Welcome back to the Rational Reminder everybody! We are taking this episode to round up all the recent goings-on and tackle a few residual issues that we believe need some attention. We start off by contemplating how much we have both been learning with the wealth of guests that come through our doors. We would never be confronted with this many ideas and inspiration if it were not for this great platform on which we find ourselves! From there we go on to discuss all the recent talk of a recession and the many assumptions that seem to be being made. Here at the Ration Reminder Podcast, we want to try and dissuade you from thinking you can easily predict the movement of the markets or believe those that say they can. It is just not that straightforward. Most often, a recession is only noticeable during or even after it has occurred. Rather stick to a good, diversified strategy without trying to guess and gamble on questionable information. The conversation also covers the portfolio changes from Wealthsimple before Benjamin does what he does best and explains valuation theory for all of us! So for all this and a few more goodies, be sure to listen in! Key Points from This Episode: 0:25 Effects of hosting this podcast on our own money minds. 3:24 The impending recession that everyone is talking about. 8:29 Wealthsimple portfolio changes this week and the paper they published. 17:32 Risk, return, low volatility, and balancing these in your favour. 18:39 The theoretical underpinning of factor investing and valuation. 26:02 Fama and French's Five Factor Model. 28:18 Retiring early; spending rules for the FIRE movement. 33:21 More viable alternatives for saving and preparing for retirement smartly. 35:28 This week's bad advice! Links From Today’s Episode: Rational Reminder Website - https://rationalreminder.ca/podcast/60 Valuation Theory Summary Blog Post - https://rationalreminder.ca/blog/2019/8/22/zqes51gt9xfgi7iggxtjfmuh8z73sf Alexandra Macqueen — https://www.pensionacuity.com/ Moira Somers — http://moneymindandmeaning.com/about-moira/] Trump — https://www.donaldjtrump.com A Wealth of Common Sense — https://awealthofcommonsense.com David Goetsch — https://www.imdb.com/name/nm0324477/ BMO — https://www.bmogam.com Vanguard — https://investor.vanguard.com Wealthsimple — https://www.wealthsimple.com Robert Novy-Marx — http://rnm.simon.rochester.edu/ Eugene Fama — https://www.chicagobooth.edu/faculty/directory/f/eugene-f-fama Kenneth French — https://mba.tuck.dartmouth.edu/pages/faculty/ken.french/ Modigliani-Miller Theorem — https://www.investopedia.com/terms/m/modigliani-millertheorem.asp Fama-French Five Factor Model https://blog.quantinsti.com/fama-french-five-factor-asset-pricing-model/ Dave Ramsey — https://www.daveramsey.com The Retirement Gamble — https://www.pbs.org/wgbh/frontline/film/retirement-gamble/ You can find the Rational Reminder podcast on 🍏 Apple Podcasts: https://podcasts.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582?mt=2 🎤 Spotify Podcasts: https://open.spotify.com/show/6RHWTH9iW7hdnA7eAg7ukO?si=hjZNfLKuSjSeWX38GPqhVA 🕵️‍♂️ Google Podcasts: https://podcasts.google.com/?feed=aHR0cHM6Ly9yYXRpb25hbHJlbWluZGVyLmxpYnN5bi5jb20vcnNz as well as on all major podcatchers You can follow Cameron Passmore and Ben Felix on Twitter: ➡️ https://twitter.com/CameronPassmore ➡️ https://twitter.com/benjaminwfelix Check out Ben's YouTube channel. 📺 https://www.youtube.com/benfelixcsi Catch up on the latest in wealth management and investing insights from the Passmore-Felix Team at PWL Capital. https://www.pwlcapital.com/teams/passmore-felix/?utm_source=youtube&utm_medium=copy&utm_campaign=rr&utm_content=rrvideo The Rational Reminder is presented as an educational resource and should not be construed as individualized investment advice, nor as a recommendation to buy or sell specific securities. The funds and portfolios discussed are examples only and may not be appropriate for your individual circumstances. #investing #podcast #business