EP275 Investment strategies that move from “Random Walk” to real results

The Cash Rich Exit Podcast

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1y ago 31:32

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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.

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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.

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