As we continue to answer your questions from our most recent AMA, Ben, Mark, and Dan begin today’s episode with Bitcoin and how its value as an investment has changed over the years. Then, after briefly explaining how to find short clips of this podcast online, we discuss why many companies choose not to list directly on the TXS, how to implement factor investing without factor EFTS, the best way to invest if you could only make one EFT investment in your lifetime, and, and understanding buffered EFTs and market-linked GICs. We also cover expected returns in a corrupt market, return stacking for individuals, academia versus real-world applications, and why stock valuations will never be the same as they were in the past. To end, we look at lump sum investing versus dollar-cost averaging, what to remember regarding asset allocation, how we rebalance portfolios here at PWL Capital, and we wish Ben well as he awaits his diagnosis.
Key Points From This Episode:
(0:03:30) Unpacking the value of Bitcoin as an investment; past, present, and future.
(0:09:58) Why we don’t use YouTube Shorts anymore and how to find our bite-sized clips.
(0:10:29) Understanding why many companies refrain from directly listing on the TXS.
(0:11:29) An interlude on how we take care of our bodies.
(0:14:22) Implementing factor investing without factor ETFs, and Manulife’s multifactor ETFs.
(0:19:21) What we would do if we could only invest in one ETF until retirement.
(0:22:23) Buffered EFTs and market-linked GICs.
(0:26:15) Market efficiency and expected returns in a low transparency/high corruption market.
(0:29:50) Whether return stacking is a good idea for individuals, and unpacking leverage.
(0:40:44) Balancing proven business philosophies with academic thinking.
(0:47:39) The Shiller PE Ratio; why stock valuations are permanently higher than in the past.
(0:54:58) Lump sum investing versus dollar-cost averaging.
(1:00:09) Asset allocation and how to know which assets to sell first.
(1:04:57) How PWL Capital rebalances client portfolios – an operational perspective.
(1:10:42) The after show: Testicular cancer and heartwarming reviews.
Links From Today’s Episode:
Meet with PWL Capital — https://calendly.com/d/3vm-t2j-h3p
Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582.
Rational Reminder Website — https://rationalreminder.ca/
Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/
Rational Reminder on X — https://x.com/RationalRemind
Rational Reminder on TikTok — www.tiktok.com/@rationalreminder
Rational Reminder on YouTube — https://www.youtube.com/channel/
Rational Reminder Email — info@rationalreminder.ca
Benjamin Felix — https://pwlcapital.com/our-team/
Benjamin on X — https://x.com/benjaminwfelix
Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/
Cameron Passmore — https://pwlcapital.com/our-team/
Cameron on X — https://x.com/CameronPassmore
Cameron on LinkedIn — https://www.linkedin.com/in/cameronpassmore/
Mark McGrath on LinkedIn — https://www.linkedin.com/in/markmcgrathcfp/
Mark McGrath on X — https://x.com/MarkMcGrathCFP
Dan Bortolotti on LinkedIn — https://www.linkedin.com/in/dan-bortolotti-8a482310/
‘Episode 80: A Planni
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