Troutwood Speaker Series
Host: Gene Natali, Troutwood CEO
Guest: Vince Barfield, Chairman of the nearly $20 billion Hawaii ERS, Investment Committee
Topic: What It Means to Be a Trustee
Have you ever wondered how institutions manage billions of dollars? What type of approach they use and the philosophy that they apply? Each institution is different, but there are similarities and lessons that we as individuals can learn from.
Vince Barfield, is chairman of the investment committee and Trustee for the Hawaii Employees Retirement System. Vince's passion for financial education and his interest in sharing his knowledge from an accomplished career in finance, shines through in this conversation. A military veteran and longtime resident of Hawaii, Vince recently retired after 27-years at The Bank of Hawaii.
Watch the episode on YouTube with additional facts and resources.
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Learn more about Hawaii ERS: https://ers.ehawaii.gov/
Link to Hawaii ERS Investment Policy Statement: https://ers.ehawaii.gov/investments/program
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RECOMMENDED READS
►The Missing Semester: Volume I
https://www.amazon.com/Missing-Semester-Gene-Natali-Jr/dp/0985531592/ref=sr_1_1?crid=CK6WPVVZ9R5X&dchild=1&keywords=the+missing+semester&qid=1615305512&sprefix=missing+sems%2Caps%2C169&sr=8-1
►The Missing Second Semester: Volume II
https://www.amazon.com/Missing-Second-Semester-combination-opportunity/dp/098553155X/ref=pd_bxgy_img_2/138-5177923-2786648?_encoding=UTF8&pd_rd_i=098553155X&pd_rd_r=b88da4be-01fd-40f7-b5c8-fc9e6063e753&pd_rd_w=O3rfV&pd_rd_wg=Xl0LV&pf_rd_p=f325d01c-4658-4593-be83-3e12ca663f0e&pf_rd_r=AHZ13JC3Q4VF8A4BTK50&psc=1&refRID=AHZ13JC3Q4VF8A4BTK50
⏰ Timestamps ⏰:
0:45 - Introducing Vince Barfield, Chairman of the Hawaii Investment Committee, and learning about his life story
3:13 - Learning about Vince’s retirement through his role as a trustee
3:45 - Q: Are you good at being retired?
4:12 - Q: What was your first job at the age of 16?
4:42 - Q: What’s it like living in Hawaii?
7:26 - Q: What is the Hawaii Employees’ Retirement System (ERS)?
9:00 - Q: How does someone get the opportunity to participate in a pension fund?
10:36 - Q: How would you define a benefit and a pension?
12:44 - Q: What can I learn from you as a trustee of the Hawaii State Pension Plan?
16:30 - Q: How can individuals not benefitting from pension funds learn more about their retirement and benefits?
20:29 - Q: Discussing managing the Hawaii Pension fund
21:47 - Q: How important is the investment policy statement?
23:42 - Q: Do you have a favorite or most impactful moment? Learning about how Hawaii’s Pension Fund changed their strategy after the 2008 recession
28:00 - Q: How big of a factor was sticking to an investment plan during the recession?
29:31 - Q: What are your general thoughts on the importance of financial education?
31:35 - Shoutout The Missing Semester written by Gene Natali!
32:46 - Q: Is there a common question the ERS receives from retirees?
34:25 - Q: What lesson would you teach at a financial literacy class for college students?
36:28 - Q: What advice would you give your younger self?
38:27 - Thank you, Vince!
ABOUT Troutwood 👇
Troutwood provides investment and financial content that helps to remove the fear of finance and replace it with knowledge and confidence. Retirement in America is changing from employer directed to employee directed. Our objective is to help prepare individuals for this change. To help people learn to invest with understanding.
This channel allows us to share our passion for personal finance, the stock market, investing, and financial planning.
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