Barenaked Money

Barenaked Money Welcomes Prisma Music Festival: Maestro Arthur Arnold and Andy Rice from Prisma Music Festival Discuss Music, Professional Parallels, and Community ConnectionIn this special bonus episode of Barenaked Money, host Colin White of Verecan Capital Management Inc. is joined by Maestro Arthur Arnold, Musical Director and Andy Rice, Development & Marketing Director, from the Prisma Music Festival. They discuss the upcoming festival in Powell River, British Columbia, covering its history, significance, and community impact. Arthur explains the meticulous audition process and the festival's educational goals for pre-professional musicians. They also draw intriguing parallels between conducting music orchestras and financial portfolio management, highlighting the importance of balance, adaptability, and passion. The episode ends with an emphasis on the festival's public events and the enthusiastic involvement of the local community and sponsors. For more info on the festival, please visit: https://prismafestival.com/00:00 Introduction to Barenaked Money00:17 Special Guests: Prisma Music Festival01:36 The Musical Journey of Prisma03:36 Community Impact and Support05:38 Colin's Guest Conducting Experience11:54 Public Events and Participation17:09 Application Process for Musicians20:21 Parallels Between Music and Finance30:08 Conclusion and Final Thoughts

Reflections on Market Bottoms: Lessons from the PandemicIn this episode of Barenaked Money, hosts Josh Sheluk and guest Matt Kempton, discuss the significant five-year anniversary of the market bottom during the pandemic on March 23, 2020. They reflect on the challenges and uncertainties of that period, the importance of not timing the market, and the relevance of diversification. They draw parallels between past and present market conditions, highlighting the constant presence of uncertainty and the need for levelheaded investment decisions. The discussion emphasizes the value of avoiding emotional responses in investment strategies and maintaining a diversified portfolio to mitigate risks.00:00 Introduction to Barenaked Money00:21 Reflecting on the Pandemic Market Bottom03:04 Lessons from Market Cycles08:29 Applying Past Lessons to Today's Market19:55 The Importance of Diversification23:21 Looking Ahead: Market Predictions31:27 Final Thoughts and Advice32:21 Disclaimer and Closing Remarks

Understanding Behavioral Finance with Lisa Kramer: From Seasonal Affective Disorder to OverconfidenceIn this episode of Barenaked Money, host Colin White from Verecan Capital Management interview Lisa Kramer, the inaugural Verecan Chair in Behavioural Finance at the University of Toronto. They discuss the importance of behavioural finance, which integrates psychology into economic and financial contexts to understand decision-making processes. Key topics include the impact of sunlight on financial risk preferences, the differences between behavioural economics and behavioural finance, and practical advice for mitigating the effects of seasonal mood changes on investment decisions. Lisa also shares her research on the broader implications of overconfidence in trading. The episode emphasizes the need for awareness and informed decision-making in personal finance.00:00 Introduction to Barenaked Money00:16 Special Guest: Lisa Kramer00:50 Behavioural Finance and Its Importance02:49 Behavioural Finance vs. Behavioural Economics05:35 Seasonal Effects on Financial Decisions10:42 Strategies to Mitigate Behavioural Biases21:47 Financial Decision Making32:42 Conclusion and Final Thoughts

Post-Liberation Day Market Reactions: Navigating Volatility and UncertaintyIn this episode, Colin & Josh discuss the day-after effects of 'Liberation Day' on global markets. They observe significant drops in stock values and express concern over the heightened volatility. With global markets down roughly 3%, the discussion touches on how different sectors are affected, the human toll on affected industries and individuals, and the importance of cautious, long-term investment strategies. They emphasize the need for investors to remain patient and avoid rash decisions during turbulent times. The episode ends on a lighter note, with some strategies to stay distracted from distressing news. 00:00 Introduction: Liberation Day Plus One00:35 Market Reactions and Global Impact01:47 Investment Strategies Amidst Volatility04:40 Human Impact and Emotional Responses07:19 Final Thoughts and Advice

