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The Case For Renting A Home Part 1 | Common Sense Investing
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Canadians really like real estate. It’s hard not to be excited when prices in hot markets like Toronto and Vancouver have been making global headlines. Around two-thirds of Canadians own their home, and the perception is generally held that owning your home is a smart investment.
In this episode of Common Sense Investing, I’m going to tell you why renting a place to live is not a waste of money. I’ll be talking about a lot more common sense investing topics in this series, so subscribe, and click the bell for updates.
This is part one of the series on renting a home. Watch the second episode here: https://youtu.be/xprFz1CJu6E .
Referenced in this video:
Canadian Home Ownership Rate - https://tradingeconomics.com/canada/home-ownership-rate
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PWL Capital Blog Post: https://www.pwlcapital.com/the-case-for-renting-a-home-part-1/
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stocks-bonds-and-war
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Wars and financial markets have coexisted, and often been intertwined, for hundreds of years. Countries that have lost major wars have had their financial markets decimated, while global markets have been relatively resilient, even to major conflicts. Despite the relative resilience of global markets, crises and wars tend to reduce global market returns and increase their volatility.
Special Rational Reminder episode: https://rationalreminder.ca/podcast/special-episode-stock-bonds-and-war
Referenced in this video:
War, Peace and Stock Markets: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=885980
ICB Project: https://sites.duke.edu/icbdata/
WHY DOES STOCK MARKET VOLATILITY CHANGE OVER TIME?: https://www.nber.org/system/files/working_papers/w2798/w2798.pdf
Earning from History? Financial Markets and the Approach of World Wars: https://www.brookings.edu/wp-content/uploads/2008/03/2008a_bpea_ferguson.pdf
The General Theory of Employment: https://macroeconomiauca.files.wordpress.com/2012/05/keynes_general_theory_of_employment_qje_1937.pdf
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Created
1 year ago
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Controlling
VIDEO
RENTI
renting-vs-buying-a-home-the-5-rule
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-----------------------------
Please note that while this content is broadly applicable, it was originally intended for a Canadian audience.
You can't compare rent to a mortgage payment. This way of thinking about the rent versus buy decision is extremely flawed. Comparing a mortgage payment to rent is not an apples to apples comparison. In order to properly assess the rent versus buy decision, we need to compare the total *unrecoverable costs* of renting to the total unrecoverable costs of owning.
That may sound like a complicated task, but I have boiled it down to a simple calculation.
Referenced in this video:
The Case for Renting a Home – Part 1 - https://www.pwlcapital.com/the-case-for-renting-a-home-part-1/
The Case for Renting a Home – Part 2 - https://www.pwlcapital.com/the-case-for-renting-a-home-part-2/
The Case for Renting - https://www.pwlcapital.com/resources/the-case-for-renting/
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
Read up on more 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=5percent
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PWL Capital Blog Post: https://www.pwlcapital.com/rent-or-own-your-home-5-rule/
Follow PWL Capital on:
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You can find the Rational Reminder podcast on
Google Podcasts:
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https://open.spotify.com/show/6RHWTH9iW7hdnA7eAg7ukO?si=hjZNfLKuSjSeWX38GPqhVA
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Created
1 year ago
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VIDEO
DIVID
dividend-growth-investing
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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
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Follow me on
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#investing #dividends #investors
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VIDEO
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should-you-currency-hedge-your-portfolio-common-sense-investment-with-ben-felix
DO NOT TIP. This is an unofficial YouTube mirror of Ben Felix (https://youtu.be/K3flJjh00gA).
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This video is in response to a question from abe on LinkedIN. Abe wanted to know if he should hedge the foreign currency exposure of his equities when the Canadian dollar is weak.
There is no question that investing globally is beneficial. Diversification is the best way to increase your expected returns while decreasing your expected volatility. Diversification is, after all, known as the only free lunch in investing. When you decide to own assets all over the world, you are not just getting exposure to foreign companies, but also to foreign currencies.
I’m Ben Felix, Associate Portfolio Manager at PWL Capital. In this episode of Common Sense Investing, I’m going to help you decide if you should currency hedge your portfolio.
