Think Smart with TMFG

Welcome to Think Smart with TMFG. In this engaging episode, hosts Rob McClelland and Mike Connon are joined by financial advisor and insurance specialist John Iaconetti, as they delve into the complexities of insurance. From the chaotic streets of the Philippines to the intricacies of the insurance industry, they explore why insurance is often perceived as both a blessing and a curse. Discover the reasons behind the high costs associated with insurance, the role of reinsurance, and how insurance companies manage to stay profitable despite disasters. John shares insights on the importance of insurance in safeguarding income and other significant assets, emphasizing why it is considered a necessary evil in financial planning. Through real-world examples and expert discussions, learn about different types of insurance, including health, critical illness, and travel, and their roles in protecting individuals and families from unforeseen financial burdens. This episode provides valuable guidance on making informed insurance decisions to ensure a secure financial future.

Welcome to Think Smart with TMFG, your go-to podcast for relevant news impacting Canadians. In this episode, hosts Rob McClelland and Mike Connon from Assante Capital Management explore the indicators of an impending recession and discuss potential strategies for navigating economic downturns. From the role of market behaviour to the impact of tariffs and layoffs, gain valuable insights into how a recession is defined and what to watch out for. Learn about historical recessions and get practical tips for personal finance and business preparedness. Tune in to stay informed and learn how to build resilience in times of financial uncertainty.

In this week's episode of Think Smart with TMFG, Senior Financial Advisors Rob McClelland and Mike Connon from Assante Capital Management discuss one of the most frequently asked questions about retirement: Will you spend more or less once you stop working? Drawing from a recent Globe and Mail study, Rob and Mike explore real-world retirement spending patterns and challenge the notion that inflation impacts Canadians over 65 the same way it does everyone else. They unpack generational spending habits, shifting lifestyle priorities, and the importance of tailoring your financial plan to reflect how retirement spending really works. Whether you're nearing retirement or planning well ahead, this episode offers valuable insights into how to build a strategy that supports both your needs and your goals in the years ahead. Don't miss this essential conversation about making your retirement both sustainable and enjoyable.

Welcome to another episode of Think Smart with TMFG, where Senior Financial Advisor Mike Connon of Assante Capital Management is joined by Senior Financial Advisor special guest Carlo Cansino for a dive into recent political changes in Canada. With Mark Carney stepping in as the new Prime Minister, Mike and Carlo explore how his leadership is shaping the nation's direction—tackling issues like national sovereignty, trade relations, and sweeping economic reforms. From resisting U.S. pressures to eliminating the carbon tax, they break down what these shifts mean for investors, business owners, and everyday Canadians alike. Tune in for a thoughtful discussion on the election aftermath, Canada's renewed focus on urban development and housing affordability, and the future of international trade partnerships. Plus, get expert analysis on the capital gains tax overhaul and how it could impact Canadian businesses, estates, and long-term wealth strategies. If you want to understand how today's politics are influencing tomorrow's financial landscape, this is an episode you won't want to miss.

Welcome to another episode of Think Smart with TMFG, where Senior Financial Advisors Rob McClelland and Mike Connon of Assante Capital Management tackle the age-old question: when should you do it yourself, and when is it smarter to leave it to the pros? From scrubbing garage floors to managing investment portfolios, they explore a wide range of scenarios—financial and otherwise—where calling in an expert can save you time, money, and stress. Tune in as Rob and Mike share personal stories, practical advice, and a helpful checklist to guide your decision-making: Do you enjoy the task? Do you have the time? And most importantly, do you have the right skill set? Mike breaks down the hidden costs of DIY gone wrong, while Rob explains how professionals can bring both peace of mind and better results. Whether you're a hands-on problem solver or a fan of strategic delegation, this episode offers valuable insight—and a few laughs—on how to make smarter choices every day. Sometimes, the smartest move is knowing when not to do it yourself.

In this week's episode of Think Smart with TMFG, Senior Financial Advisors Rob McClelland and Mike Connon from Assante Capital Management discuss why it's so important for clients to come into the office. In an increasingly digital world, face-to-face meetings still play a critical role in building strong financial plans. Tune in as they share how in-person conversations lead to deeper understanding, better decision-making, and more personalized advice—plus how regular check-ins help keep your financial goals on track.

Welcome to this week's episode of Think Smart with TMFG! Join Senior Financial Advisors Rob McClelland and Mike Connon from Asante Capital Management as they break down the key differences between fee-based and fee-for-service advisors, helping you figure out which model best supports your financial goals. Are you overpaying for financial advice? And how much does your advisor's fee structure really affect how well your financial plan gets implemented? Rob and Mike dive deep into the real costs, levels of accountability, and execution challenges that come with different types of financial planning. Learn why implementation can be one of the toughest parts—and how choosing the right advisor can make all the difference in keeping your investments, retirement, and estate planning on track. Tune in, and don't miss this chance to cut through the noise and get smarter about your financial future!

