- Listen to it on Apple Podcasts.
- Listen to it on Spotify.
- Listen to it on YouTube Music or YouTube
- Listen to it on Audible and Amazon Music
Have you ever felt that knot in your stomach watching the stock market tumble, especially after you’ve just invested some of your hard earned money? Have you ever wondered how seasoned investors with large amounts invested handle those gut-wrenching portfolio drops?
Well in this episode, we’re tackling market volatility head-on. Our guest Marc Beavis is a seasoned investor who’s lived through multiple major crashes over the decades, and he shares powerful mindset shifts and actionable strategies to help you stay calm, stay invested, and stay on track—even when the headlines scream chaos.
I also share my own strategies that have helped me stay calm, anxiety-free, and stay invested after nearly two decades of investing which has played a huge impact in helping us achieve financial independence in our early thirties.
Discount Link Mentioned in the Episode:
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About Our Guest:
One of the reasons that I really wanted to have Marc on the show is that:
- He’s been in the industry for decades working with clients, so he’s got not only wisdom on what has helped him stay the course over the decades with multiple stock market drops, but also what has worked well for others that he’s worked with; Canadians with different personalities and temperaments.
- He’s retired and in his 60’s so he actually has real life experience going through the crashes with a significant amount of his own money invested, like in the 2008 financial crisis and the tech crash in the 2000s, just to name a few.
- He also runs one of the largest Canadian investing YouTube channels in Canada, called Beavis Wealth, so despite retiring, he’s still very much on top of what’s been happening and what we can do to better handle declines in our own portfolios.
Thanks to Marc’s help, you’ll learn the mindset shifts needed to endure significant declines, and discover proven strategies for staying calm and confident when your investments plummet.
You can learn more from Marc Here:
A Big Thanks to Our Guests:
A Big Thanks to Our Sponsors:
Saily – Get 15% Off Saily Data Plans!
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If you’re travelling abroad, you need a reliable, fast and secure internet connection on your phone. Not just for safety, but so you can actually enjoy your trip, and not constantly be searching for free wifi at potentially shady locations where often you get an unsecured connection which can pose a security risk.
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Now you could buy a local SIM card once you arrive at your destination, but that’s a hassle since when your plane lands you’ve got enough on your plate, and now you have to go hunting for a SIM card provider and hope that they don’t rip you off or give you a SIM card that doesn’t even work.
That’s why when I took my kids to Costa Rica recently, I made sure that I had my data needs covered BEFORE I left for the trip. It was less stress, one less thing to worry about when I arrive, and especially if there’s a flight delay or any issue, I knew I’d have data the moment the plane lands so I can figure things out right away instead of scrambling to get an internet connection somewhere.
Saily is available in over 200 countries, they have a 4.7/5 star rating based on over 57 thousand reviews, and you can get an exclusive 15% discount on their data plans by downloading the Saily app and using the code “buildwealth” at checkout.
ETF Market Insights and BMO ETFs
Catch the latest episodes on YouTube Here.
There are so many opinions on how to invest your money today, but it can be hard to find credible voices to rely on in the world of finance and investing.
One resource I turn to every week is the ETF Market Insights YouTube channel, led by today’s episode sponsor, BMO ETFs.
Market Insights brings in industry experts and their weekly episodes cover the hottest themes like inflation, infrastructure, healthcare, and more. Tuning in helps me stay up-to-date on what’s happening so I can be a smarter investor. You can also submit your own ETF questions, to be answered on the show.
Do yourself a favour and subscribe on YouTube to ETF Market Insights, or visit ETFMarketInsights.com so you can be notified when future episodes go live.
Sun Life MyRetirement Income:
Learn more at: BuildWealthCanada.ca/myretirementincome
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Introducing Sun Life’s MyRetirement Income solution. This is available for those who have, or have ever in the past had a Sun Life group savings plan through their employer.
This solution is created for those who are nearing or in retirement and want to receive income tailored to a target age.
How MyRetirement Income works is that you pick a target age you want your money to last until: Such as ages 85, 90, 95 or 100.
Then, the solution offers a unique blend of income and growth potential to help your money last until your chosen target age.
