Hello! I’m Colleen O'Connell-Campbell, back with another exciting episode of "I'm a Millionaire. So, Now What?" In this episode you’ll find the second installment 📚of our book club trilogy. In conversation with Alicia Castelino, Senior Relationship Manager of the Wealth Management Group at Dimensional Fund Advisors Canada, I bring you insights from "A Random Walk Down Wall Street" by Burton Malkiel. It’s one of the 3 foundational investing books I recommend all members of the Self-made Nation read as you define and execute your investment philosophy.
Key takeaways:
📈 The "random walk" theory says that future stock price movements cannot be predicted based on past prices. Malkiel claims day-to-day returns are essentially random.
⏰ Why trying to "time the market" or pick individual stocks is unlikely to beat broad market returns over the long term.
📊 How passive investing in index funds/ETFs can provide market returns without the need for speculation.
🎯 The importance of understanding that an investment portfolio is only one piece - you need an overall financial plan tied to your personal goals.
This episode is packed with valuable insights and actionable tips. Whether you're an experienced investor or beginning your financial path, this chat will give you much to consider.
🌟 Enjoy the show? Please be sure to leave a 5-star rating to support my commitment to bring you the topics and voices that will add to your plans for a cash rich exit from your business when you are ready.
****
I’m a Millionaire! So now what? is brought to you by O’Connell-Campbell Wealth Management at RBC Dominion Securities.
All opinions expressed by the host, Colleen O’Connell-Campbell, and podcast guests are solely their own opinions and do not reflect the opinion of RBC Dominion Securities.
This podcast is for informational purposes only before taking any action based on information in this podcast you should consult with a qualified professional.
Colleen O’Connell-Campbell is a Wealth Advisor at RBC Dominion Securities, a member of the Canadian Investor Protection Fund.
EP295 Strategic Exit Planning
EP294 Embracing Vulnerability in Leadership - A Path to Authentic Strength
EP293 The Power of Vulnerability in Business
EP292 From Lens to Legacy - Crafting a Brand Beyond the Individual
EP291 Crafting Culinary Excellence
EP290 Brewing a Non-Alcoholic Business Revolution
EP289 Building a business that changes the women’s sportswear story
EP288 How to Craft an Epic, Legacy-Defining Business Exit
EP287 Building a Brand That Supports your Cash Rich Exit
EP286 The Art of Accounting for Small Businesses
EP 285 A treasure trove of business brilliance from twelve titans
EP284 Capitalizing on growth for a cash rich exit
EP 283 Maximizing Business Valuation
EP282 The Roadmap to a Successful M&A Journey
EP281 Exiting Your Supply Chain Business (A Niche Perspective)
EP280 Smart Strategies to Maximize Your Business Sale
EP279 Cashing Out: An Expert's Guide to Selling Your Business
EP278 Introducing 'The Cash Rich Exit Podcast', your guide to intentional business exits
EP 277 Secrets of the Self-Made: investing lessons from classic books (and the final chapter)
EP276 ‘Trillions’ made simple: demystifying Index Funds and ETFs
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
NABOR® TALKS
U.S Property Podcast
Aligned Money Show
The Ramsey Show
Planet Money