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Are you truly diversified? Know your blind spots
Investing has never felt more personal. Canadians today have more access to markets, investing tools and financial information than ever before, but with constant headlines, social media advice and investing trends competing for attention, staying engaged can quickly turn into reacting to short term noise.
How do you stay informed without getting caught up in investment FOMO? And how do you build a portfolio shaped by discipline rather than drift or personal bias?
In this episode of CIBC Smart Advice, host Carissa Lucreziano sits down with David Wong, Group Chief Investment Officer at CIBC Global Asset Management, to discuss DIY investing, portfolio drift and the blind spots that can quietly undermine diversification.
- Learn how portfolio drift can quietly change your investment strategy over time
- Discover why investment FOMO and overtrading can hurt long-term returns
- Understand how diversification and discipline help investors navigate market uncertainty
● CIBC's "Smart Advice" Podcast and Website - Website | Apple Podcasts | Spotify | Amazon Music
● Visit CIBC for more Smart Advice
David Wong is Group Chief Investment Officer, CIBC Global Asset Management. He is responsible for CIBC Global Asset Management’s managed solutions investment process and portfolio management. His Total Investment Solutions team helps determine asset allocations and portfolio construction, researches and evaluates managers, and monitors investments across the firm’s roughly $80 billion managed solutions programs. The team is also responsible for trading execution, beta management, and performance and risk oversight across all of CIBC Global Asset Management.
In addition, David is a member of the CIBC Family Office Leadership Team and provides institutional asset allocation advice to ultra-high net worth individuals and families.
David joined CIBC Global Asset Management in July 2011 and previously served as Managing Director, Investment Management Research until June 2021. He has more than 26 years of industry experience in New York and Toronto.
Connect with David Wong on LinkedIn.
[01:40] Why DIY Investing Feels More Personal Than Ever
Carissa and David discuss why more Canadians are taking a hands-on approach to investing, and how greater access to information, markets and investing tools has fundamentally changed the way people think about building wealth.
[04:11] The Rise of “Finfluencers” and Investment FOMO
David breaks down new OSC research on social media investing behaviours, emotional decision-making and why online investing culture can encourage overtrading and unnecessary risk.
[05:51] The Hidden Risk of Overactivity
The conversation explores how emotional investing, poor timing and frequent trading can create “behaviour gaps” that negatively impact long-term portfolio performance.
[07:30] Building a Portfolio Around Discipline, Not Headlines
David explains why successful investing is less about chasing shortcuts and more about creating a long-term plan built around savings discipline, diversification and compounding.
[13:53] What Portfolio Drift Actually Looks Like
Using the Canadian and U.S. markets during the 1990s and early 2000s as an example, David explains how portfolios can quietly become unbalanced over time and why rebalancing matters.
[17:28] AI, Market Noise and the Danger of Prediction
The discussion turns to artificial intelligence, market headlines and investing trends, and why preparation and diversification matter more than trying to predict what happens next.
[21:58] The Investing Habits That Matter Most
“You're never fully diversified until there's something in the portfolio that you don't like.”
David shares the investing philosophies and mindset shifts that have shaped his approach after nearly three decades in the industry.
Enjoyed this Episode?
If you did, be sure to subscribe and share it with your friends!Hosted on Acast. See acast.com/privacy for more information.
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By CIBCInvesting has never felt more personal. Canadians today have more access to markets, investing tools and financial information than ever before, but with constant headlines, social media advice and investing trends competing for attention, staying engaged can quickly turn into reacting to short term noise.
How do you stay informed without getting caught up in investment FOMO? And how do you build a portfolio shaped by discipline rather than drift or personal bias?
In this episode of CIBC Smart Advice, host Carissa Lucreziano sits down with David Wong, Group Chief Investment Officer at CIBC Global Asset Management, to discuss DIY investing, portfolio drift and the blind spots that can quietly undermine diversification.
- Learn how portfolio drift can quietly change your investment strategy over time
- Discover why investment FOMO and overtrading can hurt long-term returns
- Understand how diversification and discipline help investors navigate market uncertainty
● CIBC's "Smart Advice" Podcast and Website - Website | Apple Podcasts | Spotify | Amazon Music
● Visit CIBC for more Smart Advice
David Wong is Group Chief Investment Officer, CIBC Global Asset Management. He is responsible for CIBC Global Asset Management’s managed solutions investment process and portfolio management. His Total Investment Solutions team helps determine asset allocations and portfolio construction, researches and evaluates managers, and monitors investments across the firm’s roughly $80 billion managed solutions programs. The team is also responsible for trading execution, beta management, and performance and risk oversight across all of CIBC Global Asset Management.
In addition, David is a member of the CIBC Family Office Leadership Team and provides institutional asset allocation advice to ultra-high net worth individuals and families.
David joined CIBC Global Asset Management in July 2011 and previously served as Managing Director, Investment Management Research until June 2021. He has more than 26 years of industry experience in New York and Toronto.
Connect with David Wong on LinkedIn.
[01:40] Why DIY Investing Feels More Personal Than Ever
Carissa and David discuss why more Canadians are taking a hands-on approach to investing, and how greater access to information, markets and investing tools has fundamentally changed the way people think about building wealth.
[04:11] The Rise of “Finfluencers” and Investment FOMO
David breaks down new OSC research on social media investing behaviours, emotional decision-making and why online investing culture can encourage overtrading and unnecessary risk.
[05:51] The Hidden Risk of Overactivity
The conversation explores how emotional investing, poor timing and frequent trading can create “behaviour gaps” that negatively impact long-term portfolio performance.
[07:30] Building a Portfolio Around Discipline, Not Headlines
David explains why successful investing is less about chasing shortcuts and more about creating a long-term plan built around savings discipline, diversification and compounding.
[13:53] What Portfolio Drift Actually Looks Like
Using the Canadian and U.S. markets during the 1990s and early 2000s as an example, David explains how portfolios can quietly become unbalanced over time and why rebalancing matters.
[17:28] AI, Market Noise and the Danger of Prediction
The discussion turns to artificial intelligence, market headlines and investing trends, and why preparation and diversification matter more than trying to predict what happens next.
[21:58] The Investing Habits That Matter Most
“You're never fully diversified until there's something in the portfolio that you don't like.”
David shares the investing philosophies and mindset shifts that have shaped his approach after nearly three decades in the industry.
Enjoyed this Episode?
If you did, be sure to subscribe and share it with your friends!Hosted on Acast. See acast.com/privacy for more information.