Hope Is Not A Financial Retirement Strategy: The Silent Threat Limiting Your Portfolio’s Growth

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Are you making smart financial decisions—or just hopeful ones based on optimism bias?

In this episode of the Canadian Wealth Secrets podcast, Kyle Pearce sits down with John De Goey—veteran Canadian portfolio manager and author of Bullshift—to uncover the subtle ways the Canadian financial services industry nudges you toward overconfidence and unrealistic expectations. 

With over 30 years in the Canadian financial industry, John reveals why many Canadians unknowingly rely on hope rather than strategy when it comes to investing and planning for retirement.

Whether you're a high-income earner or business owner wondering if your savings strategy is enough, or someone approaching retirement unsure about your risk profile, this episode delivers clarity. 

John discusses the difference between risk tolerance and risk capacity, why your investing behavior in a market downturn matters more than you think, and how to avoid the trap of thinking "it won't happen to me." This conversation is especially relevant in today’s uncertain Canadian financial markets, where realistic planning—not blind optimism—is your best ally.

What you’ll learn:

• Learn how to assess and adjust your financial risk based on your actual capacity, not just your comfort level.
• Discover why even the most well-written financial plans can fail without behavioral discipline.
• Get real numbers and strategies for RRSP, TFSA, and advanced savings when income exceeds contribution limits.

 🎧 Hit play now to uncover how to strip away bias and start making financial decisions that truly secure your future.

Book a Discovery Call with Kyle to review your corporate (or personal) wealth strategy to help you overcome your current struggle and take the next step in your Canadian Wealth Building Journey! https://canadianwealthsecrets.com/discovery 

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Canadian Wealth Secrets Show Notes Page:

Consider reaching out to Kyle if you’ve been…

• …taking a salary with a goal of stuffing RRSPs;
• …investing inside your corporation without a passive income tax minimization strategy;
• …letting a large sum of liquid assets sit in low interest earning savings accounts;
• …investing corporate dollars into GICs, dividend stocks/funds, or other investments attracting corporate passive income taxes at greater than 50%; or,
• …wondering whether you

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Canadian Wealth Secrets is an informative podcast that digs into the intricacies of building a robust portfolio, maximizing dividend returns, the nuances of real estate investment, and the complexities of business finance, while offering expert advice on wealth management, navigating capital gains tax, and understanding the role of financial institu