How to EASILY Outperform Financial Advisors, Robo-Advisors & Index Investors
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- čas přidán 13. 07. 2024
- ♦How to EASILY Outperform Financial Advisors, Robo-Advisors & Index Investors♦
Financial freedom is what we all want.
We talk to people about their finances all the time and most people just want to know that their money is there, and they can live their life the way they want, but very few Canadians actually get there. Why?
Most Canadians are not financially secure because of sub-optimal investments and focusing on the wrong risk.
In my latest CZcams video I’m going to show you how to outperform all these methods:
• How to easily outperform financial advisors, robo-advisors, and index investors.
• Why is good performance important for your life?
• What rate of return do you need to become financially independent?
• What are the 4 performance drags that reduce investment returns?
• What is the Asset Allocation Loss Ratio (AALR)?
• Why is it easy to outperform financial advisors?
• What is wrong with the investment industry definition of “risk”?
• Why is it easy to outperform robo-advisors?
• Why is it easy to outperform index investors?
• How can you learn to think properly about investing?
• What are the secrets to outperforming?
Enjoy this week's video!
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►Get FREE financial advice when you sign up for the Unconventional Wisdom newsletter from the #1 blog in Canada for a financial planner. We give you insights from experience on building financial security. Sign up here: www.edrempel.com
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⏰ TIMESTAMPS
00:00 | Intro
00:40 | What you will lean
01:18 | Why is good performance important?
02:50 | Risk of a Fear-Based Mindset.
03:11 | Why you need a growth mindset.
04:28 | 4 performance drags.
05:34 | Risk of bonds to your retirement.
06:00 | Short-term vs long-term risk.
06:37 | What is the Asset Allocation Loss Ratio (AALR).
07:33 | Home country bias.
10:30 | Riding the brake - Investing too conservatively.
13:09 | One-idea investing.
15:32 | Why is it easy to outperform financial advisors?
18:25 | Why is it easy to outperform robo-advisors?
20:57 | Why is it easy to outperform index investors?
23:55 | How you can learn to think properly about investing.
26:52 | What is "investment risk that affects your life"?
30:40 | Stock market predictions.
31:05 | What are the secrets to outperforming?
33:11 | Recap of video.
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Please like, share and comment if this video has been helpful to you!
Thanks so much!
Ed Rempel
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Ed Rempel CPA, CMA, CFP is a financial blogger, fee-for-service financial planner and tax accountant with a ton of real life financial planning experience. He was awarded “Best Canadian Personal Finance Blog” by Expertido, and is the #1 financial blog in Canada for a financial planner on Hardbacon and Feedspot.
For the past 28 years, he has assisted thousands of Canadians with creating real, professional, “interactive” financial plans that earn results. Ed is known for his financial strategies, such as the Smith Manoeuvre and Lifecycle Investing strategies. He is also particularly skilled with the 8-Year GIS Strategy, a strategy to help seniors qualify for larger government pensions using effective planning & investing.
Just an FYI - I'm a financial advisor, I don't use risk tolerance questionnaires, and they are not required. I do agree they are prevalent in my industry, and often used to cya when the client wants to know why they are under-performing in an up market, or experiencing more volatility than they expected. Advisors that use a questionnaire can simply point to it as the reason why.
Right on!
What do you think about leveraged ETFs and dollar cost averaging into them for the long long term 20+ years? Ex: QLD or HQU or HSU I love the videos and information you bring to the table. I would like to do the smith maneuver but I still need to study it and get the wife on board cuz its way over our heads with the technique haha
Leveraged ETFs can be strong wealth-builders, but it's dangerous to hold them long-term. What happens with a 2:1 leveraged ETF when the market falls 50% (and then recovers)?
If you want to learn about the Smith Manoeuvre, the best post on the internet about it is here: edrempel.com/smith-manoeuvre/ . It is borrowing to invest, which is a risky strategy, but the risk is far lower long-term. From experience, the Smith Manoeuvre often makes the difference to make a retirement plan work. It allows you to invest for your retirement without using your cash flow. If you really can stick with it long-term through declines, the Smith Manoeuvre is one of the best wealth-building strategies.
If you are 100% aggressive equities, what do you live on? Do you sell equities in a down market in order to pay for expenses? Be interesting to see how that affects long term growth.
Yes, just sell a bit of your equities every month. This has been far more effective than doing it with fixed income. It has been reliable 97% of the time the last 150 years, and 100% with some effective management. edrempel.com/is-typical-retirement-advice-good-advice-testing-retirement-rules-of-thumb-as-seen-in-canadian-moneysaver/
Sorry, but it seems the video confuses index ETFs with assets allocation ETFs
Many people that consider themselves index investors but asset allocation ETFs that own 4 or 5 index ETFs. It's common for index investor blogs & podcasts to recommend this type of strategy.