Think Smart with TMFG: Recent Episodes
The McClelland Financial Group of Assante Capital Management Ltd.
Take control of your financial destiny with great insights, tips and advice from Senior Financial Planners Rob McClelland and Mike Connon at The McClelland Financial Group of Assante Capital Management Ltd.
Every year, thousands of Canadians make retirement decisions, assuming that earlier is automatically better. New research says that assumption might be costing them their happiness.
In this episode of Think Smart with TMFG, we break down a 2025 Manulife study on retiree satisfaction: why the retirees who left work earlier than planned report being less happy than those who stuck to their original timeline, and what actually predicts a happy retirement.
We also dig into one of the more uncomfortable findings in the data. Nearly half of early retirees didn't leave by choice; they left because of health issues, caregiving needs, or layoffs, and only 15% retired simply because they'd saved enough. That gap between "chosen" and "forced" early retirement turns out to matter more than the age on the calendar.
From there, we break down what each group tends to regret most. Early retirees often underestimate the healthcare cost gap once workplace benefits disappear, and many claim CPP at 60 without realizing it locks in a permanently smaller payment for life. Late retirees carry their own risk: Canada's health-adjusted life expectancy sits around 66.9 years, which means working straight through to 65 or later can quietly cost someone their healthiest remaining years.
Finally, we share what actually separates happy retirees from unhappy ones on either side: building income, healthcare coverage, and a sense of purpose into the plan before the transition happens, not after.
đź“Ś If you're within five years of retiring, whether you're leaning early, leaning late, or still unsure, feel free to reach out. We'd be happy to help you build a plan around it:
Schedule a meeting here
🎧 Listen to the full episode on YouTube.
Check out the full analyzed source here: Manulife: Financial Resilience and Longevity Survey (2025)
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In this episode of Think Smart with TMFG: Client Stories, we sit down with Trish Lyle, a longtime TMFG client who spent 22 years as a foster parent to 135 children, alongside raising seven of her own. Together, we talk about what it really means to build a life and a home around family, generosity, and love rather than financial limits.
From a 15-passenger van and a four-by-eight-foot dining table to saying goodbye at the driveway more times than she can count, this conversation explores what it actually looks like behind the scenes of a life built around caring for others. We also discuss the financial realities of opening your home to so many children, the moments of heartbreak and joy that came with letting go, and why Trish says family, not the house it lives in, is what home really means.
Question for our listeners:
What does "home" mean to you?
đź“Ś If you'd like to learn more about who we are and how we help individuals and families navigate long-term financial decisions, you can connect with our team here:
Schedule a meeting.
🎧 Listen to the full episode on YouTube.
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You filled out a risk questionnaire once, when you opened your account, and probably never looked at it again. But do you actually know how you'll react if your portfolio drops 20%?
In this episode of Think Smart with TMFG, we unpack risk tolerance vs. risk capacity: what a risk questionnaire is really measuring, and why the answers people give in a calm market rarely hold up once one turns. We dig into recency bias, why investors overestimate their risk tolerance in good markets, and why fund flow data shows people moving into equities at the top and fleeing to cash at the bottom, exactly backwards.
We also cover the handful of life events that should actually change your risk profile: retirement, losing a spouse, or simply getting older.
đź“Ś If it's been years since you reviewed your risk profile, feel free to reach out. We'd be happy to help you through those decisions:
Schedule a meeting here
🎧 Listen to the full episode on YouTube.
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Most founders can tell you their business's revenue down to the penny, but ask about their own net worth, and they draw a blank.
In this episode of Think Smart with TMFG, we unpack founder compensation and personal wealth-building: why so many successful business owners are asset-rich on paper but personally behind, and why that gap only gets harder to close the longer you wait.
We dig into how you pay yourself: salary builds CPP and RRSP room, while dividends offer tax advantages but no CPP contributions, and aren't deductible to the corporation. We also cover using corporate debt to build income (versus personal debt to buy things), insurance as a corporate wealth tool, and the capital dividend account, a lesser-known way to pull money out of your company tax-free.
Finally, we share the habit that separates founders who build lasting wealth from those who don't: knowing when to stop reinvesting everything and start retaining earnings, even just 10–20%, so a rough year for the business doesn't become a personal financial crisis.
đź“Ś If you're a founder or business owner rethinking how you pay yourself or reinvest, feel free to reach out. We'd be happy to help you through those decisions:
Schedule a meeting here
🎧 Listen to the full episode on YouTube.
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This summer, a wave of Canadians will open their mail to find a GIC renewal notice, and the new rate won't look anything like the 5% they locked in back in 2023.
In this episode of Think Smart with TMFG, we go back to square one on Guaranteed Investment Certificates: what they actually are, why so many people own them without realizing it, and why the timing of this year's renewal wave matters so much.
We also dig into one of the biggest drawbacks of GICs: their tax treatment. Interest income is taxed at your top marginal rate, and accumulation GICs can leave you paying tax on money you haven't even received yet. For retirees focused on keeping their tax bill low, we discuss why those forgotten GICs often show up as an unexpectedly high interest line on a tax return.
From there, we break down the hybrid and index-linked GICs and liquidity risk, why locked-in money can be a problem inside a corporation or in a pinch, and the liquid alternatives like high-interest savings and money market funds that can serve a similar purpose.
Finally, we share practical strategies if GICs are right for you: laddering for liquidity, why you should always negotiate rather than accept the artificially low posted renewal rate, and the importance of watching CDIC coverage limits, especially outside the big five banks.
đź“Ś If you have a GIC coming due this summer, personally or inside your company, feel free to reach out before the renewal date. We'd be happy to help you through those decisions:
Schedule a meeting here
🎧 Listen to the full episode on YouTube.
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In our last episode, we covered the foundation of retirement planning for business owners. Now we continue the conversation by looking at what it actually takes to get a business ready for a successful sale.
What an owner thinks their company is worth doesn't always match what a buyer is willing to pay. We explore what buyers are really looking at when they assess value, and why most of them want to buy your cash flow, not your business. We also discuss why heavy owner dependency, mixed personal and business expenses, and customer concentration can all quietly hurt your valuation.
From there, we break down EBITDA, the difference between a share sale and an asset sale, and how family trusts can multiply the capital gains exemption.
If you missed Part 1, go back and have a listen to Episode 361, where we covered the retirement planning foundation that sets all of this up.
đź“Ś If you're a business owner starting to think seriously about a transition or succession, feel free to reach out. We'd be happy to help:
Schedule a meeting here
🎧 Listen to the full episode on YouTube.
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As a business owner, retirement can feel like a distant thought when you're focused on building something; stepping away is the last thing on your mind.
We explore why retirement planning looks different for business owners, why strong cash flow within a business can be misleading for long-term financial readiness, and why building assets outside the business is one of the most important steps an owner can take.
We also discuss the value of creating your own pension plan through tools like an IPP, why diversifying your income sources matters more than many business owners realize, and how separating yourself financially from your business, early on, can lead to a stronger retirement and a higher business valuation when the time comes to sell.
Finally, we touch on why preparing for a business transition isn't a one-year process, and why the best time to start thinking about your exit strategy is long before it feels urgent. This is Part 1 of a 2-part series. In our next episode, we continue the conversation by exploring what preparing for life after the business can look like as transition planning becomes more real.
đź“Ś If you're a business owner starting to think more seriously about retirement planning or business succession, feel free to reach out to us. We'd be happy to help:
Schedule a meeting here
🎧 Listen to the full episode on YouTube.
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As inflation rises, many retirees begin asking the same question: Will my retirement income still be enough 10, 20, or 30 years from now?
In this episode of Think Smart with TMFG, we explore why rising costs create unique challenges for retirees, how inflation impacts retirement income, and why maintaining purchasing power becomes one of the most important long-term planning considerations.
We also discuss the risks of becoming too conservative with retirement savings, why relying heavily on fixed-income investments can create challenges during inflationary periods, and how equities can help retirees keep pace with rising costs over time.
Finally, we discuss the importance of flexibility in retirement planning as health needs, family circumstances, spending goals, and economic conditions evolve throughout retirement.
đź“Ś If you're concerned about how inflation may affect your retirement income, withdrawal strategy, or long-term financial plan, feel free to reach out to us. We'd be happy to help:
Schedule a meeting here
🎧 Listen to the full episode on YouTube.
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Many families spend decades building wealth, but far fewer prepare for how that wealth will eventually transfer to the next generation.
In this episode of Think Smart with TMFG, we explore four common wealth transfer problems families often overlook, including avoiding difficult inheritance conversations, navigating family cottages, managing rising estate tax exposure, and preparing the next generation financially.
We also discuss why more retirees are choosing to help their children earlier in life rather than solely through inheritance, how larger RRIFs and rising asset values are creating unexpected tax complexity, and why passing down wealth does not automatically transfer financial knowledge or responsibility.
📌 If you’re starting to think about retirement structure, estate planning, or long-term family wealth planning, feel free to reach out to us. We’d be happy to help.
Schedule a meeting here
We also help facilitate family meetings where these conversations can take place openly in a safe, structured environment.
🎧 Listen to the full episode on YouTube.
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Building a successful business and exiting one successfully are often two very different skill sets.
In this episode of Think Smart with TMFG, we explore the emotional and financial side of stepping away from a business, from succession planning and business valuation to tax structures, identity, and preparing a company to operate without the owner at the center of everything.
We also discuss why many business owners wait too long to start planning, how personal and corporate finances often become intertwined over time, and why the best exits usually occur years before the actual transition.
📌 If you’re a business owner wondering whether your corporation, succession plan, or personal financial structure is truly prepared for the future, feel free to reach out to us. We’d be happy to help.
Schedule a meeting here
đź“Ś Want to learn more? Check out the article mentioned in this episode:
10 Years to Retirement: What Every Business Owner with $1 Million Should Be Doing Right Now
🎧 Listen to the full episode on YouTube.
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Some financial decisions sound smart at first… until years later, when the long-term consequences finally start to show up.
In this episode of Think Smart with TMFG, we talk about the financial decisions and investing behaviours we’ve become more cautious about after years of working with investors, retirees, and business owners across different market cycles.
From overly complex investment products and financial structures to overconfidence during strong markets, we walk through the patterns we’ve repeatedly seen create unnecessary pressure, higher costs, and long-term financial stress.
📌 If you’re wondering whether your portfolio, risk tolerance, or financial plan is truly aligned with your long-term goals, feel free to reach out to us. We’re happy to help.
Schedule a meeting here
đź“Ś Do you know what type of investor you are? Discover it in our episode 169:
Episode 169: The 5 Types of Investors - Which Type Are You?
🎧 Listen to the full episode on YouTube.
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In this episode of Think Smart with TMFG: Client Stories, we sit down with Jonathan van Bilsen, a longtime TMFG client, author, radio announcer, photographer, and world traveller who has explored more than 107 countries. Together, we talk about what travel has taught him about retirement, purpose, and health, and why so many people wait too long to do the things they truly want.
From stories in Egypt’s Valley of the Kings to planning trips across England using AI tools, this conversation explores what it really means to build a retirement around experiences, flexibility, and long-term thinking. We also discuss travel insurance, budgeting for travel, changing health in retirement, and why memories often become more valuable than possessions over time.
We also want to give a special shoutout to Jon’s book Photos n Travel, featuring photography and stories from his travels around the world. If you enjoy travel, culture, and photography, we definitely encourage you to check it out.
đź“– Buy the book here: https://www.photosntravel.com/
We also encourage you to check out The Jonathan van Bilsen Show, which features compelling guests from across the community and gives viewers an opportunity to learn the “Story Behind the Person.”
📌 If you’d like to build a retirement that gives you more flexibility to travel and enjoy the experiences that matter most to you, connect with our team here: Schedule a meeting.
Question for our listeners:
What’s one place in the world you’ve always wanted to visit, and what’s stopping you from going?
🎧 Listen to the full episode on YouTube.
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A smooth retirement doesn’t always start the way people expect… in fact, the first year is often where the real adjustment begins.
In this episode of Think Smart with TMFG, we walk through what actually happens financially in your first year of retirement, and why it can feel so different from what you planned.
From shifting away from a steady paycheck to building your own income stream, we break down how sources like CPP, OAS, pensions, RRIFs, and investment accounts come together, and why they don’t always line up as neatly as a biweekly paycheque. We also explore the key decisions retirees face early on, from when to draw income and how different sources are taxed, to how poor market timing (sequence of returns) can impact your long-term plan.
The first year won’t be perfect… but it’s where your retirement plan starts to take shape.
đź“Ś Want help building a retirement income plan that actually works in practice? Connect with our team:
Schedule a meeting here
đź“Ś Want to better understand how your retirement income will be structured?
Download our free guide: 10 Critical Mistakes People Make When Planning for Retirement.
Question for our listeners:
What surprised you most (or what do you think will surprise you) about the first year of retirement?
🎧 Listen to the full episode on YouTube.
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A tax bill doesn’t always mean something went wrong… it often means something worked.
In this episode of Think Smart with TMFG, we explain why taxes, especially on investments, are often misunderstood, and how they’re usually the result of growth, income, or smart financial decisions.
From interest and dividends to capital gains, we break down how each is taxed and why capital gains, despite being the most tax-efficient, tend to trigger the biggest reactions.
We also cover why realizing gains on purpose, like during portfolio rebalancing, can actually protect your long-term plan, even if it means paying some tax today.
Avoiding tax at all costs can lead to bigger financial mistakes.
đź“Ś Want to understand how taxes impact your financial plan? Connect with our team:
Schedule a meeting here
đź“Ś Want to understand how your investments get taxed?
Download our free guide: 10 Mistakes That Investors MakeQuestion for our listeners:
Have you ever avoided a financial decision just to avoid paying tax?
🎧 Listen to the full episode on YouTube.
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Global events don’t stay global; they show up in your day-to-day costs.
In this episode of Think Smart with TMFG, we break down how disruptions in the Strait of Hormuz are driving inflation, increasing oil prices, and impacting everyday Canadians.
We explain why this is a supply shock, not a demand issue, and why interest rates don’t always fix it. From gas and groceries to travel and manufacturing, rising oil prices affect more than most people realize.
We also discuss what this means for your portfolio, and why reacting emotionally during periods like this can do more harm than good.
These events are out of your control, but how you plan around them isn’t.
đź“Ś Want to understand how rising costs and market changes may impact your financial plan? Connect with our team to continue the conversation:
Schedule a meeting here
đź“Ś Want to understand how rising costs may affect your long-term plan?
Download our free guide: “Will You Run Out of Money in Retirement?”
Question for our listeners:
Have rising costs changed how you think about your financial plan?
🎧 Listen to the full episode on YouTube.
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In the continuation of our Understanding the Disability Tax Credit (DTC) series, we shift the focus to what happens after approval, and why this step can be more impactful than many Canadians expect.
In this episode of Think Smart with TMFG, we break down how the DTC works from a financial perspective, including how the non-refundable tax credit can reduce taxes payable and be transferred within a family when it can’t be fully used.
We also discuss the potential for retroactive tax adjustments, which can lead to meaningful refunds depending on how long eligibility has been in place.
Beyond taxes, we explore what the DTC unlocks, including access to the Registered Disability Savings Plan (RDSP), government grants, and the long-term benefit of tax-deferred growth.
The conversation also covers important planning considerations, such as protecting government benefits, structuring assets properly, and how strategies like a Henson Trust can help preserve income support while managing wealth effectively.
📌 If you’d like help understanding how this could fit into your financial plan, you can connect with our team here: Schedule a meeting.
Question for our listeners:
If you or someone in your family qualifies for the DTC, are you fully using the opportunities that come with it?
🎧 Listen to the full episode on YouTube.
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In this special episode of Think Smart with TMFG, we’re launching a new series, Client Stories, conversations with clients about the experiences, decisions, and challenges that have shaped their lives and financial journeys.
To begin the series, we sit down with Rob McClelland, founder of The McClelland Financial Group of CI Assante Wealth Management Ltd, to reflect on what it really took to build a business from the ground up, and the lessons that only become clear in hindsight. Rob shares the uncertainty, financial pressure, and personal sacrifices that came with starting out, along with the mindset, discipline, and calculated risk-taking that helped him keep moving forward.
We also explore what it means to grow something sustainable over time, from leadership and hiring to systems, recurring income, and balancing business growth with family life. More than a business story, this conversation is about long-term thinking, resilience, and what it takes to build something that can last beyond you.
📌 If you’d like to learn more about who we are and how we help individuals, families, and business owners navigate long-term financial decisions, you can connect with our team here: Schedule a meeting.
Question for our listeners:
If you were building something from the ground up, what would you want to get right from the beginning?
🎧 Listen to the full episode on YouTube.
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The Disability Tax Credit (DTC) is one of the most overlooked tax benefits available to Canadians, and many individuals and families may not realize it could apply to them.
In this episode of Think Smart with TMFG, we break down who may qualify, how the DTC works, and why it can be much more important than people think. While many assume it’s the same as disability income or government support, the DTC is actually a federal tax credit that can open the door to other financial opportunities.
We also discuss why eligibility is based on how a condition affects daily living, and how approval may lead to benefits like retroactive tax savings, access to an RDSP, and other planning opportunities for individuals and families.
