In the debut episode of the Canadian Portfolio Manager podcast, we kick things off by helping you choose which Vanguard Asset Allocation ETF is right for you. During the show, Justin estimates the future expected returns of these one-fund solutions, and also discusses the reasons for their overweight to Canadian stocks. At the end of the podcast, personal finance expert, Robb Engen (of Boomer and Echo fame), asks Justin whether he should optimize his portfolio to save on product fees and taxes.
- Using Vanguard’s Investor Questionnaire as a starting point to determining a suitable portfolio mix between stocks and bonds [0:02:54.1]
- Why you shouldn’t buy any of these ETFs if you need the cash back in less than 5 years [0:04:17.1]
- Picking the best asset allocation ETF for your time horizon [0:05:03.1]
- Why you should pay more attention to your willingness to take risk, rather than your ability to take risk [0:06:04.1]
- Considerations for new investors who want to dive head first into an aggressive all-equity portfolio [0:08:50.1]
- How to estimate the future returns on stocks and bonds [0:10:53.1]
- The underwhelming expected returns for VCIP, VCNS, VBAL, VGRO and VEQT [0:18:28.1]
- ETF Kombat: VGRO vs. XGRO [0:20:24.1]
- The “optimal” split between Canadian and foreign stocks in your portfolio [0:24:17.1]
- Is a more complicated portfolio worth the hassle (featuring Robb Engen)? [0:33:12.1]
Blog posts/resources discussed in this episode:
- Choosing Your Ideal Vanguard Asset Allocation ETF
- Foreign Withholding Tax Calculator
- Expected Returns for the Vanguard Asset Allocation ETFs
- Giving Currency to Currency-Hedged Global Bond ETFs
- Expected Returns of Currency-Hedged Global Bond ETFs
- Home Bias in the Vanguard Asset Allocation ETFs
- Canadian Portfolio Manager (CPM) Model Portfolios
- Canadian Couch Potato (CCP) Model Portfolios
- Breaking Up With Your Vanguard Asset Allocation ETF
- More Alternatives to Vanguard’s Asset Allocation ETFs
- When Should I Dump VEQT (or Should I?)
Hi Justin,
I am suffering from analysis paralysis and can’t decide between XGRO and VGRO. Could you please help me decide? The entire internet says it doesn’t make a difference, but I still have to pick one anyway and it will be my whole portfolio (~400k). I thought of building a portfolio with a few ETFs, but I am sincerely intimidated by tracking ACB and tax implications given that I am very new at all this. Could you please tell me which one you prefer (even if it’s marginal)? And since I don’t have to keep track of ACB on registered accounts and I am having trouble deciding, I even thought about buying one on registered and the other on unregistered accounts. Would that make sense? If yes, which one would you buy where?
I would really really appreciate your help! Thank you!
@Kyle: I tend to favour Vanguard (but only because Jack Bogle was the reason I became an index investor in the first place). In my own portfolio, I hold a mix of XBAL and VBAL (along with numerous individual ETFs), but I only bought XBAL because I was testing out the PACC feature on XBAL at Questrade for a blog post.
If you’re still having trouble deciding, your idea of buying one of them in your registered account and the other one in your taxable account seems like a good option.
Thank you very much for replying Justin!
In that case, which one of them would you hold in the registered accounts? Is there any diference in taxation that makes one of them better in a taxable account?
And just to be sure, there is no tracking (ACB or other) necessary with ETFs on registered accounts, right?
@Kyle: Honestly, they are both very similar from a tax perspective (give or take a couple basis points). Flip a coin – heads, you buy XGRO in your taxable, tails you buy XGRO in your registered ;)
Correct! There is no ACB tracking necessary for ETFs held in registered or tax-free accounts :)
Dear Justin,
Thanks to your great blog and to your answers here, I finally decided what ETF to buy and got started at investing. I bought ~180k of VGRO last week. It was very difficult, given the situation the world is in and how expensive the stock market seems right now. Today I have been felling anxious about my decision, and wondering if I should have cost averaged that large amount over weeks of months. I know that in theory lump sum is the preferred option (and that’s why I did it), but I can’t help but feel uncertain about my decision. What do you think? Did I make a mistake? Would you have cost averaged slowly into the market in my situation? Or jumped in like I did?
