Meet with PWL Capital: https://pages.pwlcapital.com/en-ca/contact-us?utm_source=content&utm_medium=youtube&utm_campaign=rationalreminder_yt Avoid Online Scams https://pwlcapital.com/stay-safe-online/ Ben Felix or any PWL employee will never reach out to you on social media platforms or WhatsApp to give financial advice. These are scammers trying to commit fraud. In this AMA episode, Ben Felix, Dan Bortolotti, and Ben Wilson tackle a wide range of practical investing questions submitted by listeners. They begin by discussing one of the most common investing mistakes—market timing—and explain why getting back into the market is often harder than getting out. From there, they explore the evidence behind lump sum investing versus dollar-cost averaging, why high valuations rarely justify sitting in cash, and how your discomfort with investing may reveal a mismatch between your portfolio and your true risk tolerance. The conversation also pulls back the curtain on PWL Capital's investment committee, detailing how new investment products are evaluated, how due diligence is conducted, and why even seemingly simple index funds require ongoing scrutiny. They then examine whether any recent Canadian ETF innovations are genuinely useful, discuss retirement-focused T-Series asset allocation ETFs, debate whether gamified trading creates opportunities for active management, and respond to questions about inflation, currency debasement, and the real drivers of long-term stock returns. As always, the episode closes with a lighter listener question before reading a review from the audience. Timestamps: 0:00:00 Intro 0:01:20 Question 1: I mistakenly sold VEQT and took a 50% cash position last year concerned about a bubble. Now I have regrets and want to invest it back. Should I do a lump sum? Should I do it in monthly/quarterly instalments? Or is the bubble concern real and I should still keep a cash %? 0:18:32 Question 2: How do you and your team conduct ongoing investment review and due diligence? Do you have an investment committee? If so, what do those meetings look like? 0:28:50 Question 3: I'm curious if there's any "new ideas" in (Canadian listed) ETFs that you would recommend that is not just a rebranding of a standard index fund of the same benchmark, or are the same names always going to be the primary recommendation? 0:39:20 Question 4: What rule of thumb would you recommend for allocating time to the construction and implementation of a financial plan? 0:44:53 Question 5: Can you do a deep dive into the BMO T series (ZEQT-T, ZGRO-T, ZBAL-T) of ETFs please? Good idea for retirees who do not want to sell shares on their own? Or is it ETF slop? 0:55:23 Question 6: Does or will the rise in retail investor trading platforms and the promotion of gambling in the markets via gamified trading apps leave opportunity for actively managed funds to outperform relative to the past? 1:01:36 Question 7: There is a trend on YouTube that the reason why assets like stocks go up is because of currency debasement, governments printing money. Is this true? 1:08:39 Question 8: Ben, what shoes do you hoop with? 1:12:34 Disclaimer Links From Today’s Episode: Dollar Cost Averaging vs Lump Sum Investing - https://pwlcapital.com/wp-content/uploads/2024/08/Dollar-Cost-Averaging-vs-Lump-Sum-Investing.pdf Buy The Dip - https://pwlcapital.com/wp-content/uploads/2024/08/PWL-Felix-Warwick-Buy-The-Dip_A.pdf Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/ Rational Reminder on YouTube — https://www.youtube.com/channel/ Benjamin Felix — https://pwlcapital.com/our-team/ Benjamin on X — https://x.com/benjaminfelix Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/