In this episode of Capital Topics, James Parkyn, François Doyon La Rochelle and Raymond Kerzérho discuss the following portfolio management and financial planning subjects:

• In the news: Caisse de Dépôt sells a portion of its Canadian bank stock holdings
• Main topic: Emerging Markets equity
• Good advice of the day: “Consider buying Canadian-listed ETFs for US and international equity”
• Listener’s question: “Are Individual bonds less risky the bond ETFs?”

Links:

Credit Suisse Global Investment Returns Yearbook 2021

Bonds: Individual Securities or ETFs?

In this episode of Capital Topics, James Parkyn, François Doyon La Rochelle and Raymond Kerzérho discuss the following portfolio management and financial planning subjects:

• In the news: A hacker steals $600 million worth of cryptocurrencies
• Main topic: Registered Education Savings Plans
• Good advice of the day: “Don’t Chase Performance”
• Listener’s question: “How should I establish a target asset mix for my inapt mother?”

Links:

Canada Education Savings Program: 2020 Annual Statistical Review

Canada Student Loans Program: Actuarial Report - July 2019

RBC Financial Planning: Your guide to saving for a child’s post-secondary education

In this episode of Capital Topics, James Parkyn, François Doyon La Rochelle and Raymond Kerzérho discuss the following portfolio management and financial planning subjects:

• In the news: The Bridging Finance debacle
• Main topic: The high cost of investing in hedge funds
• Good advice of the day: “Buy and hold” beats “buy low and sell high”
• Listener’s question: “Should I open an RESP for my grandchildren?”

Link:

The Terrible Truth about Hedge Funds

In this episode of Capital Topics, James Parkyn, François Doyon La Rochelle and Raymond Kerzérho discuss the following portfolio management and financial planning subjects:

• The Bank of Canada pares back its bond purchasing program
• Preparing for the risk of a cognition loss
• Good advice of the day: “Alternative investments are not a solution to low bond yields”
• Listener’s question, who asks: How should I evaluate the performance of my individual stock portfolio?

Links:

Bank of Canada press release

In this episode of Capital Topics, James Parkyn, François Doyon La Rochelle and Raymond Kerzérho discuss the following portfolio management and financial planning subjects:

• Our mid-year review of asset class returns
• An inside look at central bank issued digital currencies
• Good advice of the day for an investor who bailed out of stocks and would like to reinvest.
• Listener’s question: “I am afraid that U.S. stocks are very expensive and may underperform for several years to come. What should I do?”

Links:

PWL Market Stats (June 2021)

In this episode of Capital Topics, James Parkyn, François Doyon La Rochelle and Raymond Kerzérho discuss the following portfolio management and financial planning subjects:

• In the news: The results of CPP Investments
• Inflation is back: What’s the impact on your portfolio?
• Good advice of the day: “Rebalancing your portfolio is a good retirement habit”
• Listener’s question, who asks: Should I realize taxable losses on some of my investments now or later?

Links:

CPP Investments web site

Research Report: Rebalancing

In this episode of Capital Topics, James Parkyn, François Doyon La Rochelle and Raymond Kerzérho discuss a variety of topics related to portfolio management and financial planning. Episode # 19 is all about the launch of “The Seven Deadly Sins of Investing” eBook, which aims to educate the public about common mistakes - even among highly informed and experienced investors - that plague returns and unduly increase risk.

Main Link:

• E-Book: The Seven Deadly Sins of Investing

Secondary links - a few other posts cited in this episode:

• Classic article by Michael Jensen (1968) about the performance of mutual funds
• Summary of the article by Meir Statman (2004) on portfolio diversification
• Classic article by Mark Carhart (197) explaining that winning funds in the past provide little information to identify winning funds in the future

In this episode of Capital Topics, James Parkyn, François Doyon La Rochelle and Raymond Kerzérho discuss the following portfolio management and financial planning subjects:

• In the news: The ban on mutual fund Deferred Sales Charges in Ontario
• A study with surprising findings from Dartmouth University about the behaviour of Canadian financial advisors
• Bad advice of the day: “ETFs are not enough to build a good portfolio, add individual stocks!”
• Listener’s question, who asks: Should I start cashing out of my RRSP progressively now or defer it as much as possible?

Links:

Ontario Securities Commission press release on the ban of DSCs

Darmouth University study abstract

In this episode of Capital Topics, James Parkyn, François Doyon La Rochelle and Raymond Kerzérho discuss the following portfolio management and financial planning subjects:

• In the news: The outbreak of Initial Public Offerings
• The Passive Vs. Active Fund Monitor
• Good advice of the day: “Reading Financial News: The Top Ten Avoidable Distractions!”
• Listener’s question: “Should I borrow against my home equity line of credit to invest in the markets?”

Links:

The Passive Vs. Active Fund Monitor

Reading Financial News: The Top 10 Avoidable Distractions

In this episode of Capital Topics, James Parkyn and Raymond Kerzérho meet with Alain Desbiens, director for Quebec and Eastern Canada at BMO ETFs. Alain provides us with a bird’s eye view of millionaires in Canada and worldwide.

Discussion points:

• The definition of a high, very high and ultra high net worth individual
• Where does their wealth come from?
• Their asset mix across public market holdings, private holdings, real estate, etc.
• The main interests and passions of wealthy individuals
• The distribution of wealth in Canada and Quebec.
• And much more!

Links:

Report of the Parliamentary Budget Officer on the distribution of wealth in Canada

Credit Suisse Research Institute: Global Wealth Report 2020