In this week's episode of Think Smart with TMFG, Senior Financial Advisors Rob McClelland and Mike Connon from Assante Capital Management explore the growing conversation around tariffs and their impact on the economy. With trade tensions rising and new tariffs making headlines, they break down what this means for consumers, businesses, and investors alike. Tune in as they discuss how shifting global trade policies could influence markets and offer tips on staying financially resilient in an uncertain economic climate.

In this week's episode of Think Smart with TMFG, Senior Financial Advisors Rob McClelland and Mike Connon of Assante Capital Management discuss the true purpose of money: spending it wisely. They explore the concept that money isn't just for saving, but for investing in experiences and things that add value to your life. Tune in to hear their insights on how to create a balanced approach to managing your finances, and why understanding the role of money in your life can lead to more fulfillment and financial freedom!

In this week's episode of Think Smart with TMFG, Senior Financial Advisors Rob McClelland and Mike Connon of Assante Capital Management explain why you should stop buying individual stocks. They break down the risks and common misconceptions about stock picking, and share smarter investment strategies to build long-term wealth. Tune in to learn why diversifying your portfolio and avoiding individual stocks could be a game-changer for your financial future!

In this week's episode of Think Smart with TMFG, Senior Financial Advisors Rob McClelland and Mike Connon of Assante Capital Management walk you through the common mistakes Canadians often make when filing their tax returns. From missed deductions to misunderstood tax credits, these errors can cost you more than you think. Tune in to learn how to avoid these pitfalls and ensure your tax return is as smooth as possible!

Join Senior Financial Advisors Rob McClelland and Mike Connon of Assante Capital Management in this special 300th episode of Think Smart with TMFG. They delve into the ten reasons why Canadian banks might not have your best interests at heart. From high fees and lack of transparency to conflicts of interest and unfair lending practices, this episode sheds light on the practices that might affect you as a banking customer. Listen in to explore how corporate greed and limited competition shape the financial landscape in Canada. Don't miss this insightful discussion on the potential disconnect between profit-making and client service in the banking sector.

Welcome to "Think Smart with TMFG," where hosts Rob McClelland and Mike Connon delve into the latest developments in the Canadian stock market. This episode explores the transformation of Canadian corporations over the past 30 years, comparing their evolution to their US counterparts. With an eye on the future, the hosts discuss the importance of global diversification, revealing why a Canadian-only investment portfolio no longer suffices. Tune in to understand the challenges and opportunities facing Canadian investors in an increasingly interconnected world.

In this episode of "Think Smart with TMFG," hosts and senior financial advisors Rob McClelland and Mike Connon of Assante Capital Management delve into the second half of a series on common portfolio management mistakes. Following up on their previous discussion, they tackle reasons 11 to 20 that could hinder your financial growth and success. Join the hosts as they break down complex investment concepts such as understanding performance metrics, the influence of media, inflation considerations, and market timing pitfalls. They emphasize the importance of thorough due diligence, choosing the right advisor, and maintaining control over controllable financial aspects. This insightful conversation aims to help everyday Canadians better understand their investment strategies, offering practical tips to build a more robust and resilient portfolio. Discover expert advice that paves the way for smarter financial decisions and long-term financial stability.

In this episode of Think Smart with TMFG, hosts Rob McClelland and Mike Connon dig into ten crucial investment mistakes that are often overlooked by everyday investors. From overly optimistic return expectations to the dangers of neglecting diversification, they unravel these pitfalls using real-world experiences. Listen in to gain insights into correcting these errors and enhancing your financial strategy. The road to smarter investing starts here.

Join hosts Rob McClelland and Mike Connon in this week's episode of "Think Smart with TMFG" as they delve into the controversial figure of Donald Trump and his impact on Canada-U.S. relations. Through personal anecdotes and analysis, they examine Trump's history of bullying tactics, his approach to tariffs, and the potential economic repercussions on both sides of the border. Discover insights into how Trump's strategies have unfolded, from the infamous New York speech to political maneuvers that have left lasting impressions on the global stage. Rob and Mike explore the intricate dynamics of trade agreements, tariffs, and their broader implications on markets and industries. Tune in to learn about the resilience needed to navigate these uncertain times and how sticking to a well-designed financial plan can be crucial amidst the noise. "Think Smart with TMFG" offers a compelling discussion on economics, politics, and the way forward for Canadians in an ever-changing world.

In this episode of "Think Smart with TMFG," hosts Rob McClelland and Mike Connon delve into the heated debate surrounding Bitcoin's investment potential. As cryptocurrencies gain mainstream attention, they explore whether now is the opportune moment to invest, especially with Bitcoin's value surpassing $100,000 per coin. Rob and Mike discuss the rise of cryptocurrencies, the sheer number of digital currencies created, and the issues of concentration and market manipulation. They also highlight the risks faced by small investors and the dominance of top holders in the Bitcoin market. Listeners will hear fascinating insights into cryptocurrency's volatility, historical crashes, and the unique challenges of digital asset ownership. Tune in for an engaging discussion on the future of Bitcoin and its role in modern investment portfolios.

