Shows
Think Smart with TMFGEpisode 313: The AI Shift: How Artificial Intelligence is Reshaping Our WorldIn this episode of ThinkSmart with TMFG, Mike Connon is joined by special guest John Iaconetti for a dynamic conversation on the innovations that have fundamentally changed the way we live. From the invention of the wheel to the rise of artificial intelligence, they explore groundbreaking moments in technology, medicine, and finance.
Hear engaging stories—like how wine production became automated, why alternating current revolutionized electricity, and how modern financial planning software is reshaping the advisor-client relationship.
Tune in for a thought-provoking discussion on how innovation continues to shape our daily lives, influence industries, and pu...2025-06-1718 minThink Smart with TMFGEpisode 312: How Much Money Should You Have Invested In the Canadian Stock MarketWe're bringing back this episode of Think Smart with TMFG, where Rob McClelland and Mike Connon take a hard look at a common pitfall in Canadian investing: home bias.
With many portfolios allocating around 50% to Canadian equities—despite Canada making up just 2.6% of the global market—they unpack why this imbalance could be holding investors back.
Rob and Mike explore the risks of overconcentration, especially with Canadian banks dominating so many portfolios. They compare historical returns across global markets, including the U.S. S&P 500, and highlight how major pension plans keep Canadian exposure as low...2025-06-1016 minThink Smart with TMFGEpisode 311: Why Insurance is EvilWelcome 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...2025-06-0317 minThink Smart with TMFGEpisode 310: The Coming RecessionWelcome 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...2025-05-2719 minThink Smart with TMFGEpisode 309: Spending Lessons in RetirementIn 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....2025-05-2014 minThink Smart with TMFGEpisode 308: What Canada’s New PM Means for Your MoneyWelcome 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.
2025-05-1311 minThink Smart with TMFGEpisode 307: Things to Think about Before doing Something YourselfWelcome 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 y...2025-05-0621 minThink Smart with TMFGEpisode 306: Portfolios Perform Better When the Client Shows UpIn 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.
2025-04-2920 minThink Smart with TMFGEpisode 305: Fee-Based vs. Fee-for-Service: Choosing the Right Financial AdvisorWelcome 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...2025-04-2217 minThink Smart with TMFGEpisode 304: The Tariff Talk - How Global Trade Shifts Impact Your WalletIn 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.
2025-04-1512 minThink Smart with TMFGEpisode 303: The Point of Money is to Spend itIn 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!
2025-04-0815 minThink Smart with TMFGEpisode 302: Why You Should Stop Buying Individual StocksIn 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!
2025-04-0117 minThink Smart with TMFGEpisode 301: Mistakes You're Likely to Make When Filing Your Tax ReturnIn 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!
2025-03-2518 minThink Smart with TMFGEpisode 300: Are Canadian Banks Truly Serving You?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...2025-03-1819 minThink Smart with TMFGEpisode 299: Why Canada's Stock Market is Shrinking: Insights & ChallengesWelcome 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.
2025-03-1112 minThink Smart with TMFGEpisode 298: 20 Common Investment Pitfalls You Might Be Facing (Part 2)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.2025-03-0318 minThink Smart with TMFGEpisode 297: 20 Common Investment Pitfalls You Might Be Facing (Part 1)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.
2025-03-0316 minThink Smart with TMFGEpisode 296: A Deep Dive into Trump's TacticsJoin 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...2025-02-2019 minThink Smart with TMFGEpisode 295: Bitcoin Boom or Bust: Is It Time to Invest?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...2025-02-1119 minThink Smart with TMFGEpisode 294: Is It Time to Replace Your Financial Advisor?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...2025-02-0415 minThink Smart with TMFGEpisode 293: Retirement Realities: Insights from Fidelity's Latest ReportWelcome 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...2025-01-2721 minThink Smart with TMFGEpisode 292: Why Optimism is Key: Navigating Market Downturns and Global ChangesWelcome 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...2025-01-2115 minThink Smart with TMFGEpisode 291: The Rise of the Magnificent Seven: Are They Becoming Too Big?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...2025-01-1412 minThink Smart with TMFGEpisode 290: Celebrating 20 Years with Dimensional Fund Advisors: A Game-Changing PartnershipJoin 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....2025-01-0713 minThink Smart with TMFGEpisode 289: Unveiling the Secrets of Private Wealth ManagementWelcome 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.