I would love to read you answer! Thank you!
@Kyle: I’m glad you’ve been finding the blog and comments useful. In regards to your question, if you’re having second thoughts about investing, it may indicate that you are not as comfortable with your chosen asset allocation (80% stocks / 20% bonds).
Whenever you’re considering investing any savings into VGRO, make sure you’re comfortable losing 40% of it the very next day. Dollar cost averaging is not going to save you over the long-term – eventually, you will be fully invested, and the stock markets won’t care about your past implementation strategy.
https://canadianportfoliomanagerblog.com/choosing-your-ideal-vanguard-asset-allocation-etf/
I understand all that and the whole philosophy behind investing for the long term (a lot of it thanks to you!). I am not having second thoughts about investing or the 80/20 of VGRO. It’s just about remaining liquid or dollar cost average in this times of much uncertainty. I feeling of “I waited this long, why go all in RIGHT NOW”. It’s just feels like it may be a regrettable decision. I tried and just pulled the bandaid out, but buying high during these times got to me a bit, if that makes sense. For someone going all in for the first time, do you think would be best to wait for the storm to calm down a bit? Or now is always better than later? Thank you for answering so many of my questions BTW!
@Kyle: The recent pandemic is not the only period of uncertainty investors have faced historically, and it won’t be the last. Will you sell VGRO when the next stock market uncertainly arises, and then dollar cost average back in? If not, why would you do it now (it’s the same thing)?
Now is not always better than later (that’s the issue with uncertainty). Again, I would suggest ignoring everything you’ve read online about how you should be in an aggressive asset mix, and pick an asset allocation ETF that you’re comfortable with to start your investing journey (VGRO may not be the right one … and that’s totally okay).
@Justin: This is the last reply, I promise :) This is just to say thank you! Thank you for all the great information you provide online, helping improve one’s financial literacy! Thank you for the multiple personal replies to my questions! THANK YOU! You do really outstanding work sir. I wish you nothing but health and success!
@Kyle: It’s comments like this one that make it all worthwhile :)
Wishing you all the best, Kyle!
I personally went with XGRO due to the lower MER, and stronger US allocation for stocks.
This article does a good comparison specifically between XGRO and VGRO for those interested. It definitely pointed out a few things I wasn’t thinking of, and helped me decide: https://creditcarrots.com/xgro-vs-vgro/
@Jamie Ingles: I prefer this article, but I’m a bit biased ;)
https://canadianportfoliomanagerblog.com/canadian-portfolio-manager-introducing-the-light-etf-portfolios/
(I am still learning, it is possible I am completely missing the point)
In the ETF Kombat it is mentioned that XGRO is over weighting the US stocks compared to VGRO.
I did read from multiple sources that it is better to keep US Equities in an RRSP account.
If I followed properly, would it make more sense to keep XGRO as a one fund solution for an RRSP account?
@Marc: The sources that discuss keeping U.S. equities in an RRSP are referring to U.S. equities that trade on the U.S. stock market (so they avoid the 15% foreign withholding tax when held in an RRSP). The U.S. equities held by XGRO and VGRO do not receive this same tax benefit, so they would be subject to the 15% tax on U.S. dividends in an RRSP.
https://canadianportfoliomanagerblog.com/part-i-foreign-withholding-taxes-for-equity-etfs/
https://canadianportfoliomanagerblog.com/part-ii-foreign-withholding-taxes-for-global-equity-global-bond-and-asset-allocation-etfs/
https://canadianportfoliomanagerblog.com/tax-me-if-you-can-foreign-withholding-taxes-on-etf-distributions/
The advice on keeping U.S. equities in your RRSP is outdated as well. With the low dividend yields on U.S. stocks, they can also be tax-efficient in a taxable account. The decision would depend on your overall asset location strategy and your personal tax situation.