Join hosts Rob McClelland and Mike Connon on this week's episode of Think Smart as they explore the timely topic of knowing when to replace your financial advisor. Drawing parallels between outdated dental care and financial mismanagement, the duo shares insights and real-life stories illuminating the costs of staying with an advisor past their prime. Many cling to long-term relationships with advisors despite signs of waning interest or performance, risking their financial well-being. This episode highlights crucial indicators that it might be time for a change, such as outdated tools, lack of proactive financial strategies, and inactive management of your portfolio. Rob and Mike emphasize the importance of modern technological integration and fresh perspectives in ensuring your financial health and success. Learn the key strategies to assess your current advisor's effectiveness and discover the difference a forward-thinking, engaged advisor can make for your financial future. Tune in with Rob and Mike to understand when loyalty may no longer be an asset and how to make informed decisions to keep your finances on the right track!

Welcome to Think Smart with TMFG, your go-to podcast for insightful discussions about financial matters that impact everyday Canadians. In this episode, hosts Rob McClelland and Mike Connon delve into a recent Fidelity Report on Retirement, shedding light on Canadian optimism and challenges surrounding this crucial life stage. Join us as we explore why having a financial plan significantly boosts retirement confidence and the varied experiences across different provinces. At the heart of the conversation is the discovery that despite economic uncertainties like rising interest rates and inflation, many Canadians maintain an optimistic outlook on retirement, especially those equipped with a financial plan. We'll discuss the essential priorities for pre-retirees and retirees, the role of financial advisors in offering peace of mind, and a look at the specific hurdles faced by Canadians delaying retirement. As this episode marks the final recording from their Thornhill office studio, tune in to gain practical advice and a clearer perspective on the path to a secure and fulfilling retirement.

Welcome to this week's episode of Think Smart with TMFG, hosted by Senior Financial Advisor Rob McClelland and Mike Connon from Assante Capital Management. This episode delves into the critical importance of optimism in the face of market fluctuations and global changes. Rob and Mike begin by discussing a recent significant market sell-off, examining the importance of data verification, and maintaining a positive outlook despite negative headlines. They explore how this perspective applies across different areas, from financial advising to personal endeavors. The hosts share insights on rising interest rates and inflation, and how understanding these elements can empower more informed financial decisions. Furthermore, they highlight the transformative impact of artificial intelligence on business efficiency, communication, and service delivery. The discussion also covers societal changes, such as increased global awareness, diversity, inclusion, and the surge in youth activism. These elements are reshaping the world positively, fostering a sense of abundance rather than scarcity. Through thought-provoking anecdotes and examples, Rob and Mike emphasize the empowering nature of optimism, encouraging listeners to adopt this mindset to enhance personal and professional well-being. Join Rob and Mike in understanding how embracing change and leveraging innovation can pave the way for a more prosperous and connected future.

In this episode of Think Smart with TMFG, hosts Rob McClelland and Mike Connon delve into the increasing concentration of the stock market, focusing on the dominance of massive corporations known as the Magnificent Seven. Explore how companies like Apple, Nvidia, and Meta are not just leading in the US but also on a global scale, and what this means for investors and market dynamics. The hosts compare market concentration across different countries, revealing interesting contrasts between tech-heavy industries in the US and traditional bank-led markets in Canada. The discussion extends globally, highlighting market trends in China, Germany, France, Saudi Arabia, and more, as these nations also exhibit varying levels of corporate concentration. Discover the mechanisms by which these giants grow, often through acquisitions, and the resultant impact on market structure and investor strategies. The episode underscores the importance of diversification in investment portfolios and how sector-specific concentrations in different countries necessitate a broadened investment perspective.

Join hosts Rob McClelland and Mike Connon of Assante Capital Management as they mark the 20th anniversary of their partnership with Dimensional Fund Advisors. In this episode of Think Smart with TMFG, they reflect on the transformative journey that began two decades ago at a pivotal conference in Dallas, Texas. Discover how their shift from active management and high-fee investment solutions to DFA's innovative, cost-effective approach has not only revolutionized their own investment strategies but also enhanced client outcomes. Explore the key values and strategies that have driven their success—tremendous diversification, value investing, and small-cap exposure. Learn how embracing DFA's solutions has led to improved financial plans, lower fees, and better client returns, alongside a strong commitment to continuous innovation and adherence to best practices—all while maintaining independence and avoiding conflicts of interest.

