca)
    http://takebacktheirdignity.ca/ (TakeBackTheirDignity.ca)
    https://xn--reprenezleurdignit-swb.ca/conferences-events/ (How to Communicate with Someone who is Living with Dementia Virtual Conference)
    https://www.tma-invest.com/ (Tulett, Matthews and Associates)
    https://www.tma-invest.com/project/book/ (Keith Matthews’ Book | The Empowered Investor: A Guide to Building Better Portfolios)
    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), htt

    • 35 min
    2020 Investment Surprises: Interest rates, Canadian home prices, FAANGMs, Tesla, Robinhood, IPOs and so much more!

    2020 Investment Surprises: Interest rates, Canadian home prices, FAANGMs, Tesla, Robinhood, IPOs and so much more!

    With the global pandemic taking us from the status quo into lockdown over a few days back in March 2020, the world and the markets ended up looking a lot different than anyone anticipated at the start of the year.
    As we head into 2021, we wanted to spend this episode sharing our top surprises and takeaways from 2020. From record low interest rate levels to the success of speculators, we’re going to explore what these surprises mean for the empowered investor.
    On this episode, Marcelo and I talk about why interest rates have fallen and how they affect savers, borrowers, and investors, the growth of the housing market all over Canada, the wealth effect and its negative repercussions, the rise of the FAANGMs, controversial market valuations, IPOs and so much more!
    Thank you for listening!
    Key Topics:
    · How we spent our 2020 holiday season (1:05)
    · Changes to the podcast for 2021 (2:31)
    · The record lows in interest rates coming out of 2020 (4:02)
    · Why it would have been impossible to predict the drop in interest rates (5:16)
    · The knock-on effect of low interest rates on the housing market (6:26)
    · Unexpected increases in Canadian real estate prices during the pandemic (7:50)
    · How the pandemic affected people’s mindset and attitude towards homeownership (8:31)
    · The negative impact of the “wealth effect” (9:54)
    · The rise of the FAANGMs (11:17)
    · Analyzing the SandP 500 performance with and without FAANGM (12:58)
    · How the changes in how we work have been reflected in technology stocks (14:32)
    · The surprising success of market speculation (15:41)
    · Psychological aspects of platforms like Robinhood (17:26)
    · The problematic side of Robinhood (18:41)
    · Why on-paper success doesn’t always translate to real returns (19:42)
    · The controversy around Tesla valuations (20:17)
    · Why it’s so hard for us to separate the narrative from the numbers (21:29)
    · What QuantumScape’s success shows us about the current state of the markets (23:38)
    · Lessons from the long-term results of the Four Horsemen (tech in year 2000) (24:52)
    · IPO performance in 2020 (26:53)
    · Contradictory valuations coming out of 2020 (27:22)
    · Why it’s worth staying the course as an empowered investor (28:31)
    · 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)