...2024-12-1711 minThink Smart with TMFGEpisode 288: A New Beginning: Why We're Moving to a New OfficeIn 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 Cochrane 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...2024-12-1010 minThink Smart with TMFGEpisode 287: Renovation Realities: Uncovering Hidden Costs and DelaysJoin 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...2024-12-0312 minThink Smart with TMFGEpisode 286: The Hidden Strength of Family-Owned BusinessesWelcome 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...2024-11-2712 minThink Smart with TMFGEpisode 285: Is the U.S. Market Truly Overvalued?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...2024-11-1911 minThink Smart with TMFGEpisode 284: Exploring the Resilience of Global CapitalismIn 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...2024-11-1119 minThink Smart with TMFGEpisode 283: Demystifying Investment PremiumsJoin 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...2024-11-0522 minThink Smart with TMFGEpisode 282: Don't Worry, Things Are Actually ImprovingIn 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...2024-10-2911 minThink Smart with TMFGEpisode 281: 8 Ways To Avoid Financial FraudIn 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...2024-10-2217 minThink Smart with TMFGEpisode 280: New Mortgage Rules For First-Time Homebuyers In CanadaIn 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...2024-10-1621 minThink Smart with TMFGEpisode 279: The Magic Bullets of Smart InvestingIn 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...2024-10-0813 minThink Smart with TMFGEpisode 278: The Retirement Checklist - 20 Questions to ConsiderWelcome 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...2024-10-0113 minThink Smart with TMFGEpisode 277: The End of Finance's Four PillarsWelcome 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...2024-09-2413 minThink Smart with TMFGEpisode 276: Navigating Portfolio Adjustments and Market ExpectationsWelcome 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...2024-09-1617 minThink Smart with TMFGEpisode 275: The Essential Guide to Trip and Cancellation InsuranceWelcome 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...2024-09-0911 minThink Smart with TMFGEpisode 274: Why People Avoid Financial AdvisorsWelcome 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 fi...2024-09-0313 minThink Smart with TMFGEpisode 273: Does Value Still Matter in Investing?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.
...2024-08-2716 minThink Smart with TMFGEpisode 272: The Election's Impact on Your InvestmentsWelcome 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...2024-08-2014 minThink Smart with TMFGEpisode 271: The Truth About Bear Markets and What To Do About ItWelcome 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.2024-08-1312 minThink Smart with TMFGEpisode 270: The Rise of DIY Investing Among Young CanadiansWelcome 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.
...2024-08-0619 minThink Smart with TMFGEpisode 269: How Much of Your Portfolio Should Be in Canadian Stocks?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...2024-07-3016 minThink Smart with TMFGEpisode 268: The Unyielding Power of the U.S. Dollar and Stock MarketIn 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...2024-07-2315 minThink Smart with TMFGEpisode 267: Avoiding the Top 3 Investment PitfallsWelcome 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...2024-07-0914 minThink Smart with TMFGEpisode 266: The Perils and Promises of Private EquityIn 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...2024-07-0214 minThink Smart with TMFGEpisode 265: The Ripple Effect of Interest Rate CutsWelcome 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...2024-06-2614 minThink Smart with TMFGEpisode 264: Top 10 Investment MistakesWelcome 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...2024-06-1916 minThink Smart with TMFGEpisode 263: Overcoming Resistance - Key to Successful Financial PlanningWelcome 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...2024-06-1120 minThink Smart with TMFGEpisode 262: Unveiling the S&P 500: A Deep Dive into Its Relation with the US EconomyWelcome 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...2024-06-0413 minThink Smart with TMFGEpisode 261: Do the Wealthy Pay Their Fair Share in Taxes?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...2024-05-2917 minThink Smart with TMFGEpisode 260: The Future Of Real EstateJoin hosts Rob McClelland and Mike Connon in this enlightening episode of Think Smart with TMFG. This week, we delve deep into the future of real estate in Canada. It's no secret that real estate has been a hot topic in the country, with government initiatives targeted at making it more affordable and accommodating the increasing demand.
