Unconventional Wisdom

Invest a Lump Sum or Bit-by-Bit. Which Is Smarter?

You have a lump sum of cash and you're trying to figure out how to invest it.

The stock market seems pretty turbulent at the moment, so you may be wondering if you should invest your lump sum all at once or bit-by-bit.

Maybe you got a big bonus, a lump sum from Smith Manoeuvre, or a large amount of money to invest.

What to do?

In my latest podcast episode, you'll learn the pros and cons of both strategies, so you can decide what's right for you.

• Discover dollar cost averaging (industry jargon for investing bit-by-bit).
• How to beat the index with dollar cost averaging.
• The pros and cons of dollar cost averaging.
• How often should you invest bit-by-bit?
• Should you trust your gut when investing?
• What does conventional wisdom say about dollar cost averaging?
• Studies of investing with a lump sum vs. bit-by-bit.
• How often does the stock market go up?
• What growth focused investors do.
• What is the right and wrong type of risk?
• What is smartest for people with a Financial Plan?
• What is Ed's advice?

I've talked with thousands of Canadians that will not have the life they want because their advisor gave them bad advice.

Why do they stick with their advisor?

I've heard it over and over again. They say: "because he's a nice guy".

The advice here is, you need a competent advisor & real advice, not a nice advisor.

A competent advisor might be really great to work with too, but this is the type of advice you need, so you should beware of who you trust with your finances.

In my latest podcast episode I give you ideas on how to discover if you're currently working with a "nice" advisor, and what type of financial advice you really need for a successful and secure retirement.

Listen to find out:

• How does a "nice" advisor kill your financial future?
• Signs you got caught up in the "nice" advisor trap.
• What's wrong with staying with a nice advisor?
• Why don't advisors give real advice?
• What is real advice?
• Why does everyone need a Financial Plan?
• Top 4 reasons for not getting a financial plan.
• Benefits of having a financial plan.

How can you get above index returns?

Index funds and ETFs deliver below index returns. With global equities, their returns are typically 0.5 or 1% below the index.

So how can you beat the index?

In my latest podcast episode I offer two paths to achieving above index returns.

You'll also learn about:

• How to identify All Star Fund Managers who beat the index based on skill.
• How most people pick funds vs the skilful way to do it.
• The best way to identify the skill of a fund manager.
• Why Ed's skill isn't in predicting funds, but in choosing the right fund managers.
• How many fund managers Ed Rempel's team has chosen who have beaten the index.
• Why you want to work with the Tom Brady or Warren Buffet of investing.

Optimism is the Only Realism.

You'll learn why in my latest podcast episode.

I feel compelled to talk about optimism for two reasons:

1/ Optimism is absolutely necessary for financial success – effective investing and financial planning. You need to feel you will be better off in the future you are building and you need to be confident in your investments long-term.

2/ Many young people are pessimistic today. They believe the world is in decline because of issues like climate change, and that the world is unfair with inequality.

Listen to this podcast episode to find out:

• The beauty of capitalism.
• Putting climate change into perspective.
• Benefits of a free market.
• Reliability of the stock market long-term.
• A book I recommend, which proves the world is getting better every decade.

Can you fund your retirement from your corporation?

That's the question I answer in my latest podcast episode specifically for business owners, where I go in-depth into tax planning & efficient investment strategies when owning a corporation.

It may seem complicated (if you're talking to your accountant), but this podcast episode breaks down basic and advanced principles, to make it easy for you to effectively use your corporation as part of your retirement plan.

Listen to find out:

• Why you should invest inside your corporation.
• Is investing inside your corporation better than RRSP or TFSA?
• How investment income is taxed in a corporation.
• Simple rules for tax-efficient investing.
• Advanced investment strategies.
• Common mistakes by business owners.
• Retirement planning for business owners.

Many people who work with us to figure out their retirement plan, have created a financial plan before.

You can get a financial plan from a bank, online methods, financial advisor or fee-only financial planner, but often these financial plans fail. They do not give you the life you want.

In my latest podcast episode, I outline what is wrong with most financial plans, how we create retirement plans with our clients, and exactly what you need to be confident in your future.

Listen to find out:

• How do we know most financial plans fail?
• What exactly is a retirement plan?
• Common bad assumptions.
• Why bad assumptions are used.
• Why you need a growth mindset.
• Risk of a Fear-Based Mindset.
• Generic plan vs. custom plan.
• Importance of confidence in your plan.
• "One option plan" problem.
• How an "interactive financial plan" gives you confidence.
• "Interactive Financial Plan" Process.
• Why you need a higher risk tolerance.

You want to retire soon. What is the best way to set up your retirement income to give you the maximum income that will reliably last the rest of your life?

Many financial planners have come up with 5 rules of thumb when it comes to retiring.

They appear to be common sense and are usually accepted without question.

However, are they really good advice?

In my latest podcast episode, you'll find out:

• The 5 rules of "conventional wisdom".
• Advice typically given to seniors.
• Ed's analysis of these rules after studying 146 years of investment history.
• Ed's rules of thumb that he personally recommends to his clients.
• How to use the 4% rule depending on your investments.
• How to properly set up your portfolio and manage your income when you retire.

The Canadian Financial Summit is the #1 personal finance event of the year.

And we're only one week away!

Once again I'll be one of the speakers this year with three talks, and I'll be joined by over 35 other Canadian personal finance and investing experts such as Rob Carrick from the Globe and Mail, Ellen Roseman former Toronto Star columnist, and Jonathan Chevreau from MoneySense & Financial Independence Hub.

As a listener of the Unconventional Wisdom podcast, you can get your FREE passes for a limited time here:

FREE Pass www.edrempel.com/summit

With your FREE pass, each morning, all the talks for the day will be available to you for a few days. If you want to access them forever, you can purchase an All Access Pass for $89.

My three talks are:

Thursday, October 19:

Friday, October 20:

All Access Pass Members ($89 upgrade)

How to Design Your Retirement Income: An Overview

Listen to my podcast episode to get a sneak peak into what I'll be talking about.

Some more info about the talks:

• It's 100% online so you can stream all the talks right from your computer/tablet/phone.

• You don't need to go anywhere or buy anything.

• You can forward this to any of your friends to give them a FREE ticket.

Here is your Free pass. See you at the Summit!

FREE Pass www.edrempel.com/summit

Right now everyone is talking about the economy…

Interest rate hikes.

High inflation.

Out-of-control government spending.

Decline in global trade.

Possible looming recession.

So what do you do if you have money in the stock market?

In my latest podcast episode, you'll learn why the economy is not relevant to investing, and how it might be the best time to invest in stocks.

Listen to find out:

• The actual correlation between the economy and stock market.
• The stock market vs. GDP by country.
• Why the economy is NOT relevant to investing.
• How you should be thinking about stocks.
• Warren Buffet's take on the stock market.
• Why it's a good buying opportunity in the market right now.
• What makes an All Star Fund Manager?

Financial Planning is not about the money itself. It is about what the money will do in your life.

A plan is not a bunch of numbers – it is about your life.

Our clients find that our planning meetings are actually fun.

For example, we ask clients: "What's important about money to you?" The #1 & #2 answers we get are security and freedom.

They want to know there will always be enough income for their family, for emergencies, or for things important to their lifestyle. Or they want to know they can be free to enjoy life without having to worry about money.

A plan can help you and your family achieve financial security.

This podcast episode will highlight why you DO NOT get financial security by paying off debt and safe investments. It comes from having a huge nest egg.

You'll learn:

• The meaning behind a "Zero Plan".
• How to think about investing for success.
• The strategy my company uses for long term growth.
• Why we invest with "All Star Fund Managers".