Welcome to another episode of Think Smart with TMFG, where hosts Rob McClelland and Mike Connon of Assante Capital Management dive into the dynamics of private wealth management. This week, we dissect the transformation of private wealth offices into publicly traded company divisions and explore the implications of this shift. We draw parallels between private wealth management and the evolution of luxury brands, highlighting the changes in exclusivity and personalized service. You'll gain insights into how modern financial institutions bundle services to capture clients and how this affects the core idea of private wealth exclusivity. Additionally, we introduce the Diamond Service Package, a unique offering by the McClelland Financial Group, designed to provide personalized and high-end financial management services for clients with substantial assets. Join us to explore how private wealth is redefined today, and what it means for the affluent seeking specialized attention.

In this episode of Think Smart with TMFG, hosts Rob McClelland and Mike Connon discuss the exciting news that their team is relocating after 20 years at 7787 Yonge Street. They delve into the reasons behind their decision, from increased rent to space constraints for their growing team, currently consisting of 19 members. Rob and Mike share insights into their new location at 675 Cochran Drive, highlighting its easy access, ample parking, and proximity to client bases. The hosts also touch on the modern design of their new office, which features specialized Zoom rooms, multiple meeting rooms, and a state-of-the-art video room for content creation. These updates cater to the shifting dynamics of client meetings post-COVID, where many interactions now occur via Zoom. Rob and Mike emphasize their commitment to maintaining strong client relationships and preparing the firm for future generations. Furthermore, the episode reveals plans to open the new office by January, complete with an invitation to a future cocktail party. Throughout, Rob and Mike's dedication to providing exceptional service and a seamless transition for their clients shines through, setting the stage for an exciting chapter in the McClellan Financial Group's journey.

Join Rob McClelland and Mike Connon of Assante Capital Management on this episode of Think Smart with TMFG as they delve into the often underestimated journey of home renovations. Drawing from personal experiences, Rob and Mike explore the unforeseen challenges and expenses that come with upgrading your home, whether it's a simple bathroom update or a full-scale renovation. Expect the unexpected as they share valuable lessons learned, from unexpected material costs to delays and permit issues, emphasizing the rule of thumb that projects may take twice as long and cost twice as much as anticipated. Through this engaging discussion, discover why these frustrations are often worthwhile, resulting in spaces tailored to your desires.

Welcome to another episode of Think Smart with TMFG, where hosts Rob McClelland and Mike Connon delve into the unique dynamics of family-owned businesses. Discover how these enterprises make up 63% of private sector firms in Canada, driving nearly 50% of the nation's private sector GDP and offering employment to 7 million Canadians. Explore the passionate commitment, long-term planning, and entrepreneurial spirit that sets family businesses apart from their corporate counterparts. From authentic personal relationships with customers to fostering employee satisfaction and loyalty, family-owned businesses boast a distinctive edge in today's market landscape. Learn about the challenges they face, such as survival beyond the third generation, and uncover the strategies they employ to ensure success. Rob and Mike discuss notable long-lasting family businesses like L'Oréal and Walmart, highlighting their dedication to strong values, flexibility, and a commitment to quality and sustainability.

Join Senior Financial Advisor Rob McClelland and Mike Connon of Assante Capital Management on this week's episode of "Think Smart with TMFG" as they delve into the pressing question: Is the U.S. market overvalued? Drawing insights from Ben Carlson's blog, "Wealth of Common Sense," they explore the intricacies of market valuations and the factors driving current stock prices. The discussion examines the price-to-earnings ratios of large, mid, and small-cap U.S. companies, revealing insights into whether the market is experiencing a bubble. Rob and Mike also consider the role of earnings, inflation, and the impact of AI on stock valuations. They analyze the potential overvaluation of major companies like Tesla and Nvidia, pondering if their growth is sustainable. Finally, the episode evaluates investment strategies amidst the current market landscape, highlighting the value in small and mid-sized companies and the importance of maintaining a balanced portfolio. Tune in to gain a deeper understanding of market dynamics and the opportunities that lie ahead.

In this episode of "Think Smart with TMFG," hosts Rob McClelland and Mike Connon of Assante Capital Management delve into the enduring vitality of capitalism worldwide. Despite global challenges, capitalism is thriving, as demonstrated by Rob's recent travels to Vietnam, Thailand, and Singapore. He shares his firsthand observations of bustling economies, low crime rates, and the flourishing tourism sector. Rob discusses the impact of the recent US election on markets and highlights the adaptability and resilience of businesses in the face of adversity. With a focus on the Southeast Asian experience, he contrasts the vibrant street food culture and affordable dining options with North America's expensive dining scene. He also explores the efficiency of public transportation and airline services in the region compared to North American standards. The episode concludes with reflections on global governance, public sentiment towards governments, and the stringent penalties in place that contribute to low crime rates. Tune in for an insightful discussion on global capitalism's strength and the lessons it holds for everyday Canadians.

