WealthBeing
WealthBeing
Oct 6, 2021
Ep. 81 - Riding waves of recessions, with Mark Moreland
Play • 42 min

They're always lurking behind the corner, waiting for the next upset or event to leap into the news and wreak havoc on our thinking about financial markets. Recessions are inevitable, and this week our co-hosts, Kevin, Sheena and Travis, are thrilled to chat with Mark Moreland, CFO at First West Credit Union, about why the markets can become so volatile, what you can do about it, and how our credit union reacts to make sure you stay financially healthy.

2:30 – Hot In Money: What is a wealth tax, and is it a good idea?

6:10 – Expert Examination:

  • Where are we at today in the market? 
  • What a "recession" means economically the impact on our budgets. 
  • Why unexpected events (like the pandemic) are so impactful on market cycles
  • How Government decisions and actions affect market trends. 
  • What happens after a recession
  • How a financial institution like First West protects and support members' financial health during a recession.

40:00 – Financial Fix: Kevin shares one question to ask your advisor that will help you know if you're prepared to weather the next market correction. 

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If you have an undiagnosed financial concern or want to examine a financial subject, send Kevin, Sheena and Travis your question at wealthbeing@firstwestcu.ca, and we will consider it for a future episode.

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WEALTHBEING HOSTS

Travis Koivula

Senior Wealth Advisor | Senior Investment Advisor 

Island Savings Insurance Services | Credential Securities

Travis has been serving the financial needs of members in the Credit Union system since 2007 and is one of the most accredited financial advisors in Canada. He holds the globally recognized Charted Financial Analyst (CFA) designation, is a Certified Financial Planner, Canadian Investment Manager (CIM), Fellow of the Canadian Securities Institute (FSCI) and a Chartered Strategic Wealth Professional (CSWP).

Sheena Sanders

Wealth Planning Specialist, Valley First

As an accredited Certified Financial Planner, a Registered Retirement Consultant and a Responsible Investment Specialist, Sheena's array of knowledge and experience means that no question goes unanswered and no opportunity ignored. For people who seek help with retirement, education, investment, and succession planning, Sheena is a natural person to have on their team. 

Kevin Lehman

Regional Manager, Business Banking, Envision Financial

When asked who has made the biggest impact in your life, does your financial advisor come to mind? If you've met Envision Financial’s Regional Manager of Business Banking, Kevin Lehman, he's likely one of your personal game-changers. After attending the University of the Fraser Valley, Kevin’s search for new opportunities led him to Envision Financial and it is here that his "seize the day" approach to life propelled him to complete the Canadian Investment Funds Course, receive his mutual fund license and lead a team of business banking advisors to help local companies thrive.



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