We'll uncover the implications of these initiatives, like the potential for creating an oversupply of real estate in a bid to bring down prices. You'll learn about the pressures on current property prices, high interest rates, unaffordability for a significant...2024-05-2113 minThink Smart with TMFGEpisode 259: How To Beat The Stock MarketIn this episode of 'Think Smart with TMFG,' your hosts, Rob McClelland and Mike Connon, explore the intriguing concept of 'beating the stock market.' Sharing profound insights from their years of experience in finance, they discuss how the quest to outperform the market often makes investors ignore the significance of a well-planned and disciplined investment strategy. Much of the episode revolves around lessons learned from Warren Buffett's teacher, Benjamin Graham, emphasizing the importance of implementing a robust financial plan and practicing regular portfolio rebalancing.
Rob and Mike warn against moving your entire investment to the...2024-05-1415 minThink Smart with TMFGEpisode 258: Why Investors Struggle with Investment LossesIn this episode of Think Smart with TMFG, we discuss one of the most crucial aspects of finance and investing – the psychology of investment losses. Our conversation was inspired by the work of the late economist, Daniel Kahneman, known for his remarkable contributions to behavioral economics. We delve into why investors fear losing money and how this can translate into suboptimal portfolios.
We also touch on behavioral economics, explaining that it refers to mathematics and past experiences that influence our investment behaviors. Additionally, we challenge the common misconceptions about stock markets and investing, demystifying the cause of lo...2024-05-0715 minThink Smart with TMFGEpisode 257: Financial Planning For Summer ExpensesIn this week's episode of Think Smart with TMFG, hosts Rob McClelland and Mike Connon discuss the various considerations related to financial planning for anticipated summer expenses. They emphasize the importance of having a clear monetary plan for summer purchases.
Rob and Mike discuss many summer expenses, such as home renovations, landscaping work, and travel. They emphasize the need to allocate and prioritize budgets for different activities, stressing how different expenses, like spring-to-summer projects involving pools and landscaping, are significant and typically happen during the warmer months.
This enlightening episode encourages listeners to think ahead...2024-04-3011 minThink Smart with TMFGEpisode 256: Capital Gains Inclusion Rate Changes In CanadaIn this insightful episode of Think Smart with TMFG, financial experts Rob McClelland and Mike Connan examine the recent changes in Canada's capital gains inclusion rate in detail. They thoroughly debunk media misconceptions and explain how the new capital gains tax would affect Canadian small businesses, investors, and private property owners.
The hosts also voice their concerns about the abrupt nature of the government's decision—leaving Canadians with little time for proper tax planning, let alone allowing for a smooth transition in property ownership matters. Through their discussion, they decode the misleading government statements and offer a cl...2024-04-2419 minThink Smart with TMFGEpisode 255: Top 10 Mistakes in RetirementOn this episode of Think Smart with the McClelland Financial Group of Assante Capital Management, your hosts, Rob McClelland and Mike Connon, delve into the common pitfalls that might spoil a rewarding retirement experience. We discuss how focusing on physical, dental, and financial health forms the foundation for an enjoyable second innings.
Your hosts talk about financial anxiety, emphasizing the value of trusting in your financial planning and advice from trusted advisors. We also touch upon the risk of overcommitment - whether volunteering or playing nanny to grandkids - and advise a balanced approach to time management.2024-04-1817 minThink Smart with TMFGEpisode 254: Understanding Trip Medical and Cancellation Insurance - Conversations with Financial Experts Rob and MikeIn this important discussion, award-winning financial advisors Rob McClelland and Mike Connon from the McClelland Financial Group of Assante Capital Management discuss the importance of trip medical and cancellation insurance. Drawing from engaging personal experiences, they highlight why it is essential to understand the nuances of your coverage.
They recount real-life stories where insurance has proven invaluable. They highlight the benefits of having comprehensive coverage during unexpected medical emergencies abroad, emphasizing the potentially high cost of medical care, especially in unfamiliar territories. They also stress that life insurance is not a luxury but a necessity, ultimately impacting...2024-04-1115 minThink Smart with TMFGEpisode 253: CPP - The Best Government Pension Plan?In this episode, your hosts - Senior Financial Advisors Rob McClelland and Mike Connon from Assante Capital Management, provide an in-depth analysis of the Canada Pension Plan (CPP) and why they believe it is an incredible benefit for Canadians.
They delve into the principal features of CPP – its contributory nature, inflation-proof returns, and professional management. Discussion surrounding these aspects sheds light on the plan’s goal of ensuring a financially secure retirement for Canadians.