Navigating the Complexities of Tariffs: Insights from Barenaked MoneyIn this episode of Barenaked Money, hosts Josh Sheluk and Colin White, portfolio managers at Verecan Capital Management, demystify the often confusing and volatile topic of tariffs. The discussion features a comprehensive look at the current state of tariffs, humorous anecdotes, and deep dives into the potential impacts on global trade, inflation, and investment strategies. They also discuss the impacts of various economic scenarios including pandemics, wars, and high inflation, and their potential effects on diversified portfolios. The episode concludes with practical advice on maintaining financial stability amidst global uncertainties and the importance of diversifying information sources to avoid being overwhelmed by negative news cycles.00:00 Introduction to Barenaked Money00:19 The Complexity of Tariffs02:11 Current State of Tariffs04:23 Interprovincial Trade Barriers08:27 Economic Impacts of Tariffs20:14 Globalization and Middle Class25:35 Investment Scenarios26:53 Debating Inflation, War, and Tariffs27:08 The Unifying Effect of a Common Enemy28:13 Inflation's Impact on Portfolios30:24 Challenges of the Current Tariff Environment31:53 Market Reactions and Tesla's Stock33:09 Valuations and Market Lessons34:33 The Unpredictability of Trade Wars37:46 Portfolio Management in Uncertain Times44:02 The Psychological Impact of Constant News45:42 Finding Positives Amidst Tariffs46:28 Conclusion and Final Thoughts

Barenaked Money: Answering Common QuestionsIn this episode of Barenaked Money, hosts Josh Sheluk and Colin White, portfolio managers at Verecan Capital Management, tackle a series of frequently asked questions about finance. They discuss the value and costs of mutual funds versus ETFs, demystify zero fee trading platforms, and highlight the importance of having a will. The hosts emphasize the consequences of not saving for retirement even if you have a pension and explain the right times to adjust your portfolio's asset mix. They offer advice on balancing debt repayment with saving, clarify misconceptions about growth versus dividend-paying stocks, and underscore the role of financial advisors in comprehensive financial planning. The discussion aims to provide clear, unbiased insights into various aspects of personal finance.00:00 Introduction to Barenaked Money Podcast00:12 Frequently Asked Questions Overview01:19 Mutual Funds: Pros and Cons03:41 ETFs vs. Mutual Funds07:54 Zero Fee Companies Explained11:43 Questions to Ask Your Financial Advisor16:44 Tax Myths and Realities18:41 The Importance of Savings Beyond Pensions20:14 The Importance of Financial Planning for Retirement20:52 Understanding Pension Inflexibility22:07 How Much Do You Need to Retire?23:23 Adjusting Your Portfolio Asset Mix27:57 Saving vs. Paying Off Debt30:31 Dividend Stocks vs. Growth Stocks34:05 The Importance of Having a Will37:39 Conclusion and Final Thoughts

The accounting industry has long been defined by billable hours, burnout, and outdated business models. But what if there was a better way? In this episode of Barenaked Money, Colin White sits down with Chris Brien, partner at Pinnacle Accountants & Advisors, to talk about how his firm is breaking the mold.From ditching timesheets to embracing a client-first, subscription-based model, Chris shares insights on why the traditional accounting structure no longer serves professionals or business owners—and how firms like his are paving a new path. They discuss the talent crisis in the industry, the outdated incentives driving bad client outcomes, and why Canadian firms should look south of the border for inspiration.Plus, Colin and Chris tackle:✅ Why billable hours create misaligned incentives for accountants and clients✅ How young accountants can escape the grind and find purpose in their work✅ The importance of removing sales-driven motivations from professional services✅ What business owners should expect from a truly valuable accounting relationshipIf you're an accountant rethinking your career, a business owner frustrated with transactional service, or just someone who loves hearing about industry shake-ups, this episode is for you.Listen now and start questioning the status quo!00:00 Introduction to Financial Advisor Frustrations32:41 Concerns About Moving Accounts32:48 Introducing Wealth Planning Solutions32:52 Call to Action32:53 Our Promise to Simplify

Contrarian Insights and Market Predictions with Nathaniel E. BakerIn this episode of Barenaked Money, hosts Josh Sheluk and Colin White welcome Nathaniel E. Baker, host of the Contrarian Podcast. They discuss the goals and achievements of the Contrarian Podcast, emphasizing the value of challenging prevailing market sentiments. The conversation covers past financial predictions, including the Magnificent Seven stocks, Bitcoin, and natural gas. The guests also delve into political, inflation, and geopolitical uncertainties forecasted for 2025. Additionally, Taylor Swift's economic impact and the potential uses of AI are explored, providing a broad look at current and future market trends.00:00 Introduction to Barenaked Money00:12 Meet Nathaniel E. Baker00:42 The Contrarian Investor Podcast02:49 Challenges of Contrarian Opinions03:22 Market Predictions and Mistakes07:54 Contrarian Opinions on Natural Gas14:40 Policy and Geopolitical Uncertainty27:20 The Future of AI and Blockchain31:39 Taylor Swift and Industry Changes33:24 Conclusion and Final Thoughts

