If you’ve ever felt overwhelmed by the sheer volume of choices and voices in the Canadian financial services industry, The Empowered Investor Podcast can transform your investment experience and increase your odds of becoming financially secure – forever.
With his simple, straightforward approach, host Keith Matthews cuts through the noise to help you make better decisions and discover the best investment and planning strategies for you and your family.
As a portfolio manager and advisor at Tulett, Matthews & Associates, Keith has spent twenty-five years helping investors achieve their financial goals using the same planning and portfolio principles discussed in The Empowered Investor podcast. Always an advocate for investors, Keith has spoken at global conferences, been quoted in many Canadian newspapers and magazines, and recently published the new and revised 4th edition of his book, The Empowered Investor.
To learn more about Keith’s client advisory services or to request a complementary copy of the latest edition of The Empowered Investor, please visit www.tma-invest.com
In this episode, Lawrence Greenbergand Jackson Matthews break down how young Canadians in their 20’s and 30’s should approach investing and building a strong financial foundation.
They walk through the biggest challenges beginners face, from information overload to the fear of making mistakes, and explain how to simplify the process. The conversation covers the different ways to start investing, whether through traditional banks, robo-advisors, or DIY platforms, and how to choose the right approach based on your level of involvement.
They also explain how to prioritize accounts like the FHSA, TFSA, and RRSP, and why understanding their tax advantages can significantly impact long-term wealth. Beyond that, they highlight the importance of diversification, avoiding stock picking, and keeping fees low.
Throughout the episode, the focus remains on building good habits early, staying disciplined, and letting time and compounding do the heavy lifting.
Key points from the episode:
- Why young investors struggle to get started (01:29)
- Investment options: banks, robo-advisors, and DIY platforms (02:12)
- How robo-advisors like Wealthsimple simplify investing (03:00)
- DIY investing and the role of ETFs (04:00)
- Introduction to the FHSA and how it works (06:28)
- Why the FHSA is a powerful “hybrid” account (06:38)
- Understanding the TFSA and its flexibility (08:39)
- Long-term power of tax-free growth in a TFSA (10:02)
- How RRSP contribution room works (11:16)
- Tax benefits and income optimization with RRSPs (12:38)
- Employer matching and why it’s free money (13:29)
- When to use a non-registered account (16:05)
- Why stock picking underperforms the market (18:15)
- What the SPIVA report reveals about active management (19:22)
- The power of starting early and compounding (21:46)
- How fees impact long-term returns (24:04)
- Final takeaway: build habits, stay disciplined, and think long term (25:59)
Thanks for Listening!
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