The duo also discusses the CPP's global fame due to its low management fees, diverse investments, and long-term planning capabilities. They emph...2024-04-0418 minThink Smart with TMFGEpisode 252: The Financial Implications of DivorceIn this episode of Think Smart with TMFG, Rob McClelland and Mike Connon unpack the unavoidable financial challenges of divorce. They paint a detailed picture of financial complexities that couples should be aware of at the onset and conclusion of a divorce.
The episode offers a comprehensive probe into how divorce can impact different facets of life, from careers to businesses, and how crucially they tie into the finances of the separating couple. With child support, alimony, and distribution of assets at play, the financial landscape can become intricate.
Rob and Mike also touch on...2024-03-2818 minThink Smart with TMFGEpisode 29: Becoming A Great A Client Takes A Little More You Might ExpectBecoming a good client requires a great advisor. The importance of having sound advice and taking it. Savers vs. spenders and what it can mean to the future of your plan. The importance of goal setting and finally muffins are they really where it's at?2024-03-2713 minThink Smart with TMFGEpisode 33: Technology: Making Us Way Better At What We Do!Technology has had a huge impact on financial services. Market efficiencies are translating to enormous benefits for clients. Listen here today for more insights in part 2 of our debrief of DFA's Charlotte, NC conference. 2024-03-2712 min
Think Smart with TMFGEpisode 85: The Sexy Secrets of Private EquityWhat is Private Equity Investing? How do you gain exposure to this type of investment? Is it a good idea?
Today on Think Smart we discuss some of the lesser-known details of venture capital and labour-sponsored funds. How volatility and illiquidity can be hidden aspects of these big risk investments.
This and more today on Think Smart!
2024-03-2712 minThink Smart with TMFGEpisode 251: Retirement is Shorter Than You ThinkIn this episode of Think Smart with TMFG, your hosts, Senior Financial Advisors Rob McClelland and Mike Connon from Assante Capital Management Ltd., dive into the issue of how long retirement could last depending on the age you retire, referencing a study by Visual Capitalist. They discuss the variances in life expectancy between men and women and how retirement age impacts these figures.
They emphasize that it's not enough to plan for retirement financially. Staying physically and mentally active, maintaining good health and diet, having a vibrant social life, and managing stress are all important factors in...2024-03-1413 minThink Smart with TMFGEpisode 250: Essential Steps for Successful Retirement PlanningWelcome to 'Think Smart with TMFG,' your definitive guide to Canadian Retirement Planning. Senior Financial Advisors Rob McClelland and Mike Connon of Assante Capital Management Ltd. offer their expert perspective on constructing a calculated retirement strategy. The financial duo shed light on the elements of a solid retirement structure, focusing on crafting a financial plan for a future free of worries.
Our hosts share their extensive financial planning expertise, detailing a roadmap to retirement readiness. Covering everything from considering yearly expenses and budgeting for desires like travel to adjusting lifestyle according to retirement revenue, Rob and...2024-03-0719 minThink Smart with TMFGEpisode 249: Expected Rate of Returns in RetirementIn this episode from "Think Smart with TMFG", Senior Financial Advisors Rob McClelland and Mike Connon with Assante Capital Management Ltd. provide an insightful discussion on the critical role of rate of return expectations in retirement planning. Backed by an intriguing study from Visual Capitalist, they highlight the gap between clients' expected returns and those projected by their advisors.
Their conversation takes a global sweep as they dissect rates of return in major markets like the S&P 500, illuminating the disparity in investor vs advisor expectations across different countries.
Rob and Mike shed light on...2024-02-2916 minThink Smart with TMFGEpisode 248: All-In on U.S. Stocks – Wise Move or Risky Strategy?In the latest episode of "Think Smart with TMFG," Senior Financial Advisors Rob McClelland and Mike Connon from Assante Capital Management delve deep into a daring investment strategy: putting 100% of your assets into U.S. stocks. Highlighting an intriguing article by Nick Maguli, our hosts explore the dominance of U.S. corporate giants such as Amazon, Google, and Microsoft and weigh the pros and cons of dedicating your entire portfolio to the S&P 500 index.
Renowned investors like Jack Bogle, Warren Buffett, and JL Collins have recommended this strategy to younger investors– but do U.S. stocks ca...2024-02-2219 minThink Smart with TMFGEpisode 247: 2023's Most Valuable CompaniesIn this episode of Think Smart with TMFG, host Rob McClelland and Mike Connon, Senior Financial Advisors of Assante Capital Management Ltd., delve into the world's most valuable companies in 2023. They offer insights into the various sectors these companies represent and the increasing prominence of American companies on this list.