Barenaked Money: Predicting Financial Trends for 2025In this episode of Barenaked Money, hosts Josh Sheluk and Colin White, portfolio managers at Verecan Capital Management, Inc., dive into their financial predictions for 2025. They discuss potential market corrections, the efficacy of political promises like Trump's proposed savings, the impact of tariffs, and the performance of bonds and ETFs. It's a riveting conversation blending expert knowledge with humor and practical advice for the everyday investor.00:00 Introduction to Barenaked Money00:14 Predicting 2025: Accountability and Expectations01:18 The Nature of Predictions: Risks and Rewards02:48 Josh's Predictions: Politics First03:22 Trump's Efficiency Promise: A Deep Dive06:59 Tariffs and Public Perception10:32 Market Predictions: Bonds and Economic Trends18:24 Market Correction: Not Trump's Fault20:59 Stock Market Predictions for 202521:42 The Myth of Average Returns22:24 Managing Client Expectations23:29 The Reality of Market Predictions24:56 Understanding Randomness in Markets27:09 Leveraged ETFs: A Risky Bet33:26 The Return of Day Traders40:32 Conclusion and Final Thoughts

Recap and Predictions: A Financial Review and Forecast for 2024 and 2025In this episode of Barenaked Money, hosts Josh Sheluk and Colin White from Verecan Capital Management take a look back at their financial predictions for 2024, examining which of their forecasts came to fruition and which missed the mark. They discuss topics including Canadian inflation rates, the real estate market, the performance of Bitcoin, and the influence of AI in various sectors. The episode also highlights the importance of context and external factors in financial forecasting, and sets the stage for their upcoming predictions for 2025. Listeners can expect an entertaining and insightful discussion on the complexities and unforeseen outcomes in the world of finance.00:00 Introduction to Barenaked Money01:03 Evaluating Last Year's Predictions01:13 Canadian Inflation Predictions03:49 Real Estate Market Insights06:57 Bitcoin and Risk Assets09:31 Bond Market Performance12:52 Magnificent Seven and Market Concentration20:28 Healthcare and Pharma Predictions24:29 Novel Investment Products28:30 Geopolitical Surprises of 202432:08 Economic Indicators and Recession Predictions35:45 Conclusion and Final Thoughts

Estate Planning Pitfalls and Precious Insights with Jonathan HooperIn this episode of Barenaked Money, Colin White and Matthew Kempton of Verecan Capital Management are joined by special guest Jonathan Hooper, an estate lawyer with Tupman and Bloom, to explore common mistakes in estate planning. The conversation primarily focuses on the complications that arise from outdated estate plans, the dangers of joint ownership, and the legal intricacies involved in ensuring that your assets are passed on according to your wishes. Hooper shares his expertise on issues such as unaddressed changes in life circumstances, the complexities of the probate process, and the importance of having a proper executor. The hosts and guest emphasize the significance of keeping estate plans updated and transparent to avoid legal disputes and family conflicts. They also touch on the role of trusts, tax implications, and best practices for ensuring a smooth transfer of wealth. The episode concludes with a preview of an upcoming discussion on the challenges of joint ownership in estate planning.00:00 Introduction to Barenaked Money00:26 Meet the Guest: Jonathan Hooper01:17 Common Estate Planning Mistakes02:52 The Importance of Keeping Your Estate Plan Updated03:10 Joint Ownership Issues in Estate Planning04:56 Understanding Joint Ownership Issues05:22 Legal Obligations and Misconceptions06:56 Simplifying Your Estate Plan07:46 The Role of Executors in Estate Planning13:56 Tax Considerations in Estate Planning19:39 Executor Responsibilities and Challenges19:50 Involving Multiple Generations in Estate Planning21:36 Dealing with Family Dynamics in Estate Planning26:45 Legal Challenges and Trusts in Estate Planning29:28 Avoiding Probate and Tax Issues39:37 Conclusion and Teaser for Next Episode39:37 Conclusion and Teaser for Next Episode41:21 Final Disclaimer and Contact Information

