The Rational Reminder Podcast

Episode 283: When Volatility is Risk, and Introducing The Money Scope Podcast

Dec 14, 2023

52:31

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Guests Mark Soth and Mark McGrath join the podcast to discuss volatility and investor behavior, the upcoming Money Scope podcast, incorporating a medical practice in Canada, complexity in estate planning, factors affecting job satisfaction, and community discussions and promotions.

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Quick takeaways

Understanding volatility and investor behavior is crucial for making informed investment decisions.

The new podcast Money Scope aims to provide financial education and investment insights for the Canadian audience with a structured curriculum-like format.

Incorporating a medical practice in Canada can offer tax-related benefits, income splitting opportunities, and potential estate planning advantages, but careful consideration of individual circumstances is necessary.

Deep dives

Volatility and Investor Behavior

The podcast episode discusses the topic of volatility and investor behavior. It explores how investor behavior can impact investment outcomes and the importance of understanding volatility when making investment decisions. It also touches on the concept of performance chasing and the performance gaps that can occur due to investor timing decisions. Overall, the episode highlights the significance of investor behavior and its relationship to volatility in the investment world.

The Cost of Performance Chasing in Investment

01:32

Investors Need Discipline for Long-Term Success

01:22

Introduction

2min

Introduction and Discussion on Volatility and Investor Behavior

2min

Performance Chasing and the Return Gap

10min

Introducing The Money Scope Curriculum

14min

Incorporating a Medical Practice in Canada

10min

Complexity in Estate Planning and Highlights from Episode 198 with Gerardo Riley

2min

Factors Affecting Job Satisfaction and Tips for Creating a Fulfilling Work Environment

8min

Community Discussions, Podcast Promotion, and Gratitude

5min

Today’s episode features a series of in-depth segments, and includes a visit from our two favourite Marks; Mark Soth (aka The Loonie Doctor) and Mark McGrath! To kick things off we break down volatility and investor behaviour by looking back at our conversation with Scott Cederburg and what his research demonstrates about the topic. We then hear from Mark Soth about the project that he and Ben have been working on; the soon-to-be-released Money Scope podcast. Find out what you can expect from their financial curriculum, like the topics they’ll be covering and how the structure of their episodes is specifically designed to educate. Next up we have our Mark to Market Segment, with Mark McGrath providing a detailed overview of everything you need to know about physicians incorporating. We then cover a recap of our conversation with Gerard O'Reilly, before sharing our thoughts on why this episode is worth multiple listens. Following that you’ll hear Cameron share his review of Brave New Work: Are You Ready to Reinvent Your Organization? by Aaron Dignan, along with his key takeaways from the book. Finally, in our after-show section, we discuss some of the fantastic guests we have coming up, our recommended reading to prepare for those episodes, community updates, plus a few other goodies!

Key Points From This Episode:

The biggest takeaways on volatility and investor behaviour from Scott Cederburg’s research; unpacking performance chasing, return gaps, fund expense ratios, and more. (0:02:06)
An overview of the project that Mark Soth and Ben have been working on, the Money Scope podcast; why they started it, what it covers, and who it’s for. (0:14:13)

Details on Money Scope’s format and the supplementary case study episodes. (0:19:12)
Our Mark to Market segment on physicians incorporating; a rundown of the complexities, common misconceptions, and benefits to be aware of. (0:26:32)

How much you should be retaining in a corporation to make it worthwhile. (0:33:30)

A look back at our conversation with Gerard O'Reilly and why this episode is a must-listen. (0:37:58)
Cameron’s review of Brave New Work: Are You Ready to Reinvent Your Organization? by Aaron Dignan, along with his top takeaways. (0:40:10)
Our after-show section; guests to look forward to, recommended reading, community highlights, and more. (0:46:23)

Links From Today’s Episode:

Episode 198: Gerard O’Reilly — https://rationalreminder.ca/podcast/198

Episode 224: Scott Cederburg — https://rationalreminder.ca/podcast/224

Episode 268: Itzhak Ben-David — https://rationalreminder.ca/podcast/268

‘The Folly of Hiring Winners and Firing Losers’ — https://www.cannonfinancial.com/uploads/main/The_Folly_of_Hiring_Winners_and_Firing_Losers1725.pdf

The Money Scope Podcast — https://moneyscope.ca/

The Money Scope Podcast on YouTube — https://www.youtube.com/@moneyscopepod

Brave New Work: Are You Ready to Reinvent Your Organization? — https://www.amazon.com/Brave-New-Work-Reinvent-Organization/dp/0525536205

Aaron Dignan — http://www.aarondignan.com/

The Ready — https://www.theready.com/

The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend — https://www.amazon.com/Fund-Bridgewater-Associates-Unraveling-Street/dp/1250276934

Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder Website — https://rationalreminder.ca/