# ![@benfelixcsi Avatar](https://lunarcrush.com/gi/w:26/cr:youtube::UCDXTQ8nWmx_EhZ2v-kp7QxA.png) @benfelixcsi Ben Felix

Ben Felix posts on YouTube about ben, investment, felix, common the most. They currently have [-------] followers and [---] posts still getting attention that total [------] engagements in the last [--] hours.

### Engagements: [------] [#](/creator/youtube::UCDXTQ8nWmx_EhZ2v-kp7QxA/interactions)
![Engagements Line Chart](https://lunarcrush.com/gi/w:600/cr:youtube::UCDXTQ8nWmx_EhZ2v-kp7QxA/c:line/m:interactions.svg)

- [--] Week [-------] +261%
- [--] Month [-------] +14%
- [--] Months [---------] -22%
- [--] Year [---------] +362%

### Mentions: [--] [#](/creator/youtube::UCDXTQ8nWmx_EhZ2v-kp7QxA/posts_active)
![Mentions Line Chart](https://lunarcrush.com/gi/w:600/cr:youtube::UCDXTQ8nWmx_EhZ2v-kp7QxA/c:line/m:posts_active.svg)

- [--] Week [--] no change
- [--] Month [---] +20%
- [--] Months [---] +17%
- [--] Year [---] +90%

### Followers: [-------] [#](/creator/youtube::UCDXTQ8nWmx_EhZ2v-kp7QxA/followers)
![Followers Line Chart](https://lunarcrush.com/gi/w:600/cr:youtube::UCDXTQ8nWmx_EhZ2v-kp7QxA/c:line/m:followers.svg)

- [--] Week [-------] +0.58%
- [--] Month [-------] +2.40%
- [--] Months [-------] +12%
- [--] Year [-------] +30%

### CreatorRank: [---------] [#](/creator/youtube::UCDXTQ8nWmx_EhZ2v-kp7QxA/influencer_rank)
![CreatorRank Line Chart](https://lunarcrush.com/gi/w:600/cr:youtube::UCDXTQ8nWmx_EhZ2v-kp7QxA/c:line/m:influencer_rank.svg)

### Social Influence

**Social category influence**
[finance](/list/finance)  99.01% [countries](/list/countries)  9.9% [technology brands](/list/technology-brands)  4.95% [financial services](/list/financial-services)  4.95% [stocks](/list/stocks)  4.95% [social networks](/list/social-networks)  3.96% [cryptocurrencies](/list/cryptocurrencies)  1.98% [automotive brands](/list/automotive-brands)  0.99% [exchanges](/list/exchanges)  0.99%

**Social topic influence**
[ben](/topic/ben) 100%, [investment](/topic/investment) 40.59%, [felix](/topic/felix) 30.69%, [common](/topic/common) 25.74%, [stocks](/topic/stocks) 23.76%, [how to](/topic/how-to) 12.87%, [fund](/topic/fund) 7.92%, [what is](/topic/what-is) 7.92%, [canada](/topic/canada) 7.92%, [money](/topic/money) 7.92%

**Top accounts mentioned or mentioned by**
[@rationalreminder](/creator/undefined) [@optimizedportfolio](/creator/undefined) [@coffeezillaextras](/creator/undefined) [@parallelwealth](/creator/undefined) [@howmoneyworks](/creator/undefined) [@taekimfinancialtortoise](/creator/undefined) [@canadiantshirt](/creator/undefined) [@joshmoneydude](/creator/undefined) [@beststockstrategy](/creator/undefined) [@thewealthybarber](/creator/undefined)

**Top assets mentioned**
[Bitcoin (BTC)](/topic/bitcoin) [BlackRock Inc (BLK)](/topic/blackrock)
### Top Social Posts
Top posts by engagements in the last [--] hours

"The Most Controversial Paper in Finance The [----] paper Beyond the Status Quo: A Critical Assessment of Lifecycle Investment Advice suggests that investors should hold globally diversified 100% stock portfolios for their entire lives. It has been met with intense criticism. References: https://zbib.org/97621df40f994f1e89453596f1732370 Read the paper: https://papers.ssrn.com/sol3/papers.cfmabstract_id=4590406 Listen to co-author Scott Cederburg discuss the paper: https://www.youtube.com/watchv=iH4f-J6TZsg ------------------ Meet with PWL Capital:"  
[YouTube Link](https://youtube.com/watch?v=-nPon8Ad_Ug)  2025-03-30T12:00Z 519K followers, 746.8K engagements


"The Psychology of Home Ownership Meet with PWL Capital: https://pages.pwlcapital.com/en-ca/contact-usutm_source=content&utm_medium=youtube&utm_campaign=benfelix_yt References: https://zbib.org/dfc892f743e14459bea621fd9fbba1fa Will buying a home make you happier The evidence is mixed at best. ------------------ Follow Ben Felix on - Twitter: https://twitter.com/benjaminwfelix Visit Rational Reminder: https://rationalreminder.ca/ Join the Rational Reminder Community: https://community.rationalreminder.ca/ Follow the Rational Reminder on: - Twitter: https://www.twitter.com/RationalRemind -"  
[YouTube Link](https://youtube.com/watch?v=0G_OSohLC_A)  2024-10-10T12:00Z 519K followers, 169K engagements


"The Rise of ETF Slop ETFs are no longer synonymous with sensible investing. The fund management industry is launching hundreds of new actively managed ETFs every year and for the first time in U.S. market history there are more ETFs than there are individual stocks and more actively managed ETFs than index tracking ETFs. Many of the ETFs being launched today have been engineered to attract assets rather than improve outcomes for investors. I think what we are seeing is best described as ETF slop. ------------------ *Meet with PWL Capital*"  
[YouTube Link](https://youtube.com/watch?v=14V7q4gHKFo)  2026-01-11T11:00Z 519K followers, 373.2K engagements


"International Diversification Meet with PWL Capital: https://calendly.com/d/3vm-t2j-h3p International stocks have trailed US stocks for more than [---] years. Performance aside the US market is well diversified across industries makes up more than 50% of the global stock market and lots of US companies have international revenue exposure. Additionally international diversification has gotten less effective over time as correlations across markets have increased. These arguments for forgoing international diversification in favor of US stocks do seem compelling at the surface but as I will"  
[YouTube Link](https://youtube.com/watch?v=1FXuMs6YRCY)  2023-03-15T16:00Z 519K followers, 203.5K engagements