Team Introductions and Tackling Conflicts of Interest in Financial ServicesIn this episode, Josh begins by introducing various team members from Verecan Capital Management, sharing unique tidbits about each person. Following the introductions, portfolio managers Devin Cattelan and Colin White present on conflicts of interest within the financial services industry. The session covers topics like market updates, misleading financial advice, and the importance of integrity and fiduciary responsibility. The presenters share examples of good news stories, the impact of politics on markets, and the risks of do-it-yourself investing. They also discuss the challenges related to financial products designed to sell rather than perform, and the cultural and operational philosophy at Verecan that aims to eliminate conflicts of interest. The session ends with a Q&A, focusing on company policies, future plans, and how Verecan maintains its client-first approach.00:00 Team Introductions with Fun Facts04:15 Market Update and Good News13:52 Conflicts of Interest in Financial Services19:54 Real-World Examples of Conflicts33:03 Product Design and Sales Culture43:25 DIY Investing Pitfalls45:38 Robinhood and GameStop: A Conflict of Interest46:27 The Problem with Financial Titles47:57 Investment Advisor vs. Portfolio Manager53:57 TD Bank's Historic Fine and Corporate Governance59:40 Verecan's Unique Business Model01:02:43 Q&A Session: Industry Insights and Practices01:13:52 Concluding Remarks and Final Questions

Unveiling AI's Impact on Financial Planning with Diandra CamilleriIn this episode of Barenaked Money, host Colin White of Verecan Capital Management is joined by Diandra Camilleri, an associate portfolio manager and in-house AI expert. The conversation delves into the role of artificial intelligence in financial planning. They discuss Diandra's observations from a recent survey on Canadians using AI to manage finances and her experiments with AI tools like ChatGPT. The discussion touches on the promise and pitfalls of using AI for investment advice, highlighting both its potential and significant limitations. They also explore broader implications for financial advisors and the industry as AI technology evolves.00:00 Introduction to Barenaked Money00:19 Meet Deandra: AI Expert01:16 AI in Financial Planning: Survey Insights02:24 Exploring AI's Investment Recommendations05:00 AI's Limitations and Surprising Reactions08:43 The Future of AI in Financial Planning15:37 Human Touch in Financial Advice18:31 AI's Popularity vs. Value Fallacy21:24 The Viral Bank Fraud Phenomenon22:02 AI's Role in Financial Advice23:12 The Ethics of Financial Advice26:06 AI's Impact on the Financial Industry27:55 The Future of AI in Finance32:21 Balancing Efficiency and Ethics36:12 Concluding Thoughts and Future Predictions38:43 Final Remarks and Contact Information

Decoding Post-Election Investment StrategiesIn this episode of Barenaked Money, hosts Josh Sheluk and Colin White from Verecan Capital Management, Inc. discuss the implications of the recent election on financial markets. They delve into the complexities of making investment decisions based on election outcomes, the unpredictability of policy changes, and the pitfalls of 'Trump trade' strategies. By examining past and present scenarios, they stress the importance of long-term financial planning and avoiding speculative investments. Throughout, they offer insights into how political events impact the economy and investor behavior, ultimately advocating for a measured and well-informed investment approach.00:00 Introduction to Barenaked Money00:21 Post-Election Reflections01:18 Investment Ideas Post-Election02:25 The Reality of Predicting Markets05:58 Historical Context and Market Cycles14:54 Political Events and Market Reactions21:17 Concluding Thoughts and Advice23:04 Outro and Disclaimer

Navigating Global Financial Turbulence with Josh and ColinIn this episode of Barenaked Money, hosts Josh Sheluk and Colin White, portfolio managers at Verecan Capital Management Inc., discuss the latest global finance news. Topics include the ongoing conflict in the Middle East and its muted market impact, recent job reports from Canada and the U.S., and fluctuating interest rates. The duo also delves into regulatory challenges faced by TD Bank, highlighting a series of significant fines and governance issues. The episode underscores the unpredictable nature of markets and the importance of prudent financial planning.00:00 Introduction to Barenaked Money00:44 Current Events: Middle East Conflict01:50 Market Reactions and Predictions05:25 Economic Indicators: Jobs and Interest Rates12:39 TD Bank Scandal and Its Implications20:05 Conclusion and Final Thoughts

Navigating the Complexities of Intergenerational Wealth TransferIn this insightful episode of Barenaked Money, host Josh Sheluk and Amanda McKenna, Associate Portfolio Manager at Verecan Capital Management, delve into the intricacies of intergenerational wealth transfer. The discussion covers crucial aspects such as ensuring one's financial stability before gifting, helping younger generations enter the housing market, and navigating evolving family dynamics. Key topics include the importance of communication to reduce conflicts, strategies for financial gifting, benefits of gradual distribution, tax implications, and potential legal issues of gifting property. The conversation highlights the necessity of involving financial advisors and maintaining updated wills for successful wealth transfers, providing listeners with practical advice and steps to ensure family harmony and effective asset management.00:00 Introduction to Barenaked Money00:29 The Great Wealth Transfer01:40 Gifting Money to Adult Children: Key Considerations02:31 Balancing Financial Support and Personal Goals04:46 Generational Perspectives on Wealth and Real Estate09:00 Family Dynamics and Financial Fairness13:55 The Importance of Communication in Estate Planning16:27 When is the Right Time to Gift?17:33 Financial Maturity and Stability in Gifting19:13 Gradual Gifting: A Practical Approach20:47 Pros and Cons of Gifting Money vs. Estate22:23 Tax Implications of Gifting24:49 Gifting Assets: Legal Considerations28:56 Updating Your Will and Final Thoughts on Gifting31:40 Conclusion and Final Advice