This episode is a starting point for understanding how the DTC works, and why it may be worth looking into if disability has affected you or someone in your family.
📌 If you’d like help understanding how this could connect to your financial plan, you can connect with our team here: Schedule a meeting.
Question for our listeners:
Have you ever looked into whether the Disability Tax Credit could apply to your situation?
🎧 Listen to the full episode on YouTube.
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Revenue is often the first number people look at when measuring business success, but it rarely tells the full story. A business can generate strong sales and still struggle financially behind the scenes.
In this episode of Think Smart with TMFG, we break down what actually defines a sustainable business. From profit margins and cash flow to debt management and clients, the real indicators of success go far beyond revenue alone.
We also explore the key difference between being a business owner and an employee, including the trade-off between income stability and control, and the risks that come with relying too heavily on the business itself.
A major focus is the importance of separating business and personal financial planning. Many owners reinvest everything back into the business, but without building personal wealth outside of it, long-term financial security, especially retirement, can be at risk.
A successful business isn’t just about how much you make; it’s about how sustainable, efficient, and aligned it is with your long-term financial plan.
📌 If you’d like help aligning your business and personal financial plan, you can connect with our team here: Schedule a meeting.
Question for our listeners:
Are you measuring your business success beyond just revenue?
🎧 Listen to the full episode on YouTube.
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The path that once defined financial success in Canada is starting to feel less certain. Rising costs, shifting careers, and housing challenges are prompting many to question the country's economic direction.
In this episode of Think Smart with TMFG, we break down why Canadians are feeling this shift. From affordability and job market changes to the growing gap between wages and living costs, the traditional roadmap looks very different today.
Housing remains a key pressure point, especially for younger Canadians, while many families are now navigating how to support the next generation without compromising their own retirement.
We also explore how career stability and pensions have evolved, placing more responsibility on individuals to manage their financial future.
The takeaway? The Canadian Dream isn’t gone, but it requires a more active and adaptable approach than before.
📌 If you’d like help building or adjusting your financial plan in today’s changing environment, you can connect with our team here: Schedule a meeting.
Question for our listeners:
Do you think the Canadian Dream is still achievable today?
🎧 Listen to the full episode on YouTube.
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For most of our working lives, financial advice is simple: save more, invest consistently, and build your portfolio. But eventually, the conversation changes. Instead of asking how to grow your money, the question becomes how that money will support your lifestyle.
On this episode of Think Smart with TMFG, we explore the psychological and financial shift that happens as people move from accumulation to spending in retirement. Many savers spend decades building their wealth, only to discover that actually using it can feel uncomfortable.
We discuss why this transition can be difficult, including the concept of loss aversion, a behavioural bias that makes people feel the pain of seeing their portfolio decline more strongly than the benefit of using it for their lifestyle.
We also look at the structure of retirement income in Canada. Programs like CPP and OAS provide a base level of income, but for most people, they are not enough to maintain the lifestyle they’re used to. That’s why personal savings, pensions, and investment withdrawals play such an important role in retirement planning.
The key is understanding that retirement planning isn’t just about building wealth. It’s about building the confidence to use that wealth in a way that supports the life you worked so hard to create.
Question for our listeners:
Do you think the harder part of financial planning is saving for retirement or learning how to spend in retirement?
📌 If you’d like help turning your savings into a retirement income plan, you can connect with our team here: Schedule a meeting.
🎧 Listen to the full episode on YouTube.
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Estate planning isn’t just about who gets what; it’s about what happens to your money, your taxes, and your family when you’re no longer here.
On this episode of Think Smart with TMFG, we explain why a will is only one part of the process and how taxes can become the biggest surprise for families. From executors and guardianship to beneficiary designations and probate, real planning is about coordination, not just paperwork.
We also walk through what happens at death from a tax perspective in Canada. Many assets are treated as if they were sold, which can trigger capital gains and fully taxable RRSP or RRIF balances, sometimes creating the largest tax bill of your lifetime.
The goal isn’t just to have documents in place. It’s to reduce stress, avoid unnecessary taxes, and make things easier for the people you care about.
Question for our listeners:
What feels more overwhelming to you: choosing an executor, understanding the tax impact, or making sure everything is properly coordinated?
📌 If you’d like help reviewing how your will and investments fit together, you can book a meeting with our team here: Schedule a meeting.
🎧 Click here to listen on YouTube.
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Owning a business gives you flexibility in how you pay yourself, but that flexibility can also create confusion around what’s actually best for your taxes, retirement, and long-term financial plan.
On this episode of Think Smart with TMFG, we break down the key differences between taking a salary, dividends, or a mix of both, and how each choice impacts your taxes today and your financial future. From RRSP contribution room and CPP benefits to corporate tax rates and long-term savings inside a company, the way you structure your compensation matters more than many business owners realize.
We also discuss why incorporating isn’t always the “magic solution” people expect, how leaving money inside a corporation can be beneficial, and the common mistakes owners make when they focus solely on short-term tax savings rather than long-term planning.
The goal is to make informed decisions based on your income needs, business structure, and retirement goals so your compensation strategy actually supports the life you’re building.
Question for our listeners:
If you’re a business owner, what’s been more challenging: deciding how to pay yourself, understanding corporate taxes, or planning for retirement while running the business?
📌 If you’d like guidance on structuring your income, planning withdrawals, or optimizing your compensation strategy, you can book a meeting with our team here: Schedule a meeting.
🎧 Click here to listen on YouTube.
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Tax season has a way of making even the most organized Canadians feel like things are a bit out of control. On this episode of Think Smart with TMFG, we walk through what actually matters for the 2026 tax season, from key filing deadlines and the slips to expect, to the deductions, credits, and common mistakes that can quietly cost people money each year.
We talk about why many Canadians end up overpaying, not because they did anything wrong, but because they didn’t know what to look for. We also cover what’s different for self-employed individuals, how staying organized throughout the year can make tax time easier, and why being strategic with RRSP contributions can have a bigger impact than simply trying to maximize them.
The goal isn’t to get everything perfect, it’s to stay informed, prepared, and intentional so you can avoid unnecessary stress and make better financial decisions.
Question for our listeners: What part of tax season makes you feel the most uncertain, knowing what to claim, staying organized, or worrying you missed something?
📌 If you’d like guidance that goes beyond just filing and helps you plan ahead, you can book a meeting with our team here: Schedule a meeting.
🎧 Click here to listen on YouTube.
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Can keeping up with everyone else really hurt your finances? The short answer: yes, more than most Canadians realize.
On this episode of Think Smart with TMFG, we analyze how rising costs and debt are pushing people to compare themselves to friends, coworkers, and what they see online. Those comparison-driven choices? They can lead to stress, overspending, and putting off important long-term planning.
We walk through real examples and practical tips on how budgeting, awareness, and informed decisions can help you take control of your money, avoid financial pitfalls, and make smarter moves for the future.
The takeaway is simple: focus on your financial growth, not what anyone else is doing. Planning well and sticking to disciplined habits is what really pays off.
Question for our listeners: Are comparisons affecting your spending, your career choices, or your long-term plans?
đź“Ś If you want to make a plan that prioritizes your goals, book a meeting with our team here: Schedule a meeting.
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AI isn’t coming; it’s already here. And the real question most Canadians are asking is: Is my job safe?
On this episode of Think Smart with TMFG, we talk about how AI is already showing up in Canadian workplaces and why the reality is much more nuanced than the headlines suggest.
We look at how technology has reshaped work throughout history, from farming and manufacturing to today’s knowledge economy, and why AI is more likely to change the nature of many jobs rather than simply wipe them out. We also discuss which roles may be more exposed to automation, why repetitive and routine tasks are at higher risk, and how factors like education, age, and adaptability affect long-term career resilience.
From a planning perspective, we share why learning to work with AI, instead of resisting it, can help you stay relevant, productive, and valuable as the labour market evolves. And we talk about why human skills like judgment, empathy, and behavioural guidance still matter deeply, especially in fields like healthcare, law, and financial advice.
The core message? AI isn’t “you versus the machine.” The future belongs to people who learn to work alongside AI and use it to enhance the value they bring to others.
Question for our listeners: Are you preparing your career and long-term plans for a world where AI plays a bigger role?
📌 If you’d like help thinking through how changes in your work could affect your financial plan, book a meeting with our team here: Schedule your meeting here.
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As global economic dynamics continue to shift, understanding Canada’s role on the world stage is more important than ever.
In this episode of Think Smart with TMFG, Mike Connon and Carlo Cansino, Senior Financial Advisors at The McClelland Financial Group of CI Assante Wealth Management, discuss Mark Carney’s impactful speech at the World Economic Forum in Davos and why it captured global attention.
They break down how the traditional rules-based global order is changing, why trust and cooperation matter in economic systems, and what happens when countries stop playing by shared rules. The conversation highlights the growing role of “middle powers” like Canada and explains why Canada’s reputation as an honest trading partner, its educated workforce, and its diversity position it well in an evolving global landscape.
From an investment perspective, Mike and Carlo reinforce: global diversification remains essential. Rather than trying to predict which countries will succeed, a broadly diversified portfolio helps investors stay resilient through uncertainty.
The key takeaway? While global power is shifting, disciplined, diversified investing remains a strong foundation for long-term financial success.
Question for our listeners: Does your investment strategy reflect today’s changing global landscape?
📌 If you’d like help reviewing your portfolio, book a meeting with our team here: Schedule your meeting here.
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With Valentine’s Day around the corner, it’s a good reminder that retirement planning isn’t one-size-fits-all. Whether you’re part of a couple, planning on your own, or navigating a life change, your strategy matters.
In this episode of Think Smart with TMFG, Mike Connon and Carlo Cansino, Senior Financial Advisors at CI Assante Wealth Management, discuss how retirement planning changes depending on your personal situation.
They explain why it’s a mistake to assume that income and expenses automatically scale down when someone is on their own. While couples often benefit from shared costs, income splitting, and built-in support systems, individuals planning independently, or those who may face changes later in life, need to think differently about taxes, cash flow, and long-term security.
Mike and Carlo walk through Canadian income and tax considerations, including how pension income splitting and Old Age Security (OAS) treatment can significantly affect after-tax income. They also discuss why many everyday expenses, such as housing, utilities, and travel, don’t decrease as much as people expect, regardless of household size.
Beyond the numbers, the conversation highlights real-life planning considerations: having support systems in place, preparing for healthcare needs, simplifying finances, and building flexibility into your plan. Whether you’re planning as a couple or on your own, understanding these differences can help you stay prepared for whatever life brings.
The key takeaway? A strong retirement plan adapts as your life evolves, and thinking ahead makes all the difference.
Question for our Listeners: Does your current plan account for both financial and lifestyle considerations?
📌 If you’d like help reviewing your retirement plan or adjusting your strategy, you can book a meeting with our team here: Schedule your meeting here.
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In this episode of Think Smart with TMFG, Mike Connon and Carlo Cansino, Senior Financial Advisors at The McClelland Financial Group of CI Assante Wealth Management, address a key question many Canadians are facing: If you receive a lump sum of money, is it smarter to pay down your mortgage or invest it?
The advisors explore the advantages of paying down debt, particularly in a higher interest rate environment. Paying off mortgage principal provides a guaranteed return equal to the interest you would otherwise pay, reduces financial stress, and improves cash flow, especially important as people approach retirement. They emphasize that retiring with minimal or no debt frees up income for living expenses without ongoing interest obligations.
They also discuss the benefits of investing the money, especially through tax-efficient accounts like TFSAs and RRSPs. Investing can produce returns that exceed mortgage interest over time, but returns are not guaranteed and depend on market performance and tax treatment. Mike and Carlo explain how different accounts and investment choices affect your after-tax outcome and why balancing risk and reward matters.
Finally, they recommend a hybrid strategy for many households, allocating some funds to reduce mortgage debt while investing the rest. This helps preserve liquidity, reduce long-term interest costs, and maintain growth potential. They also highlight concerning trends in Canadian household debt and caution against relying on your home as a financial plan.
Questions for our Listeners:
- If you received a significant lump sum of money, how would you balance paying down debt versus investing?
- Would a hybrid approach give you more confidence in your financial plan?
📌 For a deeper dive into this topic, read the article by advisor Gabriel Zitoli that expands on the insights discussed in today’s episode:
Invest or Pay Down Your Mortgage? Our Key Insights for Canadian Homeowners to Build Wealth Smarter by Gabriel Zitoli
If you’d like help reviewing your situation, goals, or strategy, you can book a meeting with our team here: Schedule your meeting here.
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In this episode of Think Smart with TMFG, Mike Connon and John Iaconetti, Financial Advisors at The McClelland Financial Group of CI Assante Wealth Management, focus on what has been happening in Venezuela and why global political headlines, especially those tied to oil, matter to Canadians and their investments.
The conversation examines Venezuela’s massive oil reserves, the impact of long-standing government corruption, and why recent U.S. involvement has garnered global attention. Along the way, the discussion explains why oil quality and refining costs play an important role in global energy markets, not just the size of the reserves.
Closer to home, the episode explores how these developments can affect Canada. Because Canadian oil is similar to Venezuela’s, changes in global supply and access can impact Canadian energy companies, market performance, and the broader economy.
At the same time, the episode reinforces an important investing principle: reacting to geopolitical headlines often does more harm than good. Political events are unpredictable, and short-term market moves rarely justify changing a long-term plan. Staying diversified and focused on long-term goals remains key during periods of uncertainty.
Questions for our Listeners:
Given the importance of energy to Canada, do you think global oil politics affect Canadian investors more than we tend to realize?
If you’d like to review your portfolio, discuss your long-term goals, or make sure your investment strategy still fits your situation, you can book a meeting with our team here: Schedule your meeting here.
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In this episode of Think Smart with TMFG, Mike Connon and John Iaconetti, Financial Advisors at The McClelland Financial Group of Assante Capital Management, discuss when it makes sense for Canadian business owners to incorporate and what factors should drive that decision. They explain why there is no single income level that automatically signals incorporation, and why future growth, cash flow needs, and long-term goals matter more than a fixed dollar threshold.
They walk through 5 key considerations for growing businesses, including tax-efficient compensation strategies using salary versus dividends, managing risk through proper corporate structuring, and protecting the business with insurance. The discussion also covers investing excess cash inside a corporation, how Capital Dividend Accounts work, and how passive income can impact the small business deduction.
Finally, they emphasize the importance of maintaining accurate records, maximizing legitimate deductions, and planning for long-term corporate wealth and eventual exit strategies. Whether transitioning a business to family, selling it, or winding it down, they emphasize that early planning and professional advice are essential to building value and avoiding costly mistakes.
If you would like guidance on corporate planning or are considering incorporation for your situation, please schedule a meeting here: Schedule your meeting here.
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In this episode of Think Smart with TMFG, Mike Connon and John Iaconetti, Financial Advisors at The McClelland Financial Group of Assante Capital Management, discuss common estate planning mistakes and practical strategies for Canadians. They explore why having a properly structured will, appointing executors, and setting up powers of attorney are critical for a smooth estate transfer and for protecting your family.
They also highlight the risks of dying without a will, including the government dictating how assets are distributed, potential family disputes, and delays caused by non-liquid assets, like cottages or other properties. They emphasize the importance of beneficiary designations, insurance strategies, and ensuring liquidity in your estate to manage taxes and unexpected costs efficiently.
Ultimately, they stress the importance of documenting decisions and communicating with family members to prevent ambiguity, safeguard relationships, and alleviate stress for loved ones. They explain that a will and a power of attorney are separate tools, each with specific roles, and that acting while in full capacity is essential to avoid future complications. Careful estate planning is not just about money; it’s about protecting your family, preserving your legacy, and ensuring peace of mind.
If you would like guidance on creating an estate plan tailored to your specific situation, please request a meeting here: Schedule your meeting here.
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In this episode of Think Smart with TMFG, Mike Connon and Carlo Cansino, Senior Financial Advisors at The McClelland Financial Group of Assante Capital Management, explore practical strategies for Canadians approaching retirement. They highlight the challenges many retirees face, including navigating pensions and government benefits, as well as planning for unexpected expenses.
Mike and Carlo discuss the decline of traditional defined benefit plans and emphasize the importance of supplementing public pensions, such as CPP and Old Age Security, with personal savings and tax-advantaged accounts, including RRSPs and TFSAs. They also explain how timing decisions, like deferring CPP or OAS, can significantly boost retirement income, and how sharing benefits with a spouse can help manage household taxes.
Unexpected costs are a common source of stress for retirees, including everything from home maintenance and condo assessments to healthcare expenses, such as dental work. Finally, they address the misconception that retirees should drastically reduce their equity exposure. Since inflation affects retirement expenses, maintaining growth-oriented investments is crucial to ensure your portfolio keeps pace over a long retirement horizon.
Ultimately, they emphasize that retirement planning is dynamic: your plan should evolve in response to life changes, while keeping you prepared for unforeseen expenses, thereby helping you retire with confidence and peace of mind.
If you want guidance on creating a retirement plan tailored to your goals, request a meeting here: Schedule your meeting here!
