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1 Dec 2021 02:57:25 UTC
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Foreign Withholding Tax
DO NOT TIP. This is an unofficial YouTube mirror of Ben Felix (https://youtu.be/_gC2y4j5s0M).
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-----------------------------
Important correction: In the video I say that the ETF XEC holds emerging markets stocks directly. That is false. It holds IEMG, which is a US listed ETF. The only Canadian listed ETF that holds emerging markets stocks directly is ZEM, though it also holds some US listed ETFs. ZEM also tracks an index that omits small cap stocks completely, making it potentially less desirable than the more diversified XEC.
Global diversification is universally accepted as beneficial to investors, but foreign withholding tax is a tricky little detail that can eat into your investment returns. When a foreign company pays a dividend to a Canadian investor, the company’s home country will often impose a tax on the dividend. The amount of tax withheld by the foreign government depends on the arrangement between the two countries.
Referenced in this video:
Foreign Withholding Taxes white paper: https://www.pwlcapital.com/pwl/media/pwl-media/PDF-files/White-Papers/2016-06-17_-Bender-Bortolotti_Foreign_Withholding_Taxes_Hyperlinked.pdf?ext=.pdf
------------------
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PWL Capital Blog Post: https://www.pwlcapital.com/foreign-withholding-tax/
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------------------
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Ben Felix
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Controlling
VIDEO
INVES
investing-in-the-s-p-500
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The S&P 500 is an index of 500 US stocks that covers roughly 80% of the available US market capitalization. It is one of the oldest and best-known stock indexes in the world. The S&P Dow Jones Indices website says that there are 3.4 trillion US dollars indexed to the S&P 500. That is 3.4 trillion US dollars invested in index funds that are tracking the S&P 500 index. That is a lot of money invested in the S&P 500.
Referenced in this video:
Do Global Stocks Outperform US Treasury Bills?: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3415739
Global equity investing: The benefits of diversification and sizing your allocation: https://www.vanguard.com/pdf/ISGGEB.pdf
International Diversification Works (Eventually): https://www.aqr.com/Insights/Research/Journal-Article/International-Diversification-Works-Eventually
The S&P 500 Goes Supernova: http://multifactorworld.com/the-sp-500-goes-supernova/
Catch up on the latest investing advice, insights and white papers here.
https://www.pwlcapital.com/teams/passmore-felix/?utm_source=youtube&utm_medium=copy&utm_campaign=ben2019&utm_content=sp500
------------------
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#investing #strategies #marketefficiency
Transaction
Created
2 weeks ago
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video/mp4
Controlling
VIDEO
THE T
the-truth-about-day-trading
DO NOT TIP. This is an unofficial YouTube mirror of Ben Felix (https://youtu.be/qhHOmZVAqBE).
Convince Ben Felix to join Odysee!
-----------------------------
Day trading, the activity of buying and selling the same financial asset on the same day, sounds like one of the smartest approaches to investing in stocks. Why bother holding onto an index fund when you can make daily profits? And to make day trading sound even better, there are lots of people on the internet nice enough to teach you how to trade, and make huge easy profits just like them, for a fee, of course.
Timestamps:
0:00 Introduction to what day trading can and can’t do for you
0:36 Is day trading an effective strategy?
6:43 Day trading for a living?
7:52 The paradox of skill
10:13 Why do day traders still day trade?
Referenced in this video:
The Cross-Section of Speculator Skill: Evidence from Day Trading The Cross-Section of Speculator Skill: Evidence from Day Trading
Just How Much Do Individual Investors Lose by Trading? https://faculty.haas.berkeley.edu/odean/Papers%20current%20versions/JustHowMuchDoIndividualInvestorsLose_RFS_2009.pdf
Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors https://faculty.haas.berkeley.edu/odean/Papers%20current%20versions/Individual_Investor_Performance_Final.pdf
Day Trading for a Living? https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3423101
Understanding Skill A Paradox Plus Qualitative and Quantitative Approaches https://research-doc.credit-suisse.com/docView?language=ENG&format=PDF&source_id=csplusresearchcp&document_id=1051045621&serialid=CFuLyFE%2BEXHlo12BGWMqq8fSzI8Xcj0miB1nOa39p9U%3D
Learning Fast or Slow? https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2535636
All That Glitters: The Effect of Attention and News on the Buying Behavior of Individual and Institutional Investors https://pdfs.semanticscholar.org/1026/cd3db0ee888fdd505a8f1e4204cd426106ae.pdf
------------------
Follow Ben Felix on
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Visit Rational Reminder: https://rationalreminder.ca/
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You can find the Rational Reminder podcast on
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https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582?mt=2
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https://open.spotify.com/show/6RHWTH9iW7hdnA7eAg7ukO?si=hjZNfLKuSjSeWX38GPqhVA
------------------
Transaction
Created
2 weeks ago
Content Type
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video/mp4
Controlling
VIDEO
WHY A
why-are-people-switching-to-index-funds-csi-investing-with-ben-felix
DO NOT TIP. This is an unofficial YouTube mirror of Ben Felix (https://youtu.be/TodW2LEkowI).
