The Rational Reminder Podcast | Investing Basics and Common Questions (plus Reading Habits w/ Amer Kaissi) | Rational Reminder 231 @rationalreminder | Uploaded December 2022 | Updated October 2024, 1 hour ago.
Today is our final episode featuring just the two of us before our annual wrap-up show, and we thought we would use this opportunity to cover some important foundational aspects of rational investing. Ben goes over some of the most fundamental concepts about market prices, risk, and actual returns before answering five common questions that relate to this level of information. From investing in an employer's stock to predicting the future and real estate comparisons, these five touch-points are always worth returning to, and should even interest the more experienced of our listeners. For the second half of the show, we offer a quick book review of The Culture Playbook by Daniel Coyle, and have a brief and illuminating conversation with Professor Amer Kaissi about his book, Humbitious, and some of his thoughts on the part that reading plays in rich and progressive life. Press play to catch all this and more on the Rational Reminder Podcast.
Timestamps:
0:00 Intro
12:20 Main Topic: Investing Basics
16:55 Why invest?
18:00 Risk and return
20:15 Discount rates
22:22 Pricing
24:33 Diversifiable and non-diversifiable risk
26:44 Unexpected returns
29:47 Optimal portfolios
37:45 Setting objectives
39:33 Sticking to a plan
43:56 Should I own my employer’s stock?
48:12 Should I hold my stock picks in my TFSA?
50:09 How should I prepare my portfolio for a recession?
51:45 How does Real Estate compare to the stock market, and how does direct ownership compare to REITs?
54:04 Do I need an emergency fund?
57:24 Episode 93: 60 seconds
59:04 Book Review: The Culture Playbook: 60 Highly Effective Actions to Help Your Group Succeed
1:06:38 22 in 22 Reading Challenge Special Guest: Amer Kaissi
1:24:47 Aftershow
Participate in our Community Discussion about this Episode:
community.rationalreminder.ca/t/episode-231-investing-basics-and-common-questions-plus-reading-habits-w-amer-kaissi-discussion-thread/20716
Books From Today’s Episode:
Humbitious: The Power of Low-Ego, High-Drive Leadership — amzn.to/3WjHjry
Mindset — amzn.to/3Wzl7Kr
Quiet — amzn.to/3htlN4X
The Five Dysfunctions of a Team — amzn.to/3YmKqRv
The SPEED of Trust — amzn.to/3UWCljq
Top Five Regrets of the Dying — amzn.to/3uQcUWf
The Assertiveness Workbook — amzn.to/3VVDVUf
How to Raise Your Self Esteem — amzn.to/3BDM33p
Ego Is the Enemy — amzn.to/3BAyCkZ
Links From Today’s Episode:
Rational Reminder on iTunes — itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582.
Rational Reminder Website — rationalreminder.ca
Shop Merch — shop.rationalreminder.ca
Join the Community — community.rationalreminder.ca
Follow us on Twitter — twitter.com/RationalRemind
Follow us on Instagram — @rationalreminder
Benjamin on Twitter — twitter.com/benjaminwfelix
Cameron on Twitter — twitter.com/CameronPassmore
Amer Kaissi on Twitter — twitter.com/amerkaissi10
Amer Kaissi on LinkedIn — linkedin.com/in/amer-kaissi-ph-d-38258919
Amer Kaissi — amerkaissi.com
'The Value of Goals-Based Financial Planning' — financialplanningassociation.org/article/journal/JUN15-value-goals-based-financial-planning
'Excessive Extrapolation and the Allocation of 401(k) Accounts to Company Stock' — independent401kadvisors.com/library_articles/ExcessiveExtrapolation.pdf
'The Agony of Ecstasy: The risks and rewards of a concentrated stock position' — assets.jpmprivatebank.com/content/dam/jpm-wm-aem/global/pb/en/insights/eye-on-the-market/agony-ecstasy-2021.pdf
'The financial resilience and financial well-being of Canadians during the COVID-19 pandemic' — www150.statcan.gc.ca/n1/pub/75f0002m/75f0002m2021008-eng.htm
Today is our final episode featuring just the two of us before our annual wrap-up show, and we thought we would use this opportunity to cover some important foundational aspects of rational investing. Ben goes over some of the most fundamental concepts about market prices, risk, and actual returns before answering five common questions that relate to this level of information. From investing in an employer's stock to predicting the future and real estate comparisons, these five touch-points are always worth returning to, and should even interest the more experienced of our listeners. For the second half of the show, we offer a quick book review of The Culture Playbook by Daniel Coyle, and have a brief and illuminating conversation with Professor Amer Kaissi about his book, Humbitious, and some of his thoughts on the part that reading plays in rich and progressive life. Press play to catch all this and more on the Rational Reminder Podcast.