Read the article: "In Your 50s and Thinking About Retirement, What to Know” by Financial Advisor Ingrid Kucera at TMFG, and learn how to turn your retirement savings into a dependable income strategy that supports your long-term goals with confidence.
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In this episode of Think Smart with TMFG, Mike Connon and Carlo Cansino, Senior Financial Advisors at The McClelland Financial Group of Assante Capital Management, dive into practical strategies for Canadians who want to invest smarter without getting caught up in market hype. They emphasize that long-term success isn’t about chasing the latest hot stock or sector; it’s about having a clear, goal-based financial plan that guides every decision.
They break down why diversification across sectors, asset classes, and geographic regions is essential, and how regular portfolio rebalancing helps you stay on track and maintain your risk tolerance. Mike and Carlo also discuss common investor pitfalls, from fear of missing out to reacting emotionally to short-term market swings and explain how a disciplined plan helps you stay focused during volatile times.
Finally, they share insights from research showing that investors who adhere to written, goal-based plans are significantly more likely to achieve their long-term objectives.
For more in-depth guidance on how investor behaviour impacts wealth, check out Tyler Robertson’s Financial Advisor at TMFG, article on our website: Stay Out of Your Own Way To Be a Successful Investor
If you want help creating a plan that aligns with your goals and keeps you on track through market fluctuations, request a meeting here: https://tmfg.ca/schedule/
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This Think Smart with TMFG episode, hosted by Mike Connon and John Iaconetti, Financial Advisors of The McClelland Financial Group at Assante Capital Management, explores why retirement feels more challenging today and how inflation is affecting Canadians’ long-term financial plans.
Key Takeaways:* Inflation is making retirement more expensive, and many retirees are having to adjust their plans because everyday costs continue to rise. * People now believe they need to save much more, close to $1 million, to feel comfortable in retirement. * Government benefits help, but don’t keep up, which means planning, the right investment mix, and smart withdrawal strategies are more important than ever.
In today’s economy, rising costs are a constant reality, not a temporary hurdle. The key to a successful retirement is preparing for the uncertainties of inflation and ensuring your plan can adapt as life changes.
This Think Smart with TMFG episode, hosted by Mike Connon and Carlo Cansino, Financial Advisors at The McClelland Financial Group of Assante Capital Management, explores how rising tariffs and trade tensions are reshaping Canada’s economy and global markets.
Key Takeaways:
- Canada sends 75% of its exports to the U.S., making it vulnerable to trade disruptions.
- Emerging markets, such as China and India, are becoming major economic players and presenting new opportunities for investors.
- A balanced portfolio with a home bias helps reduce currency risk and stay tax-efficient.
This episode highlights why TMFG encourages diversification in both trade and investing to remain resilient in a changing global economy.
This Think Smart with TMFG episode, hosted by Mike Connon and Carlo Cansino, Financial Advisors at The McClelland Financial Group of Assante Capital Management, dives into what they call “The Advisor for Life Conundrum.” Many clients hope to work with one trusted advisor for their entire financial journey, but how realistic is that when an advisor’s career may last 30 years and a client’s financial plan can span 50 or more?
Key Takeaways:
- Building lifelong trust means creating a consistent client experience, not just a single relationship.
- A strong advisory team ensures continuity even as individual advisors retire or transition.
- Professionalism, motivation, curiosity, and likability are core to maintaining lasting client confidence.
This episode highlights how TMFG focuses on delivering a seamless, high-quality advisory experience that stands the test of time, ensuring clients and their families are supported for generations.
This Think Smart with TMFG episode, hosted by Mike Connon and Carlo Cansino, Financial Advisors at The McClelland Financial Group of Assante Capital Management, shares insights from a recent AI-focused conference. They explore how tools like ChatGPT can be incredibly powerful, but only when used by experts. Just as using a heavy concrete saw without experience can be risky, relying on AI without proper guidance can lead to mistakes.
Key Takeaways:
- AI boosts efficiency but doesn't replace human judgment.
- Quick answers from AI can mislead if used without expertise.
- Professional insight ensures AI is used safely and effectively.
AI is fascinating, powerful, and sometimes unpredictable. This episode reflects on how tools like ChatGPT can amaze us, while also reminding us that experience and context still matter.
This Think Smart with TMFG episode, hosted by Mike Connon and Carlo Cansino, Financial Advisors at The McClelland Financial Group of Assante Capital Management, explores the chaos of losing a cell phone on vacation and its surprising impact on modern life. From travel apps to reliance on technology, they explore the challenges and offer essential tips for parents and travellers alike.
Key Takeaways:
- Social Lifeline: For teenagers, a phone is their entire social network; losing it can cause panic.
- The Paid Data Trend: The incident revealed that apps like Snapchat are shifting to a paid model to let users keep their historical data.
- Navigation Struggles: The hosts noted the common reliance on GPS apps like Waze, with young adults struggling to navigate without digital guidance.
In the connected world, a phone is now essential for daily life, not just communication. The key to successful travel and parenting is planning for the uncertainties of technology failure and loss.
This Think Smart with TMFG episode, hosted by Mike Connon and John Iaconetti, Financial Advisors at The McClelland Financial Group of Assante Capital Management Ltd, explores how the lifespan of home products has changed, from old 40‑year lawnmowers to today’s modern appliances.
Key Insights:
- Modern products often last less but are more efficient.
- Knowing how long things last helps you plan for replacements.
- Budgeting ahead makes unexpected home costs easier to handle.
Planning and budgeting for home repairs and replacements is key to keeping your home running smoothly in today’s world.
Join Mike Connon and Carlo Cansino, Senior Financial Advisors at The McClelland Financial Group of Assante Capital Management Ltd., as they explore the psychology of retirement.
They explore the four common mindsets people have as they approach this major life transition: the countdown-to-retire, those accepting severance packages, the one-more-thing crowd, and those who never plan to stop working.
Discover how identity, family dynamics, and financial readiness shape retirement decisions, and why understanding your own mindset can make all the difference in creating a fulfilling next chapter.
This Think Smart with TMFG episode, hosted by Mike Connon and Carlo Cansino, Financial Advisors at The McClelland Financial Group of Assante Wealth Management, explores the top concerns Canadians face as they approach retirement. The hosts highlight the challenges of balancing financial security, health needs, and market uncertainty as retirement gets closer.
Key Takeaways
- Healthcare Costs: Many retirees worry about rising healthcare expenses and whether government benefits will be enough to cover long-term care needs.
- Outliving Savings: A major fear is running out of money, especially with longer lifespans and unpredictable expenses in retirement.
- Market Volatility: Concerns over potential market corrections can create uncertainty about whether investment portfolios will sustain income over time.
- Balancing Lifestyle & Security: Retirees struggle between enjoying their savings now and preserving enough for the future.
Final Insight
Retirement planning is not just about saving enough, but about preparing for uncertainties. With proper financial guidance and a long-term plan, retirees can navigate healthcare costs, market changes, and longevity risks with more confidence and peace of mind.
This Think Smart with TMFG episode, hosted by Mike Connon and John Iaconetti, Financial Advisors at The McClelland Financial Group of Assante Wealth Management, explores the rapid growth of artificial intelligence (AI), especially ChatGPT. They discuss how AI has expanded far beyond its initial perception as a student tool into healthcare, business, finance, and everyday life. While AI offers major benefits - such as medical advancements, efficiency in business, and productivity tools - it also presents risks including misinformation, over-reliance, job displacement, and mental health concerns. The hosts conclude that AI is a powerful tool, but human judgment remains essential to ensure it is used responsibly.
Key Takeaways1. AI’s Growth: From early confusion around ChatGPT to now having over 800 million users, AI adoption has been rapid and widespread. 2. Applications Across Industries: AI plays roles in healthcare (disease detection), business (inventory management, robotics), transportation (self-driving and park assist), and finance (portfolio monitoring and client tools). 3. Productivity Gains: AI assists with writing, research, meeting summaries, and routine business tasks, freeing time for higher-value work. 4. Risks & Concerns:
* AI can reinforce harmful ideas rather than provide sound advice.
* Potential misuse in misinformation, surveillance, or weaponization.
* Risk of job loss if displaced workers aren’t transitioned into meaningful new roles.
* Mental health concerns when individuals rely on AI for guidance.
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Best vs. Worst Case Scenarios:
- Best: AI enhances healthcare, education, science, climate solutions, and relieves humans from repetitive work.
- Worst: AI fuels misinformation, job loss, inequality, and loss of reality through deepfakes and false content.
- Final Insight: AI is a tool—its impact depends on how responsibly humans use it. Critical thinking and human oversight are irreplaceable.
This episode of Think Smart with TMFG — hosted by Mike Connon with guest Carlo Cansino — explains practical strategies for charitable giving in Canada. They cover giving cash, donating securities to avoid capital gains tax, naming charities as beneficiaries of insurance and RRSP/RRIFs, and using donor-advised funds to create a flexible, tax-efficient legacy.
Learn about tax receipts, tax-free growth inside donor-advised funds, minimums and annual distribution rules, and how to time donations in high-income years to increase impact.
Join Mike Connon and Carlo Cansino, Senior Financial Advisors at The McClelland Financial Group of Assante Capital Management Ltd., as they take a closer look at the essentials of estate planning for Canadians. In this episode, they break down what probate is, how provincial probate fees work, and the common strategies to minimize those costs — from beneficiary designations and joint accounts to the use of insurance.
Mike and Carlo also explain the tax rules that apply at death, how spousal rollovers can defer taxes, and when wills or trusts may be the right solution. They emphasize the importance of aligning your estate strategy with your personal situation, and why clear, accurate beneficiary designations can make all the difference.
Blending straightforward explanations with practical financial insight, this episode helps Canadians understand how to avoid costly mistakes in estate planning. Whether you have a simple estate or a more complex one, Mike and Carlo share key considerations and encourage you to seek professional guidance to ensure your wishes are carried out effectively.
Join Mike Connon and John Iaconetti, Financial Advisors at The McClelland Financial Group of Assante Capital Management Ltd., as they take a closer look at misleading advertising and how it can shape — and sometimes distort — financial decisions. In this episode, they break down common marketing claims, from active investment fund promises and the old “Freedom 55” dream to product hype like miracle toning shoes, “clean diesel” campaigns, and even the way coolers were sold as lifestyle upgrades.
Mike and John explain how advertisers often gloss over risks, exaggerate potential benefits, or disguise hidden costs. They highlight why these tactics can be so persuasive, the real impact they can have on investors and consumers, and how to spot the red flags in everyday ads.
Blending real-world examples with practical financial insight, this episode encourages Canadians to think critically about the messages they see and hear. Whether you’re investing, saving for retirement, or simply making everyday purchases, Mike and John share strategies to help you cut through the noise and make informed decisions.
Join Mike Connon and John Iaconetti, Financial Advisors at The McClelland Financial Group of Assante Capital Management Ltd., as they unpack one of the biggest financial debates Canadians face: renting versus buying a home. In this episode, they break down the real investment benefits of real estate—covering tax advantages, leverage opportunities, and what typical long-term returns actually look like.
Mike and John provide clear guidance tailored to three key life stages. For those 18–30, they highlight the risks young buyers face and why renting might sometimes be the smarter move. For ages 30–70, they discuss the stability and family security that come with homeownership. And for retirees 70+, they tackle the liquidity concerns and financial trade-offs of staying in—or selling—your home.
Blending professional insight with practical advice, this episode offers a balanced perspective to help you make the right decision at every stage of life. Whether you’re saving for your first place, raising a family, or considering downsizing in retirement, Mike and John share the strategies you need to confidently navigate the rent vs. buy decision.
Join Mike Connon and John Iaconetti, Senior Financial Advisors at The McClelland Financial Group of Assante Capital Management Ltd., as they unpack the complexities of inheritance planning. In this episode, they explore how to prepare your children to responsibly manage the wealth they may inherit—focusing on the importance of building strong financial habits early in life.
From using trusts to hosting purposeful family meetings, they share actionable strategies to protect your legacy and ensure a smooth transfer of wealth across generations. Along the way, you'll hear timeless lessons from thought leaders like Warren Buffett, plus practical advice to help you avoid the common pitfalls of generational wealth.
Whether you're planning your estate or thinking ahead for your family’s financial future, this episode offers essential insights to guide the way.
In this episode of "Think Smart with TMFG," hosts Mike Connon and Financial Advisor, John Iacanetti at The McClelland Financial Group of Assante Capital Management Ltd., dive deeper into the world of credit cards—an everyday financial tool that’s often misunderstood.
Building on their previous discussion, they explore practical strategies for effective credit card management, offering listeners actionable tips to maximize benefits while avoiding common mistakes.
Learn how to maintain a healthy credit balance, steer clear of pitfalls like carrying unpaid balances and using cash advances, and make the most of your rewards programs.
John also shares his personal experience navigating credit card debt, shedding light on how disciplined habits and smart usage can make a real difference.
They cover the many perks of credit cards—fraud protection, extended warranties, and convenience—while offering key advice on interest rates, automatic payments, and subscription management.
Whether you're new to credit or looking to sharpen your approach, this episode is full of valuable insights to help you use credit cards wisely and strengthen your financial well-being.
In this episode of Think Smart with TMFG, Mike Connon and Senior Financial Advisor at The McClelland Financial Group of Assante Capital Management Ltd., John Iaconetti dive into the often-overlooked complexities of credit cards — a modern financial tool that’s both essential and potentially risky. They unpack the benefits, from building credit history to maximizing rewards, while offering a clear-eyed look at common pitfalls like high interest rates and overspending. You’ll also learn how credit card companies really operate, debunk popular myths about credit utilization, and get practical tips for choosing the right card to fit your lifestyle and financial goals.
Welcome to another episode of Think Smart with TMFG.
In this episode, host Mike Connon is joined by John Iaconetti, Senior Financial Advisor at The McClelland Financial Group of Assante Capital Management Ltd., for an insightful conversation on the evolving role of middlemen across industries.
From construction and banking to retail and beyond, they explore how intermediaries impact costs, efficiency, and your bottom line—drawing from both personal stories and professional experience.
You'll walk away with practical tips to reduce the layers between you and the products or services you need—whether you're planning a renovation, buying a car, or grocery shopping. Understanding how middlemen operate can help you make smarter, more cost-effective financial decisions.
Welcome to another insightful episode of Think Smart with TMFG.
In this episode, Mike Connon is joined by Senior Financial Advisor Carlo Cansino of The McClelland Financial Group of Assante Capital Management to explore the current state of the real estate market.
Together, they unpack how rising interest rates and shifting market dynamics are impacting both homeowners and prospective buyers.
From high carrying costs to the hurdles of buying and selling in today’s environment, Mike and Carlo shed light on the real-world challenges of real estate and the importance of setting realistic expectations when it comes to property values.
With real-life anecdotes and expert insights, they provide practical guidance for anyone trying to make sense of an increasingly complex housing landscape.
In this episode, Michael Connon, Senior Financial Advisor at The McClelland Financial Group of Assante Capital Management, sits down with fellow Senior Financial Advisor Carlo Cansino to explore how global conflicts—from World War I to recent tensions in the Middle East—have historically influenced investor behaviour and market performance.
Discover the surprising resilience of financial markets during wartime, and why staying invested through periods of uncertainty can be one of the smartest strategies for long-term success. Whether you're a seasoned investor or just beginning your financial journey, this episode offers valuable insights on managing your portfolio in turbulent times.
In this episode of Think Smart with TMFG, Mike Connon welcomes special guest Carlo Cansino for a compelling conversation on the tension between instant gratification and long-term planning. Inspired by recent travels through Europe, they reflect on the breathtaking architecture of Barcelona’s Sagrada Familia and the intentional, forward-thinking design of ancient wineries. These timeless structures set the stage for a deeper dive into investing—comparing the patient, purpose-driven approaches of the past with today’s fast-paced, quick-return mindset. Discover why staying focused on long-term goals is critical to navigating the complexities of a modern investment portfolio.
Tune in for a thoughtful exploration of how resilience and vision—whether in stone or strategy—shape lasting success.
In 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 push the boundaries of what’s possible.
We'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 as 4%. From tax efficiency to better global diversification, they lay out why broadening your investment horizon might lead to better outcomes.
If you're rethinking your portfolio—or just curious about what the big institutions are doing differently—this episode is worth another listen.
Welcome 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 and other significant assets, emphasizing why it is considered a necessary evil in financial planning.
Through real-world examples and expert discussions, learn about different types of insurance, including health, critical illness, and travel, and their roles in protecting individuals and families from unforeseen financial burdens. This episode provides valuable guidance on making informed insurance decisions to ensure a secure financial future.
Welcome 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 uncertainty.
In 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.
Whether you're nearing retirement or planning well ahead, this episode offers valuable insights into how to build a strategy that supports both your needs and your goals in the years ahead.
Don’t miss this essential conversation about making your retirement both sustainable and enjoyable.
Welcome 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.
Tune in for a thoughtful discussion on the election aftermath, Canada’s renewed focus on urban development and housing affordability, and the future of international trade partnerships. Plus, get expert analysis on the capital gains tax overhaul and how it could impact Canadian businesses, estates, and long-term wealth strategies.