"Investing [---] In this video I cover "Investing 101": why investing matters what stocks and bonds are what a sensible approach to investing looks like and what tools you should consider using to implement these ideas. ------------------ *Meet with PWL Capital* https://pages.pwlcapital.com/en-ca/contact-usutm_source=content&utm_medium=youtube&utm_campaign=benfelix_yt *References* https://zbib.org/58bfb487528e41d884aa60d59770faab *Avoid Online Scams* https://pwlcapital.com/stay-safe-online/ *Rational Reminder Podcast* Investing [---] with the Canadian Couch Potato"  
[YouTube Link](https://youtube.com/watch?v=1Ob-hAYCnJE)  2025-11-09T13:00Z 519K followers, 209.5K engagements


"In Search of the Ultimate Inflation Hedge When stuff and services get more expensive your dollars can buy less of them. Thats called inflation and its a problem because investors want to fund future consumption; if stuff gets more expensive you need to save more spend less or earn higher investment returns to meet your objectives. Referenced in this video: US Inflation and Global Asset Returns: https://papers.ssrn.com/sol3/papers.cfmabstract_id=3882899 The Best Strategies for Inflationary Times: https://jpm.pm-research.com/content/47/8/8/tab-article-info Value and Interest Rates: Are Rates to"  
[YouTube Link](https://youtube.com/watch?v=1a3XnvRCcVo)  2022-05-18T15:00Z 519K followers, 192.1K engagements


"Why NOT Investing Is (Probably) Going To Cost You If worrying about the next market crash is affecting your investment decisions you might be making an expensive mistake. People spend so much time worrying about the next downturn that they miss out on market returns which tend to be positive in the long-run. These errors lead investors to hold more conservative portfolios than a more optimistic investor would to avoid participating in the stock market altogether and to sabotage their long-term returns with short-term decision-making. There are some potential solutions. References:"  
[YouTube Link](https://youtube.com/watch?v=1qjSfyVPwLQ)  2023-11-17T18:34Z 517K followers, 84.7K engagements


"2025 Was Nut(s): A Canadian CIO's Review This year was nuts both in markets and personally for me. I had testicular cancer. I had surgery on the same day in January that PWL Capital the firm that I have worked for for [--] years announced that it had been acquired by OneDigital. My personal news aside [----] was a wild ride. Early in the year it looked like we were in for a bad time but things turned around and returns in stocks gold bitcoin and real estate were not what anybody was expecting. Avantis Investors announced they are launching Canadian listed ETFs through CIBC likely in [----] and ETF"  
[YouTube Link](https://youtube.com/watch?v=1sV_3OvQyFI)  2025-12-28T11:00Z 519K followers, 99.5K engagements


"Small Cap Value Stocks I have concluded many of my videos with some variation of Youre probably better off in low-cost market cap weighted index funds which is a statement that I believe. What I have not told you and the reason that I think I owe you an apology is that I do not invest my own money in market cap weighted index funds. Referenced in this video: The Problem With Small Cap Stocks - https://www.youtube.com/watchv=uErHwq4M6pg Factor Investing with ETFs - https://www.pwlcapital.com/resources/factor-investing-with-etfs/ Follow the link to read more content from the Passmore/Felix team"  
[YouTube Link](https://youtube.com/watch?v=2MVSsVi1_e4)  2019-04-01T12:47Z 519K followers, 335.5K engagements


"High Income Investments: A Warning Yields are a seemingly easy to understand attribute of investments making them a focal point for many investors. The salience of yield is no secret to financial product manufacturers resulting in products being manufactured and marketed based on their high distribution yields. But distribution yields are not investment returns they are not sufficient to assess expected returns and in the way that they are used to market financial products often to unsophisticated investors they can be misleading. References: https://zbib.org/7ac95140522c4bf69d60cdcaafcb6f79"  
[YouTube Link](https://youtube.com/watch?v=2Q7-SkDEPB8)  2023-12-05T15:37Z 519K followers, 42.8K engagements


"Investing in Initial Public Offerings (IPOs) If you can get in on the ground floor of an IPO that is getting an allocation in the initial share offering before the stock starts trading there is evidence that you are likely to make a profit; IPOs tend to be underpriced. While this might seem like an obvious way to easy profits there are a few crucially important things for you to consider. References in this episode: - Understanding the IPO share allocation process: https://www.fidelity.com/learning-center/trading-investing/trading/ipo-share-allocation-process - Quid Pro Quo What Factors"  
[YouTube Link](https://youtube.com/watch?v=2a7qhIpxv60)  2019-12-07T13:00Z 518K followers, 57.6K engagements


""What About Warren Buffett" One of the questions I always get when I tell people that index investing is a good investment strategy is what about Warren Buffett The premise is that if its possible to beat the market as Warren Buffett has for longer than Ive been alive why would anyone settle for boring market returns with index funds ------------------ Meet with PWL Capital: https://pages.pwlcapital.com/en-ca/contact-usutm_source=content&utm_medium=youtube&utm_campaign=benfelix_yt References: https://doi.org/10.1086/424739 https://doi.org/10.2469/faj.v74.n4.3 Follow Ben Felix on - Twitter:"  
[YouTube Link](https://youtube.com/watch?v=32SnTUtdsOI)  2024-12-22T13:00Z 519K followers, 216.5K engagements


"Why Betting On Winning Industries Almost Never Works In investing betting on the success of a single industry is typically not a good idea but a lot of investors make industry bets in their portfolios based on what they think is going to do well. That is probably a mistake. ------------------ Meet with PWL Capital: https://pages.pwlcapital.com/en-ca/contact-usutm_source=content&utm_medium=youtube&utm_campaign=benfelix_yt Follow Ben Felix on - Twitter: https://twitter.com/benjaminwfelix Visit Rational Reminder: https://rationalreminder.ca/ Join the Rational Reminder Community:"  
[YouTube Link](https://youtube.com/watch?v=3B9umhfv_ww)  2024-11-10T13:00Z 519K followers, 165.7K engagements