The FIRE Movement: Balancing Financial Independence and Early RetirementIn this episode of Barenaked Money, hosted by Ainsley Mackie and Devin Cattelan from Verecan Capital Management Inc., the discussion centers around the FIRE movement—Financial Independence, Retire Early—popular among millennials. The hosts explore the aggressive savings strategies required, such as saving up to 50% of income and living minimally. They discuss the practicality of this movement, introducing concepts like the Rule of 25 and the 4% rule, which offer guidelines for retirement savings. The episode emphasizes the importance of balancing immediate fulfilment with long-term financial goals, personalized financial planning, and potential drawbacks of common FIRE strategies. Through humorous anecdotes and insightful advice, they outline the value of tailored financial strategies over generic rules.00:00 Introduction to Barenaked Money00:12 Disclaimer and Legal Information00:28 Exploring the FIRE Movement01:24 Challenges and Realities of FIRE03:37 Rules of the FIRE Movement05:38 Personal Fulfillment and Retirement08:42 The Barista Movement and Retirement Plans14:24 Loud Budgeting and Financial Accountability18:13 Final Thoughts on FIRE and Financial Planning

The Dividend Debate: Unpacking the Myths and Realities of Dividend Investing In this episode of Barenaked Money, hosts Josh Sheluk and Colin White from Verecan Capital Management dissect the popular belief that dividend investing is a foolproof strategy. They discuss the underlying appeal of dividends and the potential misconceptions about dividend safety and provide insights into the historical performance of dividend-focused investments versus broad market indices. They also explore how the financial industry markets dividend products, the risks associated with over-concentrated dividend portfolios, and the importance of total return and diversification in investment strategy. The episode aims to demystify the complexity of dividend investing and emphasize the necessity of a well-rounded approach to portfolio management. 00:00 Introduction to Barenaked Money00:17 The Case Against Dividend Investing01:11 Why Dividends Are Popular03:27 Debunking the Risk Reduction Myth04:32 Interest Rate Sensitivity of Dividend Stocks06:57 The Evolution of Dividend Policies11:09 Dividend Strategies vs. Total Return21:29 The Pitfalls of Dividend-Focused Products29:45 Conclusion and Final Thoughts  

Breaking Down TD Bank's $2.6B Fine & The Canadian Banking LandscapeIn this episode of Barenaked Money, hosts Josh Sheluk and Colin White delve into TD Bank's recent $2.6 billion U.S. fine for anti-money laundering lapses in the States. They discuss how Canadian banks like TD operate in the U.S. market and the implications for their profitability and regulatory challenges. The conversation also touches on the Canadian banking system's stability and profitability, the impact of these international endeavors on Canadian investors, and the recent adjustments in U.S. jobs numbers and what they signify for market expectations. Josh and Colin offer a balanced discussion on the competitive edge of Canadian banks and their operational struggles abroad, providing a comprehensive view of current financial headlines.00:00 Introduction to Barenaked Money00:17 TD Bank's Money Laundering Scandal01:34 Impact on Canadian Investors02:16 Canadian Banks in the U.S. Market05:07 Profitability and Shareholder Returns08:37 Market Observations and Job Numbers12:21 Closing Thoughts and Disclaimers

Understanding Conflicts of Interest in Financial AdviceIn this episode of Barenaked Money, hosts Josh Sheluk and Colin White, portfolio managers at Verecan Capital Management Inc., delve into the complex topic of conflicts of interest in financial advice. They explore conflicts, including those seen in independent financial firms, private investment products, and sell-side research. Through recent examples and in-depth discussion, Josh and Colin emphasize the importance of understanding the business models and compensation structures behind financial advice to help protect and educate investors. They conclude by stressing the necessity of consulting genuine professionals while remaining vigilant of potential conflicts.00:00 Introduction to Barenaked Money00:19 Defining Conflict in Financial Advice02:28 Case Study: Wellington Altus and ETF Provider06:32 The Impact of Conflicts of Interest11:41 Regulatory Challenges and Industry Practices13:40 Verecan's Approach to Transparency16:16 The Broader Financial Landscape17:50 The Role of Business Models in Financial Advice22:02 The Rise of Private Investment Products22:50 Incentives and Pricing Discretion23:41 Conflicts of Interest in Private Investments24:37 The Attraction of Bad Actors25:14 The End of Investment Cycles26:27 Challenges in Evaluating Investments27:40 Case Study: Brookfield's Conflicts of Interest36:38 The Problem with Transactional Relationships39:05 Sell-Side Research and Its Conflicts41:55 Final Thoughts and Lessons44:05 Conclusion and Disclaimers

