Although Justin Hayek is an investment advisor for PI Financial Corp, he is most definitely not your financial advisor.

In this interview Justin explained to me what the role of a full-time broker is, and the business model of brokerage firms.

We also touched on the challenges faced by the broker dealer industry, the importance of ethics in business practices, and the cyclical nature of their business.

Later on in this conversation we shifted to investment strategies and criteria in the gold market, with a focus on investing in higher-value chain companies and the significance of scale in an exploration opportunity.

Justin and I also discussed investment strategies in the commodities sector, top-down vs bottom-up approach and the importance of diversification.

Justin Hayek’s website: https://www.justinhayek.ca/

Disclaimer: The views, information, and opinions expressed in the video contained herein represents the views of the speaker(s) and not those of PI Financial Corp. (“PI Financial”), based on assumptions which the speakers believe to be reasonable. The material contained herein is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. This information is intended for use only in those Canadian jurisdictions where PI Financial is registered as an advisor or a dealer in securities. Any distribution, dissemination, or use of this information by any person or entity in any other jurisdiction, including the United States of America, is strictly prohibited. PI Financial Corp. is licensed as a broker-dealer in all provinces and territories of Canada and is a member of CIRO and the Canadian Investor Protection Fund.

Timestamps:
00:00 recap
01:12 important warning
01:43 what does a full-time broker do?
02:48 how does a broker make money?
05:50 who makes all the money in mining?
09:06 how does a broker make money for their clients?
10:48 how do you choose the right broker?
13:38 are broker reports really valuable?
19:19 do brokers also get founders shares?
20:06 what do you look for in a broker?
21:42 how do you trust a broker?
23:34 when did Justin become a broker?
24:17 what is his track record?
31:43 how does Justin make money in a bad market?
33:43 how many of Justin’s deals created shareholder value?
35:55 how does he choose the best deals?
38:33 how does Justin start working with clients?
40:31 how does he judge geological potential?
43:42 what other potentials does he look for?
46:27 is being a topical investor bad for your heart?
50:03 what is the sweet spot for buying a stock?
53:14 does he invest top-down or bottom-up?
58:52 is diversification important?
01:00:16 which companies are raising the most capital right now?
01:01:12 what stocks see the highest demand?
01:05:05 what advantages do accredited investors have?
01:06:35 can a retail investor still make money in this market?
01:10:37 is naked short selling real?
01:12:01 will Canadian pension funds be forced to invest in juniors?01:16:31 what is the final advice Justin has?
01:18:31 contact details