Welcome back to the podcast everybody, we have another great round-up episode for you where we field questions that you sent in and cover a bunch of things we think you need to hear! We discuss how you should weight your stocks and bonds ratio and times that you could think about changing it, we also talk about index funds, Michael Burry and why his reputation is a bit overstated. Then we get into the different types of risk! We cover volatility, uncompensated risk, skewness, and inflation and help you think about each and the impact that they may have on your portfolio. The conversation then turns to planning, longevity, and sustainability and we talk about how to prepare for your last years cleverly and realistically. Goals are so important when laying out a sustainable strategy and we give you a bunch of questions to ask yourself to make the task a bit easier. We finish off with another edition of last wee's worst advice and this time around we are talking about some questionable actions and remarks from TD Ameritrade. For all this and more, join us on the Rational Reminder, today!
Key Points From This Episode:
- Considering a bond to stock ratio and when you might adjust it. [0:01:22.7]
- Questions when switching to index investing and what to hold on to. [0:06:04.3]
- The Michael Burry question and how much index funds affect prices. [0:11:46.0]
- Risk 101; going through all the different types of risk. [0:18:07.6]
- Identifying which risk you are actually averse to and the results of this. [0:31:04.2]
- Planning and annuities; longevity risks and age-related questions to ask yourself. [0:32:48.1]
- Increasing the sustainability of your investments and the importance of goals. [0:36:46.9]
- Last week's worst advice! TD Ameritrade's confusing decisions around fees. [0:42:01.8]
Links From Today’s Episode:
Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder Website — https://rationalreminder.ca/ Benjamin Felix — https://www.pwlcapital.com/author/benjamin-felix/
Benjamin on Twitter — https://twitter.com/benjaminwfelix
Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/
Cameron Passmore — https://www.pwlcapital.com/profile/cameron-passmore/
Cameron on Twitter — https://twitter.com/CameronPassmore
Cameron on LinkedIn — https://www.linkedin.com/in/cameronpassmore/
Larry Swedroe — https://www.etf.com/contributors/larry-swedroe
Vanguard — https://investor.vanguard.com/corporate-portal/
Michael Burry — https://www.cnbc.com/2019/09/04/the-big-shorts-michael-burry-says-he-has-found-the-next-market-bubble.html
Barry Ritholtz — https://ritholtz.com
The Economist — https://www.economist.com
AlphaZero — https://deepmind.com/blog/article/alphazero-shedding-new-light-grand-games-chess-shogi-and-go
Stockfish — https://stockfishchess.org/
Ray Dalio — https://www.bridgewater.com/leadership/ray-dalio/
Bryan Kelly — https://som.yale.edu/faculty/bryan-t-kelly
Philippe Jabre — https://www.ft.com/content/3d07e70c-fefc-11e8-ac00-57a2a826423e
Jabre Capital — https://www.jabcap.com/
Bernie Madoff — https://www.investopedia.com/terms/b/bernard-madoff.asp
Fama French Five-Factor Model — https://blog.quantinsti.com/fama-french-five-factor-asset-pricing-model/
Alexandra McQueen — https://www.pensionacuity.com/
Alexandra McQueen Episode — https://rationalreminder.ca/podcast/2019/8/15/episode-59-financial-economics-and-annuities-rational-planning-for-retirement
Prof Moshe Milevsky — https://moshemilevsky.com
Schulich School of Business — https://schulich.yorku.ca
Schwab — https://www.schwab.com
TD Ameritrade — https://www.tdameritrade.com
Jason Zweig — https://jasonzweig.com
Wall Street Journal — https://www.wsj.com
Costco — https://www.costco.com
Raymond James — https://www.raymondjames.com/
Morningstar — https://www.morningstar.com
The Rational Reminder Podcast