Timestamps:
0:00 Intro
12:20 Main Topic: Investing Basics
16:55 Why invest?
18:00 Risk and return
20:15 Discount rates
22:22 Pricing
24:33 Diversifiable and non-diversifiable risk
26:44 Unexpected returns
29:47 Optimal portfolios
37:45 Setting objectives
39:33 Sticking to a plan
43:56 Should I own my employer’s stock?
48:12 Should I hold my stock picks in my TFSA?
50:09 How should I prepare my portfolio for a recession?
51:45 How does Real Estate compare to the stock market, and how does direct ownership compare to REITs?
54:04 Do I need an emergency fund?
57:24 Episode 93: 60 seconds
59:04 Book Review: The Culture Playbook: 60 Highly Effective Actions to Help Your Group Succeed
1:06:38 22 in 22 Reading Challenge Special Guest: Amer Kaissi
1:24:47 Aftershow
Participate in our Community Discussion about this Episode:
community.rationalreminder.ca/t/episode-231-investing-basics-and-common-questions-plus-reading-habits-w-amer-kaissi-discussion-thread/20716
Books From Today’s Episode:
Humbitious: The Power of Low-Ego, High-Drive Leadership — amzn.to/3WjHjry
Mindset — amzn.to/3Wzl7Kr
Quiet — amzn.to/3htlN4X
The Five Dysfunctions of a Team — amzn.to/3YmKqRv
The SPEED of Trust — amzn.to/3UWCljq
Top Five Regrets of the Dying — amzn.to/3uQcUWf
The Assertiveness Workbook — amzn.to/3VVDVUf
How to Raise Your Self Esteem — amzn.to/3BDM33p
Ego Is the Enemy — amzn.to/3BAyCkZ
Links From Today’s Episode:
Rational Reminder on iTunes — itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582.
Rational Reminder Website — rationalreminder.ca
Shop Merch — shop.rationalreminder.ca
Join the Community — community.rationalreminder.ca
Follow us on Twitter — twitter.com/RationalRemind
Follow us on Instagram — @rationalreminder
Benjamin on Twitter — twitter.com/benjaminwfelix
Cameron on Twitter — twitter.com/CameronPassmore
Amer Kaissi on Twitter — twitter.com/amerkaissi10
Amer Kaissi on LinkedIn — linkedin.com/in/amer-kaissi-ph-d-38258919
Amer Kaissi — amerkaissi.com
'The Value of Goals-Based Financial Planning' — financialplanningassociation.org/article/journal/JUN15-value-goals-based-financial-planning
'Excessive Extrapolation and the Allocation of 401(k) Accounts to Company Stock' — independent401kadvisors.com/library_articles/ExcessiveExtrapolation.pdf
'The Agony of Ecstasy: The risks and rewards of a concentrated stock position' — assets.jpmprivatebank.com/content/dam/jpm-wm-aem/global/pb/en/insights/eye-on-the-market/agony-ecstasy-2021.pdf
'The financial resilience and financial well-being of Canadians during the COVID-19 pandemic' — www150.statcan.gc.ca/n1/pub/75f0002m/75f0002m2021008-eng.htm