Referenced in this video:
Hedging Currencies with Hindsight and Regret - https://www.researchgate.net/publication/228289045_Hedging_Currencies_with_Hindsight_and_Regret
Long-term asset returns - http://lbsresearch.london.edu/id/eprint/959/
------------------
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PWL Capital Blog Post: https://www.pwlcapital.com/should-you-currency-hedge-your-portfolio/
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Created
1 year ago
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VIDEO
THE S
the-suitability-standard
DO NOT TIP. This is an unofficial YouTube mirror of Ben Felix (https://youtu.be/BGAw8neoFRE).
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In this episode of Common Sense Investing, I’m going to tell you about some of the common ways that financial advice can be affected.
Through their regulatory organizations, most financial services professionals are obligated to offer their clients an investment that is suitable. Suitability is a broad term, and there are lots of other factors that may affect the advice that you receive. Let's go over these ending with my opinion on what's the single most logical way to invest.
My name is Ben Felix of PWL Capital and this is Common Sense Investing. 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 in the comment section below!
Referenced in this video:
Is Now a Good Time to Invest? - https://www.pwlcapital.com/is-now-a-good-time-to-invest/
------------------
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PWL Capital Blog Post: https://www.pwlcapital.com/how-does-a-financial-advisor-decide-what-to-invest-your-money-in/
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Transaction
Created
1 year ago
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Controlling
VIDEO
REAL
real-estate-investment-trusts-reits
DO NOT TIP. This is an unofficial YouTube mirror of Ben Felix (https://youtu.be/IzK5x3LlsUU).
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Investing in a REIT gives you access to a liquid diversified portfolio of real estate assets, without the need to manage anything on your own. This makes some of the biggest issues with direct real estate investing like illiquidity, management intensiveness, and the inability to properly diversify, go away completely. Just like with stocks, it is possible to buy a low-cost index fund of REITs.
Referenced in this video:
iShares Core S&P/TSX Capped Composite Index ETF - https://www.blackrock.com/ca/individual/en/products/239837/ishares-sptsx-capped-composite-index-etf?switchLocale=y&siteEntryPassthrough=true
iShares Core S&P Total U.S. Stock Market ETF - https://www.ishares.com/us/products/239724/ishares-core-sp-total-us-stock-market-etf
iShares Core MSCI EAFE IMI Index ETF - https://www.blackrock.com/ca/individual/en/products/251421/ishares-msci-eafe-imi-index-etf
Real Estate Betas and the Implications for Asset Allocation - https://joi.pm-research.com/content/27/1/109
Are REITs a Distinct Asset Class? - https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2965146
FTSE Canadian Capped REIT Index ETF (VRE) - https://www.vanguardcanada.ca/individual/indv/en/product.html#/fundDetail/etf/portId=9559/assetCode=equity/?overview
BMO Equal Weight REITs Index (ZRE) - https://www.bmo.com/assets/pdfs/gam/etf/a-mrfp/en/A_MRFP_ZRE_E.pdf
iShares S&P/TSX Capped REIT Index ETF (XRE) - https://www.blackrock.com/ca/individual/en/products/239843/ishares-sptsx-capped-reit-index-etf
iShares S&P Small-Cap 600 Value ETF (IJS) - https://www.ishares.com/us/products/239775/ishares-sp-smallcap-600-value-etf
Vanguard Small-Cap Value ETF (VBR) - https://investor.vanguard.com/etf/profile/VBR
Vanguard’s Global ex-U.S. Aggregate Bond Index ETF (CAD-hedged) (VBG) - https://www.vanguardcanada.ca/individual/indv/en/product.html#/fundDetail/etf/portId=9568/assetCode=bond/?overview
S. Aggregate Bond Index ETF (CAD-hedged) (VBU) - https://www.vanguardcanada.ca/individual/indv/en/product.html#/fundDetail/etf/portId=9567/assetCode=bond/?overview
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=reits
------------------
Follow me on
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PWL Capital Blog Post: https://www.pwlcapital.com/reconsidering-reits-in-your-investment-portfolio/
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#investing #strategies #marketefficiency
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Created
1 year ago
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video/mp4
Controlling
VIDEO
THE S
the-stock-market-vs-the-economy
DO NOT TIP. This is an unofficial YouTube mirror of Ben Felix (https://youtu.be/0ECqDaPjjV0).
