‘The people that you think don’t need advice, need advice the most’
Who Is Justin Lacchin (IPC Investment Corp., Mowbray Wright Financial Inc.):
Justin joined Mowbray, Wright Financial in 2018 as a valued Partner and Financial Advisor. He began his career in financial services in 2012 at ScotiaMcLeod, developing his skills in wealth management, financial planning and client services. At the core of Justin’s planning philosophy, is the belief that individuals should use a long-term, holistic approach to evaluating their personal financial decisions as if they were running their own business. Drawing from his own background advising high-net-worth clients as well as his partner’s combined expertise, Justin’s goal is to grow his client’s wealth by collaborating with them on their unique priorities so that individuals, families, and businesses can achieve their desired goals & dreams.
What We Talk About On This Episode of The Andrew Bilak Show:
What is a Financial Advisor
What is Financial Literacy
How to get started with investing for your future
The perception of a financial advisor
What Justin does as financial advisor
What to look for in a financial advisor
What an advisor means when they talk about a ‘Financial Plan’
Why your advisor needs to understand your goals before they offer you anything
The 4 step process you should keep in mind when starting with a Financial advisor
Why compounding is the most important thing you need to understand
The difference between active investing vs passive investing
What a Management Expense Ratio (MER) is and why not knowing how it works will kill your investment strategy long-term
Time in the market is more important than timing the market
Why Warren Buffet's Will has his entire portfolio switching to ETF's once he passes away and why that's an important lesson for you
The single greatest reason why millennials need to start investing their money in the stock market today
Different investment vehicles
Top 3 tips for millennials on saving and investing in the market today
Saving and investing with your spouse/partner
How mastering your emotions will save you so much money when it comes to investing
How to removing behavioral mistakes when it comes to investing
Resources:
website: wwwmwfi.ca
Instagram: @mwfinc
Linkedin - Justin Lacchin
Book Resource: Nick Murray - Simple Wealth, Inevitable Wealth
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