This automated process eliminates the need for repeated reassessment.
With this solution, your payments will be deposited directly into your bank account while still having the opportunity for your investments to grow.
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To learn more about if Sun Life MyRetirement Income is right for you, visit BuildWealthCanada.ca/myretirementincome to schedule an appointment with a Sun Life retirement consultant today.
“Views from the Desk” Podcast
On this podcast, we often cover best practices that can not only help you now, but will also be relevant throughout your investment lifetime. But what if you also want an update on what is happening with your investments, the markets, and the economy right now?
To help me stay up-to-date on these topics, a great Canadian podcast that I listen to weekly is called “Views from the Desk” (Apple, Spotify, Direct).
They provide timely information for us Canadians on what is happening to our investments right now, as well as other key factors affecting us like changes to our interest rates, our inflation, and regulatory changes that we should know about.
The podcast is hosted by BMO ETFs. I’m a huge fan of theirs, I own a lot of BMO ETFs myself, and it’s a great free resource for both new and existing ETF investors.
I hope you check them out. All episodes are available for free in your favourite podcast player. Just search for “Views from the Desk” or click one of the links below:
BMO Asset Allocation ETFs:
Asset allocation explains over 90 per cent of the variation in a portfolio’s quarterly returns, so it’s no wonder Canadian investors are turning to these ETFs!
Today’s sponsor, BMO ETFs, offers these innovative all-in-one solutions with the BMO All-Equity ETF (ZEQT), BMO Growth ETF (ZGRO), BMO Balanced ETF (ZBAL), BMO Conservative ETF (ZCON), and more. BMO developed these to help provide investors with ETFs that offer broad diversification and are also low-cost and simple to use.
These ETFs invest in a number of underlying index based ETFs and are rebalanced automatically back to your set asset allocation or mix of stocks and bonds. They offer a hands free approach to investing that is built on disciplined weights to provide exposure to different geographies and sectors all in one solution.
BMO actually offers eight asset allocation ETFs. Learn more at BMOETFs.com.
Questions Covered:
- Can you set the stage by giving us a background on the stock market crashes that you’ve been through, and what were some of the worst declines that you experienced during this time?
- When you encountered significant drops, such as seeing your portfolio drop by 20% or more, what sort of thinking or mindset helped you endure seeing your net worth drop so substantially?
- You are retired now, but back in your working years, you’ve spent decades working with clients helping them get through these difficult stock market drops as well. When you encountered a client who was anxious and distressed about seeing their investments plummet, what have you found worked well in terms of advice you could give them to calm them down, reduce their anxiety, and not have them panic sell?
- Now that you are in retirement, I recall the last time we spoke that you have adjusted your portfolio to be less volatile during market downturns. In other words, instead of fully optimizing for maximum growth, you’ve shifted the portfolio to focus a bit more on lowering its volatility and preserving your capital during downturns. Can you speak to your thought process when doing this type of shift to your investment portfolio?
- Follow up: What specific types of investments did you start utilizing to not just have a portfolio of 100% stocks?
- Is there anything that you were hoping we could cover today that we haven’t spoken about yet?
- Tell us more about where we can learn more from you? and any other educational resources that you’d like to highlight.
Disclaimer:
This podcast presentation is for informational purposes only. No part of this presentation may be reproduced, stored in a retrieval system or transmitted, in any form or by any means, electronic, mechanical, recording or otherwise, without the written permission of BMO Investments Inc. or BMO Asset Management Inc. (collectively, BMO GAM).
For greater certainty, no part of this presentation may be provided to investors and/or potential investors without the written permission of BMO GAM. The information contained herein is not, and should not be construed as, investment advice and or tax advice to any individual. Investments should be evaluated relative to the individual’s investment objectives and professional advice should be obtained with respect to any circumstance. This communication is intended for information purposes only. Any statement that necessarily depends on future events may be a forward-looking statement. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Although such statements are based on assumptions that are believed to be reasonable, there can be no assurance that actual results will not differ materially from expectations. Investors are cautioned not to rely unduly on any forward-looking statements. In connection with any forward-looking statements, investors should carefully consider the areas of risk described in the most recent simplified prospectus. BMO GAM undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.
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