Convince Ben Felix to join Odysee!
-----------------------------
In this episode of Common Sense Investing, I’m going to tell you why individual investors and large institutions are tossing their expensive actively managed funds, and buying low-cost index funds.
I’ll be talking about this and many other common sense investing topics in this series, so subscribe and click the bell for updates. I’d also love to hear from you as to what topics you’d like me to cover.
------------------
Visit PWL Capital: https://goo.gl/uPcXg7
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Follow Ben Felix on
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- LinkedIn: https://www.linkedin.com/in/benjaminwfelix/
------------------
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Transaction
Created
2 weeks ago
Content Type
Language
video/mp4
Controlling
VIDEO
MARKE
market-crashes-is-this-time-different
DO NOT TIP. This is an unofficial YouTube mirror of Ben Felix (https://youtu.be/9PYsVkPtcXk).
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-----------------------------
Every market drop feels different. There is always a narrative, and the narrative is often scarier than the drop itself. If we can understand the power of a compelling narrative to make us behave irrationally, we might be better equipped to make better decisions, and feel less anxious, when the stock market declines.
Special Rational Reminder episode on Covid-19: https://rationalreminder.ca/podcast/90
Referenced in this video:
-Economic Effects of the 1918 Influenza Pandemic: https://www.stlouisfed.org/~/media/files/pdfs/community-development/research-reports/pandemic_flu_report.pdf
- NEGATIVE BUBBLES: WHAT HAPPENS AFTER A CRASH: https://www.nber.org/papers/w23830.pdf
- A World at risk: https://apps.who.int/gpmb/assets/annual_report/GPMB_annualreport_2019.pdf
- Global Financial Stability Report, April 2009 : Responding to the Financial Crisis and Measuring Systemic Risks: https://www.imf.org/en/Publications/GFSR/Issues/2016/12/31/Global-Financial-Stability-Report-April-2009-Responding-to-the-Financial-Crisis-and-22583
------------------
Follow Ben Felix on
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Visit Rational Reminder: https://www.https://rationalreminder.ca/
Follow the Rational Reminder on:
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Visit PWL Capital: https://www.pwlcapital.com/teams/passmore-felix/
PWL Capital Blog Post: https://www.pwlcapital.com/market-crashes/
Follow PWL Capital on:
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You can find the Rational Reminder podcast on
Google Podcasts:
https://www.google.com/podcasts?feed=aHR0cHM6Ly9yYXRpb25hbHJlbWluZGVyLmxpYnN5bi5jb20vcnNz
Apple Podcasts:
https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582?mt=2
Spotify Podcasts:
https://open.spotify.com/show/6RHWTH9iW7hdnA7eAg7ukO?si=hjZNfLKuSjSeWX38GPqhVA
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Transaction
Created
2 weeks ago
Content Type
Language
video/mp4
Controlling
VIDEO
DIVID
dividend-growth-investing
DO NOT TIP. This is an unofficial YouTube mirror of Ben Felix (https://youtu.be/UpXI_Vd51dA).
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-----------------------------
I think that one of the single biggest challenges for investors is understanding that dividends do not matter.
Referenced in this video:
Picking Stocks - https://www.youtube.com/watch?v=AecvTErBQY8
Catch up on the latest investing advice, insights and white papers here.
https://www.pwlcapital.com/teams/passmore-felix/?utm_source=youtube&utm_medium=copy&utm_campaign=ben2019&utm_content=dividend
------------------
Follow me on
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PWL Capital Blog Post: https://www.pwlcapital.com/some-tough-love-about-dividend-investing/
Follow PWL Capital on:
- Twitter: https://twitter.com/PWLCapital
- Facebook: https://www.facebook.com/PWLCapital
- LinkedIn: https://www.linkedin.com/company/pwl-capital/
You can find the Rational Reminder podcast that I co-host with Cameron Passmore on
Apple Podcasts: https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582?mt=2
Google Podcasts: https://www.google.com/podcasts?feed=aHR0cHM6Ly9yYXRpb25hbHJlbWluZGVyLmxpYnN5bi5jb20vcnNz
Spotify Podcasts: https://open.spotify.com/show/6RHWTH9iW7hdnA7eAg7ukO?si=hjZNfLKuSjSeWX38GPqhVA
#investing #dividends #investors
Transaction
Created
2 weeks ago
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video/mp4
Controlling
VIDEO
HOW T
how-the-rrsp-works
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-----------------------------
The RRSP, or registered retirement savings plan, is a special type of account in Canada that gets special tax treatment from the Canada Revenue Agency. It is only an account. The RRSP itself is not an investment.
------------------
Visit PWL Capital: https://goo.gl/uPcXg7
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#rrsp #retirement #savings
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Created
2 weeks ago
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video/mp4
Controlling
VIDEO
IS NO
is-now-the-best-time-to-invest-common-sense-investing-with-ben-felix
DO NOT TIP. This is an unofficial YouTube mirror of Ben Felix (https://youtu.be/X1qzuPRvsM0).
