Відео

Absolutely love the comparative analysis of REITs to a small value + high yield bond portfolio. Really changed the way I think about REITs. One point I think is missing from the discussion here that I'd love to hear your take on is taxes. At least in the US, REITs typically don't pay any corporate taxes because they're required to distribute the vast majority of their earnings as dividends. The tradeoff is that investors in taxable accounts generally have to pay higher ordinary income tax rates on those dividends rather than the more favorable capital gains tax rates. Should we expect this unique tax structure for REITs relative to other equities to translate into higher expected pre-tax returns, which could then be realized as higher actual expected returns if investing in a tax advantaged account?

Thanks for this. I'd really like to see a video on the tontine based products coming onto the market. Being billed as VPLA's I believe? "Variable Payment Life Annuities". I think these are an interesting offering for Canadian retirees to watch over the coming years.

Watching the crypto market's ups and downs shows how quickly things can change. In crypto, strategic, informed trading isn't a choice; it's a must. Remember, caution is as crucial as ambition here. This dedication to continuous learning is inspiring...managed to grow a nest egg of around 1.2Biitcoin to a decent 11.4Biitcoin... I'm especially grateful to Linda Wilburn, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape…..

Love these shows. Thank you!

I started investing about 6 years ago, and WS was where I got started. I was one of those people looking for a "passive" index-based strategy, and I've considered leaving a couple of times in the last 2-3 years based on their fiddling with the portfolio. Really good to know that I can request a buy-and-hold. Outside of their "managed" accounts, I have a self-directed account that just holds VEQT, but I don't 100% trust myself to stick to the plan, so I'm willing to pay for a slight barrier between me and my investments that comes with the managed accounts. They were also super responsive when I had tax-related questions a couple of years ago. So, not at Generation yet, but their 100k+ service has been minimal but very quick and efficient.

I have to mention the reason I found out about this podcast is the financial planner I had a WS mentioned Ben's research during a check in. It was specifically about being more heavy in equities when young and the whole argument if bonds are even needed. Furthermore, they are all fiduciaries and make sure to mention it😂. They speak highly of you guys....before I even knew of PWL. Keep up the great quality work!

There is a option in WS where u can auto invest portion of your paycheck in ETFs and stocks this is hands down the best feature that will help average investor to get average returns for above average time.

I love this and see things pretty much the same way he does. I'm not into grinding out 80 hour weeks ever though. That said, I think the FIRE community has gotten soft. You've gotta put in the work early on and it will probably suck, but there is no way around it.

Does anybody get any actual actionable information from podcasts like these? Curious to hear which information you have used directly in your own portfolios.

I love this podcast and I listen to it religiously. I realise that it is a podcast that morphed into a youtube, but I have difficulty following multiple numbers and statistics when read out. I understand that this would require more preparation, but I would really appreciate if a table could be displayed with the statistics while they are read out, like what Mark did when discussing the fees. Regardless, thanks for the magnificent work you do on this fantastically educative channel !

Ben always compares the US to Latvia and Romania and other small countries that aren't even close in comparison. The US has the most powerful military in the world, largest GDP by far, huge land mass with tons of resources, two coasts, business friendly, not a socialist shithole, top universities, etc. Enjoy the doom and gloom with your 2% withdrawal rate. I'm going to be enjoying the retired life at 3.5% and if shit happens then I'll adapt. Trust me guys, THIS time is different. Why would anyone invest everything into the small stock market of a tiny country that makes up less than 10% of global GDP? Such data is irrelevant.

Hello, I use WS. Even though I only have the trading account, which is free, I can access their financial planning services. There are two tiers, one at 100k (minimal tax and financial advice) and another at 500k (full advice).

Interesting episode guys. Question: Does the calculus on permanent life insurance policies change at all if held within a corporation and so benefits from a tax deduction on the premium (but not any additional over contributions)? Thank you!

While savings rate is important..one of the biggest things that influence the savings rate will be income and/or reducing expenses. Working on achieving more skills and climbing the income ladder.