"How to Retire Early (The 4% Rule) Meet with PWL Capital: https://calendly.com/d/3vm-t2j-h3p The 4% rule for retirement income planning is wildly popular but fatally flawed. In this video I explain why retirement income planning the nastiest hardest problem in finance and why the seemingly simple solution of the 4% rule is one of the worst ways to solve the problem. NYT Article: https://www.nytimes.com/2020/04/02/style/fire-movement-stock-market-coronavirus.html Referenced in this video: - How Much Can I Spend in Retirement: A Guide to Investment-Based Retirement Income Strategies:"  
[YouTube Link](https://youtube.com/watch?v=3BScK-QyWIo)  2020-05-11T18:58Z 519K followers, 571.1K engagements


"Who Should NOT Invest in Total Market Index Funds Meet with PWL Capital: https://calendly.com/d/3vm-t2j-h3p I have told you in many of my videos that low-cost total market index funds are the most sensible investments for most people - just own the market. I stand by that statement but as true as it is there is a lot more nuance to making good asset allocation decisions. How do you know if youre like most people And if youre not like most people how should your portfolio be different from the market Check out the video posted on Rational Reminder: https://youtu.be/mGCwuS8bjGA Episode [---] with"  
[YouTube Link](https://youtube.com/watch?v=4hSFzVoZkiA)  2023-05-11T14:44Z 519K followers, 239.3K engagements


"The Relevance of Dividend Irrelevance Dividends are irrelevant as a predictor of differences in expected returns. Building investment portfolios based on dividends results in lower expected returns when yield is in high demand a lack of diversification tax inefficiency and an arbitrary retirement spending rule dictated by corporations. Basing investment or consumption decisions on dividends does not make sense. Referenced in this video: The Dividend Disconnect: https://drive.google.com/file/d/15Z94LD8QTPbb0ETAixg_zMA0Ew5bdJat/view Settling the Size Matter:"  
[YouTube Link](https://youtube.com/watch?v=4iNOtVtNKuU)  2022-06-09T16:06Z 519K followers, 110.5K engagements


"Should portfolios change for retirement Should portfolios get more conservative leading up to retirement You may want to reduce financial risk as your human capital decreases but (empirically) people get less risk averse as they get wealthier. Together these can lead to a flat optimal asset allocation over time. ------------------ Follow Ben Felix on - Twitter: https://twitter.com/benjaminwfelix Visit Rational Reminder: https://rationalreminder.ca/ Join the Rational Reminder Community: https://community.rationalreminder.ca/ Follow the Rational Reminder on: - Twitter:"  
[YouTube Link](https://youtube.com/watch?v=4rURN7Bgfb0)  2023-10-13T22:05Z 517K followers, 74.5K engagements


"Asset Allocation Asset allocation is the exercise of determining how much of each asset class you should hold in your portfolio. In general the asset classes that we have to choose from are stocks bonds real estate investment trusts and alternatives. Those categories can be broken down further but I will leave it there for now. Except in hindsight there is no optimal asset allocation. The best that we can do is take guidance from the academic literature. Im Ben Felix Associate Portfolio Manager at PWL Capital. Referenced in this video: Foreign Withholding Tax -"  
[YouTube Link](https://youtube.com/watch?v=7gkQHSW3hkE)  2018-10-26T13:38Z 519K followers, 233.6K engagements


"Why Canada Pension Plan Skeptics are Wrong Canada Pension Plan is one of the most valuable retirement assets available to Canadians. But is it really guaranteed Only if the Canada Pension Plan remains solvent. ------------------ Meet with PWL Capital: https://pages.pwlcapital.com/en-ca/contact-usutm_source=content&utm_medium=youtube&utm_campaign=benfelix_yt Assia Billig: Is Canada Pension Plan (CPP) Sustainable Rational Reminder [---] https://youtu.be/Vbdet4uFPZ4 Follow Ben Felix on - Twitter: https://twitter.com/benjaminwfelix Visit Rational Reminder: https://rationalreminder.ca/ Join the"  
[YouTube Link](https://youtube.com/watch?v=7lAsJMqjUw0)  2024-12-08T13:00Z 519K followers, 67.3K engagements


"The "AI Bubble" The "AI bubble" has some investors worried. The U.S. market is more concentrated than it's ever been in modern times and U.S. market valuations are reaching levels near the dot-com peak which was followed by a crash. The good news is that there are simple ways to protect yourself. Correction: at 10:49 the right axis title should (obviously) say Starting Market Concentration not Starting Market Conversation. ------------------ *Meet with PWL Capital* https://pages.pwlcapital.com/en-ca/contact-usutm_source=content&utm_medium=youtube&utm_campaign=benfelix_yt *References*"  
[YouTube Link](https://youtube.com/watch?v=7xPlZUzJbJc)  2025-12-14T13:00Z 519K followers, 275.1K engagements


"Why Income Investing Will Not Give You Income Common Sense Investing Today I want to tell you why focusing on investing to generate income is a flawed strategy altogether and why a total return approach to investing will lead to a more reliable outcome. In my last two videos I talked about high yield bonds and preferred shares. These are two alternative asset classes that investors venture into when they are seeking higher income yields. I told you why you might want to avoid those asset classes here: Why You Should Think Twice About High Yield Bonds: https://youtu.be/CZp9ULWi3pI Why I Prefer"  
[YouTube Link](https://youtube.com/watch?v=9j6DInAMMaM)  2018-01-05T17:05Z 519K followers, 228.1K engagements


"Mortgage Debt and Asset Allocation If you have both a mortgage and an investment portfolio you might have wondered if it makes sense to use some of your investments to pay off your mortgage. This is a very common question and I think that the common answer to the question is flawed. ------------------ Visit PWL Capital: https://goo.gl/uPcXg7 PWL Capital Blog Post: https://www.pwlcapital.com/invest-or-pay-off-your-mortgage/ Follow PWL Capital on: - Twitter: https://twitter.com/PWLCapital - Facebook: https://www.facebook.com/PWLCapital - LinkedIn: https://www.linkedin.com/company-beta/105673/"  
[YouTube Link](https://youtube.com/watch?v=AKc01jo1qLw)  2018-11-09T18:58Z 518K followers, 83.5K engagements