If you want to understand how today’s politics are influencing tomorrow’s financial landscape, this is an episode you won’t want to miss.
Welcome 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 you have the time? And most importantly, do you have the right skill set? Mike breaks down the hidden costs of DIY gone wrong, while Rob explains how professionals can bring both peace of mind and better results.
Whether you're a hands-on problem solver or a fan of strategic delegation, this episode offers valuable insight—and a few laughs—on how to make smarter choices every day. Sometimes, the smartest move is knowing when not to do it yourself.
In 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.
Welcome 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 be one of the toughest parts—and how choosing the right advisor can make all the difference in keeping your investments, retirement, and estate planning on track.
Tune in, and don’t miss this chance to cut through the noise and get smarter about your financial future!
In 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.
In 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!
In 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!
In 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!
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 service in the banking sector.
Welcome 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.
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.
This insightful conversation aims to help everyday Canadians better understand their investment strategies, offering practical tips to build a more robust and resilient portfolio. Discover expert advice that paves the way for smarter financial decisions and long-term financial stability.
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.
Join 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, and their broader implications on markets and industries.
Tune in to learn about the resilience needed to navigate these uncertain times and how sticking to a well-designed financial plan can be crucial amidst the noise. "Think Smart with TMFG" offers a compelling discussion on economics, politics, and the way forward for Canadians in an ever-changing world.
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, historical crashes, and the unique challenges of digital asset ownership. Tune in for an engaging discussion on the future of Bitcoin and its role in modern investment portfolios.
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 management of your portfolio. Rob and Mike emphasize the importance of modern technological integration and fresh perspectives in ensuring your financial health and success.
Learn the key strategies to assess your current advisor's effectiveness and discover the difference a forward-thinking, engaged advisor can make for your financial future. Tune in with Rob and Mike to understand when loyalty may no longer be an asset and how to make informed decisions to keep your finances on the right track!
Welcome 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 those equipped with a financial plan. We'll discuss the essential priorities for pre-retirees and retirees, the role of financial advisors in offering peace of mind, and a look at the specific hurdles faced by Canadians delaying retirement.
As this episode marks the final recording from their Thornhill office studio, tune in to gain practical advice and a clearer perspective on the path to a secure and fulfilling retirement.
Welcome 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 these elements can empower more informed financial decisions. Furthermore, they highlight the transformative impact of artificial intelligence on business efficiency, communication, and service delivery.
The discussion also covers societal changes, such as increased global awareness, diversity, inclusion, and the surge in youth activism. These elements are reshaping the world positively, fostering a sense of abundance rather than scarcity.
Through thought-provoking anecdotes and examples, Rob and Mike emphasize the empowering nature of optimism, encouraging listeners to adopt this mindset to enhance personal and professional well-being.
Join Rob and Mike in understanding how embracing change and leveraging innovation can pave the way for a more prosperous and connected future.
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, Germany, France, Saudi Arabia, and more, as these nations also exhibit varying levels of corporate concentration.
Discover the mechanisms by which these giants grow, often through acquisitions, and the resultant impact on market structure and investor strategies. The episode underscores the importance of diversification in investment portfolios and how sector-specific concentrations in different countries necessitate a broadened investment perspective.
Join 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.
Learn how embracing DFA's solutions has led to improved financial plans, lower fees, and better client returns, alongside a strong commitment to continuous innovation and adherence to best practices—all while maintaining independence and avoiding conflicts of interest.
Welcome 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.
Additionally, we introduce the Diamond Service Package, a unique offering by the McClelland Financial Group, designed to provide personalized and high-end financial management services for clients with substantial assets. Join us to explore how private wealth is redefined today, and what it means for the affluent seeking specialized attention.
In 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 room for content creation. These updates cater to the shifting dynamics of client meetings post-COVID, where many interactions now occur via Zoom. Rob and Mike emphasize their commitment to maintaining strong client relationships and preparing the firm for future generations.
Furthermore, the episode reveals plans to open the new office by January, complete with an invitation to a future cocktail party. Throughout, Rob and Mike's dedication to providing exceptional service and a seamless transition for their clients shines through, setting the stage for an exciting chapter in the McClelland Financial Group's journey.
Join 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 engaging discussion, discover why these frustrations are often worthwhile, resulting in spaces tailored to your desires.
Welcome 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 face, such as survival beyond the third generation, and uncover the strategies they employ to ensure success. Rob and Mike discuss notable long-lasting family businesses like L'Oréal and Walmart, highlighting their dedication to strong values, flexibility, and a commitment to quality and sustainability.
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 AI on stock valuations. They analyze the potential overvaluation of major companies like Tesla and Nvidia, pondering if their growth is sustainable.
Finally, the episode evaluates investment strategies amidst the current market landscape, highlighting the value in small and mid-sized companies and the importance of maintaining a balanced portfolio. Tune in to gain a deeper understanding of market dynamics and the opportunities that lie ahead.
In 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 culture and affordable dining options with North America's expensive dining scene. He also explores the efficiency of public transportation and airline services in the region compared to North American standards.
The episode concludes with reflections on global governance, public sentiment towards governments, and the stringent penalties in place that contribute to low crime rates. Tune in for an insightful discussion on global capitalism's strength and the lessons it holds for everyday Canadians.
Join 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 risks.
The discussion continues with the value premium, emphasizing the long-term advantages of investing in undervalued stocks, and the profitability premium, which highlights the potential of companies with strong profit margins. The hosts also tackle the challenges of timing these premiums and the importance of evidence-based investing.
Tune in to gain valuable insights and strategies to optimize your portfolio and achieve better financial outcomes over time.
In 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 is indeed being made.
The hosts also examine the intricate relationship between wealth and happiness, discussing studies that reveal happiness tends to increase with wealth only up to a certain point. They emphasize the importance of perspective and gratitude, especially for those fortunate enough to live in prosperous countries like Canada.
Tune in to discover how a positive outlook and the drive for improvement can help navigate the complexities of the modern world, and why it's essential to appreciate the progress being made globally.
In 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 encouraged to trust their instincts and stay informed about current scams. The hosts highlight the value of seeking advice from trusted financial advisors and obtaining second opinions to ensure sound financial decisions. Tune in to arm yourself with knowledge and protect your financial well-being.
In 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 debt and increased lifetime interest payments. The episode also covers the increase in the minimum down payment for insured mortgages, reflecting the rise in housing prices.
Rob and Mike explore the implications of these changes, weighing the benefits for banks against the challenges faced by homebuyers. They propose potential solutions to improve housing affordability, such as increasing housing supply and adjusting immigration rates. Tune in to understand the complexities of Canada's housing market and the impact of these policy shifts.
In 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 asset allocation and the necessity of continuous learning to stay informed in the ever-evolving financial landscape.
Join Rob and Mike as they uncover the simple yet effective strategies that serve as the true "magic bullets" to a successful investment journey, ensuring financial stability and growth over time. Whether you're a seasoned investor or just starting out, this episode offers valuable insights to enhance your financial planning efforts.
Welcome 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 discuss the importance of having a globally diversified portfolio, understanding your risk profile, and keeping tabs on investment fees. Estate planning essentials, such as having an updated will and power of attorney, are also covered.
Finally, Rob and Mike emphasize the significance of involving both partners in financial decisions and taking advantage of all available tax breaks. By the end of this episode, you'll have a clear understanding of where you stand and what steps you need to take to secure a comfortable retirement.
Welcome 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 services, and the overall financial landscape in Canada. Rob and Mike share personal experiences and provide insights into navigating this new financial terrain, emphasizing the importance of independent financial advice.
Tune in to understand how these changes affect you and what steps you can take to ensure your financial well-being in a rapidly evolving industry.
Welcome 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 also discuss the impact of equity percentages on returns, the importance of investment policy statements, and their meticulous rebalancing strategies. They provide valuable insights into financial planning, including the use of Monte Carlo analysis for retirement scenarios and the significance of portfolio x-rays.
Tune in to gain a deeper understanding of how to optimize your investments and achieve the highest return for your risk profile. Don't miss this opportunity to think smart about your financial future!
Welcome 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 the differences between trip cancellation and medical insurance, the limitations of credit card coverage, and the benefits of annual travel insurance plans. Whether you're planning a short getaway or an extended vacation, this episode provides invaluable insights to protect your travel investment and peace of mind.
Don't miss out on this essential guide to safeguarding your travels. Tune in and travel safe with Think Smart and TMFG.
Welcome 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 financial health.
Tune in to understand why many Canadians hesitate to seek financial guidance and discover how a financial advisor can offer peace of mind, save time, and help secure your financial future.
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.
Using relatable analogies like grocery shopping at Walmart vs. Longo's, they break down the concept of value investing and its historical outperformance. They also touch on the human tendency to follow trends and how this impacts market behavior, particularly with high-flying tech stocks like Google, Apple, and Nvidia.
Join Rob and Mike as they share personal stories and practical examples, from buying groceries and houses to choosing the right car, all to illustrate the enduring principles of value investing. Learn why patience and a focus on value can lead to sustainable long-term gains, even in a market enamored with growth.
Tune in to understand why value investing is not just a strategy but a mindset that could be crucial for your financial future.
Welcome 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 performed under various U.S. presidents, debunking the myth that a new administration will drastically alter your financial future.
They also highlight the limited power of the U.S. president compared to the Canadian prime minister and remind listeners that the fundamental need for goods and services remains constant, regardless of political changes. Rob and Mike conclude with practical advice.
Join Rob and Mike for a data-driven discussion that reassures you that staying the course is often the best strategy.
For more insights, visit tmfg.ca.
Welcome 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.
The discussion explores historical bear markets, drawing lessons from past financial crises and speculating on potential future triggers. Rob and Mike also outline the strategies employed by the McClellan Financial Group to navigate and mitigate the impact of bear markets, ensuring clients' financial plans remain robust.
Tune in to learn how to stay prepared for market fluctuations and understand the broader economic forces at play.
Welcome 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.
Rob and Mike highlight the importance of professional financial advice and the value it adds, from behavioral coaching to tax-smart planning. They also examine how robo-advisors are performing and why not all of them are created equal.
Tune in to understand the nuances of this trend and how it could affect your financial future. Don't forget to subscribe for more insights on achieving your best retirement ever!
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 the historical context, the impact of limited diversification, and the risks associated with being overly concentrated in Canadian stocks. They also compare the performance of Canadian equities against global markets over the past decade, emphasizing the benefits of a diversified portfolio.
Learn what major pension plans are doing and get expert advice on balancing your portfolio with a reasonable allocation to Canadian stocks. Rob and Mike provide actionable insights on regular rebalancing and the importance of reflecting global diversity in your investments.
Tune in to understand why diversification is considered the 'free lunch' of investing and how it can help reduce risk and potentially improve returns. Don’t miss out on this informative episode that could reshape your investment strategy!
In 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 and labor market in maintaining economic stability.
As they compare the U.S. with other nations, they highlight the advantages of investing in U.S. equities and bonds, emphasizing the security and growth potential they offer. Tune in to understand why betting on the U.S. has historically been sound advice and how it continues to shape investment strategies today.
Welcome 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.
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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.
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Focusing on Headlines: Understand the pitfalls of making investment decisions based on sensational headlines and why a globally diversified portfolio with low fees is smarter.
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Chasing Past Performance: Explore the dangers of investing in top-performing mutual funds based on past performance and why this strategy rarely pays off in the long run.
Tune in to gain valuable insights to help you avoid these common investment mistakes and secure a successful financial future.
In 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 and rewards involved.
Whether you’re an individual investor or managing a pension plan, this episode offers valuable insights into when private equity might make sense—and when it might not. Tune in to understand why staying liquid could be the smarter move for your investment portfolio.
Welcome 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 and offer insights on what investors and homeowners should consider during these volatile times.
Tune in to understand the complexities of interest rate changes and how they affect the broader economy. Visit tmfg.ca to speak to a financial advisor.
Welcome 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 valuable information to help you make smarter investment decisions.
Don't miss out on this essential guide to safeguarding your financial future. Tune in now!
Welcome 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 provide practical advice on overcoming these barriers. They also highlight the importance of regular account reviews, rebalancing portfolios, and ensuring adequate insurance coverage.
Tune in to discover how pushing through resistance can lead to a more secure and prosperous financial future. Don't miss this insightful discussion that aims to help you achieve your long-term financial goals.
Join us on "Think Smart with TMFG" and start overcoming resistance today!
Welcome 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 on the index's performance.
The hosts also examine the disparity between the S&P 500 and the broader US economy, emphasizing that while the index includes some of the largest global companies, it does not fully capture the diverse economic landscape. They reveal surprising statistics about privately owned companies and the role of small to medium-sized enterprises in job creation.
Tune in to understand the importance of diversification and why relying solely on the S&P 500 may not be the best approach for your investment portfolio. This episode contains valuable insights to help you make informed financial decisions.
Thank you for joining us on Think Smart with TMFG. We wish you a happy and prosperous retirement.
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% to the top 10%, and discuss the broader implications for the Canadian economy, including inflation, unemployment, and charitable contributions.
Don't miss this insightful analysis of the complexities of tax policies and their far-reaching effects. Tune in and learn how these changes could affect you and the Canadian financial landscape.
Subscribe now to stay updated and ensure you have your best retirement ever!
Join 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 slice of Canadians, and the effect of the influx of immigrants every year, many of whom aim to own a home in Canada.
The episode also tackles real estate investment. Are the returns worth the investment? Are the rental rates in Toronto, especially for condos, profitable in the long run? Our hosts critically examine these questions and more. Want to know more about the impact of new homes on the real estate market and the consequences of HST on property purchases? This episode has all the details.
In 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 U.S. stock market or concentrating it heavily on a handful of top performers. Citing the example of the 'Universal Select Managers' by McKinsey Financial, they underscore the potential disaster of having a highly volatile portfolio built on mere speculative bets.
Rather than chasing market winners, our hosts advise maintaining a diversified portfolio and staying attuned to global market dynamics. They delve into the operations of top companies like Apple, Tesla, and Microsoft, cautioning against the risks of investing solely in growth companies. Additionally, they speak about the pitfalls of irrational trading behavior spurred by the fear of missing out.
Join Rob and Mike as they unravel the intricacies of sustainable financial growth while reminding you to plan strategically, invest wisely, and ensure your best possible retirement.
In 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 losses.
Further, we explore how people perceive shifts in value, comparing them with home values and how individuals become emotionally attached to businesses. We also provide practical examples of how losses and inflation can hurt purchasing power. Finally, concentrating on investor behavior, we emphasize enjoying the process of investing, learning, and improving with time.
This episode aims to help you understand why it is critical to handle your fears associated with investment losses and confidently make sound decisions. Learn to be a patient investor; you may find success closer than you think.
In 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, avoid consigning major financial expenses onto credit cards, and find a balance between necessary expenditures and indulging in summer fun. Rob and Mike end the episode by urging listeners to remember that some of the most enjoyable moments of summer can be free, just like walking.
Think Smart with TMFG is a podcast focused on helping people understand financial matters. Tune in weekly to gain insights into maintaining a balanced lifestyle while handling your finances smartly.
In 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 clear understanding of Canada's new capital gains directive.
Tune in to Think Smart with TMFG to get a comprehensive understanding of these abrupt tax changes, explore potential alternatives, and gain the knowledge needed to navigate this evolving financial landscape responsibly. Remember that with knowledge comes power—the power to make informed decisions about financial planning, especially in light of unexpected governmental changes.
On 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.
We don’t stop at just 10-pointers; we go the extra mile, sharing bonus advice on home maintenance, embracing technology, and fulfilling travel dreams. Offering insights into crucial issues such as estate planning and proactive measures for mental health, the episode acts as a comprehensive guide to retirement.
In 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 the financial health of your loved ones.
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 emphasize its portability and sustainability, providing examples to help listeners understand the CPP's robust structure. Lastly, Rob and Mike discuss the supplementary benefits offered by the CPP, such as survivor and death benefits.
In 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 the division and distribution of properties post-divorce and the financial difficulties that can arise, especially for the less-earning party. The final discourse shifts to the sometimes forgotten victims of divorce- the children. The hosts discuss the complex aspects of support arrangements, their longevity, and the pressing need for a fair and clear agreement in child support matters.
With insights into estate planning, insurance, changes in wills and beneficiaries, and the importance of tax implications, this episode dives deep into how divorce impacts finances. And most importantly, it underscores a reliable financial advisor's essential role in navigating the tricky waters of separation and divorce.
Becoming 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?
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.
What 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!
In 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 ensuring that retirement years are indeed golden.
Our hosts also discuss different activities that retirees could consider to make their retirement life fulfilled and enjoyable. Embracing hobbies and interests you didn't have time for while working, exploring new places, volunteering, and even planning the financial aspects of your life are a few of the things they suggest.
The uncertainty of retirement length requires proper planning and optimizing life in a way that ensures enjoyable, healthy, and longer retirement years. Listen to this episode of Think Smart with TMFG to get insights on how to live a fulfilling life post-retirement.
Welcome 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 Mike offer comprehensive guidance for the listeners.
