Nicolas brings deep expertise in wealth management and financial planning, with a strong focus on helping families make thoughtful, long-term decisions. He is also the author of three books and a regular personal finance columnist for La Presse, where he shares practical insights with a broad audience. His work has been published in multiple languages (primarily French and English), reflecting his broad reach with readers interested in practical personal finance.

Known for his disciplined approach and ability to simplify complex financial concepts, Nicolas has built a reputation for delivering clear, client-centered advice that aligns strategy with real-world goals.

Overall, this episode is a reminder that successful investing is not about complexity, but about consistency and avoiding common mistakes.

Key points:

• Introduction to Nicolas Bérubé and his book (00:40)
• Why he wrote L’art de multiplier son argent : 17 leçons pour réussir en bourse (05:56)
• The main lessons behind the book (05:30)
• Market timing and common investing myths (22:54)
• Why starting early makes a difference (23:49)
• The importance of diversification (04:00)
• ETFs and building a simple portfolio (04:00)
• Investor psychology and behavioral biases (04:00)
• Why beating the market is so difficult (12:14)
• The impact of fees on returns (36:13)
• Dividend investing explained (37:25)
• Risks of chasing popular sectors (47:58)
• Why “boring” companies often outperform (49:44)
• The role of bonds in a portfolio (43:31)
• Final takeaway: discipline and simplicity win long term (50:30)

Mentioned in this episode:

• One Hundred Years in the U.S. Stock Markets
• L’Investisseur Transforme podcast
• Nicolas Berube weekly article in LaPresse
• Book: Les millionnaires ne sont pas ceux que vous croyez, Nicolas Bérubé
• Book: De zéro à millionaire: investir en bourse sans souffrir, Nicolas Bérubé
• Book: Millionaire Next Door, Thomas J. Stanley Ph.D., William D. Danko Ph.D
• Book: Zero to Millionaire. A simple, effective and stress-free way to invest in the stock market, Nicolas Bérubé
• Book: L'art de multiplier son argent: 17 leçons pour réussir en bourse, Nicolas Bérubé
• Book: Die with Zero, Bill Perkins

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They explain how disruptions in oil supply are influencing inflation expectations and why this matters for interest rates, stock valuations, and the broader economy. By putting today’s events into historical context, they show that while every conflict feels unique in the moment, markets have consistently demonstrated resilience over time.

The conversation also challenges the instinct to react or make sudden portfolio changes during uncertain periods. Through real data and long-term evidence, they highlight how trying to time the market often leads to weaker results, especially when investors miss key recovery days. Instead, the focus remains on maintaining discipline, staying invested, and following a clear long-term plan.

Overall, this episode is a reminder that while short-term uncertainty is unavoidable, long-term success in investing comes from consistency, diversification, and the ability to stay grounded when markets become volatile.

Key points:

1. Introduction to the episode and Jackson Matthews’ role at the firm. (00:38)
2. Overview of recent geopolitical conflicts and their impact on investors. (01:46)
3. Market performance in early 2026: strong start followed by correction. (03:25)
4. Peak-to-trough declines across major global indices. (05:00)
5. Why markets are reacting: oil supply shocks and inflation fears. (06:27)
6. The strategic importance of the Strait of Hormuz and global oil flow. (06:50)
7. Inflation implications and potential central bank responses. (09:17)
8. Risk of stagflation and economic slowdown scenarios. (10:27)
9. Economist expectations: recession probabilities and inflation outlook. (11:00)
10. Historical analysis of 19 military conflicts and market performance. (12:24)
11. Average market returns and drawdowns following geopolitical events. (13:00)
12. Why markets tend to recover despite uncertainty and conflict. (14:02)
13. The myth of timing the market during crises. (15:59)
14. Evidence against tactical asset allocation strategies. (17:13)
15. The impact of missing the best days in the market. (20:32)
16. Importance of staying invested during volatile periods. (22:11)
17. Long-term investing discipline and portfolio strategy. (23:34)
18. Final takeaway: control behavior, stay diversified, and think long-term. (24:08)

Thanks for Listening!

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The discussion goes beyond basic compliance, highlighting how organization, awareness of credits, and proactive planning can materially impact your after-tax outcomes. They also cover practical frameworks, including what documents you’ll receive, what you need to track down, and how different life situations, from students to retirees, affect your tax strategy.

This episode offers a structured approach to navigating tax season efficiently while avoiding missed opportunities and costly oversights, an essential listen for anyone serious about managing their financial life with discipline and foresight.

Key Topics:

● April 30 = main filing & payment deadline. (00:02:56)

● Self-employed file later, but must pay by April 30. (00:03:08)

● Most tax slips arrive by late February. (00:04:25)

● Trust slips may delay filing into March/April. (00:04:43)

● First tax bracket reduced to 14%. (00:05:15)

● Some tax credits slightly reduced in value. (00:05:53)

● New/expanded benefits: grocery, disability. (00:06:35)

● Non-compliant short-term rentals lose deductions. (00:08:58)

● Digital news credit eliminated. (00:09:36)

● Underused housing tax removed. (00:09:55)

● Organize: income slips, assessments, installments. (00:11:14)

● Track manually: childcare, tuition, medical, donations. (00:15:12)

● Home office = prorated expense deductions. (00:18:20)

● Students should file to unlock credits & benefits. (00:20:47)

● First-time homebuyers eligible for tax credits. (00:22:32)

● Families gain access to child-related benefits. (00:23:48)

● Seniors benefit from multiple targeted credits. (00:25:28)

● Pension income splitting can reduce taxes. (00:32:20)

● Tax planning is year-round, not seasonal. (00:35:38)

Thanks for Listening!

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

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Hosts Keith Matthews and Marcelo Taboada break down gold’s true performance, risk profile, and role within a diversified portfolio. They compare gold to stocks, bonds, and real estate, drawing on decades of data to examine returns, volatility, and long-term outcomes. They explore why many investors already hold gold without realizing it and challenge common myths about golds ability to protect against inflation.

This episode is ideal for investors feeling the FOMO around gold, anyone questioning if gold should have a “line item” in their portfolio, and those who want clarity on how gold fits with their broader financial goals. Tune in for clear, evidence-based answers on whether chasing headline gains in gold is a sound investment strategy.

Key Topics:

● Welcome and episode setup: Gold’s current hype and listener pain points (00:01)

● Gold’s recent returns and the psychology driving investor FOMO (01:49)

● Geopolitics, government debt, and the “apocalypse narrative” (02:47)

● Price history: Gold’s massive surge in recent years (03:08)

● The physical and historical properties of gold - why it captured value for 6,000+ years (04:06)

● Modern demand drivers: Jewelry, technology, central bank reserves, investor sentiment (04:49)

● Gold as investment: Why isn’t it a productive asset? (06:07)

● Opportunity cost explained - what you give up when investing in gold (06:50)

● 30-year and 220-year returns: Gold vs. stocks, TSX, and Canadian home prices (07:57)

● Volatility myth busting: Is gold less risky than equities? (09:33)

● Gold and inflation: Does it reliably protect purchasing power? (10:54)

● Decade-by-decade: When gold outpaced inflation, and when it didn’t (12:37)

● Vivid history: Keith Matthews’s memories of the 1970s gold boom and bust (13:27)

● Recent performance: Gold vs. S&P 500 from 2018–2024 (15:28)

● Portfolio construction: The All-Weather and Permanent Portfolio models (16:39)

● John Bogle’s perspective: Gold is speculative, not productive (18:07)

● Gold exposure in the TSX and why Canadian investors may already own enough (19:14)

● TMA’s evidence-based philosophy: Diversification, discipline, and productive assets (21:36)

● Final takeaways on resisting hype, focusing on what you can control (22:27)

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In episode, Keith Matthews welcomes Marc Deegan, founder of R33 Ventures and an expert in business valuations and M&A for small to medium-sized enterprises (SMEs). Together, they explore the rapidly growing model of entrepreneurship through acquisition, cover current trends in the Canadian SME marketplace, common challenges, and best practices.

Expert Marc Deegan offers a clear, actionable conversation on the realities of buying and selling SMEs in Canada. Learn how to define the right buyer profile, discover what truly drives business valuations, and get the inside track on how sellers can prepare for a smooth and rewarding transition. You’ll walk away knowing what steps to take whether you’re seeking your next entrepreneurial journey or ready to unlock the full value of the business you’ve built.

This episode is a must for business owners contemplating a sale, aspiring entrepreneurs considering acquisition, and professionals advising clients through these pivotal transitions. Avoid costly mistakes, get practical strategies for vetting buyers and sellers, and understand how to best protect your financial interests. Tune in for expert insights and feel confident moving forward in today’s dynamic M&A landscape.

Key Topics:

1. What is “entrepreneurship through acquisition” and why is it gaining traction? (00:04:06)
2. Defining SMEs in Canada - revenue range and market overview (00:06:27)
3. The coming “succession tsunami” and key stats from CFIB (00:06:00)
4. The #1 obstacles to succession: finding buyers & agreeing on value (00:07:24)
5. Who’s buying small businesses? Buyer profiles, backgrounds, and motivations (00:08:43)
6. Where and how buyers find private companies for sale (00:10:16)
7. The gender gap in entrepreneurship and industry trends (00:11:48)
8. Balancing dual-income households and risk-taking in business ownership (00:12:44)
9. Stages of the buying process: NDAs, financials, and due diligence (00:13:46)
10. How business valuation works – multiples & EBITDA (00:17:04)
11. Shifts in market valuations, impacts of tariffs, and timing of transactions (00:18:11)
12. The time and effort required to buy a business in Canada (00:20:01)
13. Profiles of sellers - why and when business owners exit (00:21:48)
14. Tax planning and the capital gains exemption for sellers (00:23:35)
15. The dangers of client concentration and business dependence (00:25:10)
16. Realistic timeline for selling: preparation, transaction, and transition periods (00:29:27)
17. Who are the buyers? Competitors, management, private equity, and family (00:31:00)
18. How funding works: equity, bank loans, and seller financing (00:37:08)
19. Building your professional deal team - advisors, accountants, bankers, and lawyers (00:39:10)
20. Top advice for buyers: focus, persistence, and differentiating yourself (00:40:20)
21. Top advice for sellers: know your numbers, set clear exit goals, and plan intentionally (00:42:01)

Mentioned in this Episode:

1. R33 Ventures
2. Marc Deegan on LinkedIn
3. Podcast Human Capital: 5 Guiding Career Principles with Mark Halloran
4. Stanford Business Search Fund Study
5. Succession Tsunami: Preparing for a decade of small business transitions in Canada

Thanks for Listening!

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

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In this episode, Keith Matthews and Lawrence Greenberg reflect on an extraordinary investment year and what it means for disciplined investors heading into 2026. They break down how tariff-driven volatility, sharp drawdowns, and rapid recoveries defined 2025, yet ultimately rewarded those who stayed invested and globally diversified.

The conversation explores how Canada and international markets outperformed the U.S., how powerful market rotation reshaped returns, and why chasing forecasts or headlines would have been costly. Keith and Lawrence also address the growing debate around artificial intelligence, offering perspective drawn from past market cycles on how seasoned investors can benefit from innovation without speculation.

This episode is a must-listen for investors who have built meaningful wealth and want clarity after a strong multi-year run. If you’re focused on protecting gains, managing expectations, and staying disciplined through the next market cycle, this discussion reinforces why sticking to a long-term plan remains the smartest move.

Key topics:

● Setting the stage: why 2025 felt so uncomfortable despite strong returns (00:01:45)

● Tariffs, political uncertainty, and the sharp spring market sell-off (00:01:58)

● How markets rebounded rapidly, and why timing risk is so costly (00:03:55)

● The irony of 2025: regions targeted by U.S. tariffs delivered the strongest returns (00:03:14)

● Global asset class returns in Canadian dollar terms (00:04:24)

● Three years of exceptional equity performance and what that means for investors (00:05:00)

● The powerful rotation away from U.S. exceptionalism toward Canada and international markets (00:06:28)

● Why global diversification and factor exposure mattered more than predictions (00:07:22)

● Is AI a revolution or a bubble? Framing today’s debate with historical context (00:09:32)

● Parallels between AI enthusiasm and the dot-com era (00:10:48)

● Lessons from Cisco and Nortel: being right about technology vs. investment outcomes (00:12:55)

● How investors can benefit from AI without chasing individual winners (00:12:15)

● Why market forecasts consistently fail—and how bad predictions can hurt returns (00:15:48)

● Valuations, expected returns, and why future gains may be more muted (00:18:36)

● The “price of admission”: volatility, discipline, and long-term success (00:21:06)

● Final takeaways for 2026: stay invested, rebalance, and stick to your plan (00:20:46)

Thanks for Listening!

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

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In this episode, host Keith Matthews is joined by Mark Halloran, Co-Founder of Career Lion and expert in professional development, to explore how effective career management is key to optimizing your financial journey.

Special guest Mark Halloran breaks down a proven five-part framework for career management that applies to every stage, from early beginnings to executive leadership. This framework highlights the importance of continuous learning, tendering your career, managing up to accelerate growth, building a powerful network, and practicing gratitude to boost workplace fulfillment.

This episode is designed for employees, professionals and executives at every level who want to take control of their career trajectory, avoid common pitfalls, and maximize their career potential. Tune in for a roadmap to help you take charge of your next professional chapter and strengthen the most important investment you’ll ever make: your human capital.

Key Topics:

● Introducing Mark Halloran President & Co-Founder of Career Lion (0:00)

● Introducing the five guiding principles of effective career management (6:50)

● 1. Continual learning as the foundation for career confidence (7:25)

● How to identify and choose the right professional courses for your goals (9:40)

● Addressing deficiencies and strengths through targeted learning (11:26)

● Advice for early-stage professionals: get experience before pursuing more credentials (12:25)

● Pivoting careers and upskilling at later stages (14:15)

● How non-linear career paths often fuel greater long-term success (16:49)

● Avoiding the trap of “faking it till you make it”(11:26)

● 2. Tendering your career - why and how to objectively review your strengths and gaps (18:13)

● The SWOT approach for personal career assessment (20:55)

● Overcoming the Dunning-Kruger effect: humility in self-evaluation (23:44)

● 3. Managing up: how to proactively get feedback and earn opportunities (27:15)

● Giving and receiving actionable feedback, even when it stings (29:17)

● Continuous feedback and “stay interviews” vs. old-school annual reviews (33:00)

● 4. Networking for every age: building and maintaining authentic connections (34:15)

● How younger professionals can start purposeful networking(35:28)

● Networking tips for mid-to-late-stage professionals: leveraging existing contacts (43:49)

● The huge percentage of jobs won through networking (40:42)

● Using LinkedIn strategically: personal brand, outreach, & algorithm hacks (41:20)

● 5. Gratitude - why fulfilled, successful professionals cultivate thankfulness daily (50:01)

● Linking gratitude to resilience, growth, and workplace satisfaction (51:53)

● What Career Lion does and how professional coaching turbocharges results (55:43)

● Final takeaways: invest in yourself and manage your career like a business (1:01:59)

Mentioned in this Episode:

● Career Lion

Thanks for Listening!

