Smart Advice with Carissa Lucreziano
Business:Investing
Investing for success: Key strategies to build long-term wealth
In a world of financial uncertainty and rapid market changes, long-term investing success can be achieved by focusing on the areas and strategies that are within your control. You've undoubtedly heard that investing is an excellent way to build wealth, but there's more to investing than simple tricks like "buy low, sell high".
This episode dives into a compelling conversation with Michael Keaveney, Vice President of Managed Solutions at CIBC, as he describes the key habits of successful investors including investment diversification, investing regularly and staying disciplined amid market volatility.
Both novice and seasoned investors can leverage the insights and strategies discussed in this episode to enhance their portfolio and effectively manage their financial future.
Here are three reasons you should listen to this episode:CIBC Asset Management insights hub: Preparing your portfolio for market volatility
CIBC Smart Advice hub: Three tips to make your regular investments work harder
CIBC Investor’s Edge poll: Many Canadians’ financial strategies overlook investing
Episode Highlights[00:22] Economic Outlook and Market Conditions
[01:17] Carissa: “Everyone has a different investment goal, different appetite when it comes to volatility and duration in the market.”
[02:31] Realistic Expectations and Investment Diversification[05:50] Michael: “Markets are not linear in the return path that they generate for you. A lot of your overall return comes from a relatively small number of really good periods. And we don't know exactly when those best times will come.”
[08:42] Michael: “Diversification reduces volatility due to less than perfect correlation between asset classes.”
[18:21] Michael: “There's always going to be something in the portfolio that is the laggard. That's the whole point.”
[23:20] Michael: “Fear is not conducive to long-term success.”
Michael Keaveney is the Vice President of Managed Solutions at CIBC. With a strong background in investment management, Michael leads the development and oversight of CIBC’s managed investment solutions. He is known for his expertise in portfolio management, investment strategies, and client-focused financial planning.
Michael has played a pivotal role in evolving CIBC's balanced portfolio offerings, including increasing foreign exposure and alternative investments. His work with Morningstar also gave him powerful insights into the investment behaviour of several demographics. His approach emphasizes investment diversification, disciplined investing, and helping clients navigate market volatility with confidence.
Connect with Michael Keaveney on LinkedIn
Enjoyed this Episode?If you did, be sure to subscribe and share it with your friends!
Post a review and share it! If you enjoyed tuning in, leave us a review. You can also send this with your friends and family and share valuable insights into how investment diversification becomes your shield against volatility.
Have any questions? You can connect with me on LinkedIn or through CIBC’s Facebook, Twitter, or Instagram.
Thanks for tuning in! For more updates, visit our website. You can also listen to more amazing episodes on Spotify or Apple Podcasts.
Create your
podcast in
minutes
It is Free