Join hosts Rob McClelland and Mike Connon on "Think Smart with TMFG" as they delve into the world of investment premiums and how they can enhance your returns. Discover what equity, size, value, and profitability premiums are, and learn how these factors can work together to maximize your investment strategy. In this episode, Rob and Mike break down the equity premium, explaining how investing in stocks can yield higher returns compared to risk-free assets like treasury bills. They also explore the size premium, shedding light on the potential benefits of investing in small-cap companies despite the associated risks. The discussion continues with the value premium, emphasizing the long-term advantages of investing in undervalued stocks, and the profitability premium, which highlights the potential of companies with strong profit margins. The hosts also tackle the challenges of timing these premiums and the importance of evidence-based investing. Tune in to gain valuable insights and strategies to optimize your portfolio and achieve better financial outcomes over time.

In this episode of "Think Smart with TMFG," hosts Rob McClelland and Mike Connon delve into the notion that despite global challenges, there's a silver lining in the world today. Drawing inspiration from an insightful article by Ben Carlson, they explore the concept of happiness and wealth, highlighting the significant decline in extreme poverty worldwide. Rob and Mike discuss how the media's portrayal of events can often seem more dire than reality, sharing personal anecdotes to illustrate their point. They delve into the statistics that show a marked decrease in extreme poverty from 1900 to 2024, demonstrating that progress is indeed being made. The hosts also examine the intricate relationship between wealth and happiness, discussing studies that reveal happiness tends to increase with wealth only up to a certain point. They emphasize the importance of perspective and gratitude, especially for those fortunate enough to live in prosperous countries like Canada. Tune in to discover how a positive outlook and the drive for improvement can help navigate the complexities of the modern world, and why it's essential to appreciate the progress being made globally.

In this episode of "Think Smart with TMFG," hosts Rob McClelland and Mike Connon tackle the pervasive issue of financial fraud. With scams becoming increasingly sophisticated, they explore eight crucial strategies to help you safeguard your finances. The discussion is inspired by an insightful article by Mark McGrath, published in the Globe and Mail. Rob and Mike delve into the importance of verifying credentials, recognizing too-good-to-be-true offers, and being wary of unsolicited investment pitches. They also emphasize the need to understand investments thoroughly and avoid pressure tactics that can lead to hasty decisions. Listeners are encouraged to trust their instincts and stay informed about current scams. The hosts highlight the value of seeking advice from trusted financial advisors and obtaining second opinions to ensure sound financial decisions. Tune in to arm yourself with knowledge and protect your financial well-being.

In this episode of "Think Smart with TMFG," hosts Rob McClelland and Mike Connon delve into the new mortgage rules introduced for first-time homebuyers in Canada. With the Liberal Party trailing in the polls, the hosts compare these changes to a strategic move in a hockey game, questioning whether they are beneficial or detrimental to new entrants in the Canadian housing market. The discussion highlights the return of the 30-year mortgage option, allowing buyers to stretch payments over a longer period. While this could mean lower monthly payments, the hosts scrutinize the potential downsides, such as extended debt and increased lifetime interest payments. The episode also covers the increase in the minimum down payment for insured mortgages, reflecting the rise in housing prices. Rob and Mike explore the implications of these changes, weighing the benefits for banks against the challenges faced by homebuyers. They propose potential solutions to improve housing affordability, such as increasing housing supply and adjusting immigration rates. Tune in to understand the complexities of Canada's housing market and the impact of these policy shifts.

In this episode of "Think Smart with TMFG," hosts Rob McClelland and Mike Connon delve into the elusive concept of the "magic bullet" in investing. While many seek quick solutions in areas like weight loss or finding a partner, investing requires a more nuanced approach. Rob and Mike explore the key principles that successful investors share, highlighting the importance of starting early, diversifying, and maintaining a long-term perspective. They discuss the crucial role of understanding what you're invested in, managing emotions, and the significance of rebalancing your portfolio. The episode also emphasizes the value of focusing on asset allocation and the necessity of continuous learning to stay informed in the ever-evolving financial landscape. Join Rob and Mike as they uncover the simple yet effective strategies that serve as the true "magic bullets" to a successful investment journey, ensuring financial stability and growth over time. Whether you're a seasoned investor or just starting out, this episode offers valuable insights to enhance your financial planning efforts.

Welcome to another episode of Think Smart with TMFG, your go-to podcast for news and insights relevant to everyday Canadians. Join Senior Financial Advisor Rob McClelland and Mike Connon of Assante Capital Management as they delve into the 20 crucial questions you need to consider if you're thinking about retirement. In this episode, Rob and Mike guide you through a self-assessment to determine your retirement readiness. You'll score yourself on topics ranging from updating financial goals and creating detailed financial plans to ensuring you have adequate savings, debt reduction strategies, and proper insurance coverage. Additionally, they discuss the importance of having a globally diversified portfolio, understanding your risk profile, and keeping tabs on investment fees. Estate planning essentials, such as having an updated will and power of attorney, are also covered. Finally, Rob and Mike emphasize the significance of involving both partners in financial decisions and taking advantage of all available tax breaks. By the end of this episode, you'll have a clear understanding of where you stand and what steps you need to take to secure a comfortable retirement.