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

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Hosts Keith Matthews and Lawrence Greenberg dive into a crucial but often overlooked challenge for Canadian investors: advisor succession planning. You’ll get a clear breakdown of why so few advisors have a transition plan in place, what happens when they don’t, and how to protect yourself from service disruptions. The hosts share Tulett Matthews & Associates succession strategy and provide a checklist of actionable questions every investor should ask their advisory team.

This episode is a must-listen for anyone approaching retirement or depending on a financial advisor for multi-decade guidance. Whether you’re worried about losing continuity, want to avoid the stress of change, or simply want to make sure your hard-earned assets are looked after, you’ll walk away more empowered and better prepared. Tune in to get straightforward advice and ask the right questions before it’s too late.

Key Topics:

● Why advisor succession is a growing concern for investors (0:55)

● The surprising shortage of formal succession plans among Canadian advisors (3:05)

● Average age and retirement timelines for industry professionals (3:26)

● How investor surveys reveal major worries about advisor retirements (3:56)

● What happens when your advisor retires or leaves suddenly (5:30)

● Risks of losing investment philosophy or quality service in transitions (5:59)

● Common reasons advisors don’t create timely succession strategies (6:22)

● The financial, mentoring, and training hurdles to building a strong advisory team (7:00)

● How coasting and semi-retirement can erode client service (8:07)

● Real-life case study: building a multi-decade succession plan at Tulett, Matthews & Associates (8:46)

● Lessons learned from navigating health scares and planning for continuity (10:33)

● Designing a client-centered team: hiring, training, and mentoring next-gen advisors (11:23)

● The importance of consistent investment and planning philosophies (12:24)

● Building a multi-generational advisory firm vs. Solo practitioners (13:07)

● Communicating succession plans proactively with clients (13:15)

● How team processes and departments improve service quality and continuity (14:02)

● Keys to successful transition: early communication, multi-year handoffs, shared philosophy (16:30)

● Must-ask questions for your advisory team about retirement and succession (18:02)

● How to assess your advisor’s plan and protect yourself as a client (18:43)

● The long-term benefits of choosing a firm with a real succession strategy (19:20)

● Quick recap of actionable lessons and advice (20:01)

And much more!

Mentioned in this Episode:

● Tulett,Matthews & Associates

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Hosts Keith Matthews and Lawrence Greenberg break down the three distinct phases of retirement spending: the “Go-Go” years, the “Slow-Go” years, and the “No-Go” years. You’ll learn how spending patterns evolve, why most people underestimate costs, and how to avoid common pitfalls by making smarter assumptions.

This episode is ideal for pre-retirees, retirees, and anyone who wants to get ahead of retirement planning. Find out how to calculate your real spending needs, make confident projections, and adjust your strategy with each stage of life. Tune in to get practical advice and clear strategies for a successful and fulfilling retirement.

Key Topics:

● Why retirement spending deserves dedicated attention (1:41)

● Calculating your retirement spend rate - the key to peace of mind (2:55)

● The three phases: Go-Go, Slow-Go and No-Go years explained (4:12)

● What drives up spending in the Go-Go years - travel, home upgrades, gifting (4:39)

● Home maintenance vs. Home upgrades: what to include in your budget (6:05)

● The 1% rule for annual home maintenance - how to apply it (6:40)

● Why attitudes toward homeownership and downsizing keep shifting (8:33)

● Gifting and supporting adult children - new trends and how to plan responsibly (9:18)

● The #1 mistake pre-retirees make: underestimating spending (10:55)

● Lifestyle creep and aspirational spending - how it affects your plan (12:00)

● Why retirement spending often exceeds inflation and what that means for your budget (12:18)

● What changes in the Slow-Go years: health span, routine, and local living (13:02)

● No-Go years: planning for unpredictability and healthcare costs (14:24)

● Assisted living vs. Nursing homes - realistic cost estimates and strategies (16:29)

● Getting detailed: How to build a line-by-line retirement budget (17:44)

● What expenses disappear (mortgage, work, insurance) and what new costs arise (18:32)

● Factoring in large purchases and aspirational spending to avoid shortfalls (20:28)

● How clients feel after using this three-stage budgeting approach (21:01)

● Why rules of thumb like “the 70% rule” often miss the mark (22:07)

● Personal experiences and lessons learned from early planning (23:37)

● Takeaways: Why starting early and revisiting your plan pays off (25:13)

And much more!

Mentioned in this Episode:

● Canadian Retirement: Myths, Realities & Planning Guide

● Pre-Retirement Financial Guide: Ages 50-65

● Retirement Financial Guide: Ages 65+

● Tulett,Matthews & Associates

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Go behind the scenes of “Tune Out the Noise” as they break down how the index fund revolution began in academia, overcame huge resistance from Wall Street, and ultimately changed the way everyday investors build wealth. Discover the pivotal roles played by innovators like David Booth, Jack Bogle, and Eugene Fama in shaping the landscape of modern investing.

Along the way, Keith and Marcelo share real-world stories from investors who changed their fates by adopting indexing, plus their own “lightbulb” moments in navigating the shift from active to passive investing.

For listeners feeling lost in the noise of investment advice, Keith and Marcelo offer clear perspective: focus on simplicity, discipline, and a long-term evidence based approach. Their message is a reminder that successful investing isn’t about chasing returns or complicated strategies, it’s about building a confident plan that empowers you to tune out the distractions and stay the course.

Key Topics:

● “Tune Out the Noise” a documentary on the dramatic rise and value of index investing (0.00)

● Why index funds have “taken over” & what sets it apart from active management (3:11)

● Real-life case studies: portfolios in 2004 vs. portfolios today (3:52)

● The shifting habits of new generations of investors (5:03)

● How and why the index fund revolution began in the 1960s–1970s (6:17)

● The “data explosion,” academic research, and the birth of efficient market theory (7:00)

● Overcoming resistance: why “settling for average” actually beats chasing returns (8:01)

● How the first institutional and retail index funds launched (9:23)

● The impact of Jack Bogle, David Booth, and other key figures (9:32)

● Academic breakthroughs: Efficient Market Hypothesis and the power of data (9:40)

● Demonstrating grit: the personal stories of index investing’s pioneers (10:28)

● Dimensional’s early culture and how “shoe-selling morals” influenced business ethics (10:36)

● Surprising backgrounds of industry icons: farming, family hardships, and more (11:34)

● From active investor to passive advocate: why even industry insiders switched sides (14:06)

● What simplicity really looks like in a successful investment portfolio (14:53)

● The importance of low fees, broad diversification, and ignoring the noise (15:47)

● Personal “aha moments”: how Keith and Marcelo embraced index investing (17:50)

● Final takeaways: markets work, costs matter, and diversification is your friend (24:00)

And much more!

Mentioned in this Episode:

● Tune Out the Noise | Documentary Film

● Canadian Wealth Management Is Changing: 4 Trends Investors Can’t Ignore

● Tulett,Matthews & Associates

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Join Keith Matthews and co-host Marcelo Taboada as they break down the four major global trends transforming wealth management: the rise of index funds, the shift toward independent financial firms, the growing importance of retirement planning, and enhanced investor protection and transparency.

This episode is packed with practical insights for Canadians who want to take control of their investments, minimize costs, and secure a confident retirement. Tune in to get up to speed on the biggest trends, avoid costly mistakes, and make better financial decisions for your future.

Key Topics:

● Why paying attention to industry trends matters for investors (1:31)

● Trend #1: The rise of index funds and what it means for Canadians (2:08)

● Comparing index funds and active management - global stats and myths debunked (2:14)

● Why Canada lags in index fund adoption and the cost to Canadians (3:10)

● The high cost of management fees in Canada vs. the world, and why it matters (3:55)

● How index funds and transparency help you retire sooner (5:11)

● Common misperceptions about investment fees and value (5:33)

● Worldwide acceleration of index investing and growing investor awareness (6:12)

● Trend #2: The rise of independent financial firms (7:08)

● What makes independent advisors different from big bank brokerage models (7:56)

● How the U.S., U.K., and Australia are outpacing Canada in independent advice (8:00)

● CBC and OSC investigative reports shine a light on conflicts of interest at banks (9:57)

● The reality of sales culture vs. client-focused advice (11:08)

● Trend #3: Retirement planning as a growing priority for Canadians (14:46)

● Demographic shifts and the end of “one-size-fits-all” investment advice (15:03)

● Why thorough retirement planning is essential, not optional (15:39)

● Trend #4: New investor protection and transparency rules (16:18)

● What you’ll see on fee reports as CRM3 rolls out in Canada (17:56)

● How total cost reporting will empower Canadians to make smarter choices (18:05)

● The bottom-line value of understanding fees and service (19:17)

● Final advice for taking action in today’s changing landscape (19:42)

And much more!

Mentioned in this Episode:

● Sales Culture Concerns at Five of Canada’s Bank-Affiliated Dealers | OSC

● Hidden cameras reveal how big banks are upselling you (Marketplace)

● Canadian Retirement: Myths, Realities, and Smart Planning Strategies   |  The Empowered Investor Podcast

● Tulett,Matthews & Associates

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Hosts Keith Matthews and Marcelo Taboada break down new data from Fidelity’s 2025 Retirement Report to show how retirement expectations, lifestyle costs, and income needs have shifted in the last 20 years. You’ll hear a clear, actionable framework for retirement planning, learn why old assumptions often fall short, and discover the real risks, from retirement lifestyle creep to helping adult children.

If you’re thinking about retirement, whether it’s years away or just around the corner, this episode is for you. Tune in to get actionable tips and clarity on what it takes to retire securely in Canada’s changing landscape.

Key Topics:

● The new complexity of retirement today (1:00)

● Why more people are worried, and less confident about retirement (2:07)

● How expectations for “comfortable” retirement income have changed (3:43)

● The impact of lifestyle creep and social media on retirement standards (4:28)

● How the average retirement age has shifted (5:58)

● The growing wave of retirees: one in four Canadians by 2035 (6:38)

● The disappearance of defined benefit pensions and what it means for you (8:01)

● Delaying retirement: myth or necessity? (8:21)

● Why current savings rates may not be enough (8:58)

● The rising trend of helping adult children financially and the hidden risks (9:25)

● Common extra expenses for retirees: day-to-day support, weddings, down payments (10:30)

● Liquidity traps and tough choices around housing wealth (12:05)

● The three stages of retirement expenses: Go-Go, Slow-Go, and No-Go years (13:13)

● Calculating your true “burn rate” for retirement (15:12)

● Tracking and projecting all sources of retirement income (16:53)

● Using smart, realistic assumptions in your projections (17:05)

● The power of stress testing your retirement plan (18:18)

● Why ongoing review and adjustments are essential (20:24)

● The value of advice beyond just investment returns (21:05)

● Key takeaways and real action steps to start your own plan (22:17)

And much more!

Mentioned in this Episode:

● 2025 Fidelity Retirement Report

● Retirement Financial Guide: Ages 65+

● Pre-Retirement Financial Guide: Ages 50-65

● Tulett, Matthews & Associates

Thanks for Listening!

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As always, their advice is to stay disciplined, diversified, and focused on long-term plans, not the headlines.

Key Topics:

● 2025’s biggest events: U.S. and Canadian elections, ongoing conflicts (00:01)

● How Trump’s tariff policies triggered global market sell-offs (02:00)

● Magnitude of the April market drop - returns by region (02:49)

● The rapid market rebound: what sparked the 9% one day gain? (03:37)

● Year-to-date review: asset class performance after the volatility (04:36)

● Surprising strength: which regions and asset classes outperformed? (05:12)

● Diversification wins: why globally balanced portfolios did well (05:46)

● The forced productivity push for Canada and Europe (06:33)

● Defensive investing: military spending’s effect on European stocks (08:39)

● 10-year returns show stocks’ edge over bonds - by a wide margin (09:33)

● Why bonds lagged: rising rates, debt, and returns explained (11:23)

● Implications of higher government debt and interest rates (12:44)

● Understanding valuations: Why the U.S. is “expensive” and what this means (13:01)

● Future expected returns by region - a case for global diversification (14:16)

● The AI effect: How technology optimism is lifting markets (15:08)

● Real lessons from volatility: why patience and discipline pay off (17:56)

● Closing takeaways: tune out noise, stick to the plan, and stay diversified (18:26)

Thanks for Listening!

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

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

Follow The Empowered Investor on Facebook, LinkedIn, and Instagram.

Together, David and Keith break down what Australian, Canadian and global investors have in common, the real-world dangers of conflicted advice, actionable ways to foster trust and transparency, and how family-focused planning creates lasting results.

This discussion highlights how similarly investors think, feel, and behave - regardless of geographic location. You’ll get a behind-the-scenes view of how leading advisory firms build portfolios, guide client decisions and help clients spend smarter - without sacrificing peace of mind.

“Across the globe, people seek the same fundamentals in wealth management: simplicity, transparency, alignment with their goals, and lasting peace of mind”.

Key Topics:

● Welcome and why independent advice matters (0:00)

● Australia vs. Canada: The rise of fee-only advisory firms (6:46)

● Breaking the commissions trap: How regulation changed everything (8:04)

● What happens when big banks lose client trust and what’s replaced them (10:06)

● Real meaning of independence: Separating advice from product sales (10:53)

● The “iceberg” of financial advice - what clients truly need vs. what’s usually sold (11:20)

● The power of long-term planning: Helping clients retire earlier and happier (14:03)

● Building trust and transparency in a modern firm (16:00)

● How Capital Partners conducts discovery and values-based planning (17:14)

● How fee-for-service models protect client interests (22:59)

● Serving families: Approaches for business owners, professionals, and women in transition (21:47)

● Exiting commissions: The step-by-step shift to true independence (22:58)

● The role of trusts, estate planning, and multi-generational wealth (23:31)

● Family meetings, stewardship, and transferring financial values (26:26)

● Preparing kids and aging parents for financial transitions (27:55)

● Investment philosophy: From failed active management to evidence-based portfolios (31:06)

● How to weather market turbulence - advisor strategies that keep clients on track (35:33)

● The logic of global diversification vs. home bias (37:08)

● Tax efficiencies in the Australian system, and why they influence portfolio design (38:08)

● Lessons learned from building a multi-decade advisory firm (42:11)

● How to vet and select a truly client-centric, independent advisor (44:06)

Mentioned in this Episode:

● Tulett, Matthews & Associates

● Capital Partners

Thanks for Listening!

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

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

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In today’s episode, Laurence Greenberg and Jackson Matthews break down everything Canadian parents need to know about RESPs — from contribution limits and government grants, to withdrawal strategies and tax-efficient planning. Whether you’re opening your first account or optimizing an existing one, this episode offers clear answers and practical guidance.

Don’t miss this essential overview that could help you unlock thousands in free education funding and avoid costly RESP mistakes. Tune in and feel more confident managing your child’s future education savings.

Thank you for tuning in!

