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

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 debacle of the Archegos hedge fund
• Highlights from Warren Buffet’s annual letter to shareholders
• Bad advice of the day: “Sell in May and go away”
• Listener’s question: Why are equity expected returns so low?

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 first quarter Market Stats
• An update portfolio expected returns
• The bad advice of the day: “Buy bank sector ETFs now!”
• Listener’s question: “Can stocks crash during an economic boom?”

Links:

PWL Market Statistics

Expected Returns :

• Credit Suisse
• AQR
• Vanguard
• PWL Capital
• Cliff Asness

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: Should we fear inflation?
• An Update on the tax treatment of your investments – part 2
• Good advice of the day: “Beware of your good investing ideas!”
• Listener’s question: What is your opinion about thematic ETFs?”

Links:

Control list Tax season 2020: https://www.pwlcapital.com/wp-content/uploads/2021/03/2.1-PWL-Income-Tax-2020-Authorization-Form-Combine-T1135_New.pdf

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: Tremors in the bond market
• The tax treatment of your investment portfolio: an update
• The bad advice of the day: ““Buy high-dividend stocks”
• Listener’s question: What’s your opinion about the new Bitcoin ETFs?”

Links:

Control list Tax season 2020: https://www.pwlcapital.com/wp-content/uploads/2021/03/2.1-PWL-Income-Tax-2020-Authorization-Form-Combine-T1135_New.pdf

Nouriel Roubini articles:

2018

• https://www.marketwatch.com/story/nouriel-roubini-says-bitcoin-is-bullst-and-only-attracts-suckers-2018-05-03?mod=markets_twitter_new
• https://www.marketwatch.com/story/cryptocurrencies-wont-lead-us-to-a-bright-future-theyre-taking-us-back-to-the-stone-age-2018-05-14

2021

• https://www.wsj.com/articles/bitcoin-trades-above-50-000-for-first-time-11613479752?mod=searchresults_pos1&page=1
• https://www.marketwatch.com/story/dont-fall-for-the-bitcoin-bubble-even-the-flintstones-had-a-better-system-warns-economics-professor-nouriel-roubini-11612973303

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 Merging with a SPAC, the new exit strategy for VC-backed firms
• Are we in a stock market bubble?
• Good advice of the day: “Avoid selling short”
• Listener’s question: “What’s the role of small cap stocks in a portfolio?”