Welcome to "Think Smart with TMFG," your go-to weekly podcast for what's newsworthy and relevant to everyday Canadians. Join Senior Financial Advisor Rob McClelland and Mike Connon of Assante Capital Management as they delve into the significant transformation in the world of finance. In this episode, Rob and Mike discuss the collapse of the four traditional pillars of finance: banking, trust companies, investment companies, and insurance companies. They explore how these once-separate entities have merged, leading to potential conflicts of interest and impacting consumer protection. Discover the implications of this convergence on corporate profits, client services, and the overall financial landscape in Canada. Rob and Mike share personal experiences and provide insights into navigating this new financial terrain, emphasizing the importance of independent financial advice. Tune in to understand how these changes affect you and what steps you can take to ensure your financial well-being in a rapidly evolving industry.

Welcome to another insightful episode of "Think Smart with TMFG," hosted by Senior Financial Advisor Rob McClelland and Mike Connon of Assante Capital Management. This week, Rob and Mike dive into their new portfolio asset mixes and market expectations, debunking the myths around passive investment strategies. Discover how they utilize a detailed risk questionnaire to tailor portfolios to individual clients, and explore the seven different asset mixes they offer. Learn about the role of technology and AI in portfolio management, the importance of considering tax consequences, and the benefits of global portfolios. Rob and Mike also discuss the impact of equity percentages on returns, the importance of investment policy statements, and their meticulous rebalancing strategies. They provide valuable insights into financial planning, including the use of Monte Carlo analysis for retirement scenarios and the significance of portfolio x-rays. Tune in to gain a deeper understanding of how to optimize your investments and achieve the highest return for your risk profile. Don't miss this opportunity to think smart about your financial future!

Welcome to another episode of "Think Smart with TMFG," your go-to podcast for newsworthy and relevant topics for everyday Canadians. Hosted by Senior Financial Advisor Rob McClelland and Mike Connon of Assante Capital Management, this week's episode dives into the vital topic of trip and cancellation insurance. As we enter the fall travel season, Rob and Mike discuss the importance of having the right insurance coverage before embarking on your journey. From unexpected medical emergencies to the financial pitfalls of travel mishaps, they share real-life experiences and expert advice to ensure you're fully prepared. Discover the differences between trip cancellation and medical insurance, the limitations of credit card coverage, and the benefits of annual travel insurance plans. Whether you're planning a short getaway or an extended vacation, this episode provides invaluable insights to protect your travel investment and peace of mind. Don't miss out on this essential guide to safeguarding your travels. Tune in and travel safe with Think Smart and TMFG.

Welcome to Think Smart with TMFG, your go-to podcast for newsworthy and relevant insights for everyday Canadians. Hosted by Senior Financial Advisor Rob McClelland and Mike Connon of Assante Capital Management, this episode dives deep into a topic many avoid—visiting a financial advisor. Rob and Mike draw parallels between avoiding the dentist and the hesitancy to seek financial advice. They explore common reasons people resist consulting financial advisors, including fear of judgment, lack of financial knowledge, perceived costs, and procrastination. Through engaging anecdotes and professional insights, they emphasize the importance of overcoming these barriers for better financial health. Tune in to understand why many Canadians hesitate to seek financial guidance and discover how a financial advisor can offer peace of mind, save time, and help secure your financial future.

Welcome to another episode of Think Smart with TMFG, your go-to podcast for newsworthy and relevant financial insights for Canadians. Join your hosts, Senior Financial Advisor Rob McClelland and Mike Connon from Assante Capital Management, as they delve into the pressing question: "Does Value Matter Anymore?" This week, Rob and Mike explore an insightful article by Richard Bernstein discussing the current state of value investing in today's market. Despite value investing's underperformance compared to growth investing over the past 20 years, they emphasize its long-term benefits and why it remains a cornerstone of their investment strategy. Using relatable analogies like grocery shopping at Walmart vs. Longo's, they break down the concept of value investing and its historical outperformance. They also touch on the human tendency to follow trends and how this impacts market behavior, particularly with high-flying tech stocks like Google, Apple, and Nvidia. Join Rob and Mike as they share personal stories and practical examples, from buying groceries and houses to choosing the right car, all to illustrate the enduring principles of value investing. Learn why patience and a focus on value can lead to sustainable long-term gains, even in a market enamored with growth. Tune in to understand why value investing is not just a strategy but a mindset that could be crucial for your financial future.