"Picking Stocks Common Sense Investing Today I want to talk to you about owning individual stocks and no Im not going to tell you how to do it successfully. This is not that kind of channel. Referenced in this video: Do Stocks Outperform Treasury Bills - https://papers.ssrn.com/sol3/papers.cfmabstract_id=2900447 The Rational Reminder Podcast - Libsyn: https://rationalreminder.libsyn.com/ - iTunes: https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/ - Stitcher: https://www.stitcher.com/podcast/pwl-capital/the-rational-reminder-podcast - Spotify:"  
[YouTube Link](https://youtube.com/watch?v=AecvTErBQY8)  2018-12-15T15:26Z 518K followers, 159.2K engagements


"Why You Should Think Twice about High Yield Bonds Common Sense Investing In this episode of common sense investing I will tell you why you should think twice about owning high yield bonds. Alternative investments are a broad category so I have split this topic up into multiple parts. In Part One I will tell you why high yield bonds dont quite yield enough to justify their risks. My name is Ben Felix of PWL Capital and this is Common Sense Investing. Ill be talking about a lot more common sense investing topics in this series so subscribe and click the bell for updates. I want these videos to"  
[YouTube Link](https://youtube.com/watch?v=CZp9ULWi3pI)  2017-12-01T14:59Z 518K followers, 69.8K engagements


"Investing in Emerging Markets The term Emerging Markets was coined in [----] by the International Finance Corporation as a marketing term to help make the case for foreign investors investing in developing economies. Today emerging markets make up roughly 10-12% of the global market capitalization representing around [--] countries including China Taiwan India South Korea and until recently Russia. Characteristics like high economic growth expectations and attractive valuations compel some investors to overweight emerging markets in their portfolios but there are some often overlooked facts costs"  
[YouTube Link](https://youtube.com/watch?v=DEV49qY0TP8)  2022-04-19T11:00Z 519K followers, 177.1K engagements


"The Problem With Private Credit Private credit consists of loans - similar to bonds - except they are non-publicly traded loans created by non-bank entities like private credit funds or business development companies to fund private businesses. This asset class is promoted to retail investors for its high yields and stable returns but as you can probably guess Im skeptical. ------------------ Meet with PWL Capital: https://calendly.com/d/cpws-jyp-znp References: https://zbib.org/f91735b1b7dd49ae935916f53d27b1be Follow Ben Felix on - Twitter: https://twitter.com/benjaminwfelix Visit Rational"  
[YouTube Link](https://youtube.com/watch?v=DQAr1DeDIro)  2024-07-13T16:00Z 519K followers, 82.2K engagements


"The Problem with High Stock Valuations Meet with PWL Capital: https://calendly.com/d/cpws-jyp-znp References: https://zbib.org/17df87b9e17b4e6683b67e2a0429192f Im noticing investors being worried about stock market valuations. When stock market valuations are higher expected returns are lower. High valuations are not great for long-term investors. But saying that stock market valuations are high misses a lot of nuance. Which stocks are we talking about and even more broadly which markets ------------------ Follow Ben Felix on - Twitter: https://twitter.com/benjaminwfelix Visit Rational"  
[YouTube Link](https://youtube.com/watch?v=EybXQmxIq6U)  2024-01-23T16:28Z 519K followers, 124.5K engagements


"The best introduction to personal finance I have ever read In this video I review the main lessons from The Wealthy Barber (2025) and explain why it's the best introduction to personal finance I have ever read. ------------------ *Meet with PWL Capital* https://pages.pwlcapital.com/en-ca/contact-usutm_source=content&utm_medium=youtube&utm_campaign=benfelix_yt *The Wealthy Barber (2025)* https://thewealthybarber.com/book/ *Avoid Online Scams* https://pwlcapital.com/stay-safe-online/ *More with Dave Chilton* Dave Chilton on Rational Reminder https://www.youtube.com/watchv=k2pAubfQgC4 Ben Felix"  
[YouTube Link](https://youtube.com/watch?v=G-HYSrR8-J4)  2025-12-07T13:00Z 519K followers, 128K engagements


"Bond Index Funds in Rising-Rate Environments Common Sense Investing with Ben Felix If active management isnt the answer and interest rates really do have nowhere to go but up should you still expect positive returns from your bonds Im Ben Felix Associate Portfolio Manager at PWL Capital. In this episode of Common Sense Investing Im going to talk about bond index funds in rising-rate environments and advice you on why you dont need to be afraid of bond index funds. Ill be talking about a lot more common sense investing topics in this series so subscribe and click the bell for updates. I want"  
[YouTube Link](https://youtube.com/watch?v=GuJoojyOvMg)  2017-10-06T03:18Z 518K followers, 123.5K engagements


"How to Evaluate Your Investment Decisions Looking at past outcomes to evaluate investment decisions is not easy for a human to grasp. We tend to have an illusion of control bias where we overestimate our influence on outcomes. This can be particularly dangerous when it comes to investing. Referenced in this video: How Much Can I Spend In Retirement - https://www.amazon.com/dp/B076J4NBBZ/ Does Past Performance Matter The Persistence Scorecard - https://www.spglobal.com/spdji/en/documents/spiva/persistence-scorecard-march-2018.pdf Catch up on our latest investing advice insights and white"  
[YouTube Link](https://youtube.com/watch?v=I8gH5bR3clg)  2019-07-20T10:00Z 517K followers, 124.9K engagements


"The Performance Gap Everybody wants to outperform the market but most investors underperform for a simple reason resulting in a sizable gap between investor returns and investment returns. I am going to tell you what it is and how you can do better. References: https://zbib.org/649f0e979c704fa18096a2d5374c816f ------------------ Follow Ben Felix on - Twitter: https://twitter.com/benjaminwfelix Visit Rational Reminder: https://rationalreminder.ca/ Join the Rational Reminder Community: https://community.rationalreminder.ca/ Follow the Rational Reminder on: - Twitter:"  
[YouTube Link](https://youtube.com/watch?v=IVJkTspjDUo)  2023-11-18T12:00Z 519K followers, 61.1K engagements


"The Private Equity Pitch According to Vanguard private equitys significant illiquidity and market dynamics provide suitable investors the opportunity to earn long-term excess returns while increasing portfolio diversification through expanded equity market coverage. This is the private equity pitch in a nutshell. Its obvious theoretically that Illiquid assets in markets that are more difficult to access would have higher expected returns and opportunities for managers to add value by bringing new information to the market possibly even enough to justify the high fees estimated at around [--] or"  
[YouTube Link](https://youtube.com/watch?v=Ik169Fd_G1E)  2022-09-28T16:00Z 517K followers, 84.8K engagements