Convince Ben Felix to join Odysee!
-----------------------------
It is easy for investors to see economic news, like unemployment or GDP data, and get worried or excited about the impact that it will have on their investments. But there is something that many investors don’t realize. The stock market is not the economy, and the economy is not the stock market.
Referenced in this video:
- Inverted Yield Curves and Expected Stock Returns: https://famafrench.dimensional.com/media/467645/inverted-yield-curves-and-expected-stock-returns-july-28-2019.pdf
- Is Economic Growth Good for Investors?: http://csinvesting.org/wp-content/uploads/2015/05/Jay_Ritter_paper_14_August-Economic-Growth-and-Stock-Returns.pdf
- Earnings Growth: The Two Percent Dilution: https://www.researchaffiliates.com/documents/FAJ-2003-Two-Percent-Dilution.pdf
------------------
Follow Ben Felix on
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Visit Rational Reminder: https://rationalreminder.ca/
Follow the Rational Reminder on:
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Visit PWL Capital: https://www.pwlcapital.com/teams/passmore-felix/
Follow PWL Capital on:
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You can find the Rational Reminder podcast on
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Created
1 year ago
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video/mp4
Controlling
VIDEO
THE I
the-index-fund-bubble
DO NOT TIP. This is an unofficial YouTube mirror of Ben Felix (https://youtu.be/Wv0pJh8mFk0).
Convince Ben Felix to join Odysee!
-----------------------------
A lot of people are worried about how index funds might affect the integrity of the stock market. At the extreme, people have even compared index funds to the collateralized debt obligations that sent the global financial market into crisis in 2008.
I am going to tell you why index funds are not creating a bubble.
Referenced in this video:
Are Index Funds Communist? - https://www.bloomberg.com/opinion/articles/2016-08-24/are-index-funds-communist
'Big Short' investor Michael Burry explains why a wildly popular investing vehicle reminds him of the rotten securities that once crashed the economy - https://markets.businessinsider.com/news/stocks/big-short-investor-michael-burry-compares-index-funds-to-cdos-2019-9-1028497876
A Common Sense Confession: I’ve Been Unfaithful to Market-Cap Weighting - https://www.pwlcapital.com/common-sense-confession-unfaithful-market-cap-weighting/
Index Investing Supports Vibrant Capital Markets - https://www.blackrock.com/corporate/literature/whitepaper/viewpoint-index-investing-supports-vibrant-capital-markets-oct-2017.pdf
Setting The Record Straight: Truths about indexing - https://personal.vanguard.com/pdf/ISGBEL.pdf
On the Impossibility of Informationally Efficient Markets - https://papers.ssrn.com/sol3/papers.cfm?abstract_id=228054
Disagreements, Tastes, and Asset Prices - https://www.sciencedirect.com/science/article/abs/pii/S0304405X06001954
Passive Asset Management, Securities Lending and Stock Prices - https://www.law.nyu.edu/sites/default/files/Paper_P%26S_Darius.pdf
------------------
Follow me on
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Visit PWL Capital: https://www.pwlcapital.com/teams/passmore-felix/
PWL Capital Blog Post: https://www.pwlcapital.com/there-is-no-such-thing-as-an-index-fund-bubble/
Follow PWL Capital on:
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------------------
#indexfunds #investing #stockmarket
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1 year ago
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WHAT
what-is-bitcoin-common-sense-investing-with-ben-felix
DO NOT TIP. This is an unofficial YouTube mirror of Ben Felix (https://youtu.be/EYPCLsy8rwQ).
Convince Ben Felix to join Odysee!
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Within the past decade, Bitcoin has gone from being a fringe idea proposed in a paper written by a mysterious author, to a mainstream technology that some people are treating as a new asset class.
But is it a cash flow generating asset, a commodity, a currency, or a collectable? In today's episode of Common Sense Investing, I'll tell you a thing or two about Bitcoin, and why it's quite unlike any other investment.
I’ll be talking about a lot more common sense investing topics in this series, so subscribe, and click the bell for updates. I’d also love to read your thoughts and questions about this video in the comments below.
------------------
Visit PWL Capital: https://goo.gl/uPcXg7
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------------------
Video channel management, content strategy & production by Truly Inc.
- Website: http://trulyinc.com
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