Think Smart with TMFG

Episode 73: Apps Make The World Go Round

For many of us apps have become a part of our lives and there is no debate; the benefits are tremendous.
Apps are changing our personal and business lives by freeing us from tedious, often repetitive, tasks and teaching us new ways to create and explore. Join us as Rob and Mike discuss a few apps they love and what makes them fun and useful.

Episode 72: Bonds - The Fun Part of Your Portfolio

There are many different types of bonds; government, corporate, treasury bills, AAA, long- and short-term bonds. Advisors Rob McClelland and Mike Connon walk you through the bond world and discuss the advantages and disadvantages of various bond strategies; including tax implications and their role in your portfolio. 
Are your bonds hedged or not? How does the yield curve work? 

We explore this and more today on Think Smart!

Episode 71: Demystifying the 4% Retirement Income Withdrawal Rule

With interest rates at their lowest in 200 years; is the 4% retirement income withdrawal rule dated? Experts say past investment results cannot predict future returns; is that important? What are the rules around withdrawal percentages and what is a safe amount to consider? This and More Today on Think Smart!

Episode 70: Future Portfolio Returns

Deutsche Bank published a report announcing the lowest bond yields in over 200 years; so what's the point? Most portfolios are built with some portion of fixed income. We look back at 94 years of data to examine if bonds are needed in the modern portfolio and what, if any options you may have. We explore this and more today on ThinkSmart!

Episode 69: Tax the Super Rich

Is it such a bad idea to tax the super-rich to help pay for COVID-19? 
Are we better off paying our debt or letting some of the greatest minds of our time reinvest in our future as a species? Join us as we discuss the controversial and uber-rich Elon Musk, the unassuming Bill Gates and the Steve Jobs legacy and their contributions to the world.

Episode 68: FOMO (Fear of Missing Out): Are You Missing Out On The Next Best Stock Pick?

How much should you weigh your portfolio as value stocks continue to underperform and growth stocks continue to outperform? The lure of the NASDAQ and extreme growth tech companies; is the expense of their stock price worth the investment and can it maintain for the long term? What is the right choice as we struggle to recover and look for a new direction after the COVID correction?

Episode 67: Tough Clients: Responsible for Making Us Better Advisors

Over the years, our toughest clients have greatly impacted how we do business. Sharing their expertise or honest feedback with us has enabled us to grow consistently, stay relevant, and stay at the top of our game. From pushing to find lower-cost management solutions and learning the ins and outs of creating trusts, these demanding individuals have made us who we are today.

We explore this and more today on Think Smart!

Episode 66: The End of Currency As We Know It

Getting cash out of the system; the good and bad of cash and the move to digital. The emergence of COVID-19 has made us rethink our need for cash. Our thoughts on how the elimination of cash could  contribute to the reduction of government debt and encourage a stronger GDP resulting in more investment dollars into the Canadian market. By removing cash and creating a digital transaction record could we begin to put pressure on the illegal drug, arms and sex trade industries. As well as how embracing digital payment systems can really start to simplify your life.

We explore this and more today on ThinkSmart!

Episode 65: Just Take My Advice

Taking advice from an expert is always the recommended course of action but when it comes to your hard earned dollars it seems often the most difficult advice to receive. As fee-based advisors we sit on the same side of the table; if you succeed we succeed, likewise when you are unsuccessful we share in that financial loss. Today we highlight some of the areas we find the most difficult to give advice on and yet where we find it may be most useful to you; the conversion to cash, rebalancing, the hot stock tip, too much debt and to TFSA or not to TFSA. This and more today on ThinkSmart.

Episode 64: Success and Strategy with the Strategic Coach

Learning with some of the best and brightest entrepreneurs from around the world.

Hear how they are tackling change and their surprising view of the future.

The Strategic Coach has been a big part of our entrepreneurial spirit for many decades,

from it we have learned a sense of accountability for our actions among many other best practices.

This and More Today on Think Smart