Understanding Home Bias and Risk in Canadian Investment Portfolios

In this episode of Barenaked Money, hosts Josh Sheluk and Matthew Kempton explore the topic of 'home bias' in Canadian investment portfolios. Fresh from a vacation, Matt discusses a recent study that reveals the tendency of Canadian investors to invest heavily in local assets compared to their global counterparts. They delve into the reasons behind this bias, including familiarity and perceived safety, and highlight the risks and reduced diversification from over-concentration in the Canadian market. The discussion also covers the impact of tax benefits, currency considerations, and the importance of a globally diversified portfolio for improved risk management. The episode concludes with a call to embrace diversification to ensure long-term investment success.

00:00 Introduction to Barenaked Money Podcast
00:15 Introducing Today's Topic: Canadian Investment Bias
00:57 Understanding Home Bias in Canadian Investments
01:30 Tax Benefits and Risks of Home Bias
03:02 The Importance of Diversification
08:39 Sector Concentration and Market Risks
17:07 Global vs. Canadian Bonds
25:34 Final Thoughts and Investment Philosophy
26:34 Conclusion and Disclaimer

The Reality of Soft Landings: Myths, Markets, and Diversification Strategies

In this episode of Barenaked Money, hosts Josh Sheluk and Colin White from Verecan Capital Management, Inc. discuss the concept of a 'soft landing' in the financial markets. They explore the feasibility of maintaining stable economic conditions despite rising rates and inflation. The conversation delves into the performance and risks associated with major stocks, highlighting the dominance of companies like Nvidia. The hosts stress the importance of diversification and caution in portfolio management to navigate potential economic slowdowns. They conclude with advice on maintaining a balanced investment approach, especially given the current market uncertainties.

00:00 Introduction to Bear Naked Money

00:13 Discussing the Soft Landing Myth

01:00 Market Predictions and Economic Outlook

03:13 The Magnificent Seven and Market Risks

03:47 Diversification and Investment Strategies

09:15 Economic Trends and Future Expectations

Estate Planning Mistakes: Common Errors and How to Avoid Them

In this episode of Barenaked Money, hosts Josh Sheluk and Colin White discuss common mistakes in estate planning. They emphasize the importance of having a will, the dangers of procrastination, and the need for regular updates and clear communication. They also touch on complications with executor selection, tax issues, and the pitfalls of overcomplicated wills. The episode offers practical advice for starting conversations with professional advisors and stresses the importance of simplicity and forethought in estate planning decisions.

00:00 Introduction to Barenaked Money
00:18 Estate Planning Mistakes: The Importance of Having a Will
01:54 Procrastination and Estate Planning
10:45 The Pitfalls of a Badly Drafted Will
14:55 Updating Your Estate Plan
18:15 Communication in Estate Planning
26:33 Financial Considerations in Estate Planning
30:18 Conclusion: The Importance of an Estate Plan
32:30 Disclaimer and Closing Remarks

Barenaked Money: Understanding the Impact of Interest Rate Cuts on Your Finances

In this episode of 'Barenaked Money,' hosts Josh Sheluk and Colin White of Verecan Capital Management discuss the recent interest rate cut by the Bank of Canada. Through a series of candid questions, they explore the implications of the rate cut on various financial decisions, including variable rate mortgages, real estate investments, and the likelihood of a recession. They emphasize the importance of personal financial situations over market news and provide practical advice on navigating the current financial landscape. The episode also touches on common misconceptions about dividend stocks and the efficacy of central bankers.

00:00 Introduction to Barenaked Money
00:19 Interest Rates and the Bank of Canada
06:29 Impact on Borrowers and Mortgages
09:11 Real Estate Market Insights
13:09 Recession Concerns and Economic Outlook
17:20 Investment Strategies and Portfolio Management
23:26 Conclusion and Final Thoughts

This podcast episode is about the financial challenges and considerations of caring for elderly people. The hosts, Josh and Colin, are portfolio managers who share some statistics, options, and advice on how to plan for elder care, both as a potential caregiver and as a potential recipient. They discuss the costs and benefits of different types of care, such as public, private, and in-home care, as well as the importance of communication, simplicity, and flexibility. They also talk about some tax credits and government programs that can help with elder care expenses.

• Josh and Colin discuss the challenges and considerations of caring for elderly people and how that affects the financial situation of both the caregivers and the care recipients. 0:16
• They share some statistics and trends of the aging population in Canada and the implications for the demand and supply of elder care services. 1:20
• They explore the different options and costs of assisted living, from public to private facilities, and the importance of being aware of the resources and programs available in the community. 12:16
• They talk about the benefits of simplifying and communicating the estate planning and financial wishes of the elders and the potential tax credits and incentives that can help reduce the burden. 8:45
• They highlight the role of a financial advisor in facilitating and moderating the conversations between the generations and providing guidance on the best strategies for each situation. 16:42
• They also share some personal stories and experiences of dealing with elder care and estate planning in their own families. 4:18, 6:51, 15:40
• They give some tips and advice on how to plan ahead and adjust accordingly for the various scenarios and outcomes that may arise in the future. 5:47, 11:14, 12:58, 25:13

Care options, choosing the best plan for you and the person you care for (Gov’t of Canada)

https://www.canada.ca/en/employment-social-development/corporate/seniors/forum/care-options.html

Benefit finder (Gov’t of Canada)

https://srv138.services.gc.ca/daf/q?id=d2e80a19-2881-4f00-bb3c-82ccb647daa6&goctemplateculture=en-ca

Philanthropy Unveiled: Expert Insights on Purposeful Giving

In this episode of Barenaked Money, Colin White and Matthew Kempton, alongside guest expert Peter Fardy from Northport Philanthropic, delve into the nuances of philanthropic giving. They discuss the importance of aligning donations with personal values, creating impactful giving strategies, and the significance of donor-organization partnerships. Listeners are guided on how to establish successful legacy funds, approach charitable organizations, and balance flexibility with focused giving. The conversation emphasizes the role of advisors in helping donors make informed and meaningful philanthropic decisions.

00:00 Introduction to Barenaked Money
00:17 Philanthropic Giving: A Naked Conversation
00:45 Meet the Expert: Peter Fardy
04:17 Understanding Donor Discontent
04:54 Purposeful Philanthropy: Creating Impact
12:55 Navigating Family Dynamics in Philanthropy
17:43 Values-Driven Philanthropy
32:29 Evaluating Charitable Organizations
40:16 Supporting Grassroots Organizations
46:33 Establishing a Legacy Fund
54:35 Conclusion and Final Thoughts

In this episode, Josh and Colin dive into the financial aspects of becoming a parent. They discuss budgeting for a new baby, insurance adjustments, and savings strategies to ensure your family is secure. Tune in for practical advice on preparing financially for this big life change.

The team reviews some of the more...interesting parts of the Canadian Federal Budget and, in terms that make sense, tell us how included changes might impact you. Josh & Colin also cover recent relevant headlines!