In this episode, you will also understand the dynamics of the world's corporate movers and shakers, examining some renowned names like Apple, Microsoft, Alphabet, and Amazon alongside the relatively new yet powerful players such as Meta and Tesla. Discover the amazing influence of the technology sector, as 30...2024-02-1517 min
Think Smart with TMFGEpisode 246: Financial Planning Tightwads and Spendthrifts Which Way Works Better?Today Financial Advisors Rob McClelland and Mike Connon discuss financial planning and spending in relationships. This insightful episode of Think Smart with TMFG, delves into the financial dynamics in relationships, pitting 'tightwads' against 'spendthrifts.' Guided by Scott Rick's book, "Tightwads and Spendthrifts," they dive into the financial habits of couples, exploring the balance between saving and spending, and how couples can manage their finances harmoniously.
From Rob's reluctance to drop a dime on razors to Mike's affinity for luxury vacations, the episode offers an honest discussion of personal financial habits. They tackle the nitty-gritty of thrifting...2024-02-0823 min
Think Smart with TMFGEpisode 245: TFSA -Best Investment Vehicle For Canadian Retirement PlanningIn this insightful episode of "Think Smart with TMFG", Rob McClelland and Mike Connon, veteran financial advisors, meticulously explore the benefits, functions, and strategies associated with the Tax-Free Savings Account (TFSA). Initially introduced in 2009, TFSA is presented as an excellent investment tool especially beneficial for retirement savings for Canadians.
The seasoned hosts delve into core features of Tax-Free Savings Accounts — outlining their distinct aspects compared to conventional savings accounts, explaining the tax-free growth feature, and showing the multitude of investment opportunities it provides. They also shed light on its comprehensive advantages such as yearly fund additions based on...2024-02-0119 min
Think Smart with TMFGEpisode 244: Owning a Second Property in RetirementIn this enlightening episode of 'ThinkSmart with TMFG', hosts Rob McClelland and Mike Connon of Assante Capital Management lead an in-depth discussion about the financial implications of owning a second personal use property, particularly cottages. They share their personal experiences, benefits, challenges, financial obligations, and not-so-obvious realities connected with owning a vacation home during retirement.
Join in as Mike and Rob shed light on the changing dynamic of property usage as one's life stage evolves, the associated annual costs, the investment considerations and more. They address the illusion of 'ease' that can captivate potential owners, stressing on...2024-01-2519 min
Think Smart with TMFGEpisode 243: 6 Ways to Improve the Probability of a Successful RetirementSaving 10% of your income is just not enough. Senior Financial Advisors Rob McClelland and Mike Connon discuss 6 foolproof ways to ensure a successful retirement.
2024-01-1817 min
Think Smart with TMFGEpisode 242: 2023 Financial Year in Review: What Went Wrong?Join Senior Financial Advisors Rob McClelland and Mike Connon for their critical in-depth look at what went wrong in 2023 and its impact on the global market.
2024-01-1117 min
Think Smart with TMFGEpisode 241: Greatest Investment Quotes of All Time Part IIIn this episode of Think Smart with TMFG, your hosts Senior Financial Advisors Rob McClelland and Mike Connon discuss some of the great investment quotes of all time. They share quotes from Isaac Newton, Nick Murray, Peter Lynch, and others, highlighting the importance of investor behavior, the dangers of complex investments, and the need for calculated risks.
2024-01-0314 min
Think Smart with TMFGEpisode 240: Pet Peeves and Things That Keep Mike Up at NightDo you sometimes feel like the constant onslaught of fees and charges is never-ending? It's like death by a thousand papercuts. Banking fees, credit card fees, bag fees, and disposal charges. Is there anything that doesn't have an extra cost these days?
Join your hosts, Senior Financial Advisors Rob McClelland and Mike Connon, as they shed some light on the darker corners of the world of overcharging.
2023-12-2818 min
Think Smart with TMFGEpisode 239: 10 Things You Absolutely Must Stop DoingIn this episode of ThinkSmart with TMFG, your hosts, Senior Financial Advisors Rob McClelland and Mike Connon discuss 10 things that people need to stop doing in order to improve their financial situation. Listen today to find out more.