The news in review. In this episode of Barenaked Money, hosts Josh Sheluk and Colin White discuss the latest financial news, focusing on the recent trends in tech stocks, particularly the significant decline of NVIDIA and its implications. They delve into the potential bubble forming around AI investments, drawing parallels to the dot-com bubble. They also touch on the economic indicators from Canada and the US, such as GDP numbers and interest rates, and debate the potential for a 'soft landing' in the economy despite rising debt levels.00:00 Introduction to Barenaked Money00:23 Recent Market Highlights01:28 Tech Stocks and AI Investments04:11 Investment Strategies and Market Trends09:32 Economic Indicators and Interest Rates14:54 Conclusion and Disclaimers

Understanding Home Bias and Risk in Canadian Investment PortfoliosIn 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 Podcast00:15 Introducing Today's Topic: Canadian Investment Bias00:57 Understanding Home Bias in Canadian Investments01:30 Tax Benefits and Risks of Home Bias03:02 The Importance of Diversification08:39 Sector Concentration and Market Risks17:07 Global vs. Canadian Bonds25:34 Final Thoughts and Investment Philosophy26:34 Conclusion and Disclaimer

The Reality of Soft Landings: Myths, Markets, and Diversification StrategiesIn 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 Money00:13 Discussing the Soft Landing Myth01:00 Market Predictions and Economic Outlook03:13 The Magnificent Seven and Market Risks03:47 Diversification and Investment Strategies09:15 Economic Trends and Future Expectations

Estate Planning Mistakes: Common Errors and How to Avoid ThemIn 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 Money00:18 Estate Planning Mistakes: The Importance of Having a Will01:54 Procrastination and Estate Planning10:45 The Pitfalls of a Badly Drafted Will14:55 Updating Your Estate Plan18:15 Communication in Estate Planning26:33 Financial Considerations in Estate Planning30:18 Conclusion: The Importance of an Estate Plan32:30 Disclaimer and Closing Remarks

Barenaked Money: Understanding the Impact of Interest Rate Cuts on Your FinancesIn 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 Money00:19 Interest Rates and the Bank of Canada06:29 Impact on Borrowers and Mortgages09:11 Real Estate Market Insights13:09 Recession Concerns and Economic Outlook17:20 Investment Strategies and Portfolio Management23:26 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. 0:16They share some statistics and trends of the aging population in Canada and the implications for the demand and supply of elder care services. 1:20They 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. 12:16They 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. 8:45They 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. 16:42They also share some personal stories and experiences of dealing with elder care and estate planning in their own families. 4:18, 6:51, 15:40They 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, 25:13Care 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.htmlBenefit finder (Gov't of Canada)https://srv138.services.gc.ca/daf/q?id=d2e80a19-2881-4f00-bb3c-82ccb647daa6&goctemplateculture=en-ca

In this episode of Barenaked Money, hosts Colin White and Matthew Kempton are joined by Peter Fardy, principal at Northport Philanthropic. They discuss the intricacies of philanthropic giving, the importance of aligning donations with personal values, and how to create impactful and fulfilling giving strategies. Tune in to learn how to make your philanthropy more effective and meaningful.

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!

"In this episode of Barenaked Money, our hosts Josh Sheluk and Colin White, along with guests from the team, delve into real-life stories of the worst financial advice they've encountered. From eight-year car loans to misconceptions about real estate investments, this episode is packed with cautionary tales and insights on making prudent financial decisions."

In this compelling episode of Barenaked Money, join Colin White and guest Matt Kempton as we delve into the crucial conversation of money and estate planning. Discover the importance of discussing your estate plan with your family, the challenges and benefits that come with it, and how to navigate the biggest generational wealth transfer in Canadian history. This episode is a must-listen for anyone looking to make informed financial decisions for their future.

In this episode, Josh Sheluk and Colin White break down the complex world of retirement savings. They discuss pension plans, group RRSPs, and the key differences between defined benefit and defined contribution plans. Learn how each plan works, the benefits they offer, and why understanding longevity risk is crucial for your retirement strategy. Whether you're planning for retirement or just curious about your options, this episode offers valuable insights to navigate your savings plan effectively.