I'm a little late to the party here as I just got around to listening this, but here are my 2c. Given that all of this is true, this dudes dilemma is similar to the heat death of the universe. Yeah sure, it's eventually gonna happen, but it's so far out that people shouldn't really care. Why would I even bother stressing about this? He even says it in his own words, there's literally nothing YOU can do about it (so you might as well just keep indexing). Similar to the heat death, there's no solution to this unless someone smarter or more powerful figures it out when the time comes. That being said, this was a banger episode and was a really fun listen, was one of my favourites.

I'm out now. Have been a trader since 2015. Worked for an investment company. My advice: gtfo.

Keep the episodes LONG! We are here for the details and nuance, we can listen to Bens CSI videos if we want a shorter format

Bland hosting. Guest was great tho.

Isn’t dalio a known quack?

Legend has it that both these dudes are still reiterating how great a communicator Dan is😂

Amazing discussion.

Dan is a legend and someone that changed a ton of people's lives. Reading his content time and time again in my 20's was and is still a highlight for me. Justin Bender is equally great who has taken the time to reply to my emails as recently as 6-12 months ago (when he didn't have to). Forever indebted! If only I could say my thanks to them in-person at some point, that would truly be an honour.

I hope Ben Felix listened to his advice and put some money into diversified index funds 😅 also 32:48 the most shade thrown haha.

I keep coming back to this interview with Sebastien Betermier. It's rich in insights and mind-shifting concepts, including non-firm factors based on investor characteristics and human capital as a key factor for systematic decision-making in portfolio management. A true gem. Loving this podcast!

In a well run economy where politicians cannot put tax money into corrupt politically based projects the fiat currency is backed by real production of goods and reflects the value in exports and imports as reflected in parity purchasing power. Only when production or productivity increase should the money supply increase. Instead governments use inflation to control real wages and transfer wealth from the poor to the rich and by allowing fractional banking destroy the economy.. For most countries like the USA and UK the Central Bank is owned and run by the large private banks as a way of screwing taxpayers who end up with the risks and debts as in 2008.

How would you describe crypto investors - how about suckers typical of those who get taken by Ponzi schemes.

My personal finance journey started with Dan - I am greatly indebted to him. Great interview as always!

Thank you for bringing Dan to the podcast. He is my financial hero. He started my financial education and defined my investing strategy since I came across a Money Sense magazine in a fertility clinic's waiting room. I became a subscriber. I started reading Dan's blog when he started it, listened to his podcast and bought "Reboot your portfolio...", I set up re-balancing excel sheets (a nightmare). I was one of those weird people who chose to spend a sunny Saturday morning listening to him (twice) about personal finance. Since I left Canada a few years ago, I have spread the index and passive investing message to anybody who would listen to me. I have helped replicating CCP-like portfolios with my non-English speaking family and friends in Europe. Thanks to him and his works more than a few families benefit from well-diversified low-cost portfolio passive/index investing. Well beyond Canada. Thank you thank you thank you.

At 1:02:30, Ben mentions in passing that wealth creation is different from returns in a portfolio. I don't understand the difference. Can someone shed some light on this?

Thanks Mate, the sad truth is that no one has a clue, we all react to what happens as it happens and try to analyse it but can’t predict an iota of what is going to unfold in the markets… content creators are like amplifiers, when times are good they affirm it and try to tell you why it’s good and that it’s looking bullish but then all of a sudden the market turns bearish and everyone affirms it again and try to analyse why… it’s so sad that many are so powerless and it's not about guessing the market's next move; it's about playing it smart and steady during trading...managed to grow a nest egg of around 2.3Bitcoin to a decent 19Bitcoin in the space of a few months... I'm especially grateful to Linda Wilburn, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

I agree that Dan is a legend. Took the words out of my mouth

I've been waiting for this episode since the Rational Reminder podcast began, being a huge Canadian Couch Potato fan whose life was forever changed by reading Dan's website. A decade later, I'm still 99% in Dan's camp with a small tilt to small-cap value inspired by Cameron and Ben (and Paul Merriman). But, Dan, you're totally the superstar in my financial journey - I cannot thank you enough for the wisdom you provided on your Canadian Couch Potato website.

Yo he seemed upset at times.

