WealthBeing
WealthBeing
Sep 23, 2020
Ep. 35 – PART 1 – How markets affect our investing mindset, with Yufei Man
Play • 25 min

The way we think about money has a lot to do with our success at building wealth. But making a good decision is difficult when the markets seem to turn on a dime. In part one of this conversation, Travis and Derrickinvite Yufei Man, Director of Asset Allocation and Investment Strategyat Northwest and Ethical Investments,to talk about the factors that affect your investment decisions. 

1:30 Money Problem:In 2008, a couple of Travis’ clients had just retired when the great recession happened. They were losing sleep and wondered if they should sell all their investments to stay secure. 

4:30 Expert Examination:Derrick, Travis and Yufei Mandive into how our mindset can help or hinder our investment efforts: 

  • The type of mindsets that lead to investment failure or success. 
  • Investment strategies you can use to take advantage of market blips. 
  • Why emotional decision-makingleads you toward poor investment decisions. 
  • Recognizing normal vs significant market fluctuations. 
  • Our mindset on money in 2020. 

22:25–Weekly Financial Fix:Travis has a proactive challenge that will help you eliminate emotional decision-making when it comes to your investing choices. 

 

If you have an undiagnosed financial concern or want to better understand a financial subject, send Travis and Derrickyour question at islandsavings.ca/wealthbeing, or at wealthbeing@firstwestcu.ca, and we will consider it for a future episode. 

More episodes
Search
Clear search
Close search
Google apps
Main menu