59. What DIY Investors Need to Succeed with Brendan Lee Young


Manage episode 302101473 series 2954051
By Mike Cavaggioni. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Join Mike Cavaggioni and Brendan Lee Young on the 59th episode of the Average Joe Finances Podcast as they talk about what DIY investors need to succeed. Brendan is the CEO and co-founder of Passiv, a portfolio management tool designed to help self-directed investors manage and grow their wealth. At Passiv, they believe that our money should work hard for us and not the other way around. And so, Passiv allows investors to easily manage their portfolios by automatically calculating trades and bringing their portfolio back on track with just one click. Today, Brendan shares experience building the software and working with DIY investors on the platform.

In this episode, you’ll learn:

● The benefits of managing your own portfolio as a self-directed investor

● The importance of being “financially woke” before using Passiv to manage your portfolio

● What other premium features Passiv provides under their yearly flat-fee subscription

● Why you should focus your allocations on index funds as opposed to speculative bets.

● How you can get started as a DIY investor with the help of Passiv and their team

● And much more!

About Brendan Lee Young:

Brendan Lee Young is originally from Trinidad and Tobago, a small twin-island in the Caribbean. He migrated to Canada to become an entrepreneur, which stemmed from his passion for financial independence. Brendan worked in the tech industry for a few years to learn how large tech corporations run. And eventually, he co-created Passiv, a portfolio management tool for online brokers, with Brendan Wood.

The idea of Passiv came about soon after Young and Wood met. They discovered they were both disillusioned with the status quo of investing: paying high fees for active management of investment products, with nothing to show for it. Then again, even when they turned to passive investing, the Brendans found there were still tedious aspects to managing their investments.

And so, Young and Wood decided to build a tool to free them from monotonous tasks, a tool that automatically calculates the trades needed to keep a portfolio close to its target allocation. After that, they soon realized that other investors would benefit from this tool, so Passiv was born. Since then, their team has grown, and hundreds of Canadians manage their money with Passiv, saving on management fees and spending less time with Excel.

Find Brendan Lee Young on:

Website: https://passiv.com/

LinkedIn: https://www.linkedin.com/in/brendanleeyoung/

Facebook: https://www.facebook.com/TeamPassiv/

Twitter: https://twitter.com/brendanleeyoung
Average Joe Finances:

Our social media links can be found here: flow.page/avgjoefinances

🌐 Check out: averagejoefinances.com

⚖️ Balance Your Portfolio with Passiv: averagejoefinances.com/passiv

🏡 Buying or Selling a House? averagejoefinances.com/realtor

🏘 Interested in getting your real estate license? averagejoefinances.com/prepagent

🎥 Use the same Audio/Video Editing Team that I use: editpods.com

📢 Host your own Podcast here: averagejoefinances.com/buzzsprout

📋 Social Media Management Tool: averagejoefinances.com/social-media

💰 Free Stocks:

· Robinhood: averagejoefinances.com/robinhood

· Webull: averagejoefinances.com/webull
📋 Consolidate debt: averagejoefinances.com/sofi-loans/

⚠️ Life Insurance: averagejoefinances.com/ladder

💎 Average Joe Finances Swag: averagejoefinances.com/resources/shop


Join me at the Real Estate Wealth Builders Conference in Phoenic, AZ this March 10th-12th.
Get your conference tickets here: https://rewbcon.com
Use promo code MIKE to get $50 off.

Support the show (https://www.buymeacoffee.com/avgjoefinances)

79 episodes