Convince Ben Felix to join Odysee!
-----------------------------
If you have a pile of cash right now, there are a few things that you can do. You can wait for a correction, dollar cost average over time, or invest right now in a lump sum.
I’m Ben Felix, Associate Portfolio Manager at PWL Capital. In this episode of Common Sense Investing, I’m going to tell you why right now is the best time to invest and how to get you the highest expected return...As long as you can handle the ride.
I’ll be talking about a lot more common sense investing topics in this series, so subscribe and click the bell for updates. I want these videos to help you to make smarter investment decisions, so feel free to send me any topics that you would like me to cover.
Referenced in this video:
Dollar-cost averaging just means taking risk later - https://personal.vanguard.com/pdf/s315.pdf
Why Your Financial Advisor Doesn’t Like Index Funds - https://www.pwlcapital.com/why-your-financial-advisor-doesnt-like-index-funds/
A Note on the Suboptimality of Dollar-Cost Everaging as an Investment Policy - https://www.jstor.org/stable/2330513?seq=1
Dollar-cost averaging just means taking risk later - https://static.twentyoverten.com/5980d16bbfb1c93238ad9c24/rJpQmY8o7/Dollar-Cost-Averaging-Just-Means-Taking-Risk-Later-Vanguard.pdf
------------------
Visit PWL Capital: https://goo.gl/uPcXg7
PWL Capital Blog Post: https://www.pwlcapital.com/is-now-a-good-time-to-invest/
Follow PWL Capital on:
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Follow Ben Felix on
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- LinkedIn: https://www.linkedin.com/in/benjaminwfelix/
------------------
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Transaction
Created
2 weeks ago
Content Type
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video/mp4
Controlling
VIDEO
THE P
the-problem-with-small-cap-stocks
DO NOT TIP. This is an unofficial YouTube mirror of Ben Felix (https://youtu.be/uErHwq4M6pg).
Convince Ben Felix to join Odysee!
-----------------------------
In this video I'm going to tell you why you should think carefully about owning small cap ETFs.
You probably won’t be surprised if I tell you that small-cap stocks, in general, have outperformed large-cap stocks over the long-term, even on a risk-adjusted basis, with risk measured as standard deviation. This is well-documented around the world and over time. Small caps were the first market anomaly that challenged the capital asset pricing model and resulted in today’s multi-factor models for asset pricing.
My name is Ben Felix, Associate Portfolio Manager at PWL Capital.
Referenced in this video:
Figuring Out Factor Investing - https://www.pwlcapital.com/figuring-out-factor-investing/
The Delisting Bias in CRSP Data - https://www.jstor.org/stable/2329566?seq=1/subjects
Size Matters, If You Control Your Junk - https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2553889
You can find the Rational Reminder podcast on
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------------------
PWL Capital Blog Post: https://www.pwlcapital.com/devilish-details-can-derail-your-small-cap-stock-funds/
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Follow PWL Capital on:
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------------------
#stockmarket #investing #pwlcapital
Transaction
Created
2 weeks ago
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Language
video/mp4
Controlling
VIDEO
WHAT
what-are-normal-stock-returns
DO NOT TIP. This is an unofficial YouTube mirror of Ben Felix (https://youtu.be/WhYHrHiOS_E).
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-----------------------------
If you’re investing in stocks and bonds, you have surely wondered how your portfolio is doing, and how you should expect it to do going forward. Performance is relative. We would evaluate an active fund manager against an index to see if they are delivering better returns than passively holding the market - they rarely do.
I’m Ben Felix, Associate Portfolio Manager at PWL Capital. In this episode of Common Sense Investing, I’m going to tell you about past and expected financial market returns.
Referenced in this video:
The Credit Suisse Global Investment Returns Yearbook 2018 - https://www.credit-suisse.com/media/assets/corporate/docs/about-us/media/media-release/2018/02/giry-summary-2018.pdf
From The Archives: Fear of Crashing - https://www.worth.com/from-the-archives-fear-of-crashing/
Great Expectations Paper: http://bit.ly/2Efk1jm
------------------
Visit PWL Capital: https://goo.gl/uPcXg7
PWL Capital Blog Post: https://www.pwlcapital.com/whats-a-normal-stock-return/
Follow PWL Capital on:
- Twitter: https://twitter.com/PWLCapital
- Facebook: https://www.facebook.com/PWLCapital
- LinkedIn: https://www.linkedin.com/company-beta/105673/
Follow Ben Felix on
- Twitter: https://twitter.com/benjaminwfelix
- LinkedIn: https://www.linkedin.com/in/benjaminwfelix/
------------------
Video channel management, content strategy & production by Truly Inc.
- Website: http://trulyinc.com
- Twitter: https://twitter.com/trulyinc
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Created
2 weeks ago
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video/mp4