2023-12-2121 min
Think Smart with TMFGEpisode 238: The Future State of Real Estate in CanadaFind out the real state of real estate in Canada. Various factors impact real estate prices, including interest rates, economic conditions, population growth, and speculation. Additionally, new government policies on mortgage renewals and the qualification process are playing a role in the real estate landscape. Is real estate the right or wrong investment decision? Learn more today on ThinkSmart with TMFG.
2023-12-1420 min
Think Smart with TMFGEpisode 237: Everything in Life is a Bell Curve, Even Your FinancesYou might be surprised that many things we take for granted are graded according to a bell curve. This concept also applies to the financial world, including stock returns, interest rate changes, asset prices, and credit scores. Understanding these distributions can help manage expectations and avoid surprises. Find out more today on ThinkSmart with TMFG.
2023-12-0719 min
Think Smart with TMFGEpisode 236: Things Are Really Bad Out There: Consumer confidence is at its lowest level in 52 years.Consumer confidence is at its lowest level in 52 years. But that doesn't mean it's all bad news for investors. Join Senior Financial Advisors Rob McClelland and Mike Connon as they discuss consumer confidence and its impact on the stock market.
They take you through historical data and market valuations to show that expensive market valuations often precede market crashes, while lower valuations can present buying opportunities.
Don't miss out on potential market gains by staying in low-yield investments like GICs. Consider the bigger picture, and don't let consumer sentiment dictate your investment decisions.
2023-11-3013 min
Think Smart with TMFGEpisode 235: The Greatest Investment Quotes that Every Investor Should Know
In this episode of ThinkSmart, Financial Advisors Rob McClelland and Mike Connon discuss some of the most popular quotes from the investment world.
Wall Street's tendency to pedal hope doesn't help investors in their financial success. Investor behaviour is a far more critical indicator of success than the latest press release.
2023-11-2314 min
Think Smart with TMFGEpisode 234: Divorce in Canada and How it Affects Your Financial StabilityIn this episode of ThinkSmart, Financial Advisors Rob McClelland and Mike Connon discuss common divorce statistics. They also discuss, in-depth, the financial implications of divorce, including alimony, child support, legal fees, and changes in housing, retirement planning, and estate planning.
(00:48): The divorce rate in Canada
(02:37): What about second marriages?
(03:09): Stats on the reasons for divorce
(06:20): What can potentially put off divorce?
(08:00): Different types of separation and divorce agreements
(08:30): Your options if you want to stay with the same Advisory firm
(0:935): Prenuptial or cohabitation agreements
(10:35): Can you survive on divided assets?2023-11-1619 min
Think Smart with TMFGEpisode 233: The Effects of the New Business Model on the Average ConsumerIn this episode, Senior Financial Advisors Rob McClelland and Mike Connon discuss how the business model has changed over the years for many of the services we use today. While there are considerable advantages to subscription services for both companies and consumers, such as lower costs, convenience, and access to a wide range of content. There are also disadvantages, such as incremental yet constant price increases and potential privacy concerns.
(00:55): Movies and streaming services
(08:00): Adaptation of the software firms to user behaviour
(09:31): Big data storage
(10:15): The evolution of print media
(11:29): The advantage of the su...2023-11-0920 min
Think Smart with TMFGEpisode 232: Cutting Off Your Nose to Spite Your Face Won’t Fix Your Financial Problems it Can Compound Them!When it comes to financial decision-making, "cutting off your nose to spite your face " is not always the best tactic. Senior Financial Advisors Rob McClelland and Mike Connon discuss the common mistakes people make in their financial planning, such as trying to avoid probate by setting up complex structures that are more expensive than the probate fees themselves. They also discuss the potential pitfalls of transferring assets directly to children, joint ownership of accounts, gifting assets, setting up trusts, and creating overly complex wills.
(01:40): Mistakes people make to avoid probate
(02:34): How to deal with a vacation property...2023-11-0219 min
Think Smart with TMFGEpisode 231: 10 Expenses Retirees UnderestimateUnexpected expenses in retirement can pose a significant financial challenge for retirees. These unforeseen costs, whether they stem from medical bills, home repairs, or other emergencies, can disrupt carefully planned budgets and erode savings. Being prepared for unexpected expenses is crucial to ensure financial security and peace of mind. Listen today to find out what expenses you should be prepared to tackle in retirement.
(01:23): Unexpected healthcare costs
(05:41): Sudden change in taxes
(06:16): What's the average cost of home maintenance
(06:56): What are lumpy expenses?