"Real Estate Investment Trusts (REITs) Investing in a REIT gives you access to a liquid diversified portfolio of real estate assets without the need to manage anything on your own. This makes some of the biggest issues with direct real estate investing like illiquidity management intensiveness and the inability to properly diversify go away completely. Just like with stocks it is possible to buy a low-cost index fund of REITs. Referenced in this video: iShares Core S&P/TSX Capped Composite Index ETF -"  
[YouTube Link](https://youtube.com/watch?v=IzK5x3LlsUU)  2019-08-17T11:00Z 518K followers, 224.8K engagements


"Dimensional (DFA) vs. Vanguard Most people with even a passing interest in investing have heard of Vanguard the company synonymous with index funds. Fewer people have heard of Dimensional Fund Advisors. Vanguard is well-known for its low-cost funds that track market indexes an approach to investing supported by theory and evidence. Dimensional similarly applies theory and evidence to portfolio design but unlike an index fund they aim to beat the market. That sounds good in theory but the obvious question is does it work References: https://zbib.org/a230271e5cd349089f0b17a3caf46139"  
[YouTube Link](https://youtube.com/watch?v=JfknibBat2A)  2025-03-02T13:00Z 519K followers, 242.6K engagements


"Why It Might Be Time To Rethink Lifecycle Asset Allocation Meet with PWL Capital: https://calendly.com/d/cpws-jyp-znp References: https://zbib.org/1611ae243d984b4bb1fe36aa33d1fb3e Conventional wisdom and popular personal financial advice suggest that portfolios should contain at least some bonds and that asset allocations should shift increasingly into bonds as investors move toward retirement but new research suggests that this thinking is due for an update. ------------------ Follow Ben Felix on - Twitter: https://twitter.com/benjaminwfelix Visit Rational Reminder:"  
[YouTube Link](https://youtube.com/watch?v=JlgMSDYnT2o)  2024-02-08T23:04Z 519K followers, 164.1K engagements


"Why You Will (Probably) Lose Money Trading Options While options can be used for good some of their features like embedded leverage make them a double edged sword. They can just as easily be used for responsible risk management and hedging as they can be used for speculation and gambling. References: https://zbib.org/3241abfd3e004841a69537e06bffe297 ------------------ Meet with PWL Capital: https://pages.pwlcapital.com/en-ca/contact-usutm_source=content&utm_medium=youtube&utm_campaign=benfelix_yt Follow Ben Felix on - Twitter: https://twitter.com/benjaminwfelix Visit Rational Reminder:"  
[YouTube Link](https://youtube.com/watch?v=K-U6eoICrYQ)  2024-10-27T12:00Z 519K followers, 224.9K engagements


"Understanding the Fed's "Money Printer" (QE the Stock Market and Inflation) Meet with PWL Capital: https://calendly.com/d/3vm-t2j-h3p If asset prices reflect expectations about the future the market rising should be viewed with optimism but there might be less optimism and there may even be pessimism about a market that is being artificially propped up by a central bank. What if the central bank cant print any more money and stock prices drop And how can all of this money printing be good for the countrys currency Referenced in this video: - Money creation in the modern economy"  
[YouTube Link](https://youtube.com/watch?v=K3lP3BhvnSo)  2020-07-31T15:03Z 519K followers, 446.7K engagements


"Covered Calls: What People (Still) Get Wrong I wasnt planning on making another video on covered calls but my last two videos started a lot of discussion that I think is worth pursuing. There are a ton of these products being launched in Canada and I believe people are making serious errors in their assessments of them. I feel a personal responsibility to give some final comments. I think the best way to approach this is to respond to comments from my last video. ------------------ *Meet with PWL Capital*"  
[YouTube Link](https://youtube.com/watch?v=K3sYY3T7V8k)  2025-10-26T12:00Z 519K followers, 113.8K engagements


"Dollar Cost Averaging vs. Lump Sum Investing Meet with PWL Capital: https://pages.pwlcapital.com/en-ca/contact-usutm_source=content&utm_medium=youtube&utm_campaign=benfelix_yt If you're sitting on cash that you plan to invest you have a few options: [--]. Invest a lump sum. [--]. Dollar cost average. [--]. Wait for a "good time" to invest. The optimal choice may surprise you. References: https://zbib.org/45b504dfd40d43bf833da0c4c250a124 ------------------ Follow Ben Felix on - Twitter: https://twitter.com/benjaminwfelix Visit Rational Reminder: https://rationalreminder.ca/ Join the Rational Reminder"  
[YouTube Link](https://youtube.com/watch?v=KwR3nxojS0g)  2023-12-07T14:23Z 519K followers, 310K engagements


"Investing With Leverage (Borrowing to Invest Leveraged ETFs) What do you do if you are not concerned with volatility and are willing to take on even more risk than the stock market has to offer There are two options: reducing diversification or using leverage. References in this episode: - Life-Cycle Investing and Leverage: Buying Stock on Margin Can Reduce Retirement Risk: https://papers.ssrn.com/sol3/papers.cfmabstract_id=1149340 - Lifecycle Investing: A New Safe and Audacious Way to Improve the Performance of Your Retirement Portfolio:"  
[YouTube Link](https://youtube.com/watch?v=Ll3TCEz4g1k)  2019-12-21T13:00Z 519K followers, 342.5K engagements


"The Cost of Investment Hubris Warren Buffett has famously said that "diversification is a protection against ignorance" and that it "makes very little sense for anyone that knows what they're doing." This quote is often used as an argument against diversified investment strategies but the thing is Warren Buffett was probably not talking about you when he referred to people who know what theyre doing. If you think that you are included in Buffetts group of people who know what theyre doing you may have investment hubris which can cost you in the long-run. References:"  
[YouTube Link](https://youtube.com/watch?v=MJaqZRd1bTc)  2023-12-04T16:31Z 519K followers, 90.8K engagements


