How to Invest for the Future
from The Amateur Hosted by Ryan O’Connor
Brendan is a Chartered Financial Analyst with experience in a variety of fields, such as retail investing, pension funds, private equity, and real estate. Note: At 20:45 Brendan references two charts, which you can download here: S&P500, S&P/TSX Composite Index Brendan begins by sharing how he learned about investing and how that led him into a career in finance. He outlines the basic things that every new investor should know, including the types of investments available, diversification, and fees charged by financial institutions. We discuss how goals affect our investment strategies. Brendan emphasizes the importance of knowing when you will use the money you are investing. He discusses the 60/40 rule, and what investments to start with. We touch on ECG investments briefly. Brendan teaches us how to diversify our portfolios as we expand our holdings, how to rebalance our portfolio, and how to choose a strategy that works for us. He identifies common mistakes that new investors make, things he wished he knew when he started, and some of the best investing advice he’s received. Brendan then touches on the types of tax-saving bank accounts available to Canadian investors, RRSPs and TFSAs. He concludes with his recommendations for learning more, including the Greater Fool blog and the Wealthy Barber. Thanks for listening! Visit our website where you will find all Amateur Podcast episodes, subscribe links, and the Amateur Blog.
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What this episode covers
Finance professional Brendan Brooks provides a general introduction to investing, covering topics such as types of investments, diversification, rebalancing, fees, and more!
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