Financial BS Podcast

Jason cannot come up with a synonym for 'exit' that has a rhythm for this show title and refuses to ask AI for help. Chael lets his true feelings for Canada's most famous academic be known.  https://x.com/GadSaad/status/2067711140658909421

Where did you see your life going? Did it take you to a place where you were going to actively choose to listen to a podcast with the word 'demutualization' in the title?  https://advisor.ca/insurance/life/canadas-best-participating-whole-life-insurance-product/ https://www.jeffcait.com/

Jason explains why CPP's investing style isn't a great match for individual investors. Chael may not be convinced.  https://www.theglobeandmail.com/investing/globe-advisor/alternative-investments/article-what-advisors-can-learn-about-portfolio-structure-from-canadas-pension/

Chael talks basil. Jason defends FP Canada, but extends a beef in the process.  https://www.advisor.ca/insurance/life/the-renewal-i-almost-didnt-make/ https://www.linkedin.com/pulse/diploma-wall-proves-nothing-might-jeffrey-cait-bba-mba-tep-r351e/  

Jason picks a fight. Chael can't remember how he spent his week.  https://www.linkedin.com/pulse/conversation-nobody-finishing-jeffrey-cait-mba-cfp-tep-zoxhe/?trackingId=qqjCH3rARXKvtS%2Bh%2ByKCgw%3D%3D   https://www.youtube.com/@MLWwithJeffCait https://advisor.ca/insurance/life/term-vs-permanent-life-insurance/  

Jason thinks WealthSimple has lost its way. Chael speculates about Jason's exit.  https://www.theglobeandmail.com/gift/fc61fb9e3ac95b7c9416a9fde8526e13dff1d8a856a603842cd938e68ad19374/RR6VGFAZBNCM3AYV2TYX3YIG3I/

Jason's crusade against interesting investments continues. Chael gives us the May ice cream menu, but probably too late.  https://www.linkedin.com/posts/mackenzie-investments_invested-in-performance-activity-7438236761052303360-i4tp?utm_source=share&utm_medium=member_desktop&rcm=ACoAAAFBOskBvYA6UygOxfSLkqBMuP4vGXokuco

A big fundco does a good thing, and gives Chael the chance to ask Jason about diversification and concentration in an investment portfolio.  Jason wants to keep things boring.  https://www.mackenzieinvestments.com/en/products/mutual-funds/mackenzie-precious-metals-fund  

Jason talks a bit too much in this episode, getting into some nitty gritty of RDSPs. Chael is very patient.  https://www.fpcollective.ca/rdsp-part-i-the-purpose/ https://x.com/AaronHectorCFP/status/1700281433254748668?s=20 https://pooranlaw.com/wholelifeplanning/questions/rdsp/

Jason and Chael start into a discussion about RDSPs. Episode 2 next week.  Did we dox a listener?  https://www.ctvnews.ca/toronto/consumer-alert/article/toronto-ont-family-frustrated-they-cant-access-rdsp-funds-for-disabled-son/ https://www.fpcollective.ca/rdsp-part-i-the-purpose/  

Jason is not surprised at reports of cheating on the life insurance licensing exam. Chael is excited for the prospect of using AI, but not to cheat on exams.  https://www.investmentexecutive.com/news/ontarios-llqp-exams-will-soon-be-held-in-person-only/

Part 2 of 2. Jason is not happy with the state of financial planning. Chael gets it.  https://openpolicyontario.com/champagne-wishes-and-caviar-dreams/ https://www.theglobeandmail.com/investing/personal-finance/financial-facelift/

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/