Rob and Mike explore a wide range of income sources - from RRSPs, Work Pensions, CPP, OAS and registered disability savings plans - to consider in your retirement plans. They underline the necessity of having realistic expectations regarding retirement and withdrawal rates to master financial maneuvers.
In 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 factors such as risk tolerance, time horizons, market conditions, the role of advisors, investment knowledge, and emotional biases.
Lastly, they share advice on bridging this gap, emphasizing the value of realistic expectations, proper data understanding, and the role of seasoned financial advisors. This episode upholds the importance of aligning investor and advisor expectations for a smoother and more successful path to retirement.
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 carry the potential to continuously outperform the market? Based on an evidence-based approach, Rob and Mike scrutinize data from the past five decades to provide clear-cut insights. Focusing on U.S. stocks' performance against cash deposits, bonds, and international stocks, they spark a riveting conversation about the feasibility of this investment strategy.
In 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% of the top 10 companies belong in this arena, as well as the astonishing rise of Nvidia in Information Technology. Also, learn why size does not always guarantee success and how these companies play a crucial role in diversifying an investment portfolio.
Finally, get a peek into the future of these companies, taking into account the most recent market conditions and changing consumer behaviour and offering fascinating financial insights. Tune in to learn how to invest smartly, diversify your portfolio, and make sense of the latest global business trends with Think Smart with TMFG.
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, forced savings, and wise spending.
Moreover, they unravel the common financial setups in relationships and share expert advice from years of advising couples. They weigh the pros and cons of managing finances independently, somewhat jointly, or entirely together. Plus, learn which combination of financial practices usually works best for couples, from our host's hefty 25+ years of professional financial experience.
Financial responsibility isn't just for adults, and in this episode, we underline the importance of teaching this to children as well. Learn how to gradually introduce kids to the cycle of earning, saving, and spending, as shared through the anecdotes of our hosts.
They don't just stop at daily spends and savings - the episode also touches upon crucial subjects like estate planning and tax-free savings. We discuss when separate accounts could be useful, like in the case of receiving inheritances or navigating finances in second marriages.
Finally, they stress benefits of shared financial accountability and planning.
Understand the importance of financial literacy and realize your potential to live a successful life. Jump into this episode for insights that will enrich the financial health of your romantic relationship!
In 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 new limits, option to replace withdrawn funds, and potential to amass substantial savings.
The discussion goes on to examine the key differences between TFSA and other savings accounts like RRSP and the newly introduced first home savings account. They caution listeners about excess contributions and highlight the convenience of having multiple TFSAs but with meticulous contribution tracking.
The topic of posthumous handling of a TFSA is also broached, stressing the benefits of nominating a spouse or child as a successor annuitant or beneficiary. Additionally, the episode delves into unique strategies to boost tax-free growth, making it an essential listen for anyone seeking to leverage a Tax-Free Savings Account in Canada fully.
Detailed case studies illustrate the use of TFSA for managing cash flows, avoiding OAS clawbacks, and facilitating non-taxable gifts. Unique advantages of TFSA are discussed, such as designating beneficiaries, including charities, without rewriting your will, functioning as an income source during high-tax years, and its usefulness in buying non-primary real estate property.
The hosts round off by touching upon other practical uses of TFSA like short-term goal planning, creating passive income, and saving for educational expenses. Gain an in-depth understanding of TFSAs and how to tailor it for your specific financial needs in this comprehensive episode.
In 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 the financial commitments that are often underestimated.
Dive into detailed discussions about hidden expenses related to cottage ownership, from harsh weather maintenance to managing wildlife. The hosts also bring up vital topics like tax considerations, borrowing costs, and non-deductible expenses, underlining the importance of a balanced and informed decision.
Touching on added complexities of foreign property ownership, the conversation addresses 'toy' ownership costs, fluctuating maintenance costs, local tax laws, inheritance tax, and property transfer complexities. Despite potential pitfalls and challenges, for many the dream of owning a cottage remains unbeaten given the memories and precious family time it provides.
Concluding the episode, Mike and Rob underscore the importance of detailed planning and readiness for anyone considering owning a second property or cottage. This episode aims to provide a comprehensive and realistic picture of the financial landscape associated with owning a vacation property.
Saving 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.
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.
In 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.
Do 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.
In 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.
Find 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.
You 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.
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.
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.
In 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?
(12:09): How does alimony, spousal and child support work?
(13:47): Tax implications
(15:54): Estate planning issues
(16:11): Lifestyle changes
In 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 subscription model
(16:14): The issues with the subscription model
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 or cottage?
(03:36): Doing it wrong
(06:10): Issues with joint ownership
(07:42): Setting up a trust
(09:03): Beneficiaries
(11:10): The number one mistake made with Wills
(12:41): Setting up a company- does it make sense?
(13:40): Overly complex Wills
Unexpected 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
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 their dying popularity in the 90s
(06:05): Why is this increase in GIC rates unusual?
(07:45): Deep dive into why GICs can cost you more than you realize
(09:09): How can inflation affect your GICs?
(11:12): Why is there still a run on GICs?
(12:34): How are your investments being taxed?
(14:27): Why are Canadian banks so profitable?
(16:41): Doing it yourself
(17:37): GIC liquidity
(19:38): The real cost of GICs
Maximizing 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): Eligibility
(05:38): How does the OAS clawback work?
(06:58): Some ideas on how to ensure that you get your OAS
(07:54): Mistakes that people make
(09:50): How fee-based accounts can help
(10:38): How to deal with dividend income
(11:07): Maximizing TFSAs
(12:06): Income splitting(12:45): How to deal with capital gains
(14:28): Gifting tax-free
(15:40): Bonus ideas
Global 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 balanced fund?
(06:22): Risk Management
(06:57): What is rebalancing?
(08:53): The best way to generate retirement income
(09:34): Transparency is important.
(10:16): Flexibility
(11:21): Advantages of balanced funds
(13:16): What trends are we seeing in balanced funds?
(15:43): What do fees look like in balanced funds?
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
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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September 28th
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Client Registration Guest Registration (01:19): Those small mistakes can be costly.
(04:06): Active or passive strategy?
(05:09): What do returns look like for the most common Canadian portfolio mixes?
(06:23): What about GICs?
(06:31): Why rebalance a portfolio?
(06:47): What’s the cost of not rebalancing?
(08:02): Moving to a conservative portfolio.
(08:44): Continuous savings plans are essential.
(09:25): Don’t get caught up with insider information.
(13:14): What you pay in fees matters.
(15:03): Trying to time when you enter the market never works.
(15:52): Moving to cash out of fear.
How 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 means of interacting with the real world
(16:03): Start-ups vs. big companies
We 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):Â TFSAs vs. RRSPs
(12:05): So, is a TFSA still a valuable account?
(13:02): How do you find the right mix between the two?
(15:17): First Home Savings Account
You 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
Today 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?
Sometimes 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
Are 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):Â RSP (09:49): TFSA (10:15):Â 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):Â Discipline can be hard, make it easier on yourself (14:12): In-kind contributions and moving money (16:26): The best ways to save
When 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.Â
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?
No 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 making changes can get you flagged (14:15): Don’t make it easy for the CRA to single you out
Can 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.Â
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 banks and conflicts of interest
We've been using factor investing for over 19 years, discover why. Today on ThinkSmart Senior Financial Advisors Rob McClelland and Mike Connon do a deep dive into factor investing. What they are, how they work, and why we believe they are the best way to invest your money.
Key points:
(01:19): How to look at factors (01:46): Fighting FOMO (02:05): Deep dive on the 3 factor (03:22): Small Cap vs. Large Cap (05:02): What does switching investment strategies cost you? (05:25): Profitability Factor (06:47): Value vs. Growth (09:09): Looking at a value, profitability, and small-cap tilted portfolio (09:52): The disadvantage of “indexing”
The housing market has cooled less than expected as inventory is limited, and prices remain high. Today we explore how to take advantage of your existing investments, and which accounts to use to assist your children buy their first-time home. As well we discuss best practices for young people trying to save for that new home.
Key points: (00:54): What’s happening in the housing market? (02:02): Helping your kids with their first home? (02:19): Which account should that money come from? (04:25): What else are we seeing parents help their kids with? (05:42): Where should your kids be saving? (07:42): How does the new First Home Savings Account work? (10:01): How to make the FHSA work to your advantage
With mortgage rates continuing to climb, many people are diverting money earmarked for education savings to cover their newly acquired interest payments. Listen here to find out what your strategy should look like.
Key points: (00:58): Mortgage rates are still on the rise (02:01): What do you need to earn to offset those new terms? (02:33): What are people doing to make up for that increase in their mortgages? (03:32): What’s the most important thing to maintain when you find yourself in this predicament? (06:47): Securing your education fund (08:34): RESP strategies (09:05): What is an in-trust account?
Is AI helping us replace mundane jobs and allowing us to go further with our own abilities? Or will it replace that which makes us uniquely human? ChatGPT is one of many astounding technologies that are being developed today. Listen and find out how it all works.Â
Key points:
(02:15): Concerns over AI (04:01): What is ChatGPT? (05:23): Issues with ChatGPT (07:41): How to deal with these emerging technologies (08:12): What is the true potential of these types of technologies? (09:23): How does it stack up in terms of customer service? (10:20): How these technologies could impact your investments (11:50): Is it “Big Brother”
Today on ThinkSmart Senior Financial Advisors Rob McClelland and Mike Connon review Visual Capitalist's report on the 10 wealthiest cities in the world.
Key points:
(00:48): How did the report break it down? (01:12): What makes some of these places so desirable? (02:32): Starting the countdown to the wealthiest cities (03:12): What do the tax rates look like in these wealthy cities? (07:13): How does the tax rate affect the city’s high net worth?
Who wouldn't like a little more cash flow in their retirement plan? Today on ThinkSmart Senior Financial Advisors Rob McClelland and Mike Connon take you through the various portfolio strategies; increasing either growth or equities in your portfolio to increase your overall returns.
Key points:
(01:03): What is the Monte Carlo analysis?
(01:41): What is the makeup of different investment portfolios?
(03:35): 60/40 investment portfolio
(04:47): The 50/50 investment portfolio
(07:11): Let’s look at the 70/30 portfolio
(08:21): The 80/20 portfolio can be a bit volatile
(10:00): The 90/10 investment portfolio
(11:09): Cash cushion
(12:03): The bond market
Today on ThinkSmart, Senior Financial Advisors Rob McClelland and Mike Connon review the April 12th Morning Star article "Why do people break up with their Financial Advisor?"Â You might be surprised by what makes the top of the list.
Key points:
(01:21): The importance of quality financial advice
(02:25): The importance of your relationship with your Advisor
(03:39): The importance of the cost of services
(06:36): They are capable of managing their own money
(08:15): Lack of Advisor communications
(08:53): What should you look for in your Advisor?
(09:45): You have to keep your clients' goals in mind
(10:57): How often should you be reviewing your plan?
(11:36): Regular communication is invaluable
(12:50) Making sure you are getting reasonable returns.
(14:24): Risk return factor
Today on ThinkSmart, Senior Financial Advisors Rob McClelland and Mike Connon will walk you step-by-step through an estate planning checklist. You will learn the best practices for ensuring the future of your estate and the importance of having one in place.Â
Key points:
(02:33): Best practices for wills and executors
(05:30): Charitable giving
(05:58): Best practices for power of attorney
(07:55): Best practices for beneficiaries
(09:20): What are the benefits of a successor annuitant?
(10:34): How do we recommend you handle life insurance policies?
(17:22): How to deal with the house and the cottage
The results of a DFA (Dimensional Fund Advisors) recent study on the distribution of investment returns over the last 96 years may surprise you. This study looks at the S&P 500 and the many factors that have affected its performance, from wars to market crashes. How many negative market returns and corrections have we seen, and how often does a major market crash occur? This and more today on ThinkSmart with Senior Financial Advisors Rob McClelland and Mike Connon.
Key points:
(02:31): How often does a major market crash occur?
(02:55) How good are returns over 96 years?
(03:48) How many times and how much has the stock market been down?
(06:01) What about the good stuff?
(09:14) What do good companies do when bad things happen?
(10:44):Â Where do we stand right now?
(11:50) How do all these factors apply to having a long-term strategy?
Do you ever wonder if you really need all those different accounts and the extra time and headache to manage them all? Today on ThinkSmart Financial Advisors, Rob McClelland and Mike Connon discuss the many types of accounts investors might hold and our recommendations for each. Today on ThinkSmart Financial Advisors, Rob McClelland and Mike Connon discuss the many types of accounts investors might hold and our recommendations for each.
Key points:
(05:39): How many investment accounts should you have?
(06:47): What do we recommend as you age?
(07:32):Â What about TFSAs?
(08:11): How many RESP accounts should you have?
(08:24): What about your Open Account?
(09:07):Â What should you hold within your investment accounts?
(11:25): Let’s look at some real-world examples of fails. Commissions, trailing commissions, management fees, and expenses, may all be associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Please read the Fund Facts and consult your Assante Advisor before investing.
The case study mentioned in this podcast is based on actual scenarios but names and identifying details have been changed to protect the privacy of individuals. This case study is provided for illustrative purposes only to provide an example of our process and methodology. The results portrayed is not representative of all of our clients’ experiences.
Today on ThinkSmart Financial Advisors, Rob McClelland and Mike Connon discuss the pros and cons of choosing speed above all else. Speed has become one of the single most defining elements of so much of our daily lives, from banking, communication, even travel, and leisure, but are there some things for which there is no room for speed? Listen to find out.
Key Points from this Episode:
(00:54): How things used to work
(02:08): Changes in our everyday lives
(03:59): Changes to communications
(05:47): Changes in the financial world
(09:13): How does speed affect your investments?
(10:57): How does the speed mindset differ from the successful investing mindset?
Life is full of tradeoffs. The biggest tradeoff the government faces today is how it's coping with inflation by increasing interest rates. As you will learn, these choices can have very serious consequences.
Key Points from this Episode:
(02:21): Rising interest rates and inflation
(03:22): How will the government stop inflation?
(06:05): The effect of rising interest rates on housing markets
(06:50): The effect of interest rates on debt
(08:40): The risks of industrial mortgages
(09:45): High risk means high returns
(14:28): How to stay invested
(15:21):Â Where you spend your money
Interest Rates Still in the Press :
An In-Depth Look at the Markets
When will interest rates cease to go up? The banks continue to try to predict where interest rates will go. But do we actually know anything more today than we did six months ago? Is now a good time to get tactical with your investments? Learn more today on ThinkSmart with Senior Financial Advisors Rob McClelland and Mike Connon.
Key Points from this Episode:
(01:43): Is now a good time to get tactical with your investments?
(01:54):Â What does a tactical approach look like?
(02:37): Tactical strategy vs. strategic strategy
(03:15): Why are stocks and bonds both down?
(03:52): Why are interest rates and inflation where they are?
(04:34): How did stocks and bonds perform?
(05:20): Demand for US oil
(06:02): Are we heading for another 1929?
(07:13):Â Is the US dollar safe?
(07:47): The real estate market
(08:41): Cryptocurrency
(09:17): Will the current rally continue?
(09:48):Â Investing in US real estate
(10:47): Chasing dividend stocks
(13:55):Â Owning gold
Why does the press persist in flogging the negative? Today we take a look at some recent stories in the press that while attention-grabbing may be pretty far from the truth. Is our obsession with getting the next "click" taking over our common sense?
Key Points from this Episode:
(01:27):Â Predictions vs. reality in the job market.
(02:48):Â Stocks in the headlines.
(03:41):Â Markets in the headlines.
(05:56): Stories are supporting these outlandish headlines.
(08:23): What is driving modern media in this sensational direction?
(13:29): What’s really going on out there?
This week we take an in-depth look at some of the predictions that came from 7 major Canadian financial institutions. We did the math and compared the predictions versus what is actually happening in the economy to see how close and how far off some of them are.Â
Key Points from this Episode:
(01:02): What is the study of economics really?
(02:52): Prediction of GDP vs. actuals
(03:52): Prediction of inflation vs. actuals
(04:44): The government is planning to bring the consumer price index down no matter the cost
(04:59): Predictions about the unemployment rate and what’s actually happening in the market
(06:30): What's happening with the Bank of Canada rate?
(07:26): Interest rate hikes, how many should we expect?
(09:26): Will there be interest rate cuts?
(09:58): What are 10-year government bonds looking like?
(11:16): The Canadian dollar vs. the US dollar
Could we be headed for another recession? Find out today what the markers are for a typical recession and whether or not you should worry about what's might be on the horizon.
Key Points from this Episode:
(00:55): Why should advisors and investors, worry about recessions?
(01:35): What are the key indicators of a recession?
(03:50): The role of the media in creating panic.
(04:04): How long is the average recession?
(05:08): Why does the market start to go up when a recession is announced?
(07:24): What’s the difference between a recession and a retreat?
(07:48): History of recessions and how bad they were.Â
(11:30): What have returns looked like following a recession?
(15:06): What to do if you are planning to retire and a recession is on its way?