Welcome to another episode of "Think Smart with TMFG," your go-to podcast for newsworthy insights relevant to everyday Canadians. In this episode, Senior Financial Advisor Rob McClelland and Mike Connon of Assante Capital Management dive into a hot topic: Does the stock market really care about the upcoming election? Rob and Mike address common concerns such as market volatility, inflation, and interest rates in the context of election results. They emphasize that while elections can cause short-term fluctuations, they do not necessitate drastic changes to your investment strategy. Drawing from historical evidence, they illustrate how markets have performed under various U.S. presidents, debunking the myth that a new administration will drastically alter your financial future. They also highlight the limited power of the U.S. president compared to the Canadian prime minister and remind listeners that the fundamental need for goods and services remains constant, regardless of political changes. Rob and Mike conclude with practical advice. Join Rob and Mike for a data-driven discussion that reassures you that staying the course is often the best strategy. For more insights, visit tmfg.ca.

Welcome to Think Smart with TMFG, your weekly podcast on what's newsworthy and relevant to everyday Canadians. Join Senior Financial Advisor Rob McClelland and Mike Connon of Assante Capital Management as they delve into the looming bear market. In this episode, Rob and Mike draw intriguing parallels between real-life bear encounters and market downturns. Mike shares his experiences with black bears during canoe trips, highlighting the importance of preparation. This sets the stage for a deep dive into the recent market corrections and the factors triggering these changes, such as rising unemployment and Japan's interest rate adjustments. The discussion explores historical bear markets, drawing lessons from past financial crises and speculating on potential future triggers. Rob and Mike also outline the strategies employed by the McClellan Financial Group to navigate and mitigate the impact of bear markets, ensuring clients' financial plans remain robust. Tune in to learn how to stay prepared for market fluctuations and understand the broader economic forces at play.

Welcome to another episode of Think Smart with TMFG, hosted by Senior Financial Advisor Rob McClelland and Mike Connon of Assante Capital Management. In this episode, we delve into the growing trend of young Canadians choosing to manage their own investments, bypassing traditional financial advisors. We explore the factors driving this shift, such as the increased reliance on social media for financial advice and the impact of recent market conditions. We'll also discuss the potential pitfalls of DIY investing, including the challenge of distinguishing good advice from bad on platforms like YouTube, Instagram, and TikTok. Rob and Mike highlight the importance of professional financial advice and the value it adds, from behavioral coaching to tax-smart planning. They also examine how robo-advisors are performing and why not all of them are created equal. Tune in to understand the nuances of this trend and how it could affect your financial future. Don't forget to subscribe for more insights on achieving your best retirement ever!

Welcome to Think Smart with TMFG, your go-to podcast for newsworthy and relevant financial insights for everyday Canadians. Hosted by Senior Financial Advisor Rob McClelland and Mike Connon of Assante Capital Management, this episode dives into an important question: How much of your portfolio should be invested in the Canadian stock market? Rob and Mike explore a recent study by Vanguard that reveals Canadians are significantly overweight in domestic holdings. They break down the implications of having 50% of a portfolio in Canadian equities when Canada represents only 2.6% of the global stock market. The discussion covers the historical context, the impact of limited diversification, and the risks associated with being overly concentrated in Canadian stocks. They also compare the performance of Canadian equities against global markets over the past decade, emphasizing the benefits of a diversified portfolio. Learn what major pension plans are doing and get expert advice on balancing your portfolio with a reasonable allocation to Canadian stocks. Rob and Mike provide actionable insights on regular rebalancing and the importance of reflecting global diversity in your investments. Tune in to understand why diversification is considered the 'free lunch' of investing and how it can help reduce risk and potentially improve returns. Don't miss out on this informative episode that could reshape your investment strategy!

In this episode of "Think Smart with TMFG," Rob and Mike delve into the enduring strength of the U.S. Dollar and the U.S. stock market, exploring why they remain premier choices for investment portfolios. They reflect on past economic crises, like the 2008 financial meltdown, and discuss the resilience and growth of the U.S. economy in contrast to other global markets. The episode examines the historical dominance of the U.S. stock market, its technological advancements, robust military, immigration appeal, and diverse economy. Rob and Mike also discuss the importance of a strong monetary policy and labor market in maintaining economic stability. As they compare the U.S. with other nations, they highlight the advantages of investing in U.S. equities and bonds, emphasizing the security and growth potential they offer. Tune in to understand why betting on the U.S. has historically been sound advice and how it continues to shape investment strategies today.

Welcome to this episode of Think Smart with TMFG, your go-to podcast for newsworthy insights relevant to everyday Canadians. Hosted by Senior Financial Advisor Rob McClelland and Mike Connon of Assante Capital Management, this episode delves into the top three most common investment mistakes and how to avoid them. 1. Timing the Market: Discover why trying to time the market can be costly, and learn about the evidence-based strategies that can help you stay invested for the long term. 2. Focusing on Headlines: Understand the pitfalls of making investment decisions based on sensational headlines and why a globally diversified portfolio with low fees is smarter. 3. Chasing Past Performance: Explore the dangers of investing in top-performing mutual funds based on past performance and why this strategy rarely pays off in the long run. Tune in to gain valuable insights to help you avoid these common investment mistakes and secure a successful financial future.