Would the VGRO vs. XGRO result change if the battle is taking place at “Scotia iTrade stadium”? (i.e. XGRO being commission-free and VGRO being $9.99 a trade)
@Ari: Haha – I guess it would depend how many trades you’re placing.
But either XGRO or VGRO would be great options ;)
Hi Justin,
I am looking to invest around $140,000 in my TFSA/RRSP which is right now holding PSA.TO into either XGRO or XBAL. I was going to go with XGRO but after listening to your podcast I am torn between the XGRO and XBAL. I am 35, and have a stable income and have another $15,000 in a HISA as my emergency fund. The money I am investing is for my retirement and future. I do not need access to this money in the near future.
I have taken the Vanguard risk assessment test you can find online and it suggests 80% equities and 20% fixed income. But again listening to your podcast the difference between XGRO and XBAL is an estimated 0.8% which is not a lot. I have also never been through a market downturn.
What would you suggest I pick?
@vP: As you can appreciate, I can’t make that decision for you. But if you’re having doubts, this could indicate that you may have a lower risk tolerance than the questionnaire would have you believe. As you mentioned, your ability to take risk is high (but that doesn’t mean you necessarily should take more risk).
Would you be more comfortable starting with a balanced ETF, like XBAL? If so, you could always switch to XGRO at any point in the future.
Hello! looking forward to consume all yournpodcast like I just did for Dan’s all episodes
My problem is I don’t find a way to download yours? My only way to listen to this is to dowload it on mp3 on a usb stick like I do with all my podcasts and listen them at work this way. But I don’t see a download button or something…..??
thanks for your help!:)
Dominic
@Doum: Thanks for listening! You should be able to download the first episode via your favourite podcast service (such as iTunes, Spotify, etc.).
https://podcasts.apple.com/ca/podcast/canadian-portfolio-manager-podcast/id1486242577
https://open.spotify.com/show/0mdn4e6sTJaMUVdQN2fTvB
Hi Justin,
Very interesting podcast! In the ETF Kombat segment, you compared VGRO and XGRO, but you didn’t talk about ZGRO, the BMO AA ETF. What do you think of ZGRO vs XGRO vs VGRO? For me, ZGRO could be a great option, as it has the same low MER XGRO has, but the asset allocation seems more interesting with less weight to US and more to emerging markets. I’m searching online but I’m mostly seeing comparisons between VGRO and XGRO, ZGRO is always ignored. Maybe you could provide your thoughts on ZGRO compared to the 2 other options? Please keep doing more of those podcasts please! Thank you very much!
@Vincent Gagnon: I’ll definitely keep doing more podcasts (the next one is ready to go…just waiting for compliance approval). If you liked episode 1, please feel free to review it on iTunes :)
I considered doing a “3-ETF Kombat” with VGRO/XGRO/ZGRO, but figured it would be too confusing (so I went with the most popular two ETFs). ZGRO is still a great fund as well. It’s current foreign equity asset mix is similar to a market-cap weighted approach (like VGRO), so I do appreciate that aspect over XGRO’s weightings.
I only see two downsides to ZGRO:
1. ZGRO only includes large U.S. stocks (S&P 500), and large + mid-sized international and emerging markets stocks (MSCI EAFE + EM), while XGRO and VGRO both include large, mid and small-cap stocks.
2. No one knows how to properly pronounce ZGRO’s ticker symbol (I mean, is it “Zed-GRO”, or “Zee-GRO” ;)
Hi Justin. I have a question about my portfolio. I am new to investing and have opened a DIY account with Questrade. I have opened two TSFA’s and one RRSP account. I am using the VBAL scenario for the first TSFA and the VGRO for the second TSFA. For the RRSP account I setup the 3-tier model from your samples. My question:1) Is is good practice to have more than one TSFA and more than one RRSP account? Can I open more than one TSFA and invest in different stocks and bonds? The 3-tier and 5-their lets me use Ishares, BMO and Vanguard in separate accounts. I don’t have anyone else to ask because the people I know don’t invest.
