Efficient Markets

Welcome back to Efficient Markets

Nick Murray's writing has had a big impact on me and how I advise clients.  Today I go through the 6 keys to the upper reaches of investing that Nick lays out in his book "Behavioural Investment Counselling".  

I believe that if an investor can get these 6 steps right, their long term returns will beat the majority of their friends, neighbors, and family members...and probably most professional investment managers as well.

Links and notes will be posted on my website this week.  Thanks for listening!

Mark

Thank you for tuning in.

On today's episode I talk about the resent resurgence of the value factor.  Being a value investor has been difficult over the past 10 years, especially in the US.  But, the dramatic rebound in the value factor has given investors a nice "shot in the arm" and a reminder that factors can show up quickly and forcefully.

I also talk about Larry Swedroe's research on the reason that we own factors.  We own unique risk factors for diversification purposes.  Any factor, including market beta, can go through long periods of underperformance.

Detailed charts, links, and notes can be found on my blog at www.walhoutfinancial.ca/podacst

Thanks for listening.

Mark

Welcome back to Efficient Markets.

Today we talk about high flying growth stocks being added to the S&P 500.  We compare them to the stocks that are removed from the index to make room for them.

Which stocks do you think outperform going forward?  The answer might surprise you.

Blog post and show notes can be found on my blog this week at www.walhoutfinancial.ca/podcast

Thanks for listening!

Mark

On today's show we talk about the good and the bad of retirement saving rules of thumb.

Detailed blog and links can be found on my website at www.walhoutfinancial.ca/podcast

Thanks for listening!

Mark

Hello,

On today's episode, I talk about concentrated stock portfolios.  This past year has been the year of the "meme" stock and investors have been piling into the market.  You might wonder, should I pick individual stocks to get wealthy in the stock market?

I explore some data from DFA that looks at the cost of missing out on the biggest winners in the global stock market.  Yes, owning a concentrated portfolio is a good way to out-perform, but you stand the same chance to dramatically under-perform a simple, broadly diversified portfolio of index funds.

Detailed notes, charts, and links can be found on my blog at www.walhoutfinancial.ca/podcast

Thanks for listening!

Mark 

In today's episode I talk about some key takeaways from the SPIVA Scorecard for the year ending December 31, 2020.

The SPIVA report looks at the performance of actively managed funds vs. their benchmarks.  The results continue to demonstrate that investing in low-cost, transparent index funds/ETF's are a smart long-term move for investors.

Links, Charts, and Show notes will be available on my blog this week at www.walhoutfinancial.ca/podacast

Thanks for listening!

Mark

Fingers crossed, universities and colleges will be opening their doors to students starting this fall. 

As parents and students are getting their planning underway, I have received some questions about RESP withdrawals.  Specifically, what is the best way to tax-efficiently withdraw funds from an RESP account?

In this episode I explain the different components of an RESP, how each of them are taxed, and a strategy for using up your student's low income tax brackets to make withdrawals from an RESP.

Detailed blog and links will be available this week at www.walhoutfinancial.ca/podcast

Thanks for listening,

Mark

On today's episode we talk about options for short term savers right now.  Interest rates are low right now.  This is great for borrowers and people who own assets.  But, for the person who is looking to save short term money, it's very challenging.

I talk about 3 options for people who have short term money that they want to put to work and give my recommendations.

Show notes and links will be on my website this week at www.walhoutfinancial.ca/podcast

Thanks for listening!

Mark

Today we talk about inflation, including:

1) What is inflation?

2) Is Inflation Good or Bad?

3) What is "Good Inflation"?

4) Why are people worried about inflation?

5) What does the market expect inflation to be?

6) What can you do about inflation?

7) What about Hyper-Inflation?

8) Action Items

Links will be posted on my blog this week at www.walhoutfinancial.ca/podcast

Thanks for listening,

Mark

On this special episode, I describe what I believe at the 3 investing superpowers.

Enjoy!

Mark