Life insurance? honestly, who wants to talk about it? But you might be very surprised to hear some unique ways to use life insurance to your benefit. Senior Financial Advisors Rob McClelland and Mike Connon review the strategies discussed in a recent Globe and Mail article on 10 Creative Uses for Life Insurance by Tim Cesnick.Â
Key Points from this Episode:(02:30) 5, 10, and 20-year term insurance and how it works(03:16) Using life insurance for retirement savings(05:06) Funding for a specific purpose(06:35) Insurance to equalize inheritance (07:42) Paying off debts when you die(09:30) Covering taxes owing when you die(10:40) Eliminating taxes on death(12:21) Donating to charity(13:07) Funding a buy-sell agreement
Your financial plan and your portfolio should be managed in tandem by a Financial Advisor. So why go it on your own? Only 5% of professional money managers beat the market 20 years out. The investment choices you make today can affect your entire family for decades or even a lifetime. Listen here to find out how you can ensure your financial future is successful.Â
Key Points from this Episode:(01:55): Financial product research results(06:25): Economic cycles(07:22): Why do you need to integrate the portfolio and the financial plan?(08:02): Taxation choices(09:25): Staying on top of all the changes yearly; income, taxes, and estate
You would think that most sources of retirement income are taxed at relatively the same rate but you would be wrong. Today on ThinkSmart Senior Financial Advisors Rob McClelland and Mike Connon compare the various sources of potential income from capital gains to interest income, dividends, and more, how they fare against the Canadian tax system, and which you might be able to use to your advantage.Â
Financial Advisors Rob McClelland and Mike Connon discuss a recent in-depth study on the markets and rolling returns from the Advisor publication Horsesmouth. This fascinating study spans five decades. Listen today to find out what the "GOAT" (greatest of all time) portfolios is.
(02:52): The all-cash portfolio and how it fares.(04:10): The half-cash, half-bond portfolio.(06:20): The 60/40 portfolio.(06:55): The diversified portfolio.(11:20): Evidence of equity returns.
Not all Financial Advisors are created equally. Listen here to find out what 10 most important qualities to look for in your Financial Advisor; some may be a bit of a surprise.
Key Points from this Episode:(00:54): The Advisor’s mission(02:37): What clients are you able to work with successfully?(04:09): How important is authenticity in an Advisor?(05:40): How does intellectual curiosity help make a good Advisor?(06:41): Why your Advisor should always be asking you questions.(08:27): Red Light Green Light for clients and Advisors?(09:10): What is 10X?(10:02): Why is growth in the business crucial?(13:01): Why discipline is an important trait in an Advisor?
It doesn't seem like it should be that hard to beat the market. The trouble is that many more factors play a role in your investment success than you realize. There are over 400 billion dollars in stock trades a day all with one objective; to make money. Professionals and laymen alike are all working with bits of information trying to give their best guess at how things will turn out. Listen today to find out why it’s next to impossible to beat the market every time.
Key Points from this Episode:[00:02:00] Interesting info on how stock pricing works[00:02:30] How does dollar-weighted knowledge work? Â [00:02:30] Professional market knowledge does it measure up?[00:05:00] So why is it so difficult to beat the market?[00:08:25] Evidence of mutual funds and ETF successes and failures.
Why your cash should be making money for you and not for your bank.
While interest rate hikes can be daunting for those who are carrying large amounts of debt they can be a boon to those who are holding funds in cash. Today on ThinkSmart Financial Advisors Rob McClelland and Mike Connon go in-depth on the topic of cash holdings. They will discuss various products from high-interest savings accounts, and GICs, to money market funds, short-term bonds, and more. What are the advantages and disadvantages of each, and how you might capture that extra interest that belongs to you?Â
Our best practices for travel in 2023. How are things looking out there in the travel world? Listen today to hear our advice and feedback from our recent travels abroad on everything from flights, to hotels, and rental cars.Â
We just keep getting slammed by interest rates from all sides. This is especially problematic for those who are still coping with debts or mortgages. But on the other hand, there are actually some benefits. Listen today to find out why the rising interest rates might be unfathomably positive.
Evidence shows that women outpace men in lifespan by a minimum of five years. Yet we often see that only one partner does all the financial heavy lifting while the other remains disengaged and uninformed. Ensuring that both partners are engaged in understanding their finances is crucial to the future of the surviving spouse. Not only does it provide the arena for developing a shared vision of your plan it allows you to highlight any unforeseen discrepancies. If you consider yourself or your spouse disengaged, it's not too late. Listen today to Senior Financial Advisors Rob McClelland and Mike Connon to discover your next steps.
Let’s talk liquidity. How liquid is your portfolio? How does fixed income affect your buying power? What will fit your needs best? Will it be GICs, bonds, cash or stocks, and mutual funds? Listen today to Senior Financial Advisors Rob McClelland and Mike Connon as they discuss how these financial products work individually and in combination to create an ideal investment strategy.
Rebalancing is a very important element of a sound and profitable investment philosophy. Listen today to Senior Financial Advisors Rob McClelland and Mike Connon as they explain why and how the rebalancing of your portfolio works to your advantage.
Interest rates continue to plague the economy with no relief in sight. How are they affecting today's homeowners and how might they affect the future of Canadian home ownership?Â
Join Senior Financial Advisors Rob McClelland and Mike Connon as they discuss the current state of interest rates and where they may be headed.
Your Financial Advisor is there to help you with the many decisions that impact your finances throughout your lifetime. Leaving them out of the loop on some of your most important choices is only doing you a disservice. Whether you've upsized your cottage or donated your liquid assets to fund your children's first home purchase, keeping your Advisor apprised is an integral part of your whole-life equation.
Conflicts of interest exist everywhere in the marketplace. They may be hidden in places you would never suspect.  Join Senior Financial Advisors Rob McClelland and Mike Connon as they discuss  George Athanassakos's article on conflicts of interest in the investing world. How they affect portfolio managers, analysts, rating agencies, and even the financial media.
Join Senior Financial Advisors Rob McClelland and Mike Connon as they discuss 5 concepts for successful investing as developed by Professor Ken French from the Tuck School of Business, Head of Investment Policy and board member of Dimensional Fund Advisors working in collaboration with Eugene Fama, Nobel Prize Laureate in Economics.
What has the advent of technology done to erode client relations and expectations? The widespread adoption of technologies and applications has undoubtedly had its advantages, but it, too, has had its limitations. While some companies are still able to provide excellent service, others are wildly failing. Some of this failure comes from the weight of knowledge required to engage with this technology being thrust on the end user. Not only do you now need to know what you've spent your whole life excelling at. You also need to become an expert in other industries just to ensure you get what you need.Â
Financial Advisors Rob McClelland and Mike Connon discuss the global history of stock market crashes and review "A History of the United States in Five Crashes: Stock Market Meltdowns That Defined a Nation" by Scott Nations. What do all these crashes have in common, and how can leverage be detrimental to an economy? Find out this and more.Â
This is truly a raging bear market. Personal investment portfolios have fallen 44% in the US from January to October of this year. How is that affecting Canadian investments? How did the indexes fare? What is stopping growth stocks from growing? Join Senior Financial Advisors Rob McClelland and Mike Connon to hear the answers to these concerning questions and more.
Over the years we have formed great relationships with other Financial Advisors who have a similar take on client care and investing. Join us today Rob McClelland speaks with Financial Advisor Steve Lowrie about his practice and his strategies on investing.
Today on ThinkSmart with TMFG Rob McClelland and Mike Connon review their recent discussions with the Advisor to Advisors, Nick Murray. Nick has been a financial services professional for more than 50 years and is among the industry’s most respected writers and speakers on all things financial.Â
The S&P 500 is down 24%, real estate is down 20% and, even our defense, the bond market is down 10- 20% worldwide. Today on ThinkSmart with TMFG, Senior Financial Advisors Rob McClelland and Mike Connon look at the 5 biggest market corrections in the last 50 years and how a well-balanced portfolio performed. They review from the beginning of each market correction to 5 and then 10 years after the correction to demonstrate how investments would fare.
As children go through the various stages of life it's important to teach them about the value of money. Whether it's saving wages from their Summer job, collecting an allowance, or setting out on a new career path as a recent university graduate. Whichever stage they are at it's important to include them in financial discussions so they can make educated decisions about their finances.
Join Senior Financial Advisors Rob McClelland and Mike Connon as they discuss some healthy financial habits you might want to teach to your children.
As children go through the various stages of life it's important to teach them about the value of money. Whether it's saving wages from their Summer job, collecting an allowance, or setting out on a new career path as a recent university graduate. Whichever stage they are at it's important to include them in financial discussions so they can make educated decisions about their finances.
Join Senior Financial Advisors Rob McClelland and Mike Connon as they discuss some healthy financial habits you might want to teach to your children.
Compliance is an integral part of any good financial firm. Why is it good for clients, potential clients, and the company? Compliance is there to ensure that we follow the rules and laws of the province and the county. Join us today as Financial Advisors Rob McClelland and Mike Connon take a deep dive into the importance of being compliant.
Compliance is an integral part of any good financial firm. Why is it good for clients, potential clients, and the company? Compliance is there to ensure that we follow the rules and laws of the province and the county. Join us today as Financial Advisors Rob McClelland and Mike Connon take a deep dive into the importance of being compliant.
The weather, just like financial outcomes, is difficult to predict. It's a tough spot for most financial advisors. There are always predictions about GDP, the unemployment rate, and the markets, and it seems these predictions always either surprise or disappoint. When you are approaching retirement and have a fixed amount of savings, you can't afford to be that wrong. Being wrong can really do some damage.
Join us today as Financial Advisors Rob McClelland and Mike Connon discuss what common predictions you should avoid.
The weather, just like financial outcomes, is difficult to predict. It's a tough spot for most financial advisors. There are always predictions about GDP, the unemployment rate, and the markets, and it seems these predictions always either surprise or disappoint. When you are approaching retirement and have a fixed amount of savings, you can't afford to be that wrong. Being wrong can really do some damage.
Join us today as Financial Advisors Rob McClelland and Mike Connon discuss what common predictions you should avoid.
Why are we always trying to fix things that are not quite right? It's human nature to try to fix what is broken. Whether weeding your garden or repainting a window sill fixing things gives us a sense of order and calmness. How does that translate to your financial life? What might be broken in your portfolio, and how can you fix it? Join Financial Advisors Rob McClelland and Mike Connon on ThinkSmart with TMFG as they discuss best practices for investors.
Why are we always trying to fix things that are not quite right? It's human nature to try to fix what is broken. Whether weeding your garden or repainting a window sill fixing things gives us a sense of order and calmness. How does that translate to your financial life? What might be broken in your portfolio, and how can you fix it? Join Financial Advisors Rob McClelland and Mike Connon on ThinkSmart with TMFG as they discuss best practices for investors.
As consumers, we are hearing a lack of service placed squarely on the shoulders of COVID -19 and "supply chain demand." Still, this sentiment seems to have permeated even the financial services industry. Today on ThinkSmart with TMFG Financial Advisors Rob McClelland and Mike Connon go through what they believe you should be looking for in an Advisor.
Even the best and the brightest in the financial services industry don't always know when it's a sure thing. Today on ThinkSmart with TMFG we take a look at what the data says about stock picking.
Key Points:
Financial Experts Chances of Outperforming the Market The Market 100 Years ago vs. today Data on Stock Picking Diversified Portfolios
Almost every decision we make big or small has a financial repercussion. Whether it's "should I go out for dinner or stay at home and cook "to locking in a mortgage, budgeting, or travelling. We are in a constant state of juggling all our financial choices. Join Financial Advisors Rob McClelland and Mike Connon as they take us through the landscape of financial decision-making.
"Key Points"
Financial Decision Making Budgeting Travel Expense Control Mortgage and Loan Rates
Contrary to all the negative news headlines our lives are better than they were forty years ago. Join Senior Financial Advisors Rob McClelland and Mike Connon as they explore some fun facts they discovered in 24 charts that show we’re (mostly) living better than our parents. From healthier lifestyles to better cars it looks like we're not doing too badly.Â
"Key Points"
Healthier Lifestyles Longevity Access to Commodities Education
and more
Source: Timothy B Lee, Full Stack Economics 24 charts that show we’re (mostly) living better than our parents June 29, 2022
This episode of ThinkSmart is jammed-packed with ideas on coping with the current bear market. There is always uncertainty in the marketplace during these times and there are no guarantees but there are precedents. Could it get worse? Could we see a repeat of the Great Depression? The truth is we never know where the bottom of the market really is. Would you feel better if you made some changes to your portfolio? Find out today what will lead us out of the bear market and the many potential investment strategies to consider.
Key Points:
Bear Market Strategies
When Should I Buy?
Rising Interest Rates
Dollar Cost Averaging
How Far Will the Market Fall?
Could it get Worse?
Today on ThinkSmart with TMFG Senior Financial Advisors Rob McClelland and Mike Connon discuss the characteristics of 5 types of investor personas and how each fare in the marketplace. Find out which one you might be.
"Key Points" What Type of Investor Are You? Success Rate of Types of Investors Investor Behaviour ...and much moreÂ
The Canadian government just raised interest rates a full 1 % in one go. How will this affect the housing market and the economy? What critical economic elements benefit from raising interest rates? Are the banks really the bad guys here? Find out this and more today with Senior Financial Advisors Rob McClelland and Mike Connon on ThinkSmart with TMFG.
Today we go to the vault to bring back a very popular podcast: Spending in Retirement. This is a topic that never gets old. Financial Advisors Rob McClelland and Mike Connon look at the saving and spending habits of three different groups; The Frugal Foodies, The Prudent Families, and The Extravagant Travelers, and what makes each of them successful in attaining their ideal retirement goals. Which type are you?
Join Us Today On ThinkSmart!
While we see an increase in financial disparity across the globe it's interesting to see where all that money actually is? Join us today we look at what are the wealthiest countries in the world and which individuals control a large part of that money? Â
Bonds getting hammered is a pretty unusual occurrence. It seems that we are exiting a 30-year bull market on bonds. So what's going on in the market to cause this to happen? And what are governments doing to counteract global inflation? Today on ThinkSmart Senior Financial Advisors Rob McClelland and Mike Connon examine what is happening in the markets worldwide to cause these typically stable investments to behave so poorly.
We see it time and time again the markets take a downturn and investors act against the basic principle of "buying low and selling high." Investors have done the opposite of what they should be doing and have stopped investing. Today on ThinkSmart Senior Financial Advisors Rob McClelland and Mike Connon discuss strategies to take advantage of the current market.
Today's podcast focuses on our top 10 biggest investor mistakes. Do you think you might be making some of them? Find out more today from Senior Financial Advisors Rob McClelland and Mike Connon as they discuss some of these common yet detrimental mistakes.
Let's talk retirement strategies. There are generally three stages to retirement; they are the "Go-Go" the "Slow-Go" and the "No-Go". Listen today as Senior Financial Advisors Rob McClelland and Mike Connon discuss a new phase they are considering and why you might want to also.
We're Definitely in a Bear Market!Â
It comes as no great surprise that we are in a bear market. How long are we expecting this to last and how will your equity portfolio fair in the long term? What do we know about the history of bear markets? Listen today as Senior Financial Advisors Rob McClelland and Mike Connon discuss some of the shocking data on these market cycles.Â
A lot is going on in the markets today; real estate is down, stocks are down, inflation and interest rates are on the rise, supply chains are still disrupted, and a war is raging in the Ukraine. So with all these major social and economic shifts, are we skating the edge of the dreaded word Recession? Listen today as Senior Financial Advisors Rob McClelland and Mike Connon discuss the role of government, the Bank of Canada, and other foreign and domestic influences on the Canadian market.
Across all industries, it's important to work with the best. Now that doesn't always equate to the most expensive, what it does require however is an individual who is committed to staying current and educated. Far too often specialists can become complacent and when it comes to something as crucial as your finances it shouldn't be tolerated. Make sure your advisor is giving you the best there is to offer. Listen today as Senior Financial Advisors Rob McClelland and Mike Connon identify some of the key things you should be looking for when choosing your financial advisor.
Morningstar has given Canadian fee rates an official thumbs down. Find out why we are getting such poor marks. What goes into making up a fee rate? Why is unbundling your fees advantageous and how do we stack up? Listen today as Senior Financial Advisors Rob McClelland and Mike Connon break down the mystery behind fee rates.
"Key Points" Fee Rates ETFs Mutual Fund Rates Canadian Fees vs. U.S. Fees Graduated Fee Schedule Active Management Fee Deals Management Fees Investor BehaviourÂ
Why does this incredibly successful investment product never make the big headlines? What are REITs and how do they work? Listen today as Senior Financial Advisors Rob McClelland and Mike Connon fill you in on why they might be a great investment option to add to your portfolio.
The FAANG (Facebook, Amazon, Apple, Netflix, and Google) stocks have been on everyone's investment radar for years. How could you ignore their performance when the hype was everywhere. What are these major tech stocks looking like today? How easy is it to value or overvalue stocks? Why choose value stocks versus growth? Fear of Missing Out (FOMO) is ever apparent in the investment world, but here's why you should give it a miss.Â
Different types of investments create different types of income. Today on ThinkSmart Senior Financial Advisors Rob McClelland and Mike Connon take an in-depth look at tax optimization; ways to avoid paying unnecessary taxes and triggering capital gains. They also discuss the advantages of the funds we use.Â
There are really only three ways to invest; just like in math you can only add or subtract and everything else is just a more complicated version of these simple operations. NFTs, MEMEs, Cryptocurrency, and many highly engineered products are often incredibly complicated for investors to understand. Join us today on ThinkSmart as we discuss some of these newer products that have been developed and the difference between owning, loaning, and gambling with your investments.
