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Substack Podcast #016: Finance with Kevin Muir

Substack Podcast #016: Finance with Kevin Muir

FromThe Substack Podcast


Substack Podcast #016: Finance with Kevin Muir

FromThe Substack Podcast

ratings:
Length:
50 minutes
Released:
Jun 25, 2020
Format:
Podcast episode

Description

We spoke with Kevin Muir of The MacroTourist, a newsletter about trading and investing that aims to make finance fun.Formerly a proprietary trader, Kevin quit his job at a bank in the early 2000s to start working for himself, and he still trades his own capital to this day. Kevin started keeping a journal about trading, but so many people asked for his opinions that he decided to share his writing publicly. Today, he shares his passion for the markets with a loyal following of paid readers, who love his almost-daily updates on his trading portfolio and breezy, irreverent writing style. We talked to Kevin about his motivation to write about markets, how he differentiates his content from others in the finance blogging world, and how he transitioned to a 100% paid newsletter.LinksThe MacroTourist, Kevin’s newsletterKevin on TwitterThe Reformed Broker on CNBC, a finance blogger who uses Twitter effectivelyHighlights(04:26) The world of finance blogging(06:06) How Kevin uses Twitter as a tool for blogging(08:23) The start of Kevin’s writing journey and how he grew his readership (15:19) Why Kevin’s writing style is distinct in the world of finance blogs (26:13) How Kevin came to Substack after experimenting with other writing platforms, including WordPress, Squarespace, and Mailchimp(35:02) Why Kevin decided to switch to 100% paid subscriptions(42:27) How paid subscriptions allowed Kevin to learn more from his readersOn getting started:The one piece of advice I'd give is, just keep producing content, and it's going to go slow at first. But then the power, as I say, the power of compounding will cause it to accelerate.On keeping a writing schedule:I always tell them [new writers] to write and write on a regular basis, because one of the things that a lot of people do is, they go and they start writing and then they fall off. They don't bother with the discipline of it. A lot of times people are desperate for content, but what they don't want is for you to go away for two months and then you're back for two episodes and then you're gone. So I always told people to make your schedule and stick to it.On giving and receiving from readers:I realized that as people started reading it [my newsletter], it ended up being something I could give, so that I could receive back some information. And that's how it really kind of morphed for the longest time, I said, “I'm just going to write this thing, put it out there, and then I'm going to receive back as much as or all the effort that I'm putting into it.” I felt like it was coming back at me, in more than enough, to pay for itself that way.TranscriptNadia (00:27):You write The MacroTourist, which you described as an almost daily email about markets. From my poking around, it kind of looks like finance with a bunch of memes involved, and very breezy, irreverent style that definitely caught my eye. And it seems like that breezy fun style has also sort of dictated your career path. From what I can tell, you've kind of had a very interesting path of getting here from trading for other people, trading for yourself, and now also writing about trading. So yeah, just diving right into, what is your day job right now? How did you end up here?Kevin (01:02):Okay, well, in the nineties, I actually was an equity derivative trader at a Canadian large bank. And so, what they do is, we sit around and we make markets for institutions like pension funds, and we trade blocks of stocks. And in my case, I actually traded ETFs like index derivatives and other fancy stuff like that. And I was very fortunate because I got that job in the nineties when I was actually...I hadn't yet finished university. And I got the job because, as my boss told me at the time, there was guys better at computers and there was guys better at trading, but I was the right mix of both.Kevin (01:46):And back then there was very little computerized trading. And what I was...I had that ability to kind of bridge the gap. And so, I was hired t
Released:
Jun 25, 2020
Format:
Podcast episode

Titles in the series (52)

Conversations with writers, bloggers, and creative thinkers about how they got here. Produced by Substack, a place for independent writing. on.substack.com