(07:25): Travel plans?
(10:10): Everything costs money
(10:45): Speculative risks
2023-10-2612 min
Think Smart with TMFGEpisode 230: Why is Everyone Still Running to GICs?Guaranteed Investment Certificates (GICs) have several downsides. Yet investors keep flocking to them. They typically offer lower returns than other investment options, making it challenging to keep pace with inflation. GICs also lock in your money for a set period, limiting liquidity and flexibility. Moreover, the interest earned on GICs is usually subject to taxation, further reducing overall returns. Additionally, GIC rates can be affected by fluctuations in interest rates, potentially causing missed opportunities for higher yields in a rising rate environment. Learn more about the downsides of GICs today on ThinkSmart.
(04:37): The history of GICs and...2023-10-1924 min
Think Smart with TMFGEpisode 229: 10 Ways to Keep Your Old Age Pension Coming InMaximizing your old age pension and minimizing your old age security clawback in Canada can require careful financial planning and an understanding of the country's pension system. However, staying informed about changes in pension legislation and consulting a financial advisor can help you navigate the complex landscape of maximizing your old age pension benefits in Canada. Listen here today to find out some of the strategies you might want to put into practice.
(01:08): What’s the difference between Old Age Security and Canada Pension Plan?
(02:46): The basics to know to make sure you’re getting your OAS
(03:41): Elig...2023-10-1218 min
Think Smart with TMFGEpisode 228: The Value of Global Balanced PortfoliosGlobal balanced funds offer several benefits to investors seeking a diversified and well-managed investment approach. First and foremost, these funds provide exposure to a wide range of asset classes, including stocks, bonds, and sometimes alternative investments, helping to spread risk and reduce volatility in a portfolio. This diversification can help cushion the impact of market fluctuations and potentially enhance long-term returns. Learn more about why you should consider global balanced funds.
(00:22): When did we realize the value of the global balanced funds?
(02:57): What a global balanced portfolio looks like
(04:35): Our approach
(05:16): Why choose a...2023-10-0517 min
Think Smart with TMFGEpisode 227: Could a Crystal Ball Get You the Ideal Returns on Your Investments?If we could look into the future what changes could we make to increase your chances of success in the market? Listen today as Senior Financial Advisors Rob McClelland and Mike Connon take you on that journey.
(05:11) Hindsight is 2020
(06:13): Exciting new ideas
(08:44): Investing in startups
(10:10): How things can go horribly wrong
(17:37): Unforeseeable advancements in technology
(19:51): Companies that have a great product but don’t turn a profit
2023-09-2823 min
Think Smart with TMFGEpisode 226: Why Is it So Damn Hard to Get Good Returns on Your Investments?Today on the ThinkSmart Podcast, Senior Financial Advisors Rob McClelland and Mike Connon discuss the many ways you can unintentionally lose money on your investments. It's astonishing to realize that just a few of these seemingly minor mistakes can be extremely costly to your portfolio.
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Client R...2023-09-2119 min
Think Smart with TMFGEpisode 225: Big Tech Predictions 2023 and BeyondHow is technology affecting your everyday life and what should we expect to see in the future? Today on ThinkSmart Senior Financial Advisors Rob McClelland and Mike Connon discuss tech pundit Benedict Evans' 2023 big tech review.
(01:34): What is web 3?
(02:30): It’s not just you cryptocurrency is a very confusing subject.
(03:18): Keeping big business and government out of everything sounds good right?
(06:13): Where we came from in the computing world
(06:55): How computing works today
(07:28): Decentralization, good or bad?
(13:33): Convenience is causing us to choose other...2023-09-1418 min
Think Smart with TMFGEpisode 224: RRSPs Are a Big Marketing GimmickWe came across an article that stated, "RRSPs are a big marketing gimmick." Today on, ThinkSmart Senior Financial Advisors Rob McClelland and Mike Connon take a closer look at this statement to weigh the pros and cons of RRSPs as we know them.
(01:20): RRSP season now vs. 25 years ago
(01:48): RRSPs vs. Pensions
(03:58): Tax savings with your RRSP
(04:49): Is it really a gimmick?
(06:27): What's the ideal time to make your RRSP contribution?
(07:17): Dollar-cost averaging your contributions.
(08:13): TFSAs vs. RRSPs
(12:05): So, is a TFSA still a valuable account?
