Financial BS Podcast

Jason again picks on the Globe and Mail. Chael discusses bread pans and free ice cream.  https://openpolicyontario.com/champagne-wishes-and-caviar-dreams/   https://www.theglobeandmail.com/investing/personal-finance/financial-facelift/

Jason expresses the crazy idea that a financial advisor should a) present client with options and b) not brag about not doing so. Chael demonstrates that he really did learn about DB pensions.  https://www.wealthprofessional.ca/news/industry-news/why-none-of-this-advisors-physician-clients-even-asked-about-joining-a-db-plan/391295?hsmemberId=

Jason continues to pick on active management and dividend investing and Chael demonstrates why he failed Aeronautics Engineering 232.  https://www.manulifeim.com/retail/ca/en/investments/etf/manulife-smart-international-dividend-etf-u-idiv.b  

Jason gets to pick on one of his favourite pieces of financial BS, and saves Chael the trouble of hawking ice cream.  https://www.theglobeandmail.com/gift/fc61fb9e3ac95b7c9416a9fde8526e13dff1d8a856a603842cd938e68ad19374/DX54VHO5IBCCXEMDZ44ZGCU6YI/  

Jason is unreasonably angry about bus stop advertising. Chael wishes he could have his old podcast co-host back. 

Jason takes issue with holding out. Chael endorses 15-minute cities.  https://www.abcouncil.ab.ca/councils-directories/ https://www.linkedin.com/in/vishal-zaveri-156b04325/ https://therealhowmoneyworks.ca/ca/zaverivishal https://www.abcouncil.ab.ca/wp-content/uploads/2024/08/Life-Insurance-Council.pdf

Jason somehow thinks people will be better off for understanding Additional Deposit Options. Chael is mystified by insurance marketing.  https://advisor.equitable.ca/advisor/getattachment/60fea57e-a7cf-44c1-b9e3-b029a7463e7f/EDO-QA.pdf  

Jason accidentally gives a lesson in life insurance, and Chael (horror of horrors!) is uninsured.  https://equitable.ca/products/insurance/whole-life  

Jason explains the various aspects of insurance commissions and Chael learns why the Calgary airport is a popular spot for some BC insurance agents. https://www.investmentexecutive.com/news/sun-life-introduces-more-level-whole-life-policy-compensation/ https://suncentral.sunlife.ca/en/news/we-re-maintaining-2026-2027-sun-life-dividend-scale-and-announcing-the-close-of-sun-par-accelerator/ https://...

Chael is mystified by the inability to prosecute criminals for crimes.  https://www.investmentexecutive.com/news/fsra-revokes-licence-of-insurance-agent-for-allegedly-misappropriating-700k-from-church-members/  

Chael is having a pretty good day. Jason calls out a regulator for overreach. Is Jason a hypocrite? You decide.  https://decisions.abcouncil.ab.ca/abic/icaba/en/item/520991/index.do  

Jason finds the silver lining on a steaming pile of crap. But it's still a steaming pile of crap.  https://www.fa-mag.com/news/trillions-more-dollars-are-available-for-private-market-investments--a-technology-firm-said-84945.html https://www.goodinvesting.com/podcast  

Jason is frustrated about private investments and gating, but Chael talks him off the ledge.  Jennifer and Andrea's podcast: https://creators.spotify.com/pod/profile/modern-cents/episodes/Where-Math-Meets-Heart-with-Jennifer-Hughes-e3danv6   The paywalled article: https://www.theglobeandmail.com/business/article-cortland-debt-fund-halts-investor-redemptions-single-borrower/

Chael and Jason explore why 'use it or lose it' may not be the best approach to group benefits. 

Chael is very patient as Jason explains the problem with the Canada Learning Bond. And something is not BS!  Links:  https://www.hifinance.ca/   https://canadabuys.canada.ca/en/tender-opportunities/tender-notice/cb-563-12576045 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2371931 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5575891 https://publications.gc.ca/site/eng/9.858229/publica...

The budgeting exercise works out surprisingly well for Chael, and we missed a big sponsorship opportunity! 

Chael talks about implementing a budget here, and how much it has changed things for him. 

Chael delves into his history, and Jason tries to not help him feel shame. 

Do we care about credit scores? Not as much as we care about misinformation!  https://www.ctvnews.ca/toronto/consumer-alert/article/i-never-thought-they-were-going-to-destroy-my-credit-score-woman-shocked-her-credit-score-dropped-dramatically-over-one-unpaid-bill/

By the end of this episode, you'll understand pensions in a way that no person could have ever fathomed understanding pensions. 

Jason tries and fails to explain pensions in 20 minutes or less.  https://www.reddit.com/r/PersonalFinanceCanada/comments/1op6m6i/i_dont_understand_how_my_hoopp_pension_works/?share_id=EDJEajnKLXHBhqPJBALFN&utm_medium=ios_app&utm_name=iossmf&utm_source=share&utm_term=3  

Incentives matter. In this episode, we look at how incentives in the insurance industry are badly disconnected from regulatory outcomes.  https://www.investmentexecutive.com/news/industry-news/fsra-fines-former-insurance-agent-and-his-corporation-for-coercion-undue-influence/  

Is Chael still the financial layperson? Not so sure after this episode.  https://www.sootoday.com/local-news/ontario-woman-says-government-took-every-cent-of-parents-savings-11128994   https://www.ctvnews.ca/toronto/consumer-alert/article/daughter-hit-with-660000-tax-bill-when-both-parents-died-in-same-year/

Chael leaves as confused as he started.  https://calgaryherald.com/business/local-business/finfluencer-alberta-securities-commission-fine

Two men talk about women's issues.  https://www2.gov.bc.ca/gov/content/gender-equity/pay-transparency-in-bc https://equivision.services.gc.ca/?report=sector The job posting we discussed is no longer live. Good luck to the person doing that job!