Cameron Passmore CIM, FMA, FCSI

Portfolio Manager

Benjamin Felix MBA, CFA, CFP

Associate Portfolio Manager
  • T613.237.5544 x 313
  • 1.800.230.5544
  • F613.237.5949
  • 265 Carling Avenue,
    8th Floor,
  • Ottawa, Ontario K1S 2E1

Actively Managed Funds in Canada Are Still Terrible

By Ben Felix · July 6, 2018 - 0 comments

Usually, “active” is a good thing. An active lifestyle means you’re making the most of your day. Your yogurt needs active cultures to do its thing. Active listening is the best way to engage with one another. In fact, I hope you’ll give an active listen to today’s Common Sense Investing post and video. I’ve taken a fresh look at actively managed mutual fund performance. Or underperformance, to be more accurate.

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Academic Research and Financial Decision Making

By Ben Felix · July 4, 2018 - 0 comments

A piece titled The Psychology of Money written by Morgan Housel made its rounds on the internet in June. It was an excellent collection of 20 flaws, biases, and bad behaviors that the author has observed when people deal with money. I did not fully agree with flaw number 10 – “An appeal to academia in a field that is governed not by clean rules but loose and unpredictable trends.” My approach to investing and financial advice relies heavily on academic research.

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FIRE? Here’s Why The 4% Spending Rule Does Not Apply to You

By Ben Felix · June 27, 2018 - 2 comments

The 4% rule, or the 25x spending rule (1/25  = 4%) are often cited as safe spending rules for retirees. The 4% rule originated in William Bengen’s October 1994 study, published in the Journal of Financial Planning. The spending rule involves taking 4% of your retirement portfolio as your first-year retirement income, and then adjusting for inflation each year going forward.

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Housing: The Best Investment in History (On Paper)

By Ben Felix · June 22, 2018 - 0 comments

When I released my videos on whether to rent or buy a home – here and here – I received a ton of comments about real estate as an investment. These past videos were about how to pay for your own housing, versus how to make money by owning and renting property to others. So, let’s take on that possibility today, for my real estate-loving commentators.

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Bayesian Updating and the Small Cap Premium

By Ben Felix · June 19, 2018 - 0 comments

Bayes’s Theorem was developed by a French mathematician, and is named after Thomas Bayes, an English minister in the 18th century. Bayes earned his name on the theorem with a paper titled An Essay toward Solving a Problem is the Doctrine of Chances.

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