In this podcast episode, the hosts discuss the book "Thinking in Bets" by Annie Duke. They introduce the book and its author, highlighting Duke's background as a professional poker player and her expertise in decision strategy. The hosts then share their initial impressions of the book, with one host mentioning how it changed their perspective on decision-making as a form of betting. They discuss the concept of resulting and how it can impact decision-making, as well as the importance of evaluating the process rather than just the outcome. The hosts also discuss the value of uncertainty and the need to embrace it in decision-making. They mention various cognitive biases discussed in the book, such as loss aversion and temporal discounting, and how they can impact decision-making. The hosts share examples of decisions they have made differently since reading the book, such as changing morning routines and being more aware of biases in client interactions. They also discuss the value of having a diverse group of perspectives to challenge biases and improve decision-making. The hosts conclude by discussing the overall value of the book and its applicability to various aspects of life.

In this episode, we're tackling the hot topic of Canada's population growth and its economic implications. We're discussing the concept of a "population trap", as highlighted by National Bank Financial, and the critical need for increased investment in our capital stock. Join us as we delve into how immigration affects the housing market and the significance of policy reforms in combating the housing shortage. We also examine the downturn in private sector investment and conclude with strategies to enhance Canada's living standards. Dive in with us for a comprehensive analysis of paving the path to prosperity.

In this insightful episode, Verecan's VP of Marketing & Communications, Kathryn Toope, sits down with Josh Sheluk, Chief Investment Officer at Verecan Capital Management Inc., to delve into the core of Verecan's investment philosophy and process. Sheluk shares the firm's approach to navigating the unpredictability of the markets without engaging in futile forecasting. Through a blend of collaborative decision-making, diversification, and a keen focus on downside protection and risk assessment, they outline how they construct resilient investment portfolios. The conversation also covers their methodical approach to buying and selling investments, underscored by the importance of rigorous research and due diligence. Tune in to gain valuable perspectives on making prudent investment choices in an uncertain world.

In this episode of the Barenaked Money Podcast, join hosts Josh Sheluk and Matthew Kempton as they delve into key trends for 2024. Topics include the Canadian entrepreneurial renaissance, AI's impact on energy, the rise in centenarians, fertility trends, the future of private equity, changes in streaming services, and the growth of content creation as a career. They also discuss the importance of emotional well-being in retirement planning. Tune in for a lively debate and insightful perspectives on these emerging trends.

In this episode of the Barenaked Money Podcast, we explore the "Bank on Yourself" or infinite banking concept. Our hosts scrutinize the marketing claims and shed light on the often opaque world of the insurance industry. They emphasize the significance of aligning financial decisions with personal goals and caution against blindly following investment trends. While not opposing life insurance, the episode clarifies its appropriate use and warns against its exploitation.

In this captivating episode of the Barenaked Money Podcast, hosts Josh Sheluk and Colin White take listeners on a speculative journey into the financial year ahead. They approach the episode with a blend of scepticism and wit, reminding us that predicting the future is more art than science, and their insights are meant to stir curiosity rather than serve as concrete financial advice.Their discussions weave through an array of bold yet tongue-in-cheek predictions: a fleeting moment of Canadian inflation dropping under 2%, bonds unexpectedly trumping their past performance, and a surprising turn for the stock market's 'magnificent seven', potentially underperforming against the general market. They don't stop at finance, venturing into predictions of AI advancements and healthcare becoming a hot topic.Adding a twist, Colin humorously forecasts the launch of a novel investment product, likely mistimed, emphasizing the unpredictable nature of market trends. Both hosts playfully concede that accurately foreseeing the future is a near-impossible feat, setting expectations for a year filled with unforeseen developments and surprises. Tune in for an episode that expertly balances financial insights with a healthy dose of realism and humour.

Welcome to a thrilling new episode of the Barenaked Money Podcast, where your favourite financial wizards, Josh Sheluk and Colin White, revisit their predictions from yesteryear! Bonds danced to an unpredictable tune, interest rates whispered secrets of the future, and inflation played hide and seek with your savings. That's the world Josh and Colin will navigate you through. They'll dive deep into the enigmatic world of GICs and unravel whether the advice of billionaires can help your financial decision-making.But that's not all. Our hosts will turn the spotlight inward, reflecting on their foresight for their own company. Did they hit the bullseye, or did their predictions veer off course? They'll dissect their hits and misses with humour, humility, and a touch of genius. Tune in and let the journey begin!