Key Topics:

● Introduction and post-tax season context (0:39)

● What is an RESP? (0:56)

● Contribution rules and lifetime limits (1:35)

● Tax treatment of contributions and growth (1:42)

● RESP grants: CESG, QESI, and CLB (2:25)

● How much you can earn in grants (3:10)

● What qualifies as post-secondary education (4:19)

● What RESP funds can be used for (4:30)

● Family plans vs. individual plans (5:11)

● RESP withdrawal rules and tax treatment (6:00)

● EAP withdrawals and tax planning strategies (6:52)

● Common RESP mistakes (8:51)

● What happens if a child doesn’t go to school (10:24)

● RRSP rollover and penalty tax explanation (11:36)

● Early lump sum contribution strategy (13:12)

● Investing RESP funds over the time horizon (14:26)

● Asset allocation by time horizon (16:15)

● Tips to optimize RESP usage (16:38)

● Importance of early planning and advisor support (17:39)

● Episode closing thoughts (18:00)

And much more!

Mentioned in this Episode:

Tulett, Matthews & Associates

Thanks for Listening!

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

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

Follow The Empowered Investor on Facebook, LinkedIn, and Instagram.

Marcelo Taboada sits down with acclaimed La Presse journalist Nicolas Bérubé to explore the deeper intersection between money, happiness, and our daily decisions. They examine popular topics from Nicolas’ widely read weekly financial columns, challenging us to think critically about how we spend, save, and define success.

This episode offers grounded wisdom for both younger listeners and seasoned professionals, covering everything from car buying habits and Uber Eats culture to the importance of gratefulness and long-term planning.

Thank you for tuning in!

Key Topics:

● Introduction and guest background on Nicolas Bérubé (0:00)

● Nicolas’ early journey into journalism and passion for financial writing (3:50)

● The clarity and communication style that sets Nicolas apart (7:41)

● The origins and purpose of his column “L’argent et le bonheur” (11:32)

● How Canadians are reacting economically and emotionally to the US political climate (15:23)

● Choosing Canadian goods and reflecting on local economic impacts (19:14)

● On gratitude, health, and redefining wealth (23:05)

● The paradox of modern abundance and mental health struggles (26:56)

● Uber Eats, luxury spending, and opportunity cost in everyday life (30:47)

● Personal finance through the lens of real choices and trade-offs (34:38)

● Hedonic vs. eudemonic happiness and the pull of social media (38:29)

● What today’s habits reveal about future financial independence (42:20)

● Creating a meaningful life through intentional daily actions (46:11)

● Lifestyle inflation, children’s expenses, and thoughtful consumption (50:02)

● The power of compound interest and long-term financial vision (53:53)

And much more!

Mentioned in this Episode:

• From Zero to Millionaire by Nicolas Bérubé
• Les millionnaires ne sont pas ceux que vous croyez by Nicolas Bérubé
• La Joie et le Bonheur by Nicolas Bérubé
• Podcast: Maximizing Life Satisfaction and Happiness with Author Andrew Hallam
• Millionaire Teacher by Andrew Hallam
• Tulett, Matthews & Associates

Thanks for Listening!

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

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

Follow The Empowered Investor on Facebook, LinkedIn, and Instagram.

Keith Matthews and Marcelo Taboada break down the global shockwave of “Liberation Day,” explain how markets and investors reacted, and offer critical lessons on staying invested when storms hit. From VIX surges to record—setting daily returns, they connect the dots between policy, volatility, and long-term perspective.

If you’ve ever felt anxious during a market correction - or wondered if “this time is different”—this episode will guide you through the recent market turbulence with evidence-based insight and calm.

Thank you for tuning in!

Key Topics:

● Today's show focuses on recent market volatility and U.S. tariff policy (0:55)

● Marcelo introduces the geopolitical backdrop and tariff volatility (1:34)

● Liberation Day and Trump’s tariff announcement explained (2:56)

● Historical impact and global scale of the tariffs (3:30)

● VIX and other measures of market fear during this period (3:48)

● S&P 500 drops 10% in two days after Liberation Day (4:13)

● Market expectations before the announcement were wrong (4:59)

● Global reach and economic shock of the announced tariffs (5:20)

● Canada, EU, Japan, China: Who was affected and how (5:38)

● VIX compared to past crises like COVID and 2008 (6:06)

● How the bond market reacted and its deeper message (6:33)

● Reversal of tariffs and a 90-day pause sparks 9.5% S&P rebound (7:55)

● Lessons on timing the market and importance of staying invested (16:58)

● Performance failures of tactical asset allocation strategies (19:13)

● How markets recover after recessions and bear markets (24:03)

● Evidence-based investment philosophy and long-term planning (28:22)

And much more!

Mentioned in this Episode:

• Dimensional Report: Navigating Market Volatility
• TMA Report: Shifting Allocations is the Wrong Strategy
• Tulett, Matthews & Associates

Thanks for Listening!

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

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

Follow The Empowered Investor on Facebook, LinkedIn, and Instagram.

In this episode, Keith Matthews and Andrea LeRoyer guide you through a structured approach to preparing your taxes efficiently. From crucial deadlines to tax-saving opportunities, they cover everything you need to stay compliant and optimize your return. They also discuss major changes for the 2024 tax season, including updates on the capital gains inclusion rate, home flipping rules, and the latest home buyer plan withdrawal limits.

Whether you’re a salaried employee, self-employed, a retiree, or a parent, this episode provides a simple and practical framework to handle your taxes effectively. Don't miss this essential conversation to help you file your 2024 return with confidence!

Thank you for tuning in!

Key Topics:

• Overview of the 2024 tax season (0:39)
• Introducing co-host Andrea LeRoyer and her background in tax and finance (1:47)
• Five key points covered in this episode (2:02)
• April 30: General filing deadline (3:21)
• June 16: Self-employed individuals’ deadline (4:19)
• Income slips (T4, T4A, T3, T5, etc.) (4:50)
• Notice of Assessment: Why it matters (5:35)
• Installment payment summaries (6:58)
• Childcare and activity credits (8:42)
• Tuition and education-related deductions (9:43)
• Medical expenses and insurance coverage (11:01)
• Charitable donation changes and extended deadline (13:36)
• Home office deductions: Employees vs. self-employed (14:28)
• Tax credits for home support services (16:45)
• Caregiver tax credits (17:19)
• Multigenerational renovation tax credit (17:44)
• Disability tax credit and eligibility (20:08)
• Changes in relationship status (22:09)
• Moving, renting, or selling property (23:02)
• Foreign asset ownership and T1135 requirements (24:03)
• Capital gains inclusion rate update (25:48)
• Short-term rental compliance rules (26:47)
• Home Buyers’ Plan withdrawal increase (27:57)
• New tax rules for property flipping (29:10)
• Crypto asset reporting for Quebec residents (30:26)
• Alternative Minimum Tax (AMT) updates (31:26)
• Final tax season tips & best practices (32:20)
• Closing thoughts & embracing tax season (32:51)

And much more!

Mentioned in this Episode:

• Tulett, Matthews & Associates

Thanks for Listening!

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

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

Follow The Empowered Investor on Facebook, LinkedIn, and Instagram.

In today’s episode, Keith and Marcelo break down a compelling new study from Morningstar that examines the long-term performance of tactical asset allocation funds. With a data-driven approach, they discuss how these funds performed over different market cycles, what role predictions play in their effectiveness, and how investors should think about market timing or shifting allocations.

What can individual investors and advisors learn from the poor performance to TAA funds on how they manage their own or clients accounts? Join us as we analyze the risks, returns, and emotional biases behind tactical asset allocation, and reveal why a structured, long-term investment strategy may be the best approach for most investors.

Thank you for tuning in!

Key Topics:

• Introduction to tactical asset allocation funds (3:19)
• How these funds differ from strategic asset allocation (5:15)
• Morningstar’s latest research on performance (7:06)
• The underperformance of tactical funds over time (9:00)
• Examining risk: More volatility, lower returns (15:17)
• Why market predictions often fail (22:16)
• Major firms' incorrect forecasts for 2024 (25:23)
• The psychological traps that cause investors to underperform (20:17)
• Lessons from history on the unpredictability of events (27:17)
• Key takeaways: Why "doing nothing and staying the course" is often the best move (28:28)
• Closing thoughts on long-term investment success (29:59)

And much more!

Mentioned in this Episode:

• Tulett, Matthews & Associates
• Why Tactical-Allocation Funds Failed—Again | Morningstar

Thanks for Listening!

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

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

Follow The Empowered Investor on Facebook, LinkedIn, and Instagram.

Marcelo Taboada welcomes Daniel Crosby, a renowned behavioral finance expert and author. Together, they explore the psychology of investing, how money and happiness intersect, and the core principles behind his latest book, The Soul of Wealth. Join us as we uncover how your mindset impacts financial success, the biggest behavioral biases to avoid, and the philosophical shift needed to make wealth truly meaningful.

Thank you for tuning in!

Key Topics:

• Introduction to Daniel Crosby and his work (0:00:00)
• The intersection of psychology and finance (0:02:07)
• Daniel’s career shift from psychotherapy to finance (0:04:00)
• Behavioral biases that impact investing (0:07:32)
• The inspiration behind The Soul of Wealth (0:10:45)
• Can money buy happiness? A research-backed answer (0:14:23)
• The importance of social connections in wealth and happiness (0:17:56)
• How hedonic adaptation affects our financial decisions (0:20:35)
• Why experiences often provide more joy than material goods (0:24:10)
• The role of generosity in wealth fulfillment (0:27:45)
• The biggest financial regrets people have (0:30:33)
• How the PERMA model applies to financial well-being (0:33:29)
• The shifting perspectives of younger generations on wealth (0:38:10)
• Practical strategies for a meaningful financial life (0:41:30)

And much more!

Mentioned in this Episode:

• Tulett, Matthews & Associates
• The Soul of Wealth by Daniel Crosby

Thanks for Listening!

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

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

Follow The Empowered Investor on Facebook, LinkedIn, and Instagram.

In this episode, Keith and Marcelo break down the political and economic fallout, exploring the history of tariffs, their impact on trade, and potential consequences for both the Canadian and the U.S. economy. They discuss market reactions, investor strategies, and why this trade dispute could reshape Canada’s economic future, with possible silver linings amidst the economic turbulence.

If you're an investor, business owner, or simply someone looking to understand how these global events might impact your financial future, this episode provides a well-rounded perspective on the situation. Tune in for valuable insights on how to navigate uncertainty and what investors should consider moving forward.

Thank you for tuning in!

Key Topics:

• Introduction to the episode and overview of the current tariff situation (0:39)
• The political landscape leading up to the tariffs and the unexpected announcement (1:51)
• Breakdown of U.S. tariffs on Canada and the retaliatory response (2:40)
• Economic justifications given for the tariffs and their validity (3:42)
• The history of U.S.-Canada trade relations and past tariff disputes (7:54)
• The Smoot-Hawley Tariff Act of the 1930s and its devastating impact (8:05)
• Analysis of the U.S. steel and aluminum tariffs in 2018 (8:24)
• The softwood lumber dispute and its long-term effects (9:31)
• The business community's reaction in both Canada and the U.S. (10:17)
• The economic consequences of tariffs—growth, unemployment, and inflation (14:04)
• Predictions from economists regarding Canadian GDP, inflation, employment and the dollar (14:19)
• The potential for a global trade war and its broader consequences (19:08)
• Investor concerns and how markets have responded (22:01)
• The possibility of Canada expanding trade relationships with other nations (24:40)
• Calls for a stronger Canadian economy and removing interprovincial trade barriers (25:04)
• How tariffs might actually encourage national unity and economic independence (26:46)
• The role of productivity and innovation in Canada’s long-term economic strength (27:11)
• Investment takeaways: staying diversified, avoiding predictions, and focusing on long-term resilience (28:56)
• The George St-Pierre analogy—turning adversity into strength (30:20)
• Final thoughts and sign-off (31:16)

And much more!

Mentioned in this Episode:

• Tulett, Matthews & Associates

Thanks for Listening!

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

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

Follow The Empowered Investor on Facebook, LinkedIn, and Instagram.

Thank you for tuning in!

Key Topics:

• Purpose of the episode: Navigating Canadian investment accounts. [00:01:00]
• Deep dive into Tax-Free Savings Account (TFSA). [00:01:47]
• Common misconceptions about TFSAs. [00:03:36]
• Registered Retirement Savings Plan (RRSP) basics. [00:04:32]
• Updates to the homebuyers' plan within RRSPs. [00:07:18]
• RRSP suitability for moderate to high-income earners. [00:09:05]
• Registered Education Savings Plan (RESP) explained. [00:10:05]
• Taxation on RESP withdrawals and planning tips. [00:12:33]
• Registered Disability Savings Plan (RDSP) overview. [00:14:07]
• Importance of RDSPs for qualifying individuals. [00:15:35]
• First Home Savings Account (FHSA) – a new tool for homebuyers. [00:16:05]
• FHSA eligibility and misconceptions. [00:18:35]
• Non-registered investment accounts and their tax implications. [00:20:05]
• Corporate investment accounts and holding companies. [00:22:10]
• Individual Pension Plan (IPP) for high-income earners. [00:23:02]
• Key takeaways and planning advice for the new year. [00:24:10]

And much more!

Mentioned in this Episode:

• Tulett, Matthews & Associates

Thanks for Listening!

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

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

Follow The Empowered Investor on Facebook, LinkedIn, and Instagram.

In this episode, Keith Matthews and Marcelo Taboada provide a comprehensive breakdown of 2024, from asset class returns to geopolitical and economic factors that impacted the markets. Marcelo shares personal milestones from the year, while Keith discusses lessons learned from market trends and the importance of diversification amidst narratives of "U.S. exceptionalism."

They also address what the performance of the last decade reveals about long-term investing, touching on inflation, interest rates, and the resilience of global stock markets.

Join us as we reflect on the past and look forward to 2025, equipping you with essential insights to remain grounded and confident in your investment strategy.

Thank you for tuning in!

Key Topics:

• Introduction and Personal Highlights (0:00)
• Marcelo’s milestone: Becoming a new parent (1:17)
• Marcelo becoming a shareholder at Tulett, Matthews & Associates (2:10)
• Keith’s personal life update: Downsizing and moving to a smaller home (3:02)
• Overview of 2024 asset class returns (5:00)
• Cash and bonds performance (5:45)
• Stock market highlights: Canadian stocks up 21.6%, U.S. stocks up 35.6% (6:18)
• REITs performance: Global REITs vs. Canadian REITs (6:52)
• Currency impact: Canadian dollar depreciation vs. USD (7:44)
• 60/40 portfolio recovery after the tough 2022 market (8:02)
• Interest rate cuts: Bank of Canada vs. U.S. Federal Reserve (9:32)
• Inflation trends and economic outlook (10:37)
• U.S. exceptionalism and the Magnificent Seven's market dominance (13:00)
• Performance comparison of global markets over the past decade (14:30)
• Lessons from the U.S. stock market’s “lost decade” (2000–2010) (18:08)
• Bonds vs. inflation over the past decade (22:04)
• Political events and democratic elections in 2024 (24:12)
• The importance of diversification and resisting market narratives (26:01)
• Final reflections and optimism for 2025 (28:03)

And so much more!

Mentioned in this Episode:

• Tulett, Matthews & Associates

Thanks for Listening!

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

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

Follow The Empowered Investor on Facebook, LinkedIn, and Instagram.

In today’s episode, Keith Matthews and real estate expert Sean Broady from the Broady Windsor Group share insights on navigating today’s real estate landscape. From practical home-buying tips to financing strategies, Sean offers an optimistic perspective on how anyone can enter the market with the right approach.