@colangeloc: You generally don’t need more than one TFSA and one RRSP (unless it’s a U.S. dollar RRSP).
If you’re just starting out, the Vanguard Asset Allocation ETFs are a good place to start (you don’t need to use 3-ETF or 5-ETF portfolios at the beginning).
As your RRSP grows in value, you could consider switching to a 3-ETF or 5-ETF portfolio, which includes U.S.-listed foreign equity ETFs (this would reduce your product costs and unrecoverable foreign withholding taxes).
If you haven’t done so already, please feel free to listen to episode 1 of the podcast, which answers a number of these questions.
Hi Justin, your previous article about GICs vs bond ETFs concluded that GICs are more tax-efficient in a non-registered account. So in a registered account, is there any advantage of holding GICs over bond ETFs? If there is no advantage, I might as well do bond ETFs for the fixed income part of my TFSA and RRSP for liquidity.
@SD: GICs tend to have similar yields but less term risk than a broad-market bond ETF, so some investors may still prefer GICs over bond ETFs in an RRSP.
Sorry for the dumb question but what does term risk mean?
@SD: Not a dumb question at all! Term risk (a.k.a. maturity risk or interest rate risk) is generally considered to be the risk that your fixed income securities could decrease in value with an increase in interest rates. All else equal, longer-term bonds have more term risk than shorter-term bonds.
https://www.investopedia.com/terms/i/interestraterisk.asp
Great information and podcast! A very thorough consideration of ETFs and in which circumstances they are most appropriate.
I was shocked, however, not to hear a single Bender quote!… I’m hoping the next one starts with “I’m back, baby!”
@Julie: Glad you enjoyed it!
Funny you should mention that – I originally had the quote “And that’s why they call me Bender the Magnificent”, but took it out ;)
I should be able to easily squeeze in the “I’m back, baby!” quote for the next one :)
Hey Justin. Thanks for the post and podcast! You mentioned that TD Direct has limitations regarding Norbert’s Gambit. Is the same true for Questrade?
@Steven Patterson: You’re welcome!
The same would be true at Questrade (it takes time for the gambit transaction to be processed).
Hi Justin,
Great episode. I am so excited about this new podcast.
Also I have a question. Let’s say I am holding two funds in my portfolio: bond (30%) and equity (70%). During a market downturn which causes me the need to withdraw from my portfolio, is it better to withdraw proportionally from my portfolio (30%/70%) or only withdraw from my bond portion knowing that the bond fund value shouldn’t decrease too much like the equity fund and the equity fund value should eventually recover (so it is better not to touch the equity portion?)? Thank you.
@Rex Lam: Thanks for listening! Generally, an investor would want to withdraw from whichever asset class is overweight, relative to its target (in the case of a stock market downturn, it would likely be the bonds).
However, you may want to have a cash allocation as well if you’re withdrawing from the portfolio, and also review your target asset mix to ensure it is conservative enough based on your expected withdrawal amounts (i.e. if you’re withdrawing relatively large amounts, you may need a higher allocation to cash and fixed income).
Justin,
Thanks for the great content.
I have been reading your and Dan’s blogs for quite some time, thanks for all the amazing work.
One question I have is on iShares ETF purchase using Questrade? As you’d know, Questrade allows you to buy most of the iShares ETF via their platform with an automatic purchase plan. One can authorize a fixed dollar amount monthly/quarterly and the amount will get deducted from the bank account and ETF units will be purchased automatically for you. It offers couple of advantages:
– no fee to purchase the ETFs (no minimum no. of units)
– low fee (say XGRO for 0.2 %)
– takes care of behavioral bias (timing)
– no need to log onto Questrade website and make purchase manually
I wonder why this option doesn’t get as much weight from you as I believe it deserves. Am I not able to see some serious flaw with the strategy?
