On this week's episode, we cover a variety of topics, such as some tips for DIY investors, highlights from a conference Cameron recently attended, home country investment bias and whether it’s possible to have too much money in your RRSP. We begin first by talking about what DIY investors can do to ensure that they are investing to the best of their abilities. As people who work in investment daily, we often forget how tricky a terrain it can be to navigate if you are not armed with all of the knowledge, so we hope to pass some of it on to you. After that, we move onto the lessons Cameron learned from the Dimensional Advisors conference. We unpack ideas such as why he believes the world is ‘running towards factors,’ how Dimensional is leveraging academic research to inform their work along with some other highlights. Following on from that and picking up on what was spoken about at the conference, we delve into the pros and cons of home country investment bias. In some instances, this bias makes perfect sense, both from a returns and tax perspective and in other instances less so. We take you through some of these scenarios and what they mean for an investor looking to diversify. And finally, in the planning portion of our show, we tackle RRSPs, whether it is possible to overinvest in them, how they compare to other investments and much more. To learn more, join us today! Key Points From This Episode: 1:32 Our team is growing and we are looking to add some extra positions at PWL; There are many challenges that DIY investors face not having access to professional advice. 7:30 How to overcome asymmetries of financial knowledge between spouses and within families; Some of the fee-only planners available in Canada that we recommend; Robb Engen’s services and his discount for Rational Reminder listeners. 12:38 What factors are and why the world is ‘running towards’ using them. 14:09 Dimensional provides a framework for investing but does not guarantee answers; Has the value-add factor become obsolete? 16:18 Highlights from Robert Novy-Marx's presentation at the conference. 20:31 Insights into and trends in the fixed income market; What peer to peer bond trading is and why it has seen such huge growth?; All countries in the world, except for one, have a home country investment bias. 27:50 The difference between tax payable on international versus Canadian stocks; An explanation of unrecoverable foreign withholding tax related to non-taxable accounts. 35:29 How the S&P 500 has been performing in Canada over the last ten years; Why we are comfortable having a third of investments in Canada. 39:40 Is it possible to have too much in an RRSP? 53:12 This week’s piece of ‘bad advice.’ Links From Today’s Episode: Rational Reminder Website - https://rationalreminder.ca/podcast/70 Spring Financial Planning — https://springplans.ca/ Robb Engen on Twitter — https://twitter.com/RobbEngen Robb Engen on LinkedIn — https://www.linkedin.com/in/robbengen Robb Engen’s email — robbengen@gmail.com Dimension Fund Advisors — https://us.dimensional.com/ Professor Robert Novy-Marx — http://rnm.simon.rochester.edu/ Journal of Finance — https://afajof.org/journal-of-finance/ Canadian Couch Potato Blog — https://canadiancouchpotato.com/ International Diversification Works (Eventually) — https://www.aqr.com/Insights/Research/Journal-Article/International-Diversification-Works-Eventually 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. #rationalreminder #investing #podcast