The Rational Reminder Podcast

Episode 339 - 2024 Year-End AMA Pt 2

35 snips
Jan 9, 2025
The hosts dive into the complexities of home country bias in investing, discussing its effects on portfolio diversification. They analyze stock trading vs. EFT portfolio strategies and the volatility of cryptocurrencies on the securities market. The conversation shifts to the financial implications of renting versus buying in Canada, emphasizing the need for personal comfort over societal pressures. Lastly, they highlight common behavioral biases in investing and share transformative listener stories, showcasing the podcast's impact on financial literacy.
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ADVICE

Home Country Bias

  • Don't overweigh your home country's stock market based solely on historical returns or owning property there.
  • Consider a balanced approach like a 30% allocation to Canadian equities, along with international diversification.
ADVICE

High-Net-Worth Investing

  • Focus on broader financial planning aspects like estate planning, insurance, and retirement planning for high-net-worth individuals.
  • Avoid complex investments solely for prestige, as a simple, diversified index fund portfolio is usually sufficient.
ADVICE

Day Trading vs. ETF Strategy

  • Be wary of day trading strategies promising high returns, as they often involve high risk and can lose money over time.
  • Thoroughly understand any investment strategy, considering risk, costs, and long-term potential, before allocating funds.
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