Would you be kind enough to either answer it here or discuss the pros and cons in a future podcast?
Thanks
@Vivek: The ETF Kombat segment is meant to be light-hearted, so it doesn’t need to be taken so seriously. VGRO happens to be my preferred option, but XGRO is arguably just as good, or better (depending on what you value). I haven’t tried out the automatic investing myself, but this could be an interesting option for some investors.
I don’t mind logging in and placing a couple trades each month. It also gives me an opportunity to check things out to ensure there are no errors in my transaction histories.
In the end, it’s a matter of preference. I don’t plan on comparing a terrible ETF with a great ETF on future ETF Kombat segments (they will always both be decent options), so please feel free to use whichever ETF you like the best.
There used to be a 5 yr GIC ladder etf. Does it still exist?
@Al: I had heard (BMO?) created a 5-year GIC fund years ago – I don’t believe it exists still.
Is your podcast on Apple? Please update the link
@Ladi: It doesn’t appear to be on Apple yet (I do see it on Google, Spotify and Outcast though).
Really enjoyed the podcast, Justin. I was sad to see Dan’s CCP Podcast take a permanent hiatus so I’m really thrilled to hear your voice being added with a fresh concept for a show. I even wrote a review of you on my blog.
Hey, is it possible to say “V-equity” instead of “V-E-Q-T”? I feel like this will be more palatable to my ears and let’s face we already do this with VGRO. Thanks and looking forward to the next episode.
@Ryan Myricks: Thanks for listening (and for writing a review of the podcast on your blog “canadianfire.ca” – clever name, by the way ;)
Hopefully I won’t need to say “V-E-Q-T” much on the podcast going forward. Perhaps I could pronounce it “VEE-Cutie”? :)
Amazing, simply!
Thank you Justin!
Best regards,
@JFLD: You’re very welcome – glad you enjoyed it :)
Could you please upload this to your youtube channel?
@SAHILL MOHAN: Sure thing – I’ll send the request to our marketing team.
Hi Justin, your FWT calculator seems to have vanished from the calculators page.
@gsp: Weird. I can’t see it when I look up the page on my iPhone, but when I use my laptop, it’s still there. Please try looking it up on a different device for now, and I’ll speak to my website administrator about the glitch.
The disappearing act was indeed on my iPhone.
I’d saved a direct link in my bookmarks and it now gives a 404 error.
https://canadianportfoliomanagerblog.com/wp-content/uploads/2019/02/CPM-Foreign-Withholding-Tax-Calculator-2019.xlsx
Thanks for looking into it.
Back with the other calculators on iPhone. URL slightly different from the one I’d previously saved. Thanks Justin.
@gsp: Glad to hear – thanks for letting me know.
Great episode. As always, solid content. It took me a while to listen to this because I couldn’t find it on my podcast client (Google Podcasts or BeyondPod (paid for this 6 years ago)). I listened to it on a surface where I had reception (as opposed to subway commute) – I did download the audio file but it was inconvenient to do so manually through a phone browser. Normally, with a podcast client/app, I speed things up to 2x, otherwise, I fall asleep.
Content:
Amazing, I can tell dozens of hours went into the production here. It was introduced at a great pace, depth, and breadth – especially for the first episode. The soundbites were funny. I actually looked some of them up online, like the “I will give you 5 dire choices that will make your life a misery.” “I choose 3”. These were amazing: well-chosen, and well-timed. Since I’m fairly advanced, I didn’t learn too too much (rehashing the basics of what I knew) but to a beginner, this would have been informative.
