Weekend Reading: Canadian Financial Summit 2021 Edition

Weekend Reading: Canadian Financial Summit 2021 Edition

The Canadian Financial Summit is back once again this fall with a terrific line-up of 35+ personal finance experts, including yours truly, to tackle the burning financial questions facing us today.

You’ll hear from PWL Capital’s Ben Felix, Millionaire Teacher Andrew Hallam, The Globe and Mail’s Rob Carrick, consumer advocate Ellen Roseman, along with long-time personal finance bloggers Barry Choi, Tom Drake, Mark Seed, Bob Lai, and Stephen Weyman.

Topics discussed in this year’s online Summit include:

  • Buy back your family time with FIRE
  • How much does it cost to travel FOREVER?
  • How to take a tax holiday by working outside of Canada
  • Want an Unlimited TFSA? Try moving to these countries with territorial taxation
  • Are dividend stocks in a bubble?
  • The risks of investing in cryptocurrency
  • Should I have Bitcoin in my Portfolio?
  • Maximize the New Aeroplan and Post-Covid travel plans
  • Don’t let FOMO ruin your investment returns
  • Maximize Work From Home tax tips in a Post-Covid World
  • Will the Canadian Housing bubble finally pop?
  • How to setup a corporation, invest within it, and then pay yourself
  • The BEST ETFs in Canada
  • Why self-made dividends are better than ordinary dividends in every way!

I was happy to chat with co-host Kyle Prevost earlier this summer when we filmed our session about how not to let FOMO (fear of missing out) ruin your investment returns. It’s a topic at the forefront over the past 18 months as cryptocurrencies and meme stocks soared by triple and quadruple digits.

My session with Kyle goes live on September 23rd, alongside Ben Felix’s discussion about factor investing, and Andrew Hallam’s chat about investing and spending for happiness, health and wealth.

How to Check Out The Canadian Financial Summit

In order to “reserve your tickets” and make sure that you will get your Summit Launch email, simply click here, sign up, and they’ll email the tickets over right away.

When the Summit starts, you’ll be sent an email each day with the link to the sessions that go LIVE for the next 48 hours.

That’s it. There’s no paperwork. No need to put in payment information that you have to cancel later. No worries.

The Summit will kick off with a live webinar on September 22nd and is absolutely free to view for that weekend.

If you want to check out the videos after their free window has passed (and get access to a whole smorgasbord of bonus resources and video sessions) then you’ll want to sign up for the All Access Pass. Don’t miss out on the Early Bird Pricing, as the price jumps up as the Summit begins.

How Do I Sign Up?

Just head on over to the Canadian Financial Summit, sign up for free, and be automatically entered to win one of the free Premium All Access Passes they will giving away when the event goes LIVE on October 14th.

Here is the link again for the free access to all the talks.

Good Luck!

P.S. Where are else are you going to find all of these experts in one place? AND you don’t even have to leave the comfort of your couch!

See you at the conference!

Promo of the Week:

Our friends at Credit Card Genius have outdone themselves with this one. Introducing GeniusCash.

We already know Credit Card Genius should be your first stop when you’re in the market for a new credit card. Now when you’re on the site, choose a credit card with a GeniusCash icon, apply for the card through Credit Card Genius, wait for your application to be approved, and you’ll receive your free GeniusCash via PayPal.

GeniusCash offers currently range from $75 to $100 depending on the card you sign up for. Current offers include:

  • BMO CashBack World Elite MasterCard
  • Tangerine Moneyback Credit Card
  • Scotia Momentum Visa Infinite Card
  • Scotiabank Gold American Express Card
  • Scotiabank Passport Visa Infinite Card

Credit Card Genius has the most comprehensive credit card rating system in Canada, analyzing 126 data points to recommend the best card for your situation.

DIY Investing Course?

I frequently get asked if I will ever create a course for DIY investors to learn how to set up their own portfolio of ETFs. The truth is that everything I would include in the course already exists for free at Justin Bender’s Canadian Portfolio Manager blog.

He tells investors to take these steps to build a successful portfolio of index ETFs:

  1. Choose your portfolio’s asset allocation by taking this investor questionnaire to assess your risk tolerance.
  2. Use that information to select the appropriate asset allocation ETF from providers such as Vanguard, iShares, and BMO.
  3. Buy your asset allocation ETF (Justin suggests Questrade for small accounts and BMO InvestorLine for larger accounts)
  4. Only for those using non-registered (taxable) accounts – track the adjusted cost base of your ETF.

When I took the Vanguard investor questionnaire I got the following results:

Vanguard investor questionnaire

I would then select the appropriate asset allocation ETF. I chose Vanguard’s All Equity ETF (VEQT).

I use three different discount brokerage platforms, including Wealthsimple Trade, Questrade, and TD Direct Investing. I’d suggest sticking with one platform for simplicity.

Finally, for those tracking their adjusted cost base in non-registered (taxable) accounts I’d suggest using the website adjustedcostbase.ca.

That’s it – there’s your free DIY investing course for a simple index portfolio thanks to PWL Capital’s Justin Bender.

Weekend Reading:

Here’s a few good suggestions on how to invest after you’ve maxed out your RRSP and TFSA.

From Psychology Today, here are 10 amazing results from cultivating a life of purpose.

Why Evidence Based Investor Robin Powell thinks the 1% advice fee is toast:

“Expressed as percentages, investment costs seem relatively insignificant. But they add up and, just like returns, they compound. So you don’t just lose the amount of fees you pay; you also lose all the growth that money might have had for years into the future.”

A financial psychologist says the number one money bias that hurts investors the most is something called herd mentality.

Morningstar’s Christine Benz calls semi-retirement a “phenomenon”:

“It’s a trial run, an experiment, to see what retirement might actually feel like. It can be valuable to think things through living out your days in the way you expect to when you’re retired.”

As new mortgages continue to surge to record highs, home equity lines of credit have also jumped almost 57% to the highest level in a decade.

Finally, from A Wealth of Common Sense blogger Ben Carlson (who lives in the US), why he may never pay off his mortgage.

Have a great weekend, everyone. And don’t forget to sign up for the Canadian Financial Summit!

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1 Comment

  1. David @ Filled With Money on September 8, 2021 at 8:18 pm

    Great topics of discussion! It’s great that the topic of cryptocurrency is becoming much more mainstream and that more people are actually talking about it.

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