Episode 270: The Rise of DIY Investing Among Young Canadians

2024-08-06

Welcome to another episode of Think Smart with TMFG, hosted by Senior Financial Advisor Rob McClelland and Mike Connon of Assante Capital Management. In this episode, we delve into the growing trend of young Canadians choosing to manage their own investments, bypassing traditional financial advisors. We explore the factors driving this shift, such as the increased reliance on social media for financial advice and the impact of recent market conditions. We'll also discuss the potential...

Welcome to another episode of Think Smart with TMFG, hosted by Senior Financial Advisor Rob McClelland and Mike Connon of Assante Capital Management. In this episode, we delve into the growing trend of young Canadians choosing to manage their own investments, bypassing traditional financial advisors.

We explore the factors driving this shift, such as the increased reliance on social media for financial advice and the impact of recent market conditions. We'll also discuss the potential pitfalls of DIY investing, including the challenge of distinguishing good advice from bad on platforms like YouTube, Instagram, and TikTok.

Rob and Mike highlight the importance of professional financial advice and the value it adds, from behavioral coaching to tax-smart planning. They also examine how robo-advisors are performing and why not all of them are created equal.

Tune in to understand the nuances of this trend and how it could affect your financial future. Don't forget to subscribe for more insights on achieving your best retirement ever!

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