Presentation Quality:
In Toastmasters, we’d say that you need more vocal variety. I was falling asleep despite good content and humourous sound bites, maybe because I couldn’t speed it to 2x because I couldn’t get the podcast into the podcast app/client. So you want to have more stress, intonation, and character to your voice to keep it interesting and hammer down the important points and concepts. In English, our sentence stress is on the important words and concepts. If you are flat/monotone then important stuff can seep out into our non-attention but also, expression/liveliness improves communication.
Complexity:
You can always start with the basics and go complex later on. Your value, with your CFA/CFP and experience, is to go into complex matters. There are so many people that can cover the basics (Mo’ Money)? But at the same time, you’ll lose lay people that will make up the bulk of the audience…But at the same time, what layperson will look for and subscribe to ‘The Canadian PORTFOLIO MANAGER’ podcast or come to PWL Capital’s website for advice/instruction/information? This is an advanced resource. But you can have the best of both worlds by a simple intro and lead-in and providing that complexity value at the end. For instance, I was talking to a friend about currency hedging today, and you can start with how currencies are different (cross-border shopping for laypeople etc) – then how each stock exchange charges diff currency units, then you can talk about trends with examples of forex/S&P500 diversion and how it was disastrous in 2000-2010 for Canadians, then you can go into specific products and strategies (hedge at 1.00+ CADUSD and don’t hedge at 0.60 (though this is timing) OR just don’t hedge at all (the CCP position) – Norbert’s gambit etc (which brokers are most friendly with Norbert’s gambit, do you use DLR/DLR.U or HXS/HXS.U (or explain why this one is horrendous to use). You can have an entire episode or many episodes on currency hedging (though this topic is advanced in of itself).
Great job! I look forward to the next podcast.
@Jason: Thanks for the articulate feedback. The “5 unthinkable options…” sound clip was the most clever of the lot, in my opinion – I stumbled across this gem when I recently introduced my wife, Shannon, to The Simpsons Movie.
I’ll definitely work on the voice…it’s tough to keep the energy level up when you’re recording for hours on a sunny Saturday afternoon ;)
If you’re looking for complexity, not to worry. There’s going to be plenty of it in future episodes (currency-hedged ETFs are actually top of the list).
Hi Justin,
Thanks again for featuring me in your debut podcast!
I can’t believe you did a head to head VGRO vs XGRO comparison but failed to mention the PACC compatibility of XGRO! In my opinion this is a complete knockout for XGRO! But no one seems very hyped about this – am I missing something?
An investor can literally open a TFSA, set up a pre-authorized $500/mo transfer from their bank account to automatically purchase XGRO (or XBAL), and they are done. They could literally go a decade or longer without once having to so much as log in or check their account balance. Truly set it and forget it. No logging in means not looking at the account balance when it is down, thus avoiding costly behavioral mistakes. This is a huge win for the average Canadian “non-investor”!
@Mark H: You’re very welcome – thanks for the great question!
Your behavioural argument makes a lot of sense to me. If you can avoid logging into your portfolio every month or every 2 weeks to reinvest your cash, that seems like a great benefit of an automatic investment plan.
I did comment at the end of the ETF Kombat that there could be a rematch in the future between VGRO and XGRO… ;)
Congratulations on launching the pod’ Justin! I’m a frequent reader and I’m really happy to see you’ve got this project off the ground.
I’m surprised the PACC program didn’t come up in your comparison between XGRO et al. and VGRO et al. Do you have any clients that are able to use the PACC program with some success? It seems like a brilliant idea if it works, but given that most of iShares PACC information on their website are dead links, I’d be worried its a Claymore product that they have little interest in maintaining!
Thanks again friend!
@Ian: Thank you so much (for reading and listening)!
I was going to include this neat feature of XGRO in the ETF Kombat, but I didn’t have a chance to try it out with my own accounts first (but I’ve heard it works fairly well). Hopefully it doesn’t get shut down, as it sounds like a true “set-it-and-forget-it” process :)
The only complaint I have heard about the PACC is that it takes about 15 days from the time the money leaves your account for the shares to be purchased & show up (and the remainder of cash to be refunded back into your bank account).
