In Episode 12 of the Rational Reminder podcast we were joined by Doug McKenzie, an executive at a large US financial institution, and a PWL client. We discussed the following:

• Attacking a retirement goal
• Managing expenses before retirement
• Toronto real estate in a retirement plan
• Living (and working through) the financial crisis
• The Investor's Group Dividend Fund
• Income investing
• Robo advisors
• Using prepaid credit cards for budgeting
• CCP vs. CPM vs. DFA
• Running regressions
• Data sources
• Come From Away
• The value of knowledge and advice

For more information or to contact Cameron and Ben, visit pwlcapital.com

In Episode 11 of the Rational Reminder podcast we discussed the following:

• Are DIY investors responsible for their actions?
• Starting a blog
• Switching from stock picking to index funds
• Managing behaviour
• The 4-minute portfolio
• When does it make sense to optimize?
• Index fund rebuttals
• Fee-only vs. fee-based advice
• Choosing a conflict of interest
• Robb's biggest beef with Canadian financial services
• Trusting the bank
• VGRO vs. robo advisors
• One-fund retirement portfolios

We were joined by Robb Engen, author of the Boomer and Echo blog.

For more information or to contact Cameron and Ben, visit pwlcapital.com

In Episode 10 of the Rational Reminder podcast we discussed the following:

• Grass fed beef
• The benefits of independence
• The Ontario government wants to keep the deferred sales charge (DSC)
• DSC back in the day
• The old financial advice model
• DIY investors are responsible for their decisions
• 1/3 of people say money is their biggest stressor
• Locus of control
• A better way to invest responsibly

The stories that we talked about:

• Investment industry stunned as Ontario opposes proposed ban on mutual fund early-withdrawal fees
• Ontario's Ford government is shamefully backing the investment industry over investors
• Advocis Welcomes Statement from Minister Fedeli
• Controversial commissions: DIY investors fight back against trailer fees
• How We Really Feel About Money, in a Few Simple Graphs
• Busting the RI performance myth
• Responsible/ESG investing

For more information or to contact Cameron and Ben, visit pwlcapital.com

In Episode 9 of the Rational Reminder podcast we discussed the following:

• Being a poor grad student
• Budgeting
• Stuff does not make you happy
• Mental overhead is a real cost
• The Globe's Financial Facelift disaster
• Rob Arnott's slam of Dimensional
• Are people afraid of stocks?
• The 10-year anniversary of Lehman's fall
• Stories from the financial crisis
• Volatility in dollars vs. percentage points
• Automated rebalancing
• My uncle told me to buy weed stocks
• What does a rational investor worry about?

The stories we talked about:

• Great savers, not so great at investing
• Psychic Trauma
• How the Financial Crisis Still Affects Investors

The chart we talked about:

For more information or to contact Cameron and Ben, visit pwlcapital.com

In Episode 8 of the Rational Reminder podcast we discussed the following:

• Fidelity's 0% MER index funds are already at $1 billion
• When costs are 0%, how do you pick a fund?
• Indexing is not a passive investment strategy
• Index construction and product implementation > low fees
• A three factor regression on the Manulife Multifactor ETFs
• Indexing is still a tiny part of the market
• Not all factors belong in a portfolio
• Dividend investing shouldn't be so controversial
• Dividends are not a spending rule
• Financial experts don't sound like experts to non-experts
• Sell everything!

The stories we talked about:

• Fidelity Zero-Fee Funds Lure About $1 Billion in First Month
• Infographic: Three myths related to indexing
• What Does it Mean to be a Financial Expert?

The charts we talked about:

Image Source: Vanguard

For more information or to contact Cameron and Ben, visit pwlcapital.com

In Episode 7 of the Rational Reminder podcast we discussed the following:

• Ottawa home prices
• The longest bull market in history
• What goes up does not have to come down
• All time highs are normal and should be expected
• Is the market overvalued?
• Even the CAPE only explains 40% of future return differences
• Should you dollar cost average or invest in a lump sum?
• Your better off in the market than trying to time the market
• Was WEED an obvious buy at $2.00?
• There are still plenty of public companies to invest in
• Small cap returns need to be taken in context
• Bad behaviour is not always easy to spot

The stories we talked about:

• The longest bull run in history comes with a jumbo-sized asterisk
• All time highs are normal
• What if investing right before a market crash isn't that bad?
• Is Now the Best Time to Invest?
• With Constellation Deal, Canopy Has the Chance to Be Google of Pot
• The Stock Market Is Shrinking. That's a Problem for Everyone.

The charts we talked about:

Image source: Dimensional Fund Advisors

Image source: Ben Felix, PWL Capital

For more information or to contact Cameron and Ben, visit pwlcapital.com

In Episode 6 of the Rational Reminder podcast we discussed the following:

• Subscribe to the podcast on iTunes!
• Wealthsimple's new no-commission trading platform
• Do individual stocks ever play a role in a financial plan?
• Can behavioural coaching be scaled?
• Being aware of conflicts of interest
• Wealth and happiness are not always connected
• If you buy an R8, you'll want a McLaren next
• Retiring does not mean doing nothing
• How do you retire without a financial plan?
• The 4% rule is false! If you want to retire early
• Asset location is hard to do, and might not add value

The stories we talked about:

• Wealthsimple CEO Katchen says he would 'certainly' consider IPO
• The best of Carrick on Money: Who wants to retire really early, anyway?
• Asset Location
• Asset Location Gets REALLY Complex
• "Optimal" Asset Location, Applied

For more information or to contact Cameron and Ben, visit pwlcapital.com