The Empowered Investor

What were the key financial trends that shaped 2024? How did the markets perform across various asset classes? And what can investors learn from a decade of market data to position themselves for the future?

In this episode, Keith Matthews and Marcelo Taboada provide a comprehensive breakdown of 2024, from asset class returns to geopolitical and economic factors that impacted the markets. Marcelo shares personal milestones from the year, while Keith discusses lessons learned from market trends and the importance of diversification amidst narratives of "U.S. exceptionalism."

They also address what the performance of the last decade reveals about long-term investing, touching on inflation, interest rates, and the resilience of global stock markets.

Join us as we reflect on the past and look forward to 2025, equipping you with essential insights to remain grounded and confident in your investment strategy.

Thank you for tuning in!

Key Topics:

• Introduction and Personal Highlights (0:00)
• Marcelo’s milestone: Becoming a new parent (1:17)
• Marcelo becoming a shareholder at Tulett, Matthews & Associates (2:10)
• Keith’s personal life update: Downsizing and moving to a smaller home (3:02)
• Overview of 2024 asset class returns (5:00)
• Cash and bonds performance (5:45)
• Stock market highlights: Canadian stocks up 21.6%, U.S. stocks up 35.6% (6:18)
• REITs performance: Global REITs vs. Canadian REITs (6:52)
• Currency impact: Canadian dollar depreciation vs. USD (7:44)
• 60/40 portfolio recovery after the tough 2022 market (8:02)
• Interest rate cuts: Bank of Canada vs. U.S. Federal Reserve (9:32)
• Inflation trends and economic outlook (10:37)
• U.S. exceptionalism and the Magnificent Seven's market dominance (13:00)
• Performance comparison of global markets over the past decade (14:30)
• Lessons from the U.S. stock market’s “lost decade” (2000–2010) (18:08)
• Bonds vs. inflation over the past decade (22:04)
• Political events and democratic elections in 2024 (24:12)
• The importance of diversification and resisting market narratives (26:01)
• Final reflections and optimism for 2025 (28:03)

And so much more!

Mentioned in this Episode:

• Tulett, Matthews & Associates

Thanks for Listening!

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