Archive | Podcast

Podcast 5: Master Class with the Millionaire Teacher

My newest podcast features an interview with Andrew Hallam, author of Millionaire Teacher, a compelling introduction to building wealth through smart saving and disciplined investing.

Andrew grew up in Canada, but he’s a citizen of the world. He spent several years as a teacher at the Singapore American School and has lived and travelled all over the globe. As this podcast goes live, Andrew is touring the Middle East to speak to expatriate investors about how to avoid getting fleeced by the financial industry. And he’s not being paid for his appearances: “I’m not a saint,” he writes on his blog. “But when I’m teaching people about money, I’ll do almost anything so others can learn.”

Andrew has an interesting backstory, which I featured in my MoneySense Guide to the Perfect Portfolio. He was both comically frugal and a tremendously successful stock-picker for many years. This combination of talents allowed him to amass a tidy nest egg in his 40s. “So what did I do after a decade of stock-picking success?” he told me. “Apply for a job as a Wall Street analyst?

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Podcast 4: Charles Ellis and the Index Revolution

For the latest episode of the Canadian Couch Potato podcast, I was privileged to have the opportunity to interview Charles Ellis, who has been called “Wall Street’s wisest man.”

Mr. Ellis’s best-known work is Winning the Loser’s Game, a book that had a big impact on me when I was beginning my education on index investing. After spending decades as an analyst and consultant for pension and endowment funds, here was Ellis arguing that individuals—and even many institutional investors—would be better off simply using index funds. And while that seems like a familiar argument today, Ellis first made it some 42 years ago, in a hugely influential article called The Loser’s Game. That paper appeared in The Financial Analyst’s Journal in the summer of 1975, a few months before John Bogle launched the first index fund at Vanguard.

In our interview, Mr. Ellis and I discuss his latest book, The Index Revolution, which looks back over his long career and concludes that, alas, things haven’t changed very much. The financial industry still behaves as though the data in favour of indexing doesn’t exist—or at least doesn’t apply to them.

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Podcast 3: A Hedge Fund Manager Comes Clean

The third episode of the Canadian Couch Potato podcast is now live. You can listen in your browser using the tool below, or download it using iTunes or your favourite podcasting software.

My first podcast of 2017 features an interview with Lars Kroijer, author of Investing Demystified, which will soon be released in a second edition. Based in the UK, Lars is a former hedge fund manager, but today he advises investors to give up the dream of market-beating returns in favour of a simple indexing strategy. As he says in our chat: “It’s my view that the overwhelming majority of investors have no chance whatsoever of beating the financial markets and they should act accordingly.”

Lars outlines his arguments in a new series of YouTube videos. The clips are well-produced and provide a good introduction to the principles of index investing.

What’s your expected return?

In the Bad Investment Advice segment, I scoff at an advisor who recently told one of my readers that he could expect 12% returns from traditional mutual funds. Then I encourage investors to challenge advisors and others who casually mention expected returns without explaining how they came up with their numbers.

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Podcast 2: Planning vs. Investing

The second episode of the Canadian Couch Potato podcast is now available:

Many thanks to the thousands of people who downloaded and listened to the debut episode, and for sending your feedback and suggestions for future topics. After an initial delay, the podcast is now available through iTunes as well as all major podcasting apps, so please subscribe if you haven’t done so already. If you enjoy what you hear, I invite you review the podcast on iTunes, which helps more listeners hear about it.

Our new episode features financial planner Sandi Martin, who will be well-known to readers of Canadian financial blogs: she has her own blog at Spring Personal Finance, and has been a contributor to Boomer & Echo. Sandi is also one of the creators of the Because Money video and podcast series.

In our interview, Sandi and I discuss the important (and frequently misunderstood) differences between financial planning and investment management. The media often lump these two services together, but they are fundamentally different: in all provinces except Quebec, financial planning is not even regulated.

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Podcast 1: Are You Ready for DIY?

Welcome to the debut episode of the Canadian Couch Potato podcast.

Every two weeks I’ll be releasing a new episode of the podcast and announcing it here on the blog. You can stream the most recent episode using the player below, or you can subscribe via iTunes or Google Play, or using your favorite podcast software, such as Stitcher, Pocketcasts or Overcast.

This inaugural episode features my friend and colleague Justin Bender. In our interview we reflect on our experiences developing our unique DIY Investor Service, where we helped clients build ETF portfolios they could manage on their own. Here are some links related to that interview:

Renovate Your Portfolio appeared in MoneySense in 2012. Written before I joined PWL Capital, this article featured three of the original clients of the DIY service.
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In his continuing efforts to support investors, Justin has just launched a YouTube channel called DIY Investing with Justin Bender. The first series of videos includes tutorials on how to place ETF trades at Canada’s largest online brokerages.

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The Canadian Couch Potato Podcast is Here

I’m excited to announce that on Wednesday, November 30, we’ll be launching the Canadian Couch Potato podcast.

Each episode will feature an interview with a guest expert who will chat about a specific investing topic, and then I’ll review some takeaway messages from the discussion. I’ve also created a segment called “Bad Investment Advice,” where I poke fun at a specific bit of unhelpful commentary in the financial media. Finally, I wrap up with an Ask the Spud segment where, with the help of my PWL colleague Amanda Dalziel, I answer investing questions from listeners and blog readers.

(By the way, I’m always looking for new ideas for these segments, so if you’ve read or heard some crappy investment advice, or if you have a question related to index investing, please let me know.)

Our first episode will feature my friend and colleague Justin Bender. We reflect on our experiences developing our unique DIY Investor Service, where we helped clients build ETF portfolios they could manage on their own. That service (since discontinued) helped well over a hundred families and we received consistently great feedback. We learned a lot about what it takes to be a successful DIYer—but also what can go wrong.

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