Join us as we explore real-world stories, strategies for saving, and actionable tips for first-time buyers and their families. This episode is essential listening for anyone considering homeownership or supporting loved ones on their home-buying journey.

Thank you for tuning in!

Key Topics:

• Introduction to home-buying challenges (00:00:10)
• The evolving profile of first-time homebuyers (00:07:12)
• What to look for in a starter home (00:09:45)
• Renovation strategies that add the most value (00:10:35)
• When to buy: timing and market cycles (00:15:45)
• Innovative home-buying approaches (00:17:15)
• Partnering with friends or family for homeownership (00:18:33)
• Financing options and government programs (00:31:15)
• Vendor financing explained (00:38:04)
• Creative ways to save for a down payment (00:34:22)
• Managing homeownership costs and risks (00:33:45)
• How long to stay in a first home before upgrading (00:42:20)
• Real estate as a side hustle for wealth building (00:45:10)
• Key takeaways for first-time buyers and families (00:47:25)

And so much more!

Mentioned in this Episode:

• Tulett, Matthews & Associates
• Broady Windsor Group

Thanks for Listening!

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

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

Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

Keith Matthews and Marcelo Taboada examine the appeal of thematic investing, looking at why it draws investors in and why it may often fall short. They discuss findings from a recent Morningstar report that highlights the returns—and missed returns—associated with thematic strategies, shedding light on how timing and trends impact investors' outcomes.

Tune in to learn the do’s and don’ts of thematic investing and how a balanced approach can help you achieve your financial goals without chasing the latest investment craze. 

Thank you for tuning in!

Key Topics:

• Introduction to thematic investing (0:57)
• Defining thematic investing and its focus on macro trends (2:05)
• Why fund companies promote thematic investments and the impact of fees (3:12)
• Key challenges in thematic investing: the allure of trends and timing (3:47)
• Discussion on the "buy-low, sell-high" difficulty in thematic strategies (4:28)
• The Morningstar report on thematic fund returns and investor outcomes (5:20)
• Differences between time-weighted and dollar-weighted returns explained (6:12)
• Significant return gap in thematic investing (6:52)
• "Mind the Gap": Morningstar’s analysis on investor returns vs. fund returns (7:25)
• Historical themes and their outcomes, from the Nifty Fifty to BRIC (10:05)
• Importance of fees in thematic investing and their effect on returns (11:45)
• ARK Innovation Fund example: performance gaps and timing issues (15:13)
• Dangers of chasing manager performance and its parallels with thematic investing (17:52)
• Strategies to avoid thematic investing pitfalls (20:12)
• Discussion on "Core and Explore" strategy and why it often fails (21:30)
• Final takeaways on resisting the urge to chase trends (22:45)

And so much more!

Mentioned in this Episode:

• Morningstar: Navigating the Global Thematic Fund Landscape
• Mind the Gap 2024: A Report on Investor Returns in the US
• Tulett, Matthews & Associates

Thanks for Listening!

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

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

Follow The Empowered Investor on Facebook, LinkedIn, and Instagram.

Join Marcelo and Jackson as they dive into key historical periods, such as the Great Depression, World War II, and the COVID-19 pandemic, to explore how markets react in times of crisis and growth. They also address common misconceptions about the stock market and offer a fresh perspective on investment strategies in the face of political change.

Thank you for tuning in!

Key Topics:

• Introduction to election and stock market discussions (0:00)
• Common misconceptions about U.S. elections and market volatility (1:12)
• Understanding market resilience despite political changes (2:07)
• Long-term market trends through various U.S. elections (3:01)
• The effects of social media and news on investor sentiment (3:50)
• Discussion on Federal Reserve's role vs. presidential impact on the market (5:00)
• Case study: The 2016 election and market predictions (7:15)
• Historical examples of market reactions during past elections (8:45)
• Insights from major historical events (Great Depression, WWII, etc.) (9:23)
• The stock market during FDR's presidency (9:57)
• Economic resilience during Truman and Kennedy administrations (10:45)
• The Bush era and market behavior during 9/11 and the 2008 financial crisis (11:56)
• The importance of staying invested despite political events (12:45)
• Trends during Trump's presidency and the COVID pandemic (13:46)
• Impact of macroeconomic events and technological advancements (14:32)
• Discussion on human innovation and economic recovery (15:05)
• Summary of key takeaways on long-term investing (17:02)
• Closing remarks and advice for investors during election years (17:50)
• Personal updates: Marcelo on fatherhood and Jackson's engagement (18:02)

And so much more!

Mentioned in this Episode:

• Tulett, Matthews & Associates

Thanks for Listening!

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

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

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Hosts Lawrence Greenberg and Jackson Matthews break down the complexities of the RDSP, explaining how it offers significant government support through income-based grants and bonds, making it a powerful savings tool to help Canadians with disabilities secure their financial future.

With tax-deferred growth, matching grants, the ability for multiple family members to contribute and bonds for low-income families, the RDSP allows for faster savings growth.

Lawrence and Jackson discuss the RDSP’s complexity and the need for expert guidance to fully leverage its potential. Whether you’re planning for yourself or helping a family member, the RDSP can be a game-changer for securing a better financial future.

Thank you for tuning in!

Key Topics:

• Overview of the RDSP and its importance (1:03)
• Eligibility requirements for the RDSP (2:02)
• How the RDSP functions as a hybrid account (2:57)
• Who can be a beneficiary of the RDSP? (3:27)
• Contribution limits and rules for the RDSP (4:01)
• Details of the Canada Disability Savings Grant (4:59)
• Income thresholds and grant matching (6:02)
• Canada Disability Savings Bond explained (7:06)
• Catch-up provisions for missed contributions (9:01)
• Withdrawal rules and tax implications (10:01)
• Benefits of the RDSP compared to other accounts (12:00)
• Takeaways and final thoughts on the RDSP (13:10)
• Closing remarks and call to action (14:00)

And much more!

Mentioned in this Episode:

• Tulett, Matthews & Associates

Thanks for Listening!

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

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

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Host Lawrence Greenberg sits down with Christine Brunsden, CEO of Benefits2, to discuss the Disability Tax Credit—a powerful yet often overlooked resource for Canadians. Christine delves into the intricacies of the DTC, clarifying eligibility requirements, debunking common misconceptions, and revealing the broader benefits it can unlock.

The conversation also sheds light on how aspects of aging, such as mobility issues, cognitive decline, and incontinence, as well as chronic illnesses like diabetes, can qualify as disabilities under the DTC. Christine offers practical advice on navigating the application process and underscores the importance of educating both professionals and the public about this valuable financial tool.

Whether you’re exploring the DTC for yourself or a loved one, this episode provides essential insights into obtaining financial support for those with disabilities.

Thank you for tuning in!

Key Topics:

• Introduction to the Disability Tax Credit (0:39)
• Misconceptions about the Disability Tax Credit (1:21)
• The role of physicians in the application process (3:16)
• Eligibility criteria for the Disability Tax Credit (6:02)
• The importance of understanding 'severe and prolonged impairment' (6:29)
• Retroactive application of the Disability Tax Credit (9:57)
• The complexities of the T2201 application form (10:54)
• How Benefits2 assists with the application process (13:38)
• Common challenges faced by applicants (14:29)
• Importance of education and awareness about the credit (19:17)
• Dementia and other cognitive impairments on Disability Tax Credit eligibility (22:16)​
• Services offered by Benefits2 (26:42)
• The impact of cognitive decline and aging on eligibility (26:56)
• Overlooked disabilities and the importance of seeking help (29:03)
• Final thoughts on overcoming stigma and pursuing the Disability Tax Credit (35:12)

And so much more!

Mentioned in this Episode:

• Tulett, Matthews & Associates
• Benefits2

Thanks for Listening!

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

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

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In this episode, Keith and Lawrence dive into the recent bouts of market volatility and share their thoughts on how you can maintain your composure during these turbulent times. They also delve into the cautionary tale of Intel, once a stock market darling of the late 90's, to emphasize the risks of over-concentrated investments in seemingly "can't miss" stocks.

Whether you're concerned about recent market trends or curious about the fate of once-dominant companies, this episode provides a clearer understanding of why it's essential to stay the course, ignore the noise, and maintain a diversified portfolio that aligns with your long-term financial goals.

Thank you for tuning in!

Key Topics:

• Introduction to recent market volatility (0:45)
• Impact of U.S. unemployment figures on global markets (1:18)
• Contradictory economic data and its effect on the market (2:22)
• Importance of staying the course and avoiding short-term panic (2:55)
• Analysis of the VIX (volatility index) and its implications (3:46)
• Long-term investing mindset in volatile markets (5:05)
• Introduction to Intel's fall from grace (5:43)
• Intel's peak and subsequent decline (6:49)
• Comparisons between Intel and NVIDIA—cautionary tales (7:43)
• The dangers of concentrated investment in "superstar" stocks (8:45)
• Takeaways from Intel's story: Avoiding the allure of high valuations (9:26)
• Concluding thoughts on market volatility and Intel's lessons (10:07)
• Final message: Stay diversified and focus on long-term goals (10:21)

And much more!

Mentioned in this Episode:

• Tulett, Matthews & Associates

Thanks for Listening!

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

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They elaborate on the strong performance of various asset classes, particularly emphasizing how technology stocks like NVIDIA have propelled the S&P 500's gains. But they remind us of the importance of not chasing returns, and of the importance of maintaining a globally diversified portfolio for long-term performance and for risk management.

As they look ahead to the upcoming fall US elections, they advise us that sticking to a consistent, diversified investment strategy is far more effective than trying to predict investment outcomes based on election results.

Key Topics:

• Mid-year review of portfolios and investments (3:01)
• Evolving trends shaping investment strategies. (3:20)
• Star performers driving the market through June 30th, 2024 (3:48)
• Tech titans, especially NVIDIA, fueling market gains (4:44)
• Why spreading your investments globally is crucial. (5:31)
• How today’s valuations set the stage for tomorrow’s returns. (7:52)
• Insights into the styles of stocks and market trends (10:04)
• The significance of AI across industries (11:26)
• Inflation and its impact on your household debt and spending power. (12:29)
• Historical context of Bank of Canada's interest rate policies (13:40)
• Implications of higher interest rates on Canadian debt levels (15:15)
• Advice on balancing investments and debt (17:26)
• Upcoming U.S. elections and their impact on markets (17:41)

And so much more!

Mentioned in this Episode:

• Tulett, Matthews & Associates
• BDO Canada

Thanks for Listening!

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

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

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Tune in as host Keith Matthews and guest Uros Milekic, partner at BDO Canada, explore the critical strategies for enhancing business operations, ensuring accurate financial reporting, and structuring for optimal tax efficiency. Uros also explains the key factors that potential buyers look for and how to position your business to meet those criteria.

Whether you're looking to sell in the near future or planning long-term, this episode offers invaluable insights to help you navigate the complex selling process and secure your financial future.

Thank you for tuning in!

Key Topics:

• Why business owners need to prepare their businesses for eventual sale. [00:01:00]
• 5 Key Components: business processes, management structures, people, data and financials, and vision for future growth. [00:02:29]
• How business owners often get lost in daily operations and fail to plan for long-term goals. [00:03:28]
• The importance of accurate financial reporting, monthly reporting, and external audits. [00:12:26]
• The benefits of holding companies and family trusts for tax efficiency and planning. [00:14:11]
• Explanation of the lifetime capital gains exemption and its criteria [00:15:10]
• The timing and benefits of setting up holding companies and family trusts. [00:18:32]
• Understanding business valuation process, who uses it, and its importance in business sales. [00:23:13]
• Breakdown of different types of buyers (internal, strategic, non-related, and private equity) and how they value businesses. [00:26:03]
• The growing influence of private equity in the market and their criteria for purchasing businesses. [00:28:25]
• The differences between selling shares and assets, including tax implications and strategies. [00:31:36]

And so much more!

Mentioned in this Episode:

• Tulett, Matthews & Associates
• BDO Canada

Thanks for Listening!

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

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

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Join host Marcelo Taboada and Uros Milekic from BDO Canada as they dive into key financial strategies for entrepreneurs. Learn how to optimize tax savings, protect assets, and set up holding companies for legal and tax benefits.

Discover the pros and cons of taking a salary versus dividends, managing cash flow, and planning for retirement. Uros explains the Capital Dividend Account (CDA) and Refundable Dividend Tax on Hand (RDTOH) for tax-efficient fund distribution, and highlights Individual Pension Plans (IPPs) as a powerful wealth accumulation tool.

Tune in to navigate financial planning complexities and make informed decisions for your business!

Key Points:

• Advisory Team: Importance of a team of accountants, tax advisors, and lawyers. (9:50)
• Setting Up Holding Companies: Advantages for legal protection and tax efficiency. (16:00)
• Salary vs. Dividends: Pros and cons, and tax Implications of taking a salary versus dividends. (25:32)
• Accumulating Wealth: Wealth strategies within a corporation, using RRSPs, TFSAs, and investments. (26:45)
• Capital Dividend Account (CDA): Using the CDA to distribute funds tax-free. (35:12)
• Refundable Dividend Tax on Hand (RDTOH): Understanding RDTOH for managing investment income. (40:12)
• Optimizing Financial Strategies: Techniques for managing cash flow, working capital, and retirement planning. (42:39)
• Incorporating a Business: Why and when to incorporate for tax benefits and asset protection. (51:37)
• Insurance Considerations: Types of insurance policies and their implications when held personally or within a corporation. (1:01:52)
• Individual Pension Plans (IPPs): IPPs as a wealth accumulation strategy for high-income business owners, benefits over traditional RRSPs. ​(1:05:00)

And so much more!

Mentioned in this Episode:

• Tulett, Matthews & Associates
• BDO Canada

Thanks for Listening!

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

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

Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

Robin Taub is the bestselling author of The Wisest Investment. The Canadian edition of this book was awarded the Best Adult Book of 2022 by the Institute for Financial Literacy.

Join us as we discuss the practical tips and exercises Robin outlines in her book, explore her personal experiences, and understand why financial literacy is essential for children, adolescents and young adults. This episode is packed with insights for parents, grandparents, and mentors who are keen on making a lasting impact on their children’s financial future.

Thank you for tuning in!

​Key Topics:

• The Wisest Investment: Robin Taub’s book and its impact (1:04)
• Financial struggles of parents and the importance of teaching kids about money (5:25)
• Marcelo's personal experience and how his financial journey shaped his views (15:00)
• The role of values in financial education and how to instill them in children (25:30)
• Using teachable moments to impart financial lessons to kids (27:21)
• Robin's background and journey into financial education (30:32)
• Different approaches to allowances and tying them to chores (36:44)
• How budgeting can be made fun and engaging for kids (40:06)
• The importance of gratitude and giving in financial education (44:17)
• Introducing kids to investing and the stock market (49:49)
• Using board games to teach kids about money (48:33)
• The impact of technology and mobile banking on financial education (54:53)
• The significance of letting children make financial mistakes and learn from them (1:05:00)
• The importance of financial literacy (1:10:45)

And so much more!