"The Most Important Lessons in Investing Meet with PWL Capital: https://calendly.com/d/cpws-jyp-znp Over the last [--] years I have spoken to thousands of individual investors about their investments and financial plans while working at PWL Capital and I have interviewed some of the smartest people in finance economics and psychology on the Rational Reminder podcast. This is what I have learned. These are all lessons that investors will learn eventually though many will learn them the hard way. 0:29 [--]. Youre not that smart (relative to the market). 0:42 [--]. This time is always different. 1:03 3."  
[YouTube Link](https://youtube.com/watch?v=MOjS2zuQMdo)  2024-04-11T21:02Z 519K followers, 208.6K engagements


"The Case for Index Funds With a few exceptions most investors should be using low-cost index funds as their primary investment vehicle. Anyone who disagrees with that statement is probably misinformed conflicted or just plain wrong. This is nothing you havent heard me say before but I want to make the case for low-cost index funds in a single video that can be shared with people who are still investing in high fee actively managed funds as many Canadians are. ------------------ Meet with PWL Capital:"  
[YouTube Link](https://youtube.com/watch?v=Nv5CiRSCVxA)  2025-02-16T13:00Z 519K followers, 254.1K engagements


"Bank Financial Advice If you are investing through one of the big Canadian banks you will want to watch this video. Investigative journalism research from Canadian regulators and academic research all suggest that banks are more focused on selling products that are good for the bank than on giving advice in the best interest of their customers. ------------------ *Meet with PWL Capital* https://pages.pwlcapital.com/en-ca/contact-usutm_source=content&utm_medium=youtube&utm_campaign=benfelix_yt *Avoid Online Scams* https://pwlcapital.com/stay-safe-online/ *References*"  
[YouTube Link](https://youtube.com/watch?v=OguTXEnxJqk)  2025-08-31T12:00Z 519K followers, 67.3K engagements


""Sequence of Returns Risk" References: https://zbib.org/37315fd951f3402c8baaba6f64076fe7 Learn about amortization based spending from economist Ben Mathew on the Rational Reminder podcast: The Lifecycle Model vs. Safe Withdrawal Rates (SWR) - https://youtu.be/-2Ul4bdHkXEsi=qfcu5dUv6EAjwvKC ------------------ Meet with PWL Capital: https://pages.pwlcapital.com/en-ca/contact-usutm_source=content&utm_medium=youtube&utm_campaign=benfelix_yt Avoid Online Scams: https://pwlcapital.com/stay-safe-online/ Follow Ben Felix on - Twitter: https://twitter.com/benjaminwfelix Visit Rational Reminder:"  
[YouTube Link](https://youtube.com/watch?v=QGzgsSXdPjo)  2025-03-16T12:00Z 519K followers, 231.5K engagements


"Investing in the S&P [---] Meet with PWL Capital: https://calendly.com/d/3vm-t2j-h3p The S&P [---] is an index of [---] US stocks that covers roughly 80% of the available US market capitalization. It is one of the oldest and best-known stock indexes in the world. The S&P Dow Jones Indices website says that there are [---] trillion US dollars indexed to the S&P [---]. That is [---] trillion US dollars invested in index funds that are tracking the S&P [---] index. That is a lot of money invested in the S&P [---]. Referenced in this video: Do Global Stocks Outperform US Treasury Bills:"  
[YouTube Link](https://youtube.com/watch?v=RR7e1Y-HJxQ)  2019-08-03T11:00Z 519K followers, 533K engagements


"The Risk of (Individual) Stocks A lot of investors hold concentrated positions in individual stocks. This can happen when you hear Charlie Munger say that diversification is for the know-nothing investor without realizing that hes talking about you or for other reasons like being part of a company that went public and holding onto your stock or owning stock in an employer that has performed so well that it becomes a large part of your portfolio. In any case I dont think people are aware of how risky individual stocks are. ------------------ *Meet with PWL Capital*"  
[YouTube Link](https://youtube.com/watch?v=RxCqxhRsHiY)  2025-06-08T12:00Z 519K followers, 265.6K engagements


"What is (Good) Financial Advice Before I describe what constitutes good financial advice let me start with what doesnt. When I say that investing has been solved I am of course talking about low-cost index funds beating most other investing strategies over most time periods. Academic literature going back to the 1960s has consistently found that trying to beat the market index is a losing game on average. Most investors are best-served owning the market and keeping their costs low. Timestamps: 0:00 "Ben why do you still have a job" 1:00 What isn't Financial Advice 3:08 What is Financial"  
[YouTube Link](https://youtube.com/watch?v=TI5p8vqdjTw)  2021-04-24T11:00Z 519K followers, 188K engagements


"Renting vs. Buying a Home: The 5% Rule Meet with PWL Capital: https://calendly.com/d/3vm-t2j-h3p Please note that while this content is broadly applicable it was originally intended for a Canadian audience. You can't compare rent to a mortgage payment. This way of thinking about the rent versus buy decision is extremely flawed. Comparing a mortgage payment to rent is not an apples to apples comparison. In order to properly assess the rent versus buy decision we need to compare the total *unrecoverable costs* of renting to the total unrecoverable costs of owning. That may sound like a"  
[YouTube Link](https://youtube.com/watch?v=Uwl3-jBNEd4)  2019-05-11T11:00Z 519K followers, 5.4M engagements


"Should You Be Factor Investing Factors are on the cutting edge of financial market research but they are also being used to market products that may be detrimental to investors. Dont get me wrong factors are more than a sales pitch. They are the mechanisms that drive asset returns. Im Ben Felix Associate Portfolio Manager at PWL Capital. In this episode of Common Sense Investing Im going to tell you about factor investing. Referenced in this video: Actively Managed Funds In Canada Are Still Terrible - https://www.youtube.com/watchv=slH1yygvGTY&feature=youtu.be&ab_channel=BenFelix Active Funds"  
[YouTube Link](https://youtube.com/watch?v=ViTnIebSzj4)  2018-08-31T13:41Z 519K followers, 166.6K engagements


"The Index Fund Bubble A lot of people are worried about how index funds might affect the integrity of the stock market. At the extreme people have even compared index funds to the collateralized debt obligations that sent the global financial market into crisis in [----]. I am going to tell you why index funds are not creating a bubble. Referenced in this video: Are Index Funds Communist - https://www.bloomberg.com/opinion/articles/2016-08-24/are-index-funds-communist 'Big Short' investor Michael Burry explains why a wildly popular investing vehicle reminds him of the rotten securities that"  
[YouTube Link](https://youtube.com/watch?v=Wv0pJh8mFk0)  2019-09-28T11:00Z 517K followers, 272.4K engagements


