How has your thinking about investments changed over the years – or even this year? Our risk tolerance never stays the same, and this week, Travis and Derrick continue a conversation with Yufei Man, Director of Asset Allocation and Investment Strategy at Northwest and Ethical Investments, about how to make the best investment decisions in 2020 and beyond.

2:00 Money Problem: Like many people in 2020, Travis’ client was getting cold feet about keeping his money invested this year.

3:45 Expert Examination: Derrick, Travis and Yufei Man dive into how our mindset can help or hinder our investment efforts:

• Pros and cons: investing in guaranteed investments only.
• Willingness and ability – how to discover your own risk tolerance.
• Why you’ll always be behind trying to “time the market.”
• The market outlook for 2020 and 2021.
• Will Canada’s debt burden drown market growth?
• Managing the mental stress of changing markets.     

23:20 – Weekly Financial Fix: If the markets are messing with your positive outlook about investing, Travis has an easy suggestion to restore your confidence.

If you have an undiagnosed financial concern or want to better understand a financial subject, send Travis and Derrick your question at islandsavings.ca/wealthbeing, or at [email protected], and we will consider it for a future episode.

On every episode

Being in good financial health makes you feel at ease every day. You are free to pursue your goals and prepared to manage your future needs. Could your pocketbook be in better shape? 

If life has thrown you a financial curveball, or if you just want to be more in control of your money, tune-in to WealthBeing. Every week, we diagnose a spending, saving, borrowing, investing, or other financial problem to provide simple advice that can help you thrive.

Our WealthBeing Hosts

Travis Koivula

B.Eng, CFA, CFP®, CIM, FCSI, CIWM

Senior Wealth Advisor | Senior Investment Advisor 

Island Savings Insurance Services | Credential Securities

Travis has been serving the financial needs of members in the Credit Union system since 2007 and is one of the most accredited financial advisors in Canada. He holds the globally recognized Charted Financial Analyst (CFA) designation, passing all three tests on his first attempt. In addition he is a Certified Financial Planner (top 1% of his class), Canadian Investment Manager(CIM), Fellow of the Canadian Securities Institute(FSCI) and a Chartered Strategic Wealth Professional(CSWP).
 
 Born and raised in Kamloops, Travis completed his Bachelor of Engineering degree at the University of Victoria and developed strong ties to the Capital region. Inspired by the work of Warren Buffett and Peter Lynch, he switched paths and turned his hobby and love of investment strategy into a career. Travis specializes in working with Island Savings members who are US citizens and transferring American assets to Canada. He has extensive experience in retirement income and estate planning and enjoys helping members find ways to maintain a steady income when they are no longer working.

Derrick Sketchley

Branch Manager, Island Savings, Westshore

From work to play, Derrick is always helping people live well. As manager of Island Savings' Westshore branch, he leads a team to help members become educated and feel confident about their financial picture. Throughout his eight-year career in the financial industry, Derrick has helped people understand how to set and meet goals that take care of their immediate needs, family finances, long-term aspirations, and retirement. He believes that simple financial planning starts with trusted advice, and leads to a more fulfilling life.

Derr