Mentioned in this Episode:

• The Wisest Investment by Robin Taub
• Get Smarter About Money
• Atomic Habits by James Clear
• ECHOage
• The Good Life by Robert Waldinger
• 11 rings: The Soul of Success by Phil Jackson
• Man's Search for Meaning by Viktor E. Frankl
• Podcast: Teaching Kids about Money with Guest Will Rainey
• Tulett, Matthews & Associates

Thanks for Listening!

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

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

Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

Keith and Marcelo discuss the journey of mutual funds (MF) from a niche product created in 1924 to a mainstay in the investment world, examining both the benefits and challenges they present for today's investors.

They highlight mutual funds' ability to provide diversified exposure to various markets, easy access to foreign investments, and convenience in buying and selling shares.

They also tackle the downsides of mutual funds head-on: high fees, lack of transparency, and sales-driven practices from big banks and others that plague the industry. Despite the availability of lower-cost alternatives like ETFs and other low fee MFs, Canadians continue to be pulled to high-fee MFs. Why?

Keith and Marcelo remain optimistic about the future, pointing to an increasing availability of low-fee investment options and the growing demand for independent, evidence-based financial advice.

Explore the pivotal moments in mutual fund history and gain insights into how understanding this history can benefit your investment strategy today.

Thank you for tuning in!

Key Topics:

● The historical significance and impact of mutual funds on investing (00:39)

● Overview of mutual fund benefits, including diversification and accessibility (01:15)

● Mutual funds' role in the democratization of financial markets (03:22)

● High fees associated with Canadian mutual funds and transparency issues (05:15)

● Evolution of mutual funds and the introduction of ETFs (07:30)

● The shift from defined benefit pensions to defined contributions (09:45)

● Canadian vs. U.S. investment trends in mutual funds and ETFs (11:05)

● Discussion on mutual fund fee structures in Canada (13:18)

● The changing landscape of investing and the rise of passive strategies (15:30)

● Long-term trends and future for mutual funds (18:25)

● Summary of key takeaways and the importance of informed investing (20:40)

● Adoption of Vanguard's ETF Portfolio and Shift Towards Passive Investing in Canada (22:18)

And so much more!

Mentioned in this Episode:

• Tulett, Matthews & Associates

Thanks for Listening!

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

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

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Today, Keith is joined by Gerry Theus, a seasoned tax expert, to explore the nuances of the proposed capital gains inclusion rate increases. They will discuss the transition from the old rate to the new, highlight the direct impacts on various investment structures, and unravel strategies to optimize financial outcomes under these new regulations.

This episode is crucial for anyone looking to understand and navigate the new tax laws effectively.

Thank you for tuning in!

Key Topics:

● Gerry's background in tax law (02:29)

● Which types of investment structures are impacted by capital gains taxes (04:52)

● Assets that are exempt from capital gains taxes and clarifying common misconceptions (07:21)

● Assets that are typically subject to capital gains taxes upon appreciation (09:38)

● Tax bands and implications for individuals (12:26)

● Triggering gains before law changes (14:48)

● Strategies for dealing with capital gains from real estate (17:24)

● Advantages of being able to sell parts of a portfolio to manage potential capital gains tax liabilities (19:46)

● Future considerations for entrepreneurs holding commercial property (24:31)

● Capital gains adjustments for entrepreneurs (26:53)

● Updates on the the Lifetime Capital Gain Exemption (LCGE) increases (29:14)

● Update of the new Canadian Entrepreneurs Incentive program (31:41)

Mentioned in this Episode:

• Tulett, Matthews & Associates

Thanks for Listening!

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

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

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Keith Matthews is joined by Nicolas Bérubé, an award-winning financial journalist and author (of From Zero to Millionaire), to explore the benefits of a stress-free investment strategy. Nicolas shares his journey from being a curious reporter during the financial crisis to becoming a proponent of index investing, highlighting the importance of understanding market behavior and the futility of trying to predict the future.

We dissect common misconceptions about active and passive investing, why aiming for average returns is a pathway to exceptional long-term success, and how maintaining discipline in your investment strategy can lead to financial empowerment.

Thank you for tuning in!

Key Topics:

● Introduction to Nicolas Bérubé and his journey in financial journalism (00:39)

● Impact of the 2008 financial crisis on investment perspectives (03:20)

● Misconceptions about stock market investing and the reality of index funds (05:56)

● The significance of behavior in investment success (13:02)

● Importance of starting early in investing and the concept of compounding (20:50)

● Debunking the myths around index investing and market timing (27:14)

● Discussion on the downside protection in index funds (34:07)

● Nicolas Bérubé's investment philosophy and his view on being a 'lazy investor' (38:22)

● Future of index investing in Canada and globally (43:00)

● The early adoption of exchange-traded funds (ETFs) and the gradual recognition of their benefits in the investment community (44:57)

● Why active management often underperforms index funds, even in volatility(49:13)

And much more!

Mentioned in this Episode:

• Tulett, Matthews & Associates
• Nicolas Bérubé’s book, "From Zero to Millionaire"
• La Presse

Thanks for Listening!

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

Follow Tulett, Matthews & Associates on social media on LinkedIn, Facebook, and more! Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

In today’s episode, Marcelo Taboada speaks with Julie Cote from Chaise Bleu. With her extensive experience in taxation and specializing in non-resident Canadians owning property in Canada, Julie sheds light on the often misunderstood and overlooked aspects of taxation for non-residents. This episode is a deep dive into non-residency status, property ownership, and the critical tax considerations that come with these situations.

Join us as we unravel the complexities of non-residency and property ownership from a taxation perspective. This episode is not just for those directly affected but also serves as a knowledge reservoir for anyone who might know someone in such circumstances. Tune in to equip yourself with essential insights and strategies for efficient tax planning and compliance.

This podcast episode with Julie Cote was recorded on Nov 11th, 2023. Since then, have been two important changes.

1 - The minimum late filing penalty for the Underused House Tax UHT has been reduced:

• To $1,000 for individuals (previously $5,000 as mentioned in the podcast)
• To $2,000 for corporations (previously $10,000 as mentioned in the podcast)

2 - The Ban on foreign Buyers has been extended by two years to January 1st, 2027.

Key Topics:

• Understanding non-resident status and tax implications (8:00)
• Myths and facts about property ownership as a non-resident (15:30)
• strategies for non-residents planning to return to Canada (25:01)
• The impact of foreign buyers on the Canadian property market (30:53)
• Demystifying the underused housing tax (34:49)
• And much more!

Mentioned in this Episode:

• Tulett, Matthews & Associates

Thanks for Listening!

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

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

Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

In this episode, we delve deep into Vanguard's groundbreaking research on the value of financial advice. Emile Bouchard, a seasoned professional in the financial services industry, shares his insights on how Vanguard's approach to evidence-based investing and low-cost strategies is reshaping the industry. We dissect the critical components contributing to the value added by financial advisors, including portfolio construction, behavioral coaching, and holistic wealth management.

Wrapping up, we reflect on the evolving landscape of financial advice in the age of AI and robo-advisors. Discover why the human element in financial planning remains irreplaceable, fostering trust, understanding, and customized strategies that align with your unique life events and goals.

Thank you for tuning in!

Key Topics:

• Emile's background and role at Vanguard (1:37)
• Overview of Vanguard's research on the value of advice (3:11)
• Importance of asset allocation and portfolio construction (11:49)
• Emphasis on low-cost investments and their benefits (17:38)
• Holistic wealth management and its impact (22:09)
• The critical role of behavioral coaching (25:07)
• Discussion on AI, robo advisors, and the future of financial advice (34:55)

Mentioned in this Episode:

• Tulett, Matthews & Associates
• Vanguard

Thanks for Listening!

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

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

Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

Keith Matthews and Lawrence Greenberg offer a comprehensive analysis of 2023, highlighting the performance of different asset classes, the role of major tech firms, and the impact of inflation and central bank policies. They discuss strategies for navigating the markets and how to avoid common investment mistakes, providing valuable insights for investors

Thanks for joining us on this journey through the past year and into the future. We hope these insights will guide your investment decisions in 2024.

Thank you for tuning in!

Key Topics:

• Discussion on 2023 asset class returns (1:41)
• Analysis of the 60/40 portfolio performance (2:29)
• Impact of the Magnificent Seven tech firms on the market (4:53)
• Style factors in the stock market (8:19)
• Major economic and stock market themes of the year, including rates and inflation (9:16)
• Interest rate policy and its effects (11:21)
• Possibility of a soft landing or a recession? (14:05)
• Canada's economic growth and TSX returns (14:43)
• Discussion on stock pricing and recession expectations (16:13)
• Analysis of Federal Reserve rate cuts (17:08)
• Long-term investing perspectives (18:20)
• Bond yields and investor positioning (19:03)
• Enthusiasm around artificial intelligence and its market impact (22:37)
• Importance of avoiding errors and pitfalls in investing (23:50)
• And much more!

Mentioned in this Episode:

• Tulett, Matthews & Associates

Thanks for Listening!

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

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

Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

Morgan Housel, in 'Same as Ever,' explores the repetitive nature of human behavior through various historical lenses, emphasizing that while contexts may change, core human traits like fear, love, power, greed, and envy remain constant. Marcelo and Jackson analyze these themes, primarily focusing on how they relate to investors' decisions and the financial world.

The discussion pivots to lessons for investors, emphasizing the importance of managing expectations, understanding the role of envy in financial decisions, and the necessity of adopting a long-term perspective in investment strategies. The episode ends with a reflection on the core principles of Tulett, Matthews & Associates, reiterating their commitment to client-centric services, evidence-based investment philosophy, playing the long game, and diversification.

Thank you for tuning in!

Key Topics:

• Introduction and overview of 'Same as Ever' (01:10)
• The role of envy in financial decisions and its historical context (3:45)
• Managing expectations: the key to economic and personal well-being (11:00)
• The importance of a long-term perspective in investment strategies (17:30)
• Diversification and evidence-based investing as core principles (28:00)

Mentioned in this Episode:

• Same as Ever: A Guide to What Never Changes by Morgan Housel
• The Psychology of Money by Morgan Housel
• Tulett, Matthews & Associates

Thanks for Listening!

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

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

Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

In today’s episode, we dissect the elusive concept of a "soft landing" economically, analyzing the potential for such an outcome in the current U.S. economy. Keith and Marcelo guide you through the implications for investors, discussing historical examples and recent market dynamics. They will share strategies to manage your investments in these uncertain times, emphasizing the vital role of diversification and maintaining a consistent investment philosophy.

Join us as we navigate the intricate cycles of the economy and unveil actionable strategies for you. This episode promises to enhance your understanding of economic fluctuations and how to embrace a consistent investment approach. Tune in now for a deep dive into economic resilience and investor empowerment.

Thank you for tuning in!

Key Topics:

• Analyzing the dynamics of economic "soft landing" and "hard landing" (1:30)
• Comparing economic trends in the U.S. and Canada (8:39)
• Historical precedence of soft landings amid high inflation (10:05)
• The role of diversification for long-term financial stability (13:16)
• And much more!

Mentioned in this Episode:

• Tulett, Matthews & Associates

Thanks for Listening!

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

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

Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

We'll delve into the impact of dividend reinvestment on total returns, the tax advantages of controlling distributions, and the importance of not relying solely on dividend paying stocks for diversification. Our discussion will shed light on the psychological allure of dividends during market volatility and why a broader perspective that includes capital appreciation is crucial for wealth growth.

Join Lawrence and Keith as they navigate the complexities of dividends, offering insights that challenge the status quo and empower you as an investor.

Key Topics:

• Understanding the pros and cons of prioritizing dividend-paying stocks (1:05)
• Examining the impact of dividend distribution on stock market prices (5:33)
• Comparing tax treatments for dividend income versus capital gains (10:24)
• Debunking the myth that all stocks offer similar appreciation rates (11:11)
• Clarifying that dividends are an integral component of total investment returns (13:16)
• The long-term effects of not reinvesting dividends on investment growth (17:10)
• Addressing the misconception that dividend payouts are always reliable (19:54)
• Analyzing how dividend-centric ETFs fare when interest rates rise (23:33)
• The pitfalls of dividend investing strategies, including tax inefficiencies (25:29)
• And much more!

Thank you for listening!

Mentioned in this Episode:

• Tulett, Matthews & Associates

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

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

Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

Learn why Canadians should rethink their home bias in investing, especially when our national market constitutes just 3% of the global stock market. We also revisit Vanguard's recommendation that 70% of your equity holdings should be invested outside of Canada. Discover the critical interplay between valuations and historical returns, helping you understand and embrace an investment strategy that is truly global and diversified.

Join Keith and Marcelo as they guide you through the maze of international investing backed by the latest research and expert opinions.

Thank you for tuning in!

Key Topics:

• Why Canadians should explore international investing strategies for global market allocations (1:12)
• How the AQR report impacts views on the U.S. versus international stocks (4:12)
• Why international stocks may offer growth with lower PE ratios (7:46)
• Examining decade by decade the differences in performance of U.S. and international markets (11:15)
• Why diversification protects long-term returns despite short-term market volatility (13:54)
• The ease and affordability of international investing for Canadians (18:56)
• And much more!

Mentioned in this Episode:

• Tulett, Matthews & Associates
• Vanguard

Thanks for Listening!

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

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We start by reviewing the groundbreaking work by Henry Markowitz on modern portfolio theory, illuminating how diversification can help you gain better returns with less volatility. We discuss the Canadian investor tendency towards home bias in investments and discuss the merits of looking beyond national borders.

Wrapping up the episode, we point to a recent Vanguard report that outlines the ideal equity allocation for Canadian investors.

Join your hosts Keith & Marcelo as they guide you through this intricate yet vital topic, helping you craft a global investment strategy that's well-rounded and research based.

Key Topics:

• Why Canadian investors should consider global diversification for better returns (1:46)
• How diversification enhances returns while reducing risk (5:47)
• Exploring the home bias among Canadians and its effect on their portfolios (13:13)
• Global investors favor home markets; Americans least biased, Australians and Canadians most biased (16:48)
• Assessing concentration risks in the Canadian equity market (20:41)
• Analyzing Vanguard Report's endorsement for global diversification in Canadian portfolios  (22:54)
• Review of Vanguard's recommended global allocation for Canadian investors: 30% Canadian equity, 70% international (US, EAFE & Emerging Markets)
• Why it’s easier than ever for Canadians to build globally diversified portfolios (26:53)

Mentioned in this Episode:

• Tulett, Matthews & Associates
• Vanguard

Thanks for Listening!

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

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

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Have you ever found yourself blindly following the crowd, even when deep down you knew it wasn’t the right decision? Have you ever wondered if the way your brain thinks is tricking you and influencing your investment choices, sometimes leading you astray?

In this episode, we delve into the fascinating world of behavioral biases and their profound impact on investment decisions. Join us on a thought-provoking journey as we explore the hidden survival instincts that drive our actions, often without us even realizing it. Discover why humans may not be naturally wired to make rational decisions when it comes to navigating our financial path.

We shed light on concepts like herding behavior, the pitfalls of overconfidence, and the dangers of confirmation bias and more. Throughout our exploration, we weave in real-world examples to provide you with a comprehensive understanding of human behavior and its significant role in investment choices.