We make restaurant recommendations, mention a great hotel stay or great city to visit. Yet when it comes to financial security and peace of mind, it is much harder not to feel like we might be meddling in someone else's personal affairs. Today on, ThinkSmart Advisors Rob McClelland and Mike Connon discuss why sharing your success with those around you is, in fact, one of the best things you could do.
Once the hub of excitement, arts, and entertainment COVID-19 has quite literally sucked the very life out of our cities. Restaurants are boarded up, homelessness is on the rise, hotel occupancy rates are down all while prices continue to soar. Join us today as Financial Advisors Rob McClelland and Mike Connon discuss their recent travels abroad and what we need to do in order to save our cities.
There is no doubt that COVID 19, the war in Ukraine, rising interest rates, and supply chain disruptions are leaving people with the sense that chaos is all around. Sometimes, it's extremely difficult to even consider investing when you are in the thick of all this social turmoil. But these occurrences are not new; in the 90s, we had the Gulf War, the housing crash and we feared the approach of Y2K. So as an investor, what should you do? Listen today as we give you some insight into the markets and what you might want to do with your money.
Why is investing so difficult? The war in Ukraine, restrictions on the Russian stock market, COVID-19, and so many other unknowns are creating a sense of uncertainty and fear. Is it natural for people to be good investors? It seems to be our natural instinct to run and hide from things that we find frightening or threatening. Join us today as we explore the psychology of investing and how to prosper with clear thinking.
Senior Financial Advisors Rob McClelland and Mike Connon discuss an article written by Dr. Craig Israelsen entitled "50 Years of Asset Allocations". The article traces asset allocation behaviour from 1972 and 2021. Rob and Mike examine these using 7 different strategies; cash, bonds, balanced portfolios, and diversified strategies beginning with the same base investment amount and see how it fares over 50 years. Join us to hear how it all turns out.
How do you prepare for a possible bear market? Advisors Rob McClelland and Mike Connon were inspired by an article written by Safal Niveshak 35 ideas from 2021.
Herd mentality brought on by COVID fatigue can lead to gambling with your investments. Don't make important decisions for the wrong reasons. Always remember your margin of safety. Listen today to find out more.
Today on ThinkSmart Financial Advisors, Rob McClelland and Mike Connon, discuss, once again yes, the real estate market and its performance over the last ten years. This time we take a deeper dive and look not only at residential real estate but at the global real estate market, operational real estate, infrastructure real estate, resorts and lodging, land holdings, diversified investment products, development, and industrial lands. There are so many types and parts of the real estate market that we often don’t consider, but which ones are the best performers? Find out more today on ThinkSmart.
Today on ThinkSmart with TMFG Financial Planners Rob McClelland and Mike Connon discuss some of the science behind what leads humans to be bad investors. Investing is easy, isn't it? Well, maybe not with all the parts that make up the human psyche, you might be surprised that we ever have a successful outcome. Today we discuss; Anchoring, Sunk Cost Fallacy, Back-fire effect, and Belief Bias amongst a host of other tendencies that investors tend to lean on. Join us to learn more.
As we head into year two of the COVID -19 pandemic Financial Planners Rob McClelland and Mike Connon take a look at the accelerated rate of change across the many industries that directly affect our day-to-day lives. While in many cases there have been huge advances that have required companies to pivot their sales and service offerings it has also in some instances come at a cost to the consumer. Join us today as we look at what is happening in the automobile industry, the housing market, the job market and, more.Â
Registered Retirement Savings Plans, Registered Retirement Income Funds, TFSAs and RESPs at one time, the rules for these types of registered accounts were pretty straightforward, but they have become rather complicated. Over the years, we have come across many accounts that have been set up incorrectly. Considering that these are some of your biggest assets, they can become very costly mistakes. Join us today as we take you through the best strategies to employ with your registered accounts to ensure you are retaining the maximum value of your investments.
No doubt, one of the hottest topics in today's financial and tech world is cryptocurrency. However, as Financial Advisors, one of the critical job requirements is to do our due diligence before recommending anything to our clients. Cryptocurrency is an elusive, misunderstood investment product that the best technical and financial minds struggle to comprehend in its totality. Much like the dot-coms of the late 90s, you have to be sure you're backing the right horse. There are still so many uncertainties surrounding it, and there are little to no controls or protections in place. Join us today as we discuss what we have discovered so far as we begin our investment journey with cryptocurrency.
Things have definitely changed over the last 20 years in the real estate business. A large part of this change seems to revolve around the real estate agent. At one time, people would ask their agent, "How much is my house worth?" or "How much do you think I could get for it?" More and more, we see the realtor's role developing into an almost auctioneer-like job, creating bidding wars and placing huge amounts of risk on the buyer. Listen today as Advisors Rob McClelland and Mike Connon look at how the real estate market has developed and changed over the years and where it may be heading.
Over the years, we have spoken to many investors who ask us what they should do with their financial windfalls. There are so many scenarios to consider; should I invest now? Should I wait until prices come down? Should I buy an expensive house? It's often pretty hard to make the call. Find out today what the best strategy is on ThinkSmart with TMFG.
Every day we move closer and closer to a virtual world. Embracing the virtual option has created incredible efficiencies in so many aspects of our daily lives. From doctor's appointments to travel, even the notoriously steadfast financial services industry has made giant leaps over the years, with e-transfers and e-signatures becoming the norm. Newer still, cryptocurrency, that dark horse that defies definition. So how can an investor capitalize on this virtual world? Listen today to ThinkSmart with TMFG to find out.
There is often a disconnect between how the various levels of government handle several essential elements of our society, i.e., immigration, housing, trade, medical care. Each plays a role in the financing and governing rules and laws, yet these don't always work together cohesively. The transfer of funds and policy at the municipal, provincial, and federal levels can cause gaps in the system. Listen today to find out more.
As you gather with friends and family this holiday season, you might hear the familiar sound of someone else's success. What are you missing out on? Where should you put your money? Cryptocurrency is exciting, and yet the fear of inflation looms. What can you count on to make you financially successful? Does your Advisor know anything for certain? Find out today on ThinkSmart with TMFG.Â
There are many factors to consider when choosing where to spend your retirement years. Today on ThinkSmart Financial Planners, Rob McClelland and Mike Connon discuss some of the things you should keep in mind when making your decision and what it costs to retire to most North American cities.Â
Today on ThinkSmart Senior Financial Planners, Rob McClelland and Mike Connon, look at global diversification. No one part of the world can ever dominate the market. What does the world marketplace look like? What are some of the statistics and some of the larger companies that affect them?
Is there a difference between speculation and investing? Find out what separates the two. Things may not always be as clear as you think. What are SPACs, memes and tangibles? Listen to find out what is happening in the market today.
Have you noticed how bad service has become lately? Has COVID-19 affected the level of service straining our already taxed systems? Countless hours can be spent trying to sort out even the simplest of things. Isn't it about time to fix the broken system?Â
The Canadian Real Estate Market Is the Bubble Ever Going To Burst?
Is getting into the Canadian housing market like chasing the proverbial unattainable carrot on a stick? Are we getting dangerously close to treating the real estate market as though we were speculating on a stock? How are things like record immigration rates and multiple property ownership affecting things? So many people across Canada are trying to get into their first homes, but it seems like an impossible task. So how are young homeowners getting into the market? Listen today to ThinkSmart to learn more.
In this 3 part series Advisor Rob McClelland speaks with other Financial Advisors about their practices, their journey through financial planning, and working with their clients. Join us today on ThinkSmart as we are joined by Advisor Daryn Form and glean a fresh perspective on wealth management.
In this 3 part series Advisor Rob McClelland speaks with other Financial Advisors about their practices, their journey through financial planning, and working with their clients. Join us today on ThinkSmart as we are joined by Advisor Don Proteau and glean a fresh perspective on wealth management.
Ever thought of trying to make charity part of your financial plan? A donor-advised fund or DAF might be just the strategy you're looking for. The goal of a DAF is to help investors maximize their charitable giving while also helping them save on income tax and simplify their charitable gifting.
If inflation rates rise, the Bank of Canada will be forced to raise interest rates, resulting in long-term fixed income returns looking a lot more like a capital loss. So, how can your average investor counteract this? Listen today to ThinkSmart with TMFG as we discuss alternative strategies to investing in fixed income.
Let's talk electric cars, and how, believe it or not, we can relate that to the many investment options that are out there for you. Listen today to ThinkSmart and learn how to simplify your financial life and a thing or two about cars.
Many of us have been trying to be safe by staying close to home and are not quite sure what to expect from the big wide travel world. Rob and Mike discuss some of their recent travels and what they have found that is new, different, and downright amazing. Join us today as we give you a Canadian insider's look at the brave new world of travel.
You might be surprised to know how personal wealth breaks down worldwide. Even more shocking, who the 1% actually is and the discrepancy of personal assets between nations. Today on ThinkSmart Financial Advisors Rob McClelland and Mike Connon discuss Visual Capitalist's review of global wealth.
Financial Advisors Rob McClelland and Mike Connon review the top performing stocks on the S&P 500, the Russel 3000, and the NASDAQ and discuss the lessons we can learn from their performance. Join us today on ThinkSmart!
How are you going to vote? Financial Advisors Rob McClelland and Mike Connon discuss their view of each party's platform and promises in this year's election. Join us today on ThinkSmart!
Advisors Rob McClelland and Mike Connon of The McClelland Financial Group of Assante Capital Management Ltd. discuss the ins and outs of creating a global bond portfolio. Short to long-term bonds, bond maturity, interest rate risk, bond ratings and more. How likely are your bonds to pay off? There are a number of things to know before you consider taking this approach to your portfolio. Listen today to discover our recommendations for best practices.Â
Join us today on ThinkSmart as Financial Advisors Rob McClelland and Mike Connon discuss the ins and outs of how advisory firms are paid. There have been many models that have been followed over the years. We discuss each compensation mode in-depth and how most firms are working today.
Listen today as Advisors Rob McClelland and Mike Connon give you the inside track on how to build a portfolio. What stocks you should buy and what you should consider, including tax credits, what assets go into which accounts, and what to look for in diversification—the performance of small, mid, and large-cap companies. Learn our best practices.
Did you know that there are at least six different types of trading strategies? Join Advisors Rob McClelland and Mike Connon as they run through everything from Momentum to Swing traders and discover the pros and cons of each.Â
Nobody likes to pay more taxes than they should but have you ever heard of hidden taxes? They look like a tax and act like a tax, yet they are not called a tax. Listen here today, as Financial Advisors Rob McClelland and Mike Connon discuss some of these covert culprits.Â
We often have difficulty as Financial Advisors quantifying what it is we do. The truth is that the numbers don't lie. In the long term, working with an advisor is in your best interest. Cookie-cutter solutions cannot make the same claims. A financial plan tailored to you, your risk tolerance, spending habits and all that makes up your financial persona is invaluable. Join us today as we run the numbers and define where exactly you will see that effect on your bottom line.
They may look like the next best thing, but the truth is they may not be reliable investments. Huge companies can rise to the pinnacle of their creation only to be in the red when it comes to the bottom line. Join us today as we examine Great Products, Horrible Investments.
Advisors Rob McClelland and Mike Connon take a behind-the-scenes look at active mutual funds. Why is it that mutual funds continue to underperform their benchmarks? You may be surprised to know that many funds do not survive; many close or consolidate. You may have put your money into one fund only to find out that it has completely changed its parameters without you even realizing it. Of those funds that do survive, only 23% beat the market 10 years out, and on the fixed income side, only 31% 10 years out beat the market, and the numbers only go down from there. Join us today as we take a deep dive into the active mutual fund industry and review the recent study “The Mutual Fund Landscape".
The housing market is on fire in Toronto and Vancouver. Entry-level houses are selling for well over 1 million dollars. Today we dig deep to understand what the housing data is actually showing us. Financial Advisors Rob McClelland and Mike Connon discuss the many obstacles that parents and children face as they become first-time homeowners. Is it a good idea to help your kids with this purchase? If so, where should the money come from? This, along with best practices for parents to consider here on ThinkSmart.
The goal of this company has always been to add value for our clients. You might be surprised to know that building your portfolio is one of the easier parts of what we do. Join us today as we examine our value proposition and which parts of it are geared towards doing a better job for our clients.
Many people try their hand at doing their own tax returns with the thought that they can save money or that it's not really all that complicated. But we're here to tell you that there are a number of easy mistakes that people make when filing their income taxes. Listen here to find out what they are and how you can avoid them.
Today on ThinkSmart Financial Advisors, Rob McClelland and Mike Connon, discuss the ins and outs of dying in Canada. From the types of taxes, you face to some pretty simple things you can do to ensure that as much of your accumulated wealth as possible can be passed on to the next generation.Â
We all know change is inevitable, but the pandemic has brought change to the forefront of many technological discussions. Outdated modes of communication are on their way to becoming a thing of the past. Join Us Today on ThinkSmart as we discuss the change and the innovation that we should expect in the coming years.Â
Is your savings rate at the right level for you to be able to retire? This is one of the 10 numbers that you should know when it comes to your financial life. Today on ThinkSmart Advisors Rob McClelland and Mike Connon discuss everything from the Rule of 72 to how to calculate your financial independence and net worth.Â
They weren't always as perfect as we like to remember them, especially when it comes to financial products and advice. Front-end fees of 5-9%, deferred sales charges, minimum commissions, management fees, and hidden fees; it could be a very hostile environment to navigate for the average investor.
Join us today on ThinkSmart as we look back at how things were and what has come along to replace them.
Today we look at the saving and spending habits of three different groups; The Frugal Foodies, The Prudent Families and The Extravagant Travelers and what makes each of them successful in attaining their ideal retirement goals. Which type are you?
Join Us Today On ThinkSmart!
Where should you be getting advice? Generic advice can be very dangerous. There are so many factors to consider when you start to make decisions based on what you read or hear. Are AIs really sophisticated enough to solve all your financial and money concerns? You may not even be aware of the risk that is baked-in to the information you are considering.
No matter how or what happens, you just can't shake inflation. It's always right there by your side. But what can help in your ongoing lifetime battle with it is understanding it. How is inflation calculated? You might be surprised how that 3% is actually determined, how issues in the supply chain can affect the cost of goods and impact your future aspirations. Is there a way to keep up with it all, or are you well and truly doomed? We're here to tell you there are ways to beat inflation at its own game.
Listen to how today on ThinkSmart!
Everyone has predicted a correction for the housing market, but as prices continue to rise in cities like Toronto and Vancouver, will we ever see this happen? Real estate and real estate construction today make up a larger share of our economy than in any other country in the world. When the pandemic hit, all predictions were that the housing market would suffer while it seems the exact opposite occurred. What is happening to make more individuals take the leap and become homeowners?
The world has changed significantly over the past year. We have begun to shine a light on those areas in the environment and society that had previously been ignored. Ethical Sustainability and (Corporate) Governance Investing or ESG investing has become a topic of interest for many investors. However, the path to these ethical decisions is not always at straight forward as we may think. It's not easy to decipher which companies to believe in, and many factors need to be taken into consideration. At the moment, there is no perfect system. So how do you begin to weigh the pros and cons of what companies should be in your portfolio?
Today on ThinkSmart, we discuss the exciting new world of ESG Investing.
It's hard to believe that we have hit the 100 podcast mark, but it's true. Our format has changed a lot over the years. We have tackled everything from macroeconomics to social issues and come all the way back to grassroots financial planning advice. What started as taking our daily in-person "Tim Horton's chats" public, has grown into a weekly podcast and a steady group of listeners. With the rollercoaster of a year we have had, we feel privileged to keep in touch with all our listeners and our loyal clients. In this episode, we take our cue from one of our most downloaded podcasts, "Lessons Learned from 2008 to Present" and discuss some of the important lessons we have learned over the year from market fluctuations to the benefits of rebalancing. Join us today on ThinkSmart!
Could it be that we are approaching a recovery? If you have been in the fortunate position to have had extra capital over the past few months, your savings may actually have increased. The unemployment rate is predicted to lower in the future and, GDP is on the rise.  We are beginning to see many positive signs on the horizon. Most importantly, we are starting to see social change,  raising awareness of inequalities and a movement to a more open and positive future to come. Join us today on ThinkSmart as we discuss the many directions the world is moving in and some of the things we have begun to noticed along the way.Â
What does volatility in the market actually mean, and how can you make it work to your advantage? The downside of volatility often gets negative press, but risk and return are often very closely related. Let's explore how this all works today on ThinkSmart.
The death of a client can be one of the hardest parts of an advisor's job. In many cases, this may be a relationship that has been forged over 20-30 years. It is a difficult time for everyone involved, and a financial advisor needs to be the voice of reason for the surviving family members. There is a lot riding on the next steps, and everything needs to be done correctly. Listen today to hear some of the elements that come into play when this part of a client’s financial journey comes into play.