Dan is a legend in the index investing world, great episode.

I owe Dan a debt of gratitude. His couch potato portfolio is the first approach that made any sense to me and I have been doing it ever since.

When I started on the road to learning about personal finance, I emailed Mr. Bortolotti with some very basic questions. I didn't even expect a reply, but he took the time to answer me and has done so many times thereafter. That says it all.

I am forever grateful to Dan for his teachings over the years - all the way back to his time at MoneySense magazine. Using his insights and teachings I was able to retire comfortably at 55. He is right up there with the Wealthy Barber 👍

I had no idea Canadian couch potato is a PWL advisor!!! I entered the workforce in 2012 and the modeled portfolios on Dans blog was my guiding star and still is.

Your guest is a breath of fresh air confirming that there are experts that can tell crap from gold and as Charlie Munger of Berkshire Hathaway, another realist, aptly puts it trading in Bitcoin is like trading in turds.

I am new to investing and the Rational Reminder, Justin’s index videos and the Canadian Couch Potato have had most profound impact on changing my worldview.

What a great interview. Finding Dan Bortoletti's podcast all those years ago was the best thing that ever happened to me as a DIY investor. It set me on the right path and because of it I was able to retire early on my couch potato portfolio.

Cameron, Ben, Dan, and Justin all belong on the "Mount Rushmore" of (Canadian) rational financial education! Thank you very much for all of the education that all of you have provided!

Somewhat refreshing to see the guys "unprepared" for an episode. It makes me feel like my questions are not as idiotic as I think they are.

22:12 _"She can't use a phone, go out in the light, has to wear sunglasses all the time... when we have to send documents we need to mail everything in paper form to a solicitor in London..."_ She may have turned into a vampire.

Good estate planning information

Psychopath.

That was the worst RR episode I have ever heard.

I'm honestly shocked at how much insurance you guys have. We only spend $55k per year... To get $4m of life insurance we'd have to spend an extra $2.5k pa, and I don't know what my wife would do with $4m anyway, we're simple people. To me, you should only have enough insurance to make sure that you can't be ruined financially by mishaps like disability or a house fire. I'm not interested in seriously penalizing our current selves so that my wife might get a huge windfall one day. I would rather keep expenses as low as possible while living a good life, eliminate debt and build a portfolio so that life insurance isn't required at all.

Great episode again gentlemen. I am a general sales manager at a car dealership in Vancouver BC area. Been listening to your podcast since day 1. Feel the need to leave a comment today regarding your collective conversation about the car purchasing experience. Would love to give you guys all the insight you need to purchase vehicles effectively moving forward. For most people’s second biggest purchase in life. It is mind boggling how little people know about the process and how to protect themselves against unsavoury practices. Insight I can provide might be very useful to all your listeners. Nothing bothers me more than having a big portion of the population not enjoy the experience I try to provide on a daily basis due to a large percentage of dealerships conducting business like it is the 80s. I know you guys had another car guy on in the past but it was not very informative to listeners on how to navigate purchases and lease vs finance discussion. If you want to connect let me know how. I do not use social media.

It feels quite cringe when very wealthy people talk about insuring their families. You've already made it. By the way, Marc, did you inherit most of your wealth? Even if you die, your spouse will not suffer from poverty. Maybe they'll have to sell their yacht, but that would be the worst that happens to them. Now let's talk about us - the "normal" people who have to balance conflicting goals like life and disability insurance, saving in an ETF, and not living too frugally. These are difficult topics. It's not about multimillionaires outdoing each other regarding all kinds of insurance. For many of us, finding a balance between security and quality of life is a real challenge. We need to ensure that we're covered for any eventuality without overly restricting our present lives. Life and disability insurances aren't luxury items for us but necessary safety nets. Likewise, we want to save and invest for the long term, for instance, in ETFs, to prepare for the future. At the same time, we want to live well in the here and now without constantly worrying about money. Finding this balance is a genuine challenge and is very different from the concerns of the wealthy, which often revolve around luxury goods and status symbols. We should focus on the real, practical aspects of life and find solutions that are relevant and achievable for the majority of the population.