(13:02): Ho...2023-09-0618 min
Think Smart with TMFGEpisode 223: All the Financial Mistakes We Have Made Over the YearsYou might be surprised to hear it, but we make mistakes too. Today on ThinkSmart, Senior Financial Advisors Rob McClelland and Mike Connon discuss some of the mistakes they have made in their personal and professional finances and the big lessons they have learned as a result.
Key Points from this Episode:
(01:36): Rob’s investment mistakes
(06:28): Mike’s financial mistakes
(08:12): Business mistakes
2023-08-3120 min
Think Smart with TMFGEpisode 222: Delegation: How It Can Help You Achieve More Out of LifeToday on ThinkSmart, Senior Financial Advisors Rob McClelland and Mike Connon discuss the value of delegation and recognizing your unique ability. Also, learn what is happening around our office in terms of delegation and expansion.
Key Points from this Episode:
(00:34): How to make the most of your time
(04:36): How delegation has enabled us to be better Advisors
(07:14): Why do some people refuse to delegate?
(08:48): What are the advantages of delegation?
(09:52): Looking for your unique ability
(11:33): What’s happening at the office in terms of delegation and expansion?2023-08-2417 min
Think Smart with TMFGEpisode 221: The Weather Forecast: Predictions and Forecasts in the Financial MarketsSometimes predictions and forecasts can be useful in financial planning. Listen to ThinkSmart with Senior Financial Advisors Rob McClelland and Mike Connon today to see when and how to use them well.
Key points:
(07:33): Predictions and forecasts can be important in finance
(08:13): The markets are unpredictable
(09:43): Short-term predictions
(10:06): How do we use forecasting?
(12:17): Inflation trends
2023-08-1015 min
Think Smart with TMFGEpisode 220: Moving Money is Not Saving MoneyAre you actually saving money or are you living beyond your means? Today on ThinkSmart, Senior Financial Advisors Rob McClelland and Mike Connon discuss the pros and cons of various financial products and what successful debt management should look like.
Key points:
(00:39): How to successfully improve your net worth
(02:56): How to reduce your debt
(06:56): Debt is debt
(08:58): RSP
(09:49): TFSA
(10:15): FHSP
(10:39): Open accounts
(10:57): Corporate accounts
(11:24): RESPs
(11:42): Registered Disability Savings Plan
(12:23): High-Interest Savings Account
(12:47): Discipline can be hard, make it easier on yourself
(14:12): In-kind contributions and moving mone...2023-08-0319 min
Think Smart with TMFGEpisode 219: Investing is Not GamblingWhen our Canadian heroes are peddling sports gambling has Canada allowed gambling to go too far? Today on ThinkSmart, Senior Financial Advisors Rob McClelland and Mike Connon take a deeper look at what gambling might be doing to our country and our kids.
Key points:
(01:13): Our Canadian heroes are promoting gambling?
(04:22): The prevalence of Internet gambling
(05:12): Sports gambling
(07:47): The risks of online gambling
(09:11): How does gambling relate to investing?
(10:19): What’s become of the Robo-advisor?2023-07-2718 min
Think Smart with TMFGEpisode 218: How to Avoid Getting Audited by the CRANo one ever expects to get audited by the CRA. Today on ThinkSmart Senior Financial Advisors Rob McClelland and Mike Connon walk you through the best practices to avoid a CRA audit and how best to handle it if you do.
Key points:
(00:23): Why do people get audited?
(01:35): What we do to ensure you don’t get audited
(03:03): Why you could be at risk too
(03:56): False alarms
(04:27): The difference between CRA and the IRS
(08:20): How do most people fare after an audit?
(09:27): Suggestions on how to avoid an audit
(10:36): Why ma...2023-07-2019 min
Think Smart with TMFGEpisode 217: Structured Investments, Stock Picking with ChatGPT and Conflicts of Interest at the Big BanksCan AI be used to stock pick? What might you be losing out on if you have structured investments and what conflicts of interest do the big banks face when helping you choose financial products? This and more today on ThinkSmart with Senior Financial Advisors Rob McClelland and Mike Connon.
Key points:
(00:50): Can ChatGPT be used to stock pick?
(03:24): What did ChatGPT have to say for itself?
(04:28): Structured investments, are they the dream investment?
(05:44): What are you missing out on with structured investments?
(06:49): Structured investments are still commission based
(07:09): The big ba...2023-07-1311 min