"Do Stocks Return 10% on Average Meet with PWL Capital: https://pages.pwlcapital.com/en-ca/contact-usutm_source=content&utm_medium=youtube&utm_campaign=benfelix_yt Many people take it as a given that stocks return 10% per year on average but on closer inspection this belief is likely an error. References: https://zbib.org/3f0f46d1692f45aca80923ae6fd905e9 ------------------ Follow Ben Felix on - Twitter: https://twitter.com/benjaminwfelix Visit Rational Reminder: https://rationalreminder.ca/ Join the Rational Reminder Community: https://community.rationalreminder.ca/ Follow the Rational"  
[YouTube Link](https://youtube.com/watch?v=Yl3NxTS_DgY)  2024-03-28T20:21Z 519K followers, 474.2K engagements


"Market Crashes (2025 Edition) Stock prices reflect investors expectations about the future earnings and risk of the companies they invest in. When expectations or risk change due to something like nonsensical sweeping tariffs stock prices can change and they can change quickly and dramatically. Falling stock prices do not mean that the market is broken or that the world is ending; they are expected from time to time and their inevitability should be built into every investment plan. ------------------ Meet with PWL Capital:"  
[YouTube Link](https://youtube.com/watch?v=_9c-DkBFS3w)  2025-04-13T12:00Z 519K followers, 192.5K engagements


"Stocks Bonds and Risk A portfolio with more stocks is going to move around a lot more. A portfolio with more bonds will feel steadier. Neither choice is good or bad on its own. What really matters is finding a mix you can live with and one that actually supports your long term goals. In this clip Ben talks about how stocks and bonds behave over time and why understanding that helps you stay invested when markets get noisy. ------------------ Meet with PWL Capital: https://pages.pwlcapital.com/en-ca/contact-usutm_source=content&utm_medium=youtube&utm_campaign=benfelix_yt Avoid Online Scams:"  
[YouTube Link](https://youtube.com/watch?v=c1kzZjD2Z8U)  2025-11-15T14:01Z 519K followers, 40.2K engagements


"Why ESG Investing May Be Doing More Harm Than Good Meet with PWL Capital: https://calendly.com/d/3vm-t2j-h3p References: https://zbib.org/3afb67c29fa64cbe95ae9cabf409542d Discussion with the co-author of Counterproductive Sustainable Investing: The Impact Elasticity of Brown and Green Firms: https://youtu.be/CHxNpN-2lmwt=1416 ESG investing - that is investing that puts an emphasis on the environmental social and governance characteristics of companies - continues to be popular. Investors may want to avoid ESG-related risks or to feel good about their portfolio which are legitimate"  
[YouTube Link](https://youtube.com/watch?v=c4AMFicXXqg)  2024-01-19T20:33Z 519K followers, 54.7K engagements


"The Biggest Mistakes in Personal Finance In personal finance its common for people to focus on things that they cant control like trying to pick a winning investment while ignoring the things that they can control like setting the right goals and making a solid long-term plan often leading to mistakes. Some mistakes matter more than others and the biggest mistakes can be the difference between living paycheque to paycheque for life and having a comfortable financial future. In this video I tell you about the biggest mistakes in personal finance so that you can avoid them. I probably should"  
[YouTube Link](https://youtube.com/watch?v=d7wnAw7ufG4)  2026-02-08T11:00Z 519K followers, 223.5K engagements


"Thematic ETFs (are Terrible Investments) If youre excited about an investment its probably not a good investment. Listen to the Rational Reminder Episode 185: Lighting your Money on Fire with Thematic ETFs where we do a deeper dive of the topic: https://www.youtube.com/watchv=libTTDzmVGw https://rationalreminder.ca/podcast/185 Referenced in this video: Earnings Growth: The Two Percent Dilution: https://www.cfainstitute.org/en/research/financial-analysts-journal/2003/earnings-growth-the-two-percent-dilution The Big Market Delusion: Valuation and Investment Implications:"  
[YouTube Link](https://youtube.com/watch?v=dwPh-PAg9A8)  2022-05-04T14:43Z 518K followers, 124.8K engagements


"The Irrelevance of Dividends Meet with PWL Capital: https://calendly.com/d/3vm-t2j-h3p Even in a stock-picking environment there is no reason to believe that dividends or the growth of dividends would be an indication of a good stock to own. This is a follow-up to my Dividend Growth Investing video - https://youtu.be/UpXI_Vd51dA Referenced in this video: Dividend Policy Growth and the Valuation of Shares https://www2.bc.edu/thomas-chemmanur/phdfincorp/MF891%20papers/MM%20dividend.pdf A Five-Factor Asset Pricing Model https://papers.ssrn.com/sol3/papers.cfmabstract_id=2287202 Profitability"  
[YouTube Link](https://youtube.com/watch?v=f5j9v9dfinQ)  2019-09-14T11:00Z 519K followers, 435.5K engagements


"Large Cap Growth Stocks (FB AMZN AAPL GOOGL MSFT TSLA) Some of the worlds largest companies have dominated stock market returns in recent history. For the five years ending July [----] an equal-weighted portfolio of Facebook Apple Amazon Alphabet Microsoft and Tesla more than quadrupled in value leaving a total market index fund investor in the dust. Who knew beating the market could be so easy Referenced in this video: Do Global Stocks Outperform US Treasury Bills https://papers.ssrn.com/sol3/papers.cfmabstract_id=3415739 Identifying Expectation Errors in Value/Glamour Strategies: A"  
[YouTube Link](https://youtube.com/watch?v=foqswJT3Spc)  2020-09-22T11:30Z 519K followers, 165.4K engagements


"Reasons to Avoid Index Funds Meet with PWL Capital: https://calendly.com/d/3vm-t2j-h3p I generally assume that most of you watching these videos are already fully on board with the idea that index investing makes sense while stock picking and actively managed funds should be avoided like the plague. Most Canadians are apparently not on board with that idea. As of the end of [----] only 11.5% of Canadian investment fund assets that is mutual fund and ETF assets domiciled in Canada were invested in index funds. Referenced in this video: How this familiar stock outperformed Apple Amazon Google and"  
[YouTube Link](https://youtube.com/watch?v=fvGLnthJDsg)  2019-04-27T11:52Z 519K followers, 787.3K engagements