Join hosts Marcelo Taboada and Lawrence Greenberg as they share practical strategies to counteract these ingrained biases and foster decision-making processes that are both rational and aligned with your financial aspirations.

Thank you for tuning in!

Mitigating Investment Biases:

• Exploring the role of behavioural biases in investment choices (1:47)
• Uncovering the evolutionary roots of behavioural biases in investing (4:42)
• Overconfidence in investing leads to risky behaviour; humility and process can mitigate it (9:42)
• Avoid confirmation bias in investing by conducting diligent research and considering opposing views (13:26)
• Stick to your investment philosophy to avoid hype and bubble-like securities (16:11)
• People tend to treat money they receive differently and should view it holistically (20:25)
• How advisors act as emotional anchors, guiding clients away from costly investment errors influenced by biases (26:37)
• And much more!

Mentioned in this Episode:

• Tulett, Matthews & Associates

Thanks for Listening!

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

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

Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

Have you ever wondered whether your financial decisions align with your future goals? Do our emotions play a pivotal role in shaping our financial choices, and influencing our long-term outcomes?

Join your hosts Marcelo Taboada, Lawrence Greenberg, and Jackson Matthews as they discuss takeaways from Morgan Housel’s book, Psychology of Money. It’s an incredible personal finance book filled with great concepts and stories that can help improve decision making for all investors.

Thank you for tuning in!

Key Topics:

• "Psychology of Money" by Morgan Housel: Surprising, impactful, and relatable financial insights through storytelling (1:32)
• Emotions' role in investing, pitfalls, and examples (3:00)
• How a Janitor Became a Millionaire by Saving and Investing (5:14)
• Balancing rationality and personal comfort in financial decision-making (8:43)
• Smart doesn't guarantee right decisions. Behavior matters more than knowledge (12:12)
• Compounding's power lies in exponential growth over time (14:22)
• Social comparison drives spending, but wealth is often what you don't see (18:14)
• Healthy financial habits: Pay yourself first, develop an investment philosophy, tune out noise (20:56)
• Media understands psychology, but lacks understanding of individuals (27:41)

Mentioned in this Episode:

• Tulett, Matthews & Associates
• The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness - Morgan Housel

Thanks for Listening!

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

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

Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

Recognizing the importance of aligning yourself with the right financial influences can be a game-changer in successful retirement planning.

Join Keith and Marcelo as they dive deep into effective strategies that will help you circumvent the lifestyle creep trap. They’ll shed light on how this pervasive trend affects retirement planning and equip you with the knowledge you need to safeguard your financial well-being. Empower yourself with this invaluable information and set yourself up for a successful future.

Thank you for tuning in and taking control of your financial destiny!

Key Topics:

• Lifestyle creep: identifying it, avoiding it, and problems that can arise (0:50)
• The importance of matching retirement savings to lifestyle expenses (5:28)
• Avoiding lifestyle creep by budgeting, planning, establishing shared values (12:27)
• The growing perception that home ownership is unattainable (15:30)
• Feel rich by associating with frugal friends who have similar financial goals (15:36)
• 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 or 514-695-0096 ext.112

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

Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

Susan staunchly believes retirement has the potential to be the happiest phase of one's life, leading her to develop her coaching program, Inspired Retirement, to help retirees uncover their unique paths to a gratifying and purposeful retirement.

Inspired Retirement demystifies non-financial retirement planning, offering invaluable insights and support for those on the cusp of retirement and recent retirees alike. It's here that individuals learn to navigate the physical, mental, social, and emotional facets of retirement and create their personalized, non-financial retirement blueprint.

Join us on this enlightening episode where we cover retirement preparation, dementia prevention, lifestyle transformation, the empowering journey to self-discovery in retirement, and so much more!

Thank you for listening!

Key Topics:

• Evolution of retirement from a short period of rest to a longer phase of life
• Identifying post-retirement goals and making the most of this phase
• The impact of alcohol and substance abuse in retirement
• Introduction to Susan’s coaching program, Inspired Retirement
• Dr. Richard Leiter's happiness curve
• The importance of pre-retirement preparation
• Dementia is retirees' greatest fear
• The challenges retirees face when work is taken away and the loss of structure and purpose
• Retirees not finding retirement fulfilling
• The potential risks and challenges of the retirement transition
• The importance of a growth mindset in fighting the natural decay of aging
• Inspired retirement GPS: Good Health, Passion and Purpose, and Social Network
• Phases of retirement: anticipation, honeymoon, disenchantment, stability
• And much more!

Mentioned in this Episode:

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

Thanks for Listening!

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

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

Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

In this episode Marcelo and Keith discuss ytd investment observations that include; why investors should stay clear of investment narratives, why investors should continue investing on a global basis, the performance of growth versus value stocks, investor benefits of opening economies, and the challenges and opportunities posed by higher interest rates.

Thank you for listening!

Key Topics:

• The economy’s continued resilience and growth (3:31)
• How Chat GPT managed to generate stunning, effortless poetry (7:08)
• Why diversification remains crucial despite recent outsized growth by a few companies (9:31)
• Ups and downs in the battle between growth and value (13:13) 
• Why you should be cautious trying to use any narratives to predict market performance (15:36) 
• How global diversification protects against long-term underperformance of one particular region(20:54)
• Diversifying and sticking to your plan to produce better returns while reducing stress (24:33) 

Mentioned in this Episode:

• Chat GPT
• 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 or 514-695-0096 ext.112

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

Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

Whether it’s to fund their 20 to 30 years retirement or simply to access money for a project without a monthly repayment obligation, a reverse mortgage can offer an opportunity to unlock that home equity and provide much-needed cash flow. 

Today we’re joined by experienced independent mortgage broker Morgan Englebretsen to talk about the ins and outs of reverse mortgages and what Canadian homeowners need to know to make an informed decision.

In this episode, Morgan and Keith talk about the ideal candidates for a reverse mortgage, current reverse mortgage trends, which institutions issue reverse mortgages, the rules and costs around the reverse mortgages, how they are repaid, alternatives to reverse mortgages, and so much more!

Thank you for listening!

Key Topics:

• What is a reverse mortgage? (1:18)
• Why this is an important topic for Canadians right now (2:56)
• How a reverse mortgage works (5:04)
• The people who can benefit most from a reverse mortgage (6:13)
• Strategic users of reverse mortgages (9:50)
• Reverse mortgage eligibility criteria (11:23)
• How much of your home equity you can access through a reverse mortgage (12:27)
• The institutions that facilitate reverse mortgages (14:54)
• How many people are accessing reverse mortgages (15:46)
• The reverse mortgage application process (17:12)
• How an independent mortgage broker can help you with a reverse mortgage (19:11)
• Current interest rates for reverse mortgages (21:35)
• What you need to know about repayment options (22:45)
• Alternatives to a reverse mortgage (24:12)
• Pros and cons of reverse mortgages (26:21)
• And much more!

Mentioned in this Episode:

• Morgan Englebretsen on Instagram
• Morgan Englebretsen on TikTok
• Mortgage Architects Website
• The Empowered Investor | Episode 74: Navigating mortgages and high interest rates with specialist Morgan Englebretsen
• CHIP Reverse Mortgage
• Equitable Bank Reverse Mortgage
• 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 or 514-695-0096 ext.112

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

Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

Despite only 5-10% of people reporting fraud, the Canadian Anti-Fraud Centre received fraud and cybercrime reports totaling a staggering $530 million in victim losses in 2021. From phishing scams to ransomware and identity theft, the responsibility ends up on us as individuals to ensure we protect ourselves from cyberattacks as far as possible.

Today Marcello is joined by cybersecurity expert James Fournier to talk about protecting yourself against cyber threats and what to do if you fall victim. James has been in the industry for over 20 years, and he’s seen it evolve and the different trends that crop up over time. As a technology expert, he has an emphasis on cybersecurity, and he’s a wealth of knowledge in the field. 

In this episode, James and Marcello discuss what cybersecurity really means, the foundations everyone should have to protect themselves, online security's do's and don'ts, why you need to use two-factor authentication and password managers, red flags to avoid, and so much more!

James has been instrumental in training us at TMA on what to be aware of what to do and what not to do, and we think you’ll learn a lot from what he has to share.

Thank you for listening!

Key Topics:

• Why every Canadian needs to educate themselves on cybersecurity (2:06)
• Scary statistics on the prevalence of fraud and cybercrime in Canada (4:17)
• James’ background and journey into the IT industry (6:01)
• Our approach to cybersecurity at TMA (8:08)
• What is cybersecurity? (9:35)
• The most common cybersecurity pitfalls (11:53)
• Red flags that can signal a phishing attack (14:54)
• Different types of cyber attacks that can impact investors (18:31)
• Why preventative systems are crucial (24:07)
• Steps to take if you think you’ve been scammed (26:32)
• How two-factor authentication (2FA) works and why you need it (29:18)
• Why James recommends using a password manager (31:16)
• How to think about using antivirus software (36:32)
• Why training yourself on the potential risks and best practices is essential (39:36)
• And much more!

Mentioned in this Episode:

• James Fournier’s Website | JFITS.ca
• 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 or 514-695-0096 ext.112

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

Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

An FHSA is a vehicle people can use to save for purchasing their first home while receiving a tax deduction on contributions. The money grows tax-free, and you can use it to buy a house without needing to refund the account; unlike the RRSP's Home Buyers' Plan.

Keith and Marcelo first spoke about the FHSA when it was announced in June 2022, and today they're coming back with more answers as we head towards the account's rollout. In this episode, Marcelo and Keith talk about what exactly an FHSA is, how it works, who benefits from using them, how it may impact the housing crisis, and so much more!

Thank you for listening!

Key Topics:

• The purpose of the first home savings account (FHSA) (3:05)
• Young Canadians’ attitudes toward homeownership (3:53)
• How the FHSA works (5:38)
• Parameters for using an FHSA (7:04)
• The main benefit of using an FHSA (8:24)
• How the FHSA works alongside a Home Buyers' Plan (HBP) (9:33)
• Implications of choosing not to buy a home (11:53)
• The main difference between the FHSA and the HBP (13:52)
• Primary beneficiaries of the FHSA (15:14)
• Rising criticisms of the FSHA (17:00)
• Advice for young investors (19:28)
• And much more!

Mentioned in this Episode:

• The Empowered Investor | Episode 56: Tax-Free First Home Savings Account (FHSA)
• 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 or 514-695-0096 ext.112

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

Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

Expected returns estimate the average return that an investment or portfolio should generate over time. Being able to create realistic projections requires starting with appropriately developed expected returns.

In this episode, Marcelo and Keith talk about how investors and advisors should use expected returns, what you need to know about how they’re determined, why they’re essential for retirement projections, the organizations that create expected returns, and so much more!

Key Topics:

• What are expected returns? (3:17)
• The relationship between valuations and expected returns (4:33)
• How financial advisors use the Projection Assumption Guidelines from FP Canada™ and the IQPF (6:35)
• Expected returns for different asset classes according to the 2023 Projection Assumption Guidelines (8:09)
• What the reports from firms like Vanguard say bout expected returns (9:52)
• How we use expected returns in financial planning (11:20)
• A side-by-side comparison of current returns and historical returns (14:11)
• Real returns of stocks over the last 120 years (16:37)
• What you can do to improve the odds of a successful planning and investment experience (21:21)
• How management fees have changed over time (23:20)
• Why we’re optimistic about the future (27:10)
• And much more!

Mentioned in this Episode:

• 2023 Projection Assumption Guidelines
• Elroy Dimson, Paul Marsh & Mike Staunton’s Book | Triumph of the Optimists: 101 Years of Global Investment Returns
• 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 or 514-695-0096 ext.112

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

Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

With many potential pitfalls, confusing jargon, and seemingly endless options, proper guidance throughout the mortgage process is invaluable. Today we’re joined by experienced independent mortgage broker Morgan Englebretsen to break down the ins and outs of mortgages, ensuring that you have the knowledge you need to make informed decisions.

In this episode, Morgan and Marcelo discuss how to get ready for the mortgage process, strategies you can use to save money, why it’s sometimes worth it to get a higher interest rate, how to decide how much of a deposit to make, the benefits of working with a mortgage broker, what to think about when deciding between lenders, the fixed and variable costs of buying a property,

Morgan’s advice for a first-time home buyer and so much more!

Thank you for listening!

Key Topics:

• Why it’s valuable to get an independent perspective on mortgages (1:25)
• How Morgan moved from automotive financing to home financing (4:12)
• Growing up in a rational environment with both parents as academics (5:30)
• The behavioural aspect of financial decision-making (6:55)
• What does an independent mortgage broker do? (8:20)
• The primary benefits of working with an independent mortgage broker and a lender (10:10)
• How independent mortgage brokers can offer their services for free (12:01)
• The increasing number of Canadians using mortgage brokers (13:33)
• The hidden benefits of working with a mortgage broker (15:40)
• All lenders are not created equal (17:36)
• How to choose the best lender for you (21:50)
• The fixed and variable costs of buying a property (23:44)
• The biggest pain points for Canadian home buyers right now (27:46)
• Morgan’s advice for a first-time home buyer (31:42)
• The benefits of a holistic approach to your finances (34:42)
• How you can save yourself some money with your mortgage (39:42)
• What to do to get ready for taking a mortgage (44:45)
• Different ways to leverage the equity in your home (46:26)
• And much more!

Mentioned in this Episode:

• Morgan Englebretsen on Instagram
• Morgan Englebretsen on TikTok
• Call Morgan Englebretson: 514-923-6606
• Mortgage Architects Website
• 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 or 514-695-0096 ext.112

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

Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

But while it might be tempting to try them, making the wrong decision about your taxes is an expensive mistake that can cost you many times more than what you would have paid initially.

To help make sure you’re on the right track, tax specialist Réginald Pierre-Louis is back for part two of our tax myth series. Réginald has more than ten years of practice in the field and has a great way of making complex taxation rules and legislation more understandable so you can make sure you’re filing accurately.

In this episode, Marcelo and Réginald talk about why it’s challenging to define a threshold for richness, how facts and feelings shape our perspective, what research shows about who pays the most taxes, and why many of the commonly shared “rich people” tax strategies might not be suitable for you.

Thank you for listening!

Key Topics:

• Why it’s so hard to come up with a definition of a rich person (1:37)
• How facts and feelings shape our perspective on wealth and poverty (7:25)
• People on both ends of the wealth spectrum are abusing the system (10:25)
• Surprising income statistics across Canada (12:35)
• Myth #1: The rich don’t pay taxes (16:33)
• Tax distribution across income levels (19:21)
• Myth #2: When wealthy people make charitable donations, they’re doing it because they’ll get it back on their tax return (22:00)
• Myth #3: I’ll create a company for myself like the rich do so I can get tax savings (26:18)
• Myth #4: I can include my personal expenses within my company (31:32)
• Myth #5: My corporation can pay a salary to my spouse and children, and since they have a lower tax rate, I’ll pay less in taxes (35:58)
• Myth #6: My company should own my home (37:07)
• Myth #7: I’m saving money in my business by paying cash and avoiding sales taxes (43:05)

Mentioned in this Episode:

• Réginald Pierre-Louis on LinkedIn
• 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 or 514-695-0096 ext.112

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

Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

We’ve all heard people saying the rich don’t pay taxes, and the government is robbing us, or horror stories of being taxed at over 50% once your income is more than $100,000. Social media has amplified the problem, spreading myths as fast as truth and making it difficult to know what’s fact and fiction. Add in recent changes in the tax laws and you are left feeling confused and unsure of where to go for the right answers.

