Beniamin Felix ✪ @bennjaminwfelix

Helping Canadians make better financial decisions. Portfolio Manager, Head of Research @PWLCapital; My only Private Account MAIN PAGE: @benjaminwfelix calendly.com/d/3vm-t2j-h3p Canada Joined February 2013

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Benjamin Felix @benjaminwfelix

2 years ago

Bonds are much riskier for long-term investors than previously thought. An "optimal" portfolio can quickly become disastrous if volatility results in bad investor behaviour. Where does this leave retirement asset allocation? advisor.ca/investments/pr…

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Benjamin Felix @benjaminwfelix

2 years ago

These data should not surprise anyone. "Volatile and speculative categories—as well as unproven fund shops that attract a lot of short-term hype—on the other hand, are best avoided." morningstar.com/funds/15-funds…

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Julian Klymochko @JulianKlymochko

2 years ago

There are hundreds of "dividend guy" social media accounts However, there are very few "buyback guy" accounts, which is nonsensical, given buybacks represent about twice the shareholder returns of dividends Not to mention that buybacks are far more tax-efficient than dividends

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Benjamin Felix @benjaminwfelix

2 years ago

I am not on Telegram and I do not offer free trading mentorship. Please report these comments, which are being spammed in my replies. Be careful out there.

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Benjamin Felix @benjaminwfelix

2 years ago

Dividends contribute nothing to investment returns. All they accomplish is recharacterizing a portion of total return as a cash distribution.

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Benjamin Felix @benjaminwfelix

2 years ago

Investors should focus on: -Living a good life -Asset allocation -Fees, costs, and taxes Instead, they often focus on: -News headlines -Short-term predictions -Recent returns

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Benjamin Felix @benjaminwfelix

2 years ago

Canadian stocks beat US stocks by 4 bps annualized for 100 years, 1910-2010. All US outperformance for the last 114 years happened since 2011 while Canadian valuations fell (higher expected return) & US valuations increased (lower ER). US return dominance is not permanent.

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Benjamin Felix @benjaminwfelix

2 years ago

This week's Money Scope episode with @LoonieDoctor covers key investing concepts - we brought out the Colono-Money Scope for this one. We cover: -Why invest? -Investing vs. gambling -Asset pricing basics -Active vs. passive investing -Fees and costs moneyscope.ca/2024/01/26/epi…

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Benjamin Felix @benjaminwfelix

2 years ago

7 firms making up 28% of the US market capitalization is unusual in recent history, but not further back. The top 7 firms have exceeded 28% of the US market cap 10 times going back to 1927. The average year-end weight of the top 7 firms 1927-2023 is 20%.

Charlie Bilello @charliebilello

2 years ago

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Mark McGrath @MarkMcGrathCFP

2 years ago

Segregated funds, or seg funds, get a lot of hate. But, Actually no that's fair

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Mark McGrath @MarkMcGrathCFP

2 years ago

Just saw a portfolio with 71 mutual funds per account. 4 accounts, so 284 total mutual fund positions I'm traumatized and don't know if I'll ever recover

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Benjamin Felix @benjaminwfelix

2 years ago

Investing is a rare discipline where exerting more effort does not lead to better expected outcomes.

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Benjamin Felix @benjaminwfelix

2 years ago

Conventional wisdom and popular personal financial advice suggest that asset allocations should shift toward bonds as investors near retirement. This advice stems from the idea that bonds are safer than stocks, and retirees should not take much risk. But is it good advice?

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Benjamin Felix @benjaminwfelix

2 years ago

Structured products are designed to offer some degree of principal protection and participation in the upside of risky assets. This seems like an attractive proposition, but have you ever wondered why the banks are so eager to sell them?

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Benjamin Felix @benjaminwfelix

2 years ago

Dividends are not investment returns. They are not free money, and they do not offer downside protection. They are like moving money from one pocket to the other. When you understand this, you realize that dividends are not special.

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Benjamin Felix @benjaminwfelix

2 years ago

This week's @RationalRemind with @scottianrick is very practically useful. -Money affects relationships -Spenders and savers often end up together -Mismatched partners have lower marital satisfaction How should we navigate this minefield? rationalreminder.ca/podcast/288

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Loonie Doctor @LoonieDoctor

2 years ago

In follow-up to our episode on Debt, Saving, & Investing, this week @benjaminwfelix and I walk through a couple of common debt scenarios for professionals. Case 1: Early career debt. Case 2: Keep it in the Corp vs pay the personal debt. moneyscope.ca/2024/01/19/ep-…

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David O’Leary, CFA @DavidPOLeary

2 years ago

In this video, @benjaminwfelix brings up some great points about the limits and potential pitfalls of screening out/divesting dirty companies. To make the biggest positive impact, here's what to consider instead (or in addition) ... youtube.com/watch?v=c4AMFi…

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Aaron Hector, R.F.P., CFP, TEP @AaronHectorCFP

2 years ago

Poll time: Is it fair that pension income out of a DB plan can be split with a spouse at any age, but withdrawals from RRIFs (from RRSP savings) only qualify after you are 65?

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Loonie Doctor @LoonieDoctor

2 years ago

This past week on The Money Scope @benjaminwfelix and I discussed using debt like a time machine, accounts/products for saving, and transitioning to invest. moneyscope.ca/2024/01/12/epi…