In this episode of the Barenaked Money Podcast, the hosts discuss various events and trends that have occurred over the past four years. They touch on topics such as delayed weddings due to the pandemic, the impact of the pandemic on the global economy, the invasion of Ukraine by Russia, central banks raising interest rates, inflation rates, and the possibility of a recession in 2023. The hosts emphasize the importance of not being too confident in predictions and the global economy's resilience. They also highlight the need for a financial advisor to provide guidance and perspective during uncertain times.

In the latest episode of "Barenaked Money Podcast," join us as we welcome the insightful Matt Kempton for a deep dive into the whirlwind of events that have shaped the last four years. This episode is a rollercoaster ride through time, revisiting landmark moments like the tumultuous COVID-19 pandemic, the gripping global recession, and the groundbreaking development of vaccines. Colin & Matt navigate the choppy waters of supply chain disruptions and the soaring waves of inflation with sharp wit and profound insights.Witness a thought-provoking conversation that challenges the norm as they explore the delicate art of distinguishing genuine investment opportunities from mere noise in the chaos of world events. Get an insider's look into the daunting challenges central bankers face as they steer the ship of the economy through uncharted waters of uncertainty.It's not just a podcast episode; it's a journey through space & time and a treasure trove of insights. Tune in and come along for the ride.

In this podcast episode, the hosts discuss the concept of tax loss selling and whether it is a valuable strategy for investors. They argue that while tax considerations are important, they should not be the primary factor in making investment decisions. They emphasize the need to consider the overall quality and performance of investments, rather than solely focusing on tax benefits. The hosts also discuss the potential risks and limitations of tax loss selling, such as the superficial loss rules and the potential for missed investment opportunities. They suggest that investors should carefully weigh the costs and benefits of tax loss selling and consider their individual circumstances before making any decisions.

The hosts discuss various financial topics in this episode of the Barenaked Money podcast. They talk about the possibility of Canada experiencing a recession and whether the recent negative GDP growth could end the recession cycle. They also discuss the performance of bonds and stocks in the next five years, the unpredictability of geopolitical events, and their impact on investments. The hosts emphasize the importance of not trying to predict the future and instead planning for multiple futures and investment outcomes. They also highlight the need for investors to have a diversified portfolio and not make hasty decisions based on news events.

In this episode of the Barenaked Money Podcast, the hosts discuss investment performance. They talk about the challenges and opportunities in the current market, including high valuations and the attractiveness of bonds. They also share their experiences with specific investment decisions, such as buying Shopify and the frustrations of investing in high-growth stocks. The hosts emphasize the importance of having a balanced and patient approach to investing. They also mention upcoming content on performance and index investing.

In this episode of our financial services podcast, we delve into the art of adapting your budget to the ever-changing economic landscape without compromising your long-term financial objectives. We explore practical strategies, from overcoming the fear of missing out (FOMO) to discovering cost-free means of entertainment and embracing home-cooked meals. However, our central focus remains on the power of keeping your sights firmly fixed on your future financial goals, ensuring that you don't feel deprived in the present. Tune in for actionable insights to navigate the economic climate with savvy financial planning and achieve lasting financial security.

In this episode of the Barenaked Money podcast, hosts Colin White and Mitch Silber discuss the First Time Home Savings Account (FHSA) in Canada. They explain that the FHSA is a registered account created by the federal government to help prospective first-time homebuyers save for their first home tax-free. However, eligibility criteria must be met, such as being Canadian, being 18+, and not having owned a home in the past calendar year or the previous four calendar years. The maximum annual contribution is $8,000, with a lifetime limit of $40,000. The hosts debate whether the FHSA will actually solve the housing affordability crisis in Canada, with Colin expressing scepticism and Mitch highlighting the potential benefits of the account. They also discuss different scenarios in which the FHSA could be a useful planning tool, such as for young couples saving for a down payment or for parents wanting to help their children buy a home. They emphasize the importance of considering individual circumstances and goals when deciding how to use the FHSA. The hosts also mention that the program could potentially change in the future, so it's important to stay informed and regularly review financial plans.

Does the industry do a bad job of communicating important things? Colin & Josh have opinions, as they usually do. 

Colin & Josh assault one another's deeply held beliefs in this week's episode of Barenaked Money. You might be surprised what is and isn't...true. 

If your mortgage is up for renewal, or your variable rate has been more variable than you expected, things might be a little stressful at the moment. (Or you might already be stressing about some renewal date in the future because linear time is a human construct, and so is anxiety...) Check out what Colin and Josh say about the options you may have before you and what they mean long- and short-term.