Ep. 51 – Bursting your beliefs about asset bubbles, with Robin Marshall
24m
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WealthBeing
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What do tulips, tech, and Tesla all have in common? They are all examples of how one of the most precarious investment events–assets bubbles–affect our financial health. Most of us have been tempted to “get in on the game” when a sector or stock rises steeply, which is why Derrick and Travis invited Island Savings’ Director of Wealth, Robin Marshall, for a conversation about how to manage your money when an asset bubble could pop-up up at any moment.
1:10 Money Problem: When a client of Derrick’s got excited by the investment growth his friends were making on cannabis stocks, he wanted to jump into a risky trading pool.
3:20 Expert Examination: Travis, Derrick and Robin examine asset bubbles of the past to learn how they happen, and how to handle them:
· Defining an asset bubble.
· How asset bubbles are created.
· Famous asset bubbles.
· What happens to an asset bubble after the peak?
· Should you avoid investing in an asset bubble or can it be strategic?
· What to do if you’re trapped in a bubble?
23:20 Weekly Financial Fix: Before you throw all your savings into the “hot new investment,” Travis has a tip that will help you consider how you’ll cope if things don’t turn out well.
If you have an undiagnosed financial concern or want to better understand a financial subject, send Travis and Derrick your question at islandsavings.ca/wealthbeing, or at [email protected], and we will consider it for a future episode.
On every episode
Being in good financial health makes you feel at ease every day. You are free to pursue your goals and prepared to manage your future needs. Could your pocketbook be in better shape?
If life has thrown you a financial curveball, or if you just want to be more in control of your money, tune-in to WealthBeing. Every week, we diagnose a spending, saving, borrowing, investing, or other financial problem to provide simple advice that can help you thrive.
Our WealthBeing Hosts
Travis Koivula
B.Eng, CFA, CFP®, CIM, FCSI, CIWM
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, passing all three tests on his first attempt. In addition he is a Certified Financial Planner (top 1% of his class), Canadian Investment Manager(CIM), Fellow of the Canadian Securities Institute(FSCI) and a Chartered Strategic Wealth Professional(CSWP).
Derrick Sketchley
Branch Manager, Island Savings, Westshore
From work to play, Derrick is always helping people live well. As manager of Island Savings' Westshore branch, he leads a team to help members become educated and feel confident about their financial picture. Throughout his eight-year career in the financial industry, Derrick has helped people understand how to set and meet goals that take care of their immediate needs, family finances, long-term aspirations, and retirement. He believes that simple financial planning starts with trusted advice, and leads to a more fulfilling life.
Ask Derrick for help and he'll give you 110%, believing that the result of his effort will pay-off in multitudes. Whether he is helping his family, friends, or Island Savings' members, Derrick is always happiest when he's making a difference. He believes that a strong community leads to stronger, happier individuals.
The episode Ep. 51 – Bursting your beliefs about asset bubbles, with Robin Marshall from the podcast WealthBeing has a duration of
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