I too have never had the chance to try it myself though.
@Mark H: That’s interesting. I had heard about the excess cash refund back to your bank account, which seems a bit problematic if you’re targeting a specific savings amount.
I’ll try it out when I get a chance and write a post on my experience.
Hi Justin,
Great podcast! I personally enjoyed the sound clips, it makes learning entertaining. For suggestions on future podcast topics I’d be interested in – How to draw down your nest egg in retirement.
Thanks.
@Lisa Schindler: Thank you for the positive feedback (I’ve been getting ragged on all day about the sound clips, so it’s nice to get just a little love for them ;)
Great idea about drawing down your nest egg in retirement. I could probably talk for 40 minutes on just this topic alone :)
I’d second Lisa’s request for blog/podcast (blog preferred :) on nest egg drawdown.
@fbgcai: You got it!
Can I just get a link to the MP3?
@Andrew: Here you go!
http://traffic.libsyn.com/canadianportfoliomanager/CPM_EP1__V2.mp3
Hi Justin – is there any chance for transcripts of the podcast to be made available?
I find my information uptake to be much better with text than audio.
Thanks.
@fbgcai: I’ve also released blogs (which are basically the script), and will be releasing YouTube videos as well for the podcasts in the future, which may help with the more complicated topics:
https://canadianportfoliomanagerblog.com/choosing-your-ideal-vanguard-asset-allocation-etf/
https://canadianportfoliomanagerblog.com/ask-bender-expected-returns-for-the-vanguard-asset-allocation-etfs/
https://canadianportfoliomanagerblog.com/home-bias-in-the-vanguard-asset-allocation-etfs/
https://canadianportfoliomanagerblog.com/when-should-i-dump-veqt-or-should-i/
Can a Neil Woodford of Hargreaves Lansdown happen to Vanguard in Canada?
@E, Haines: There’s always a chance that an ETF could shut down (this has happened in the past), but investors would receive the net asset value for their units. With Vanguard’s plain-vanilla ETFs, I don’t see this as a high probability.
The expected returns you calculated are for how long from now? Next year? 5 years?
@Karl Dagenais: The expected returns are for the next 10-15 years (keep in mind that the actual returns could differ substantially). The main point is to not be surprised by lower returns going forward than what we’ve seen over the past 10 years:
https://canadianportfoliomanagerblog.com/ask-bender-expected-returns-for-the-vanguard-asset-allocation-etfs/
Some feedback for your first episode. I enjoyed the deeper dive into the model returns and tax efficiency of the Asset allocation ETFs. As an experienced DIY investor I found the detailed analysis interesting. The first sound bite from ‘Office Space’ was golden. However, I feel there were a bit too many throughout the episode and they lost their charm for me. The episode started out with a beginner level introduction to the ETF’s, but I felt as the episode progressed it went far beyond the normal scope of understanding for a newby DIY investor. Which is fine, depending on your target audience. I think there’s definitely room for an advanced discussion surrounding ETF’s. Looking forward to the next one.
@Money Mechanic: Thanks for the feedback. I’m not planning to add many sound clips going forward (as they take forever to source and edit). As for the complexity, the main topics included personal risk assessment, expected portfolio returns, home bias, and foreign withholding taxes/product costs: I would encourage DIY investors to try to learn these concepts (even if they can be a bit technical).
How to add to podcast players? Is there a unified URL for this new podcast? Can’t find it in apple podcasts or Overcast. Thanks!
@Philip Jones: Please try manually adding it using the following link:
http://canadianportfoliomanager.libsyn.com/
@Justin: Perfect – works great. Thank you for making this podcast!
@Philip Jones: My pleasure :) Please feel free to suggest future topic ideas for the podcast if you think of any.
I still can’t find the podcast on the Podcast Addict app.
Is there an RSS feed URL?
@Zach: Let me know if this works:
http://canadianportfoliomanager.libsyn.com/rss