Behavioural Finance

The Rational Reminder Podcast 100: Prof. Kenneth French: Expect the Unexpected

Who better to have on the 100th episode of the Rational Reminder Podcast than Professor Ken French? Ken has been a massive inspiration to us and has remained a guiding light for sensible, evidence-based investors over the last few decades! His work with Eugene Fama stands as the seminal work on the subject of passive investment portfolios and we are so delighted to have him on the show today as we talk through some of his thoughts on a variety of subjects.

Behavioural Finance

Are my savings goals in ruins (Part 2)?

In a recent blog we discussed how a fall in market prices today leads to an expectation of higher returns tomorrow. We explore this in more detail by considering the impact of the fall in portfolio values at the end of March and the revised expected returns on investors in different stage of their lives.

Behavioural Finance

The Rational Reminder Podcast: Bear Markets: Always Different, Always the Same

In our second special release episode during the 2020 COVID-19 bear market we discussed a broad history of US bear markets from 1900 to 2020, the recent volatility in the bond market, bond ETF NAV spreads, a nuance in the legislation on tax-loss harvesting, and some of the tax-related changes that Canada has rolled out in light of the current situation.

Behavioural Finance

Market Crashes (Is This Time Different?)

Stock prices reflect investors’ expectations about future profits and risk. When those expectations change, as they do frequently, prices change, and they can change dramatically. Volatile stock prices do not mean that the market is broken or that the world is ending; sharp price declines are expected from time to time in an efficient stock market, and their inevitability should be built into every investment plan.