Countering bad advice, especially during tax season, is crucial. So we reached out to expert and tax specialist Réginald Pierre-Louis to bust several tax myths and give you the facts to help ensure that you file accurate returns.  His expertise can help ensure that you receive money the government owes you and avoid penalties for underreporting.

In this episode, Marcelo and Réginald break down common tax mistakes and misconceptions, explore why these tax myths are so widespread, and share the facts you need to know as a Canadian investor.

Thank you for listening!

Key Topics:

• Réginald’s extensive background as a tax specialist (1:21)
• Réginald’s passion for teaching and what sparked his interest in tax (3:00)
• Myth #1: If we’re not living together, we’re not common-law partners (5:44)
• Myth #2: I have no income, so I don’t need to file taxes (9:39)
• Myth #3: My accountant is no good - I had to pay taxes (10:54)
• It’s your responsibility to share all relevant information with your accountant (14:04)
• Myth #4: I make above $100,000/year, so my tax rate will be 50% (16:41)
• Myth #5: I won’t accept this salary increase or work overtime since my tax is more than the salary increase (23:07)
• Examples of situations which might lead to an unexpectedly large tax bill at the end of the year (29:00)
• Myth #6: I work at a bar/restaurant. Aren’t tips tax-free? (32:17)
• Myth #7: RSPs are useless because future withdrawals are taxed (35:46)
• The emotional and psychological aspects of finance (43:39)
• Myth #8: Québec is the most taxed place in Canada (47:47)

Mentioned in this Episode:

• Réginald Pierre-Louis  on LinkedIn
• L’investisseur transformé
• Épisode 18: Mythes et croyances populaires en fiscalité (partie 1)
• Épisode 19: Mythes et croyances populaires en fiscalité (partie 2)
• Revenu Québec Guidance | Employees Who Receive Tips
• 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 or 514-695-0096 ext.112

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

Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

Understanding how to properly file your tax return and take advantage of deductions and credits can put more money back in your pocket, which can go a long way in achieving your financial goals. Your tax returns also entitle you to certain social benefits, and appreciating the various requirements can help you avoid costly mistakes.

Whether working with a tax professional or filing yourself, there's always something new to learn about taxes. To help you gain clarity for this tax season, we’re doing a deep dive into Canadian tax returns with our colleague, Hugh Campbell.

Keith and Hugh discuss why it’s essential to file your taxes accurately and on time, when spouses should file together, how requirements differ across provinces, the tax benefits of RRSPs and tax-free savings accounts, how to ensure you’re maximizing your allowable deductions, additional filing requirements for investors with foreign assets, and so much more!

Thank you for listening!

Key Topics:

• Hugh’s move from a neurobiology major to CPA (1:27)
• Early lessons from PricewaterhouseCoopers (2:42)
• The most rewarding aspects of working with individuals and small business owners (3:35)
• Consequences of not filing your tax returns on time (4:30)
• When and why families must file together (6:47)
• The types of information available through CRA downloads (10:13)
• Differences between preparing income tax returns in Quebec and other Canadian provinces (14:37)
• How an RSP works and its value from a tax perspective (17:10)
• Choosing between an RSP and a tax-free savings account (19:13)
• What to do with your tax refund (21:04)
• What you need to know about the new tax-free first home savings account (23:14)
• Key considerations around whether interest can be tax deductible (27:56)
• Criteria to qualify for home office deductions (30:54)
• Senior tax savings from income splitting (33:07)
• The most important credits for seniors (34:10)
• Tax implications of financial gifts to your adult children (36:39)
• How to treat foreign-source income on your Canadian tax return (40:04)
• When to file Form T1135 (41:00)
• Differences in tax consequences for cash and stock charitable contributions (47:46)
• Tax requirements when selling residential property (52:15)
• How to handle a notice of assessment (58:03)
• What happens if you don’t pay your tax bill in full (59:14)
• How long to keep your tax records (1:01:04)
• Hugh’s tips for making the tax filing process easier (1:03:27)
• Common tax reporting mistakes (1:04:13)
• Hugh’s perspective on the evolution of the Canadian tax system (1:05:57)
• 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 or 514-695-0096 ext.112

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

Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

From Ponzi schemes to fake investment opportunities, these scams lure investors in with promises of high returns and low risk. In reality, there’s no increased reward without increased risk, and even when these plots are revealed, many people never recover what they invested.

The best way to protect yourself is to be aware of the warning signs and educate yourself on the steps you can take to protect your investments. In this episode, Keith and Marcelo explore the world of financial fraud, some famous examples of these schemes, how they work, how you can safeguard your finances, and so much more!

Thank you for listening!

Key Topics:

• Why we’re talking about financial fraud (1:14)
• Different types of financial fraud and famous examples (3:01)
• How Ponzi schemes work (6:24)
• Why the biggest Ponzi schemes are usually uncovered during market corrections (9:57)
• Charles Ponzi’s landmark scheme in the 1920s(10:51)
• How Bernie Madoff kept his fraudulent scheme running for 20 years (12:10)
• Earl Jones’s Canadian scheme targeting the elderly in the 80s and 90s (15:08)
• Common themes among these long-running Ponzi schemes (17:17)
• What the sentencing of Gary Sorenson and Milowe Brost show about the significant differences in penalties for white collar crime in Canada vs. the US (18:26)
• The Norbourg scandal in Montreal (19:33)
• The biggest reasons people keep falling for these schemes (21:09)
• Warning signals to be aware of to protect yourself from financial fraud (24:15)
• The AMF’s five steps to avoid fraud (26:36)
• And much more!

Mentioned in this Episode:

● Netflix Documentary | Madoff: The Monster of Wall Street

● Diana B. Henriques’ Book | The Wizard of Lies: Bernie

Madoff and the Death of Trust

● John Carreyrou’s Book | Bad Blood: Secrets and Lies in a

Silicon Valley Startup

● Movie | Norbourg

● Autorité des marchés financiers (AMF)

● Ontario Securities Commission

○ Investment Fraud Checklist

● Canadian Securities Administrators

● Bethany McLean & Peter Elkind’s Book | The Smartest

Guys in the Room: The Amazing Rise and Scandalous Fall of Enron

Thanks for Listening!

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

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At the core, effective client meetings are about transparency and empowering investors with the right level of detail to move forward confidently, with a clear vision of their financial future.

In this episode, Marcelo and Keith talk about how the relationship between financial advisors and clients has evolved, the TMA approach to client meetings, the elements we believe are essential, and so much more!

Thank you for listening!

Key Topics:

• Why client meetings are Marcelo’s favourite part of the job (2:18)
• The evolution of client meetings (3:17)
• Our holistic approach to client meetings (5:11)
• Factoring in short-term and long-term business and financial goals (8:34)
• Why we ask clients about their biggest fear/concern/worry (10:38)
• What we cover in the balance sheet review and why it’s an essential element (12:05)
• Benchmarks we discuss around cash flows (14:37)
• Why we always shared detailed reports on cash flows (17:11)
• The value of a projection review (18:27)
• How we customize the portfolio review for each client using scalable communication (23:04)
• Topics we cover with every client about their wills (28:08)
• The goal of an effective client review meeting (31:05)
• Our final takeaways for investors (32:06)

Thanks for Listening!

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Curiosity and continuous learning are a big part of our firm’s culture. The team is always sharing ideas, whether through podcasts, research articles, or books. Recently, Marcelo came up with a brilliant idea to take it to the next level, and now we have our own library at Tulett, Matthews & Associates. We’re excited to have this resource for the team and clients.

In honour of that, today, we’re doing things differently. In this episode, Marcelo and Keith review a book from our library - Die With Zero by Bill Perkins. The book's concept centers around the idea that you’ve worked hard for your money, and you should optimize it by maximizing the life experiences that bring you purpose and fulfilment.

We talk about Bill Perkins’ take on the problem with conventional advice about retirement planning, his framework for life enjoyment, potential pitfalls from neglecting your financial foundations, how we advise clients to plan for the experiences they desire, the case for giving away your wealth based on when it has the most impact, and so much more!

Thank you for listening!

Key Topics:

• Our Tulett, Matthews & Associates library (1:02)
• Why we’re talking about Bill Perkins’ Book, Die With Zero (2:30)
• Bill Perkins’ take on conventional advice about retirement planning (4:15)
• A framework for life enjoyment (6:15)
• Our changing perception of the value of experiences and relationships (7:20)
• Potential pitfalls from neglecting your financial foundations (9:35)
• Building up your memory dividend (10:37)
• Roadblocks that can get in the way of building your memory dividend (11:40)
• The case for giving away your wealth based on when it has the most impact (13:52)
• Helping your children develop grit and resilience (16:37)
• Concepts from Die With Zero that are especially relevant in our current environment (18:52)
• Planning to maximize your different seasons of life (21:18)
• Bill Perkins’ action plan concept (22:08)
• The types of investors who will benefit the most from applying the Die With Zero concepts (23:28)
• The importance of sound financial advice when applying these concepts (25:37)
• Final takeaways on the book (28:03)
• And much more!

Thanks for Listening!

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​With significant declines in specific segments of the financial market, inflation rates we haven’t seen in decades, and geopolitical conflicts escalating, 2022 was a turbulent year for the average investor.

Investors who maintained perspective and long-term discipline by committing to a fundamentally sound investment plan were able to weather through the periods of market uncertainty and stay on the path to building wealth.

Four core principles help our clients maintain diversified, well-balanced investment portfolios and become financially secure forever.

• Stay diversified
• Tune out the noise
• Don’t chase market trends
• Don’t speculate

For the new year’s first episode, we are reflecting on key themes and lessons from 2022 and what they mean for Canadian investors. In this episode, Marcelo and Keith talk about how different asset classes performed over the year, central themes in the investment world, how investors should think about 2023, positive returns on the horizon, and so much more!

Thank you for listening!

For additional insights read our 2022 Market Review: A Changing Investment Landscape.

Financial highs, lows and what’s in store for 2023

• Our reflections on 2022 from a personal perspective (1:33)
• Equity and bond market results in 2022 (4:35)
• The primary reasons behind the difference in market performance between a US and a Canadian 60/40 portfolio (5:54)
• Growth stocks versus value stocks (8:56)
• Massive declines in the mega-cap stocks in 2022 (10:54)
• Updates on some of the innovative company stocks that peaked during the height of the pandemic (13:27)
• The Ark Innovation Fund and the problem with chasing performance (16:13)
• Profits and valuations matter (19:04)
• The unravelling of the speculator - the downfall of crypto and meme stocks (20:11)
• Average returns for our portfolios in 2022 (23:15)
• Major themes coming out of 2022 that impact Canadian investors (26:56)
• The possible upside of inflation for investors (28:30)
• Thinking about a possible recession on the horizon (30:05)
• Why Canadian investors should be wary of forecasting (33:01)
• Understanding expected return changes (35:05)
• Categories that are undervalued, fairly valued, and with stretched valuations (37:17)
• Lessons and takeaways from 2022 (39:27)
• And much more!

Thanks for Listening!

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

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2022 has been a challenging year for Canadian investors; inflation is higher, interest rates have been going up, bonds are down, and stocks have been volatile. Typically, bonds have sheltered investors in periods of uncertainty. This hasn’t been the case this year.

Bonds play an important role in the investing world. They provide income, stability, and diversification to your portfolio. Bond prices are constantly moving according to current conditions and they typically have an inverse relationship with interest rates – when interest rates go up, bonds prices go down and when interest rates go down, bond prices go up.

When looking at year-to-date bond returns, rising yields and decreasing bond prices may feel like a curse. In today's episode, Keith & Lawrence discuss why rising yields may in fact be a blessing for bond investors - and/or investor's bond allocation of diversified portfolios.

Why rising yields are a blessing for most bond investors:

• Why this has been a particularly challenging year-to-date period for bond investors (2:15)
• How much are the average bond holdings down? (3:19)
• What is driving the negative returns (4:40)
• Understanding “the gut punch” that bond investors have received from rising yields (7:46)
• The positive after-effects of higher yields (9:20)
• Two scenario analysis:
• Scenario 1: The gut punch followed by higher yields vs
• Scenario 2: The no gut punch with lower yields (10:25)
• What Canadian investors need to keep in mind about bond duration (17:06)
• Higher rates and implications for borrowers (20:47)
• Our takeaways (22:19)

Thanks for Listening!

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Kids form most of their adult money behaviours by the age of seven. How can you give your kids a head start and set them up to win with money at any age? Learning how to handle money is a lifelong process.

Today we’re joined by Will Rainey, a writer and speaker focused on helping parents and grandparents teach their kids and grandkids about money. He is the author of the children's book, Grandpa's Fortune Fables, and his website, BlueTreeSavings.com, has helped thousands of parents start talking to their kids about money.

In this episode, Will and Marcelo talk about why it’s essential to teach kids about financial values from a young age, the negative messages children receive when we avoid talking about money, children's allowances, financial incentives and punishments, how to encourage mindful spending and charity, helping kids to appreciate what they have, and so much more!

Start saving as early as possible

• Why it’s important to teach kids about financial values from a young age (1:28)
• Will’s financial resources for parents (5:31)
• How Will developed a passion for helping parents teach kids about money (7:41)
• The journey of how Will’s book, Grandpa's Fortune Fables, came to be (10:33)
• Hidden financial benefits of Grandpa's Fortune Fables for parents, grandparents and guardians (12:40)
• Why you need to teach your kids about money (13:27)
• The potential problems when you don't talk about money (16:27)
• Activities parents can do to start the money conversation with their children (19:25)
• Allowances, financial incentives and financial punishments (22:14)
• Strategies for teaching kids about patience and delayed gratification (24:26)
• Teaching kids about the value of things in a world of conspicuous consumption (30:05)
• Encouraging mindful spending and charity (32:42)
• The value of experiences (37:21)
• Learning financial literacy in schools (40:50)
• The importance of financial education for society as a whole (44:15)
• Technology as a force of good for teaching kids about money (45:36)
• Helping kids to appreciate what they have (48:45)
• Next steps for parents who are ready to work on teaching their kids about money (50:56)

Thanks for Listening!

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

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An RRSP allows you to contribute a percentage of your income each year which, unlike non-registered accounts, can grow in that account while deferring taxes until you withdraw. Later, when you stop working or reach age 71, you convert your RRSP to a RRIF (Registered Retirement Income Fund) and flip the switch from contributions to withdrawals.

In this episode, Marcelo and Lawrence talk about the main benefits of RRSPs and RRIFs, what you need to know about converting your RRSP to a RRIF, cash flow and tax considerations when drawing down from a RRIF in retirement, estate considerations for your RRIF, and so much more.