In this episode of Think Smart with TMFG, Senior Financial Advisor Rob McClelland and Mike Connon of Assante Capital Management delve into the intriguing world of private equity. Drawing insights from a recent Globe and Mail opinion piece by Mike Wahlberg, the duo explores the burgeoning interest in private equity investments among Canadians. The discussion highlights the key challenges of private equity, such as liquidity issues, and contrasts these with the potential advantages, including higher returns and operational independence from shareholder pressures. Real-life examples from Rob's own private equity experiences provide a grounded perspective on the risks and rewards involved. Whether you're an individual investor or managing a pension plan, this episode offers valuable insights into when private equity might make sense—and when it might not. Tune in to understand why staying liquid could be the smarter move for your investment portfolio.

Welcome to Think Smart with TMFG, your weekly podcast on what's newsworthy and relevant to everyday Canadians. Join Senior Financial Advisor Rob McClelland and Mike Connon of Assante Capital Management as they discuss the recent interest rate cut of 0.25%. After an 18-month wait, the much-anticipated rate reduction is here. Rob and Mike explore why this small change has significant implications, from controlling inflation to its impact on the housing market, stock market, bond market, and the Canadian dollar. They discuss the government's difficult position in managing inflation and debt and the reaction of financial markets and offer insights on what investors and homeowners should consider during these volatile times. Tune in to understand the complexities of interest rate changes and how they affect the broader economy. Visit tmfg.ca to speak to a financial advisor.

Welcome to another episode of Think Smart with TMFG, your go-to podcast for what's newsworthy and relevant to everyday Canadians. Join Senior Financial Advisor Rob McClelland and Mike Connon of Assante Capital Management as they delve into the top 10 investment mistakes. In this episode, Rob and Mike discuss the pitfalls of concentrated positions, timing the market, lack of diversification, and more. Using real-life examples and expert insights, they highlight the risks and offer practical advice to help you avoid these common financial missteps. Whether you're a seasoned investor or just starting out, this episode is packed with valuable information to help you make smarter investment decisions. Don't miss out on this essential guide to safeguarding your financial future. Tune in now!

Welcome to another episode of "Think Smart with TMFG," your weekly dose of relevant financial insights for everyday Canadians. In this episode, Senior Financial Advisor Rob McClelland and Mike Connon from Assante Capital Management discuss the theme "Resistance is the Enemy." They explore how resistance to change can hinder successful financial planning and investing. Drawing inspiration from Steven Pressfield's book, "The Daily Pressfield," they delve into the top ten resistances faced by their clients over the last decade. From increasing savings and letting go of old investments to consolidating accounts and keeping wills updated, Rob and Mike provide practical advice on overcoming these barriers. They also highlight the importance of regular account reviews, rebalancing portfolios, and ensuring adequate insurance coverage. Tune in to discover how pushing through resistance can lead to a more secure and prosperous financial future. Don't miss this insightful discussion that aims to help you achieve your long-term financial goals. Join us on "Think Smart with TMFG" and start overcoming resistance today!

Welcome to another episode of Think Smart with TMFG, your go-to podcast for newsworthy insights relevant to Canadians. Join Senior Financial Advisor Rob McClelland and Mike Connon from Asante Capital Management as they delve into the intriguing dynamics between the S&P 500 and the US economy. In this episode, Rob and Mike explore whether investing solely in the S&P 500 is wise. They discuss the index's evolution, composition, and growth to represent a significant portion of the global marketplace. The conversation sheds light on the concentration of wealth within the top 10 companies and the impact this has on the index's performance. The hosts also examine the disparity between the S&P 500 and the broader US economy, emphasizing that while the index includes some of the largest global companies, it does not fully capture the diverse economic landscape. They reveal surprising statistics about privately owned companies and the role of small to medium-sized enterprises in job creation. Tune in to understand the importance of diversification and why relying solely on the S&P 500 may not be the best approach for your investment portfolio. This episode contains valuable insights to help you make informed financial decisions. Thank you for joining us on Think Smart with TMFG. We wish you a happy and prosperous retirement.

Welcome to this week's episode of Think Smart with TMFG, your go-to podcast for newsworthy and relevant discussions for everyday Canadians. Join Senior Financial Advisor Rob McClelland and Mike Connon of Assante Capital Management as they delve into the controversial topic of whether wealthy individuals in Canada are paying enough income tax. Inspired by a Globe and Mail opinion piece, Rob and Mike explore the recent government proposals to increase the capital inclusion rate from 50% to 67%, and its potential impact on individuals and corporations. They break down the tax contributions of various income groups, from the top 0.01% to the top 10%, and discuss the broader implications for the Canadian economy, including inflation, unemployment, and charitable contributions. Don't miss this insightful analysis of the complexities of tax policies and their far-reaching effects. Tune in and learn how these changes could affect you and the Canadian financial landscape. Subscribe now to stay updated and ensure you have your best retirement ever!