    • 31 min
    Changing Investing for the Better with ETF Pioneer - Gerry Rocchi

    Changing Investing for the Better with ETF Pioneer - Gerry Rocchi

    As we continue to walk through the story of the empowered investor, we’re excited to share the insights from our today’s guest, financial expert and exchange-traded fund (ETF) pioneer, Gerry Rocchi.
    In the last few shows, we’ve taken a deep dive into why we’re such big fans of ETFs and we’ve spoken a lot about ETFs as accessible investment vehicles that give investors access to a diversified pool of investing at an affordable price.
    Gerry is a retired senior executive and corporate director with experience in investment management, environmental finance and financial regulation and corporate governance. He was the Chief Executive Officer of Barclays Global Investors, Canada (BGI) from 1997 to 2005, which later became BlackRock. Gerry was instrumental in the ETF industry progression because, alongside his team, he developed the whole iShares ETF product line and launched the world’s first bond ETF.
    In this episode, Gerry, Ruben, and I talk about how ETFs came to be and how they developed into the revolutionary place they currently hold in the investment world. We discuss Gerry’s role in the indexing revolution, the challenges and obstacles Gerry and his team had to overcome to realize their vision for ETFs, how ETFs a part of Gerry’s mission for changing the investing world for good, and so much more!
    Thank you for listening!
    Key Topics:
    · Gerry’s role as a pioneer in the ETF industry (1:10)
    · How Gerry started in investment management (6:57)
    · Transitioning to the sell-side of the industry after 16 years (7:59)
    · The 1990s vision for ETFs as a mutual fund alternative for BGI (10:05)
    · BGI’s short-term objectives for ETFs (11:03)
    · How participation units operated before ETFs were introduced (12:05)
    · Why it was important for BGI to make each index provider successful (13:22)
    · The obstacles on the road to the first bond index ETF (14:51)
    · Developing on-the-run bonds (18:32)
    · The biggest challenges BGI faced when trying to build up ETFs as a retail franchise (20:10)
    · A mission to do good in the world of investing (21:56)
    · Gerry’s big dream for ETFs (23:02)
    · Early ETF roadshows for a wide cross-section of investors (24:24)
    · Why I was excited to attend those early ETF roadshows (25:50)
    · The tipping point for investor acceptance in Canada and the US (26:50)
    · How ETFs have proven skeptics wrong (28:51)
    · Why ETF adoption has been slower in Canada versus the US (32:10)
    · Why Gerry sees the ETF explosion as a revolution (34:30)
    · The future of Environmental, Social, and Governance (ESG) ETFs (37:00)
    · Anticipated evolution in the ETF market over the next five to ten years (39:29)
    · Why you need to know about decumulation strategies (41:05)
    · Gerry’s current projects (43:02)
    · How Gerry defines success (46:35)
    · 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)

    • 45 min
    Active vs Passive: Use SPIVA scorecards to make better decisions.

    Active vs Passive: Use SPIVA scorecards to make better decisions.

    Over the last couple of episodes, we’ve explored different aspects of index-based investing from the principles of evidence-based investing and how you can apply those principles to your portfolio, to the history of the indexing revolution.
    Today, we’re taking a deep dive into the numbers by looking at the annual SPIVA reports which compare the performance of actively managed strategies versus indices all around the world.
    This is where our advocacy for index-based investing is rooted – in the data which shows that indexing offers a consistently better opportunity for you to meet your future financial goals.
    On this episode, Ruben and I talk about what the data says about investing with active managers versus indices. We break down where you can find reports on these statistics, which metrics are measured, what those numbers mean for you as an investor, why you’re better off investing in asset classes rather than managers, how our model differs from other advisors, and so much more!
    Thank you for listening!
    Key Topics:
    · What we can learn from the SPIVA reports (2:01)
    · Lessons from rugby about the advantages of objective scorekeeping (3:04)
    · The markets which are represented in SPIVA reports (5:45)
    · Key performance results from the SPIVA reports (6:35)
    · The areas being measured in these scorecards (8:04)
    · Active managers’ average performance against the benchmarks (9:08)
    · Why active managers don’t necessarily have an advantage in a bear market (10:38)
    · How active managers performed during the 2008 economic crisis (12:43)
    · Refuting the idea that indexing only works for large­-company stocks (13:54)
    · Why people think they can pick winning investment strategies (17:07)
    · What the data shows about the long-term performance of top-ranking active managers (18:58)
    · My experience as a bond trader selecting mutual funds in the early 90s (20:06)
    · The pricing issue when buying into a top-performing fund (21:19)
    · Why active funds tend to underperform (21:59)
    · The reasons why some investors are still choosing active managers (24:25)
    · How our model differs from other managers (25:14)
    · Why we believe we’re reaching a tipping point in Canada (26:06)
    · But what about Warren Buffett? (27:10)
    · Our key takeaways that will benefit you as an empowered investor (28:38)
    · 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)

    • 30 min

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