Key Topics:

• Understanding your RRSP (2:16)
• Three main benefits of an RRSP (3:23)
• The relationship between an RRSP and a RRIF (4:46)
• Differentiating between RRSPs and RRIFs and LIRAs and LIFs (6:41)
• What you need to know about withdrawing from your RRIF (8:08)
• Cash flow considerations for your RRIF payments (10:24)
• Reducing your tax obligation by basing your minimum RRIF payment on your younger spouse’s age (12:51)
• Applying withholding tax to RRIF payments for better cash flow management (14:23)
• Critical factors to think about when planning how to convert your RRIF (16:46)
• The significant impact that strategic planning can have on your estate value (18:02)
• How you can optimize your RRIF strategy if you’re still working at age 71 (23:56)
• Why you should designate a beneficiary in your RRIF (25:54)
• Final thoughts and key takeaways (27:09)
• And much more!

Thanks for Listening!

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

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As an Empowered Investor, it’s essential to understand the current economic context and how a recession could impact your investment portfolio. As financial advisors, we are here to help you move forward confidently and today are discussing the looming possibility of a recession and how you can successfully manage your money through uncertain financial times.

In this episode, Marcelo and Keith talk about the defining factors of a recession, what it means for Canadian investors, what we can learn from past recessions, the relationship between recessions and inflation, our recommendations for winning investment strategies through recessions, and so much more.

Thank you for listening!

Key Topics:

• How a recession is defined and critical indicators that must be present (2:37)
• Why a recession wasn’t declared despite declining GDP growth in the United States this year (4:14)
• What it means for the stock market to be a leading indicator of the economy (5:58)
• Major economic themes and risks we’re facing in 2022 (9:08)
• Historical trends around stock market performance before, during, and after a recession (11:58)
• Timing and why you shouldn’t wait for the market to improve before you invest (14:18)
• Coming to terms with being in a recession (16:48)
• The relationship between inflation and recessions (17:54)
• Why it’s not worth it to trade through recessions (19:08)
• The psychological aspect of living through difficult financial times (21:32)
• Favorable market trends right now (27:03)
• Top five considerations for managing your investment portfolio through recessions (28:19)
• And much more!

Thanks for Listening!

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

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In our last episode, we explored the four criteria for evaluating the value of financial advice: competence, coaching, convenience & continuity. We’re taking it further today and exploring how you can assess the process of hiring an advisor.

A good evaluation goes beyond an advisor’s financial performance. A thorough evaluation should give you a sense of their processes, structures, and how they will help you attain your goals. To help you to get the most out of your due diligence, we’re sharing our insights on which questions you should ask when trying to figure out who is the right advisor or firm for your financial circumstances. 

In this episode, Marcelo and Keith talk about how to do a self-evaluation to gain clarity on the type of investor you are and which services you need, what makes a good investment philosophy, how to test if a firm’s practices align with what they say, common mistakes investors make when evaluating advisors, and so much more.

Thank you for listening!

Key Topics:

• Why we're talking about choosing an advisor (1:48)
• Determining what type of investor you are and which services you need (2:35)
• Reviewing the competence of the advisory firm (5:15)
• Defining and aligning your investment philosophy (6:37)
• How to ask a potential advisor about their investment philosophy (9:07)
• Assessing an advisor or firm’s consistency across their client base and over time (12:00)
• Common mistakes investors make when evaluating advisors (14:06)
• Getting clear on how an advisor or firm works (17:02)
• The advantages of an advisor/coach over a facilitator (20:31)
• What excellent service should look like (23:25)
• Why your advisor needs to have a plan in place for continuity of advice for your whole family (25:40)
• Understanding your advisor’s succession plan (28:41)
• What to expect from effective discovery and proposal meetings (29:48)
• Our final takeaways (34:50)
• And much more!

Thanks for Listening!

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

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What’s the marker or gauge to value financial advice? How do investors value the benefits they receive when working with an advisor or advisory firm?

When working with an investment & planning service provider, so much of the value provided is intangible, making it difficult to quantify. At the same time, it’s crucial to be able to evaluate the service so that you can ensure you’re satisfied with the value you receive.

In this episode, Marcelo and Keith explore the concept of value of financial advice by looking at how it has been historically valued, and then introducing an evaluation framework called the 4 Cs of value of advice. This framework will help today's investors evaluate value in a world of expanding wealth management needs.

How to evaluate investment & planning advice:

• Understanding how to value intangibles like professional services (3:05)
• Three ways financial advice was valued historically (4:27)
• What research shows about active vs. passive investing (5:57)
• The evolution of financial advice (7:43)
• The 4 Cs framework (competence, coaching, convenience & continuity) for evaluating the value of financial advice (8:44)
• Characteristics that show competence in investing, retirement & estate planning, and tax services (10:16)
• How investors can benefit from getting good coaching from their advisor (14:11)
• What convenience looks like in financial services (17:28)
• The value-add brought by continuity for investors (19:16)
• Outcomes for investors who get the 4 Cs (22:17)
• Our key takeaways (24:36)
• And much more!

Thanks for Listening!

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

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Money has so many emotional connections that it’s often tricky to discuss. It’s how we acquire and utilize our resources, and it’s how we take care of the people we love. It’s even more complicated when personal money values don’t align with your partner's.

So what do you do when partners’ approaches to money don’t naturally align? How do you get on the same page to work together towards a shared vision for your future? In this episode, Marcelo and Keith talk about what they've learned from discussing finances with couples of all ages, the main ways money-related conflict shows up in relationships, the four core money value personalities, action plans and strategies for couples in different stages of life, how to approach financial planning as a couple, and so much more.

Thank you for listening!

Key Topics:

• The exciting new library initiative at Tulett, Matthews & Associates (1:12)
• Why we’re talking about money and couples (2:15)
• The three main ways money-related conflict shows up in relationships (4:49)
• How our early experiences shape our attitudes towards money (6:11)
• The four core money value personalities (9:33)
• What happens when different money value personalities come together (12:02)
• How you can increase the odds of long-term success (14:41)
• An action plan for accumulators between 25 - 60 years old (15:52)
• Why we recommend that couples share one financial ecosystem (17:06)
• The main areas of financial conflict we see in retiree couples (21:12)
• Three strategies for new couples (22:43)
• Essential conversations and action items for retiree couples (27:09)
• Our key takeaways on financial planning for couples (30:15)
• And much more!

Thanks for Listening!

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

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It's an interesting time to be an investor. Uncertainty and volatility are par for the course, inflation rates are higher than we’ve seen in decades, and interest rates are increasing.

Today we’re thrilled to be joined by fixed income strategist Sooyeon Mirda of Dimensional Fund Advisors, who has a rare ability to demystify complex subject matter with tremendous clarity. We’ll discuss interest rates, inflation, and great ways Canadian investors can approach the bond market. 

Sooyeon Mirda is a graduate of Princeton, Chartered Financial Analyst, and Investment Strategist at Dimensional Fund Advisors. Before joining Dimensional, Sooyeon worked at Goldman Sachs doing portfolio management and research for ultra-high net worth clients.

In this episode, Sooyeon and Keith talk about how fixed income has become the topic du jour, what’s driving the rise in inflation and interest rates, what you need to know about central banks, how current fixed income returns compare to previous decades, why it matters that the markets are forward-thinking, the importance of long-term strategy in investing, why a systematic approach consistently yields better results, and so much more!

Key Topics:

• Introducing Sooyeon Mirda (2:11)
• Sooyeon’s role as a Fixed Income Strategist at Dimensional Fund Advisors (4:48)
• What drew Sooyeon to the fixed income world (6:01)
• Sooyeon’s finance background before joining Dimensional (8:40)
• Why everyone’s talking about fixed income lately (9:41)
• What’s driving the rise in inflation (11:39)
• The role of central banks and their mandates (14:09)
• What the recent Fed increases mean for investors (16:59)
• Defining “hawkish” and “dovish” in the context of central banks (21:54)
• How current fixed income returns compare to previous decades (23:39)
• Why many people are excited about the near future of the fixed income market (25:19)
• Understanding inflation breakeven rates (28:29)
• What it means for investors that the markets are forward thinking (29:50)
• What central bank rate hikes actually tell us (32:39)
• The counterintuitive results of Dimensional’s research into the impact of central bank rate changes on bond returns (35:27)
• Why a long-term strategy is crucial (38:27)
• The fixed income strategy that works with the efficient market concept (40:26)
• How Dimensional thinks about expected returns in fixed income (42:33)
• Why a systematic approach consistently yields better results (45:44)
• Sooyeon’s key message for investors during this challenging time (47:38)

Thanks for Listening!

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

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Creating and periodically reviewing your will should be a priority for every Canadian. Whether you have a minor child, hold a simple RRSP or have significant financial holdings, a legal Will ensures that your estate is handled as quickly as possible, in the manner you would prefer.

Joining us to talk about creating and executing Wills in Canada is our colleague, Edmond Fhima. Edmond is a licensed financial planner at Tulett, Matthews & 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 & debt management, tax planning, investment planning, and retirement planning.

In this episode, Edmond and Keith talk about who should have a Will, when to complete your Will, why you should draft a legal Will, what assets are covered in a Will, who to consider when naming an executor, trustee or guardian, and when an estate should be distributed and so much more!

Thank you for listening!

Creating and Executing Wills in Canada

• The benefits of talking to an advisor about your will before going to a notary or lawyer (1:22)
• Why everyone with monetary or personal assets should have a will (3:18)
• The surprising ways your assets might be distributed if you pass away without a will (4:41)
• Which types of property to include in your will (7:13)
• The specific aspects that business owners need to consider (8:15)
• Why you might want to have a separate will for your foreign assets (11:21)
• The responsibilities of an executor/liquidator of a will (12:53)
• What to think about when naming an executor (15:54)
• Why your spouse isn’t always the best person to name as executor (17:39)
• The correct procedure to make minor amendments to your will (19:00)
• Identifying the right person to name as executor (20:38)
• Important information to share with your executor (22:02)
• How to share details for digital assets and accounts (24:14)
• The benefits of having a family meeting to review and disclose the contents of your will (25:09)
• The role and responsibilities of a trustee (26:25)
• Typical situations where trustees are appointed (27:00)
• Naming a guardian and your preferences for minor children (29:46)
• Why you must name replacement individuals for executors, trustees and guardians (31:02)
• The criteria that must be met before assets and income can be distributed (31:44)
• What is needed for a holographic will to be considered valid (34:24)
• How a notarial will is created (35:22)
• The probate process outside of Quebec (35:56)
• Key considerations to take into account when you get divorced (38:51)
• When a protection mandate or power of attorney is used (40:45)
• Using a holographic will as a stopgap measure (42:49)
• And much more!

Thanks for Listening!

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

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It’s been an interesting year so far. The country has opened up, and many pandemic restrictions were lifted or eased. At the same time, we feel the lasting effects on the economy and our investments.

Nine months ago, most central banks were assuring the public that inflation is transitory, supply will pick up shortly, and equilibrium is on the horizon. That has not been the case.

What does this recent stock and bond turbulence mean for you as an investor? Should you adjust your portfolio in light of current volatility? What’s the best investment strategy for an investor during times of high inflation?

In this episode, Marcelo and Keith talk about portfolios, where things are, and our recommendations for investors in terms of how to move forward. We’re looking at how different asset classes have performed, why we’re having both bond and stock returns being negative, the main drivers of inflation, what we can learn from history, our takeaways for Canadian investors, and so much more!

Key Topics:

• What it means to be in a bear market (2:10)
• Year-to-date asset class returns (2:51)
• The unique situation of having negative bond and stock returns (3:27)
• Shifting perspectives on inflation (5:04)
• The four main drivers of inflation levels (7:56)
• Continued struggles in the industries hit hardest by the pandemic (9:08)
• How inflation affects bonds (10:46)
• Why stocks are so volatile right now (11:41)
• The wide-reaching impact of rising interest rates (13:56)
• Key takeaways from inflation trends over the past 70 years (15:18)
• How our investment philosophy is helping to protect client portfolios (16:42)
• The importance of staying the course during volatile periods (19:30)
• Why this is the perfect time to add money to your portfolio (21:51)
• Maintain perspective (23:25)
• And much more!

Thanks for Listening!

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

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Today we’re talking about the recent announcement by the federal government to help more Canadians get into the housing market: the new Tax-Free First Home Savings Account (FHSA) set to be implemented in 2023.

The FHSA is the latest in a long list of investment and savings accounts available to Canadians for saving towards home ownership and retirement goals. At its core, this plan attempts to supercharge a young person's ability to save for a down payment. 

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

Thank you for listening!

Key Topics:

• Introducing the FHSA (1:15)
• Why the FHSA was created (2:48)
• How the FHSA works (4:13)
• Tax implications of your FHSA (5:58)
• Details of the FHSA that are still under review (8:00)
• Key differences between the FHSA and the Home Buyers' Plan (HBP) (11:51)
• Who will benefit the most from the FHSA? (13:18)
• How young people should be thinking about saving for their future (14:38)
• The ongoing problem with the supply side of the housing market (17:03)
• Our takeaways on the impact of FHSA’s on the Canadian housing problem (19:27)

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

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

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

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

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

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

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

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

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While we’re typically here to provide insights on financial topics, we've realized that our listeners would greatly benefit from a fresh perspective on concepts that are equally as important to their overall wellbeing.

Our first episode exploring this angle was with author Andrew Hallam. While the world's noise encourages us to think that more is better and newer is best, Andrew’s message on balance to increase happiness and satisfaction resonated loud and clear with our listeners. We knew we needed to share more.

Today we’re joined by Heather Martin, author of The Wheel of Wellness. Heather’s book presents us with not only the seven key habits of healthy, happy people but also a clear roadmap on how to implement them in our lives. With a combination of scientific research and her naturopathic experience, Heather explains why each element of her wheel matters and why they integrate well together.

In this episode, Heather and Keith talk about her motivation for writing The Wheel of Wellness, the changing public perception of wellness, the role of genetics versus lifestyle in longevity, how to start the journey of finding your purpose, and so much more!

Thank you for listening!

Key Topics:

• Introducing Heather Martin (1:57)
• Why we're talking about wellness (3:56)
• What is wellness? (6:12)
• The rising interest in health and wellness (7:26)
• Heather’s mission for The Wheel of Wellness (8:51)
• The science of wellness (10:19)
• The pioneering work of Candace Pert (11:33)
• Our evolving perspectives on wellness (13:50)
• How Heather’s mother inspired her to go deeper into wellness (16:49)
• What makes the Wheel of Wellness unique? (19:51)
• The role of genetics versus lifestyle in longevity (21:13)
• Why community is at the center of the Wheel of Wellness (23:42)
• How to start building your community (25:47)
• Eating well and the Rule of Four (29:10)
• Improving your habits with incremental changes (32:25)
• How Heather uses the 80/20 rule to find balance (33:22)
• Thinking about your lifestyle with a wider lens (35:06)
• The protective value of sleep (39:26)
• Why melatonin supplements may do more harm than good (42:16)
• Heather’s top recommendations for getting a good night’s sleep (43:30)
• How your constitution impacts your health and wellness (44:54)
• Ayurveda and the three constitutional types (46:51)
• Physiological benefits of a mindset of gratitude (50:03)
• Effects of endorphins and stress hormones on our bodies (53:14)
• Finding the cross-section between what brings you joy and your talents (56:41)
• The power of combining elements of the wheel (1:01:26)
• Key takeaways from The Wheel of Wellness (1:03:15)
• And much more!

Thanks for Listening!

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

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

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