Trying to predict the outcome of most things, if not based in science, is very nearly impossible, and even then, it can be impractical. Isn't it always way too apparent after the fact what we should have expected or, better, known? But seriously, do you think it's possible to predict some aspects of the market? Find out what we believe today on ThinkSmart.
What steps should you consider taking to ensure a smooth transition into retirement? How should you handle your accounts over the next few years? What are the tax benefits of changing tax brackets? How to cope with your debt. Consider how your future health might be affected. When should CPP be taken? Do both you and your partner have the same ideal retirement in mind? We answer these and many more questions today on ThinkSmart.Â
The first Bitcoin ETF was recently launched, and it's certainly become very hard to ignore it in the marketplace. However, there are two sides of this figurative coin; the financial perspective and the technological perspective. There is a severe lack of information and mystery around how it actually works. Â While it may, in fact, really help in third-world commerce, Â there is still a ton of volatility and uncertainty surrounding it.
Join us as we discuss the ins and outs of Bitcoin!
Does anyone know off the top of their head the difference between mutual funds and ETFs? For all intents and purposes, they are pretty similar. However, you may be surprised to know that there are a number of subtle distinctions that can make a difference to your pocketbook. Listen today to find out more!
Have you made your first million yet? It's not as hard as you might think. Believe it or not, there are some pretty straightforward steps you can take to get there. Listen today as Rob and Mike give you their personal accounts of how their very practical financial decisions worked out and how you might be in a position to do the same.
Signals of financial change: What types of change are we seeing, and what is the impact on your life? In many parts of the world where there previously had been none, a rising middle class is working towards a more desirable lifestyle and driving up costs. While at the same time, in the western world, our priorities are shifting from owning things to experiencing things.
From the minimum wage worker to the corporate executive, things are on the move.
We are in a period of growth and the world is changing in so many new ways.
Find out more here today on ThinkSmart.
With some time on our hands and many fewer distractions, now is the perfect time to start dusting off some of those old forgotten estate documents. Rob and Mike discuss best practices and some tips and tricks to help you and the important people in your life cope with your estate.
Lockdown is getting pretty tough on all of us. This week on ThinkSmart, Rob and Mike look at what we can do to keep ourselves occupied. Let's start checking off some of those need to-dos that we keep putting off.Â
How much control do you want to have of your portfolio? Find out what simple choices you can make to stay successful. We discuss the fundamental differences and problems between heavily weighted fixed income or equity portfolios and what we believe is the undisputable smart choice. Fear often over-shadows historical data to the detriment of investors. Learn how to escape the mistakes investors continue to make.
Today on ThinkSmart.Â
How will Canada and the world begin to tackle their trillions of dollars in debt? Will increasing taxes be their only option, and if so, which tax type will even make it possible? We see movement and changes everywhere we look. Retail is struggling while social media is thriving. Is the department store well and truly dead? Which way will the interest rate be heading? Even the real estate markets are changing in ways we could not have predicted.
Listen today to hear our prognosis for the coming year.
No one would argue that AI is not doing miraculous things in all areas of our modern lives. We see an elimination of errors, lengthy monotonous tasks are often completed at record speed and with great efficiency. Still, they are missing one thing - the human element. Sure, Robo-Advisors have become very good at some of the basic aspects of portfolio management, but they lack a certain amount of foresight. They cannot wholly comprehend the variables, personalities, or complexity of a clients' entire financial situation. Today on ThinkSmart, we discuss both the pro and cons of Robo-Advisors.
There are sharks in the water that will never change. But what you can always rely on is the efficiency of the financial market. In this day and age, when news is disseminated instantaneously, it's hard to have the inside track on any given situation. Rob and Mike discuss the beauty of the free market system and how it remains a constant through time.
The media can be a veritable lion's den. Every agency, publication, newspaper, commercial, or newsfeed is grasping for your view and your time. Each one working harder than the next to sell you their idea. In this minefield of information, how do you understand what to do and what information is rational? As an investor, the feat is practically impossible. Statistics manipulate, factoids are deceptive. What can you do to avoid being a sucker for financial proselytization? Today on ThinkSmart, learn how to navigate financial indecency.
We all know the media's impact on our mindset, and our decision making is huge, but how does it affect our thought process when making financial decisions? It's important to remember that a large part of the media's job is to entertain. It's not always about getting you all the facts but more often about keeping you engaged long enough for you to see the advertising or the commercial.Â
Not surprisingly, people turn to important people in their lives for advice, Doctors, Lawyers, friends, and family. If we look at the data on who people most often get alternative financial advice from, the results are surprising but do you see a teacher about your broken arm?
We discuss how armchair advice can do more harm than good and we take a look into this not so uncommon idea of Financial Pornography.
This and more today on ThinkSmart!
Today we discuss what we can do to eliminate one of the biggest evils in our financial lives; debt.  It can be as simple as creating a budget, paying yourself first and looking at your options when it comes to mortgage debt. Rob and Mike go into the details of these and many more strategies that can help you to get yourself on the right track with your savings and expenses.
This and More Today on ThinkSmart!
The credit market in Canada is now 28 billion dollars. 50% of all Canadians are facing insolvency. How are we functioning with all this debt and what are some of the common and most detrimental mistakes that we make that lead us into this inescapable prison? What is the connection between investing and debt? Discover this and more today on ThinkSmart!
The ins and outs of TFSAs. How to tax allocate your portfolio from interest income from your GICs. How to use REITS to your advantage. Where should your fixed investments and equities live? The tax implications of active investing vs passive investing. How and when to trigger a capital loss. This and More today on ThinkSmart.
Episode 78: ThinkSmart
There is no question, taxes are difficult to understand, and most people want to fall asleep the minute you mention them. However, there are many different types of taxation and they all play a significant part in your finances. In fact, the list it seems, is practically endless; from the little-known hydro tax to land transfer and investment taxes. Learn about marginal tax rates, average tax and interest income vs dividend income. Â
This and More Today on ThinkSmart!
Inflation plays an enormous role in the stability of your financial future. There are adjustments and best practices that are required to keep your portfolio in check with the pace of inflation. Know for sure how you are invested and that you will have peace of mind in retirement.Â
Learn This and More Today on ThinkSmart!
Inflation is that incremental little evil that sneaks up on you when you are not looking. Inflation rates seem in many ways to have a mind all of their own. Why is it that we see this confounding lack of consistency in so many areas; from housing to automobiles. Is it simply luxury items that fall victim to this unscrupulous rate of increase or is it more prevalent than we think? Are you certain that how you have your money invested will be able to keep up? Â
We explore this and more today on ThinkSmart!
Join us for the third and final part of our interview series with Dr. Riley Moynes as he discusses his latest book; "The Ten Lessons: How You Too Can Squeeze All the Juice Out of Retirement". What is the secret to a successful retirement? Reinvent yourself. Finding your purpose in retirement and contributing your unique knowledge to create a rich and vibrant community, can help you to have an amazing sense of satisfaction in this extraordinary time of your life.
Learn This and More Today on ThinkSmart.
What is it that equals a successful retirement? You may be surprised to hear that it's not only about financial success. 10,000 people are retiring every day in North America and in this modern age that can mean that 1/3 of your life is spent in retirement. Dr. Riley Moynes discusses in detail "The Four Phases of Retirement". Listen, as we journey through part 2 of his discoveries in this three part series on financial education and retirement.Â
We explore this and more today on ThinkSmart!
The life and times of Dr. Riley Moynes; his work for many years in the field of education, as a teacher, a consultant to various schoolboards and even to the Royal Ontario Museum. In speaking with Dr. Moynes one thing is clear he has always been passionate about education and learning. He took his first major steps as a financial educator with the writing of his book "The Money Coach". Listen as we journey through his discoveries in this three part series on financial education and retirement.Â
We explore this and more today on ThinkSmart!
What impact will the Presidential election have on the financial markets? Taking a look back at the history and data, what are we able to predict for the future of world economies? Which party has consistently been more successful over time at providing better market returns? We look at the many factors that define profitability in one election year vs another. From FDR to Obama what has the office of the President been able to contribute to the nation's wealth.
We explore this and more today on ThinkSmart!
Over the years we have worked with many Canadian families and multiple generations within those families. We have found that some of the key factors to generational financial success is often found by creating a supportive open environment for families to communicate in addition to a well organized and executed plan. The ability to clearly understand the needs of parents, children and grandparents can allow for easy life transitions. Whether it's buying a home, selling a family cottage, opening a trust account for your grandchildren or settling an estate. Join us today as we discuss in detail what we do as family advisors to help create that legacy.Â
For many of us apps have become so much a part of our lives and there is no debate; the benefits are tremendous. Apps are changing our personal and business lives by freeing us up from tedious often repetitive tasks as well as teaching us new ways to create and explore. Join us as Rob and Mike discuss a few of the apps they love and what makes them both fun and useful.
There are many different types of bonds; government bonds, corporate bonds, treasury bills, AAA bonds, long term and short term bonds. Advisors Rob McClelland and Mike Connon walk you through the bond world and discuss the advantages and disadvantages of various bond strategies; including tax implications and what role they should play in your portfolio. Are your bonds hedged or not? How does the yield curve work?Â
We explore this and more today on ThinkSmart!
With interest rates at the lowest they have been in 200 years; is the 4% retirement income withdrawal rule dated? Experts say past investment results cannot predict future returns; is that important? What are the rules around withdrawal percentages and what is a safe amount for you to consider? This and More Today on ThinkSmart!
Deutsche Bank published a report announcing the lowest bond yields in over 200 years; so what's the point? Most portfolios are built with some portion of fixed income. We look back at 94 years of data to examine if bonds are needed in the modern portfolio and what, if any options you may have.We explore this and more today on ThinkSmart!
Is it really such a bad idea to tax the super-rich to help pay for COVID-19? Are we better-off paying our debt or letting some of the greatest minds of our time reinvest in our future as a species. Join us as we discuss the controversial and uber-rich Elon Musk, the unassuming Bill Gates and the Steve Jobs legacy and their contributions to the world.
As value stocks continue to underperform and growth stocks continue to outperform how much should you overweight your portfolio? The lure of the NASDAQ and extreme growth tech companies; is the expense of their stock price worth the investment and can it maintain for the long term? As we struggle to recover and look for new direction after the COVID correction what is the right choice?
Over the years our toughest clients have had a huge impact on shaping how we do business. Sharing with us their own expertise or simply their honest feedback has enabled us to consistently grow, stay relevant and at the top of our game. From pushing to find lower cost management solutions and learn the ins and outs of creating trusts; it's these demanding individuals who have made us who we are today.
We explore this and more today on ThinkSmart!
Getting cash out of the system; the good and bad of cash and the move to digital. The emergence of COVID-19 has made us rethink our need for cash. Our thoughts on how the elimination of cash could contribute to the reduction of government debt and encourage a stronger GDP resulting in more investment dollars into the Canadian market. By removing cash and creating a digital transaction record could we begin to put pressure on the illegal drug, arms and sex trade industries. As well as how embracing digital payment systems can really start to simplify your life.
We explore this and more today on ThinkSmart!
Taking advice from an expert is always the recommended course of action but when it comes to your hard earned dollars it seems often the most difficult advice to receive. As fee-based advisors we sit on the same side of the table; if you succeed we succeed, likewise when you are unsuccessful we share in that financial loss. Today we highlight some of the areas we find the most difficult to give advice on and yet where we find it may be most useful to you; the conversion to cash, rebalancing, the hot stock tip, too much debt and to TFSA or not to TFSA. This and more today on ThinkSmart.
Learning with some of the best and brightest entrepreneurs from around the world.
Hear how they are tackling change and their surprising view of the future.
The Strategic Coach has been a big part of our entrepreneurial spirit for many decades,
from it we have learned a sense of accountability for each of our actions among many other best practices.
This and More Today on ThinkSmart
Risk and return as we all know go hand in hand. Rob and Mike walk you through how to increase your rate of return and what approach could work for you. Based on your risk tolerance is the answer stocks, mutual funds, or Index Funds. Is investing in REITS just too risky and how do you use leverage properly.Â
This and more Today on ThinkSmart.Â
The fastest rise in 50 days in the history of financial markets. This bear market has suddenly become a bull. But should you stay invested in Canada? Looking at the Canadian, US, European, Asian and Far East Markets over a 20 year period can give us some great insight into the months and years to come. What has changed in the last 10-20 years and how does that affect your bottom line.
There are many different types of risk. As advisors we are told never to use the word. Risk however, is a very real part of being invested. Today Rob and Mike discuss the advantages of low risk investments and how strategies differ between; Global Bonds, Balanced Funds, ETFs, Funds of Funds as well as Real Estate and illiquid and liquid assets.This and more Today on ThinkSmart.Â
As difficult as things are right now the future is truly bright. There are so many new and emerging technologies that can help you through these taxing times. We all need to be embracing new ways of interacting and coping with some of our basic necessities. Today, we highlight some of our best practices to stay social, connected, happy and healthy. This and more Today on ThinkSmart. Â
The fundamentals of the markets have not changed. Risk and return are eternally related. There is always a winner and a loser, a buyer and a seller. But is there an opportune time to buy? How can you time the markets to get yourself into a prime buying position? The move to cash is it ever a good idea even with dollar cost averaging? Those who do get it right will they be visionaries or just plain lucky? Why rebalancing in a timely manner is crucial to the health of your portfolio.  This and so much more Today on ThinkSmart. Â
ThinkSmart Podcast: Mental Wellness
May is Mental Health Month and a somewhat timely reminder of what care we need to take of ourselves and each other during these difficult times. As advisors we see changes in memory, aptitude with figures and sums and an inability to cope with decision making. As self-isolation becomes the new normal bringing mental health to the forefront seems more than appropriate.Â
This and More Today on ThinkSmart.
Are your investments really safe? Will you wake up one day and have nothing left? Hustlers and swindlers have duped even the smartest individuals. When and how does Investor Protection come into play? Do you know your advisors contingency plans in case of insolvency? This and More Today on ThinkSmart.
The stock market rallies in April. Things seem to be on the uptick with recovery being close to 25% from its drop to 34%. Interest rates, liquidity and quick government response times seem to be moving us in the right direction. But is this only a dim light at the end of the tunnel? Should we expect to see more volatility in the weeks to come? Has the recession arrived? What does market efficiency really mean to you and I? This and More Today on ThinkSmart.
Mentors have played a critical role in defining how we view and do business. From the first balanced portfolios, FACTOR investing, global diversification, accessing your staff's unique abilities to bringing fresh ideas on client and workplace tools into the mix. We have been fortunate enough to be set on a great path by some outstanding individuals. Including; Sir John Templeton, Nick Murray, Michael Nairne, Dan Sullivan and Brad Steiman. This and More Today on ThinkSmart.
We are now entering our 5th week of fighting and coping with the COVID-19 Virus. Taking a look back at how we persevered in the past during times of trouble. How have we adapted our lives and technologies and how we will continue to re-imagine the world as we move through this ongoing pandemic.
Join Us for our 50th Podcast of ThinkSmart.
Looking at the advantages and changes that have followed this pandemic. What will the future hold for us as we grapple to keep up with climate change, e-education systems and a complete upheaval of the social world as we know it. This and More Today on ThinkSmart.
It's been a hairy week in the markets. What have we learned over the years in this business and what steps are we recommending. A deeper dive into the weeks ahead.
Rob and Mike discuss how they are personally coping with the Coronavirus pandemic. As well, how our office is managing and suggestions for clients during this market uncertainty. This and more today on ThinkSmart!
How will Coronavirus affect our clients? How are we dealing with it in the work place? As well as our suggestions and recommendations on how to manage the market downturn.
Hard advice is the exact opposite type of advice that feels comfortable to give. Telling our clients they are over spending, stuck in sentimental stock purchases, holding too much cash and over gifting their grown children is a tough business but someones gotta do it! The hard job of being a good advisor at all costs. This and More Today on ThinkSmart.
Episode 46 : ThinkSmart
The stock market is down 15%. We're seeing the effects of Coronavirus and supply chain disruption. What do the markets look like during this time? Will we finally go into a recession? This and more today on ThinkSmart
The Cobbler's Children Have No Shoes
Episode 45 : ThinkSmart
We also need to follow this idea of taking advice. What are we learning to do to keep up with our current lives? There is no miracle solution it's a combination of a lot of best practices. This and more today on ThinkSmart.
What are we doing right? We were early adopters of diversification and balanced portfolios long before they were widely available. We determined that higher risk tolerance over time did outperform for our clients. We became leaders in fee based advice which translated into client-centric advice not bottom line advice. This and more today on ThinkSmart .
Simplifying your "whole life" becomes less of a want and more of a need as we age. Rob and Mike discuss the pros and cons of illiquid assets, real estate, capital losses, power of attorneys and more. Today on ThinkSmart.
We've definitely made some bad judgement calls over the years. From holding bad positions too long to appeasing  a client and going against our own advice. We've learned a lot along the way. This and more today on ThinkSmart.