"I (almost) got scammed so you don't have to If you are currently taking trading advice from me on WhatsApp or Telegram you are being scammed by someone impersonating me. If I have emailed you from a gmail address to give you trading advice you are again being scammed by someone impersonating me. If you found your new financial advisor in the comment section of one of my videos and they are earning you huge profits trading crypto and stocks you are being scammed. It does not seem possible to make these scammers go away so I am going to tell you what their scams look like so that you can avoid"  
[YouTube Link](https://youtube.com/watch?v=gJLZRnfstpM)  2025-07-13T12:01Z 519K followers, 79.2K engagements


"The Most Important Quotes in Investing Some of the most valuable wisdom in investing exists in the form of short quotes that distill hard-earned experience and knowledge from expert practitioners and academics into a handful of words. In this video Im going to tell you what I think are the most important quotes in investing - quotes that every investor can and should learn from - why theyre important and how they can be applied to every day financial decisions. ------------------ *Meet with PWL Capital*"  
[YouTube Link](https://youtube.com/watch?v=gV9r3ISZrws)  2025-08-17T12:01Z 519K followers, 114.4K engagements


"Republican Power and Stock Returns Donald Trump won the [----] U.S. presidential election and is set to become the 47th president of the United States. This Republican victory likely contains information about expected stock returns but it may not be the information that you expect to hear. An interesting empirical fact is that the historical equity risk premium going back to [----] has been much higher under Democratic than Republican presidents. This has been referred to as the Presidential Puzzle and its explanation may have implications for expected U.S. stock returns today. CORRECTION: I say"  
[YouTube Link](https://youtube.com/watch?v=gY225CEObO4)  2024-11-24T13:00Z 519K followers, 73.3K engagements


"CPP is More Valuable than Most People Realize Meet with PWL Capital: https://calendly.com/d/cpws-jyp-znp People like to complain about CPP but it is one of the most valuable retirement assets available to Canadians. References: https://zbib.org/fe9a63b38a324cfeb6484f022dd9f258 ------------------ Follow Ben Felix on - Twitter: https://twitter.com/benjaminwfelix Visit Rational Reminder: https://rationalreminder.ca/ Join the Rational Reminder Community: https://community.rationalreminder.ca/ Follow the Rational Reminder on: - Twitter: https://www.twitter.com/RationalRemind - Instagram:"  
[YouTube Link](https://youtube.com/watch?v=hEgdz4-Jm2g)  2024-04-03T21:25Z 519K followers, 64.5K engagements


"Renaissance Technologies Medallion Fund (Jim Simons) The Renaissance Technologies Medallion Fund has reportedly returned 66% per year on average before fees for the period spanning [----] to [----]. Thats right - 66% per year on average. Long-term consistent performance like this raises a lot of questions: Is the market efficient Do index funds still make sense or should you be trying to replicate the trading success of the Medallion Fund The Man Who Solved the Market https://www.amazon.ca/Man-Who-Solved-Market-Revolution/dp/073521798X Reference in this video: - Medallion Fund: The Ultimate"  
[YouTube Link](https://youtube.com/watch?v=hvUyuo53kQQ)  2020-03-07T12:00Z 519K followers, 123.6K engagements


"Investing in Happiness Money has the unique ability to move economic value through time; money made from work done today can be used to fund spending in the future. Time and money are both finite resources that we have to make allocation decisions about on a daily basis. There is no objectively optimal way to allocate time and money but I am going to argue that for human investors these decisions should be anchored in the objective of living a happy life so we need to know where happiness comes from. Timestamps: 0:00 How much is enough 1:03 What is Happiness 4:04 PERMA and Well-Being 6:22"  
[YouTube Link](https://youtube.com/watch?v=iNZk-N6uDcg)  2021-08-28T11:00Z 519K followers, 311.1K engagements


"The Biggest Investing Myth A lot of people think investing means predicting what the market will do next. Research tells a different story. You do not need to guess. You need a simple way to capture the returns markets already offer with diversified low cost index funds. ------------------ Meet with PWL Capital: https://pages.pwlcapital.com/en-ca/contact-usutm_source=content&utm_medium=youtube&utm_campaign=benfelix_yt Avoid Online Scams: https://pwlcapital.com/stay-safe-online/ Follow Ben Felix on - Twitter: https://twitter.com/benjaminwfelix Visit Rational Reminder:"  
[YouTube Link](https://youtube.com/watch?v=iSVZWWpnqDM)  2025-11-14T21:00Z 519K followers, 55.8K engagements


"Renting vs. Buying a Home: What People Get Wrong People tend to assume that homes are great investments - theyre not that mortgages are a wealth building hack - they help but as much as some people think that paying off a mortgage lowers your housing costs - it actually raises them and that owning a home makes people happy - it might but dont count on it. ------------------ Meet with PWL Capital: https://pages.pwlcapital.com/en-ca/contact-usutm_source=content&utm_medium=youtube&utm_campaign=benfelix_yt Avoid Online Scams: https://pwlcapital.com/stay-safe-online/ *PWL Rent vs. Buy Calculator*"  
[YouTube Link](https://youtube.com/watch?v=j4H9LL7A-nQ)  2025-05-11T12:01Z 519K followers, 827.8K engagements


"Five Factor Investing with ETFs Meet with PWL Capital: https://calendly.com/d/3vm-t2j-h3p Before attempting to implement these portfolios please read this: Why It Would Be Ludicrous To Invest In These Model Portfolios https://boomerandecho.com/why-it-would-be-ludicrous-to-invest-in-these-model-portfolios/ Larger companies like Apple and Tesla make up a larger portion of the market compared to smaller companies and these relative weights are reflected in a market capitalization weighted index fund. Letting the market dictate your portfolio weights has lots of advantages but pushing the"  
[YouTube Link](https://youtube.com/watch?v=jKWbW7Wgm0w)  2021-03-27T11:00Z 519K followers, 332.7K engagements


"Is Home Country Bias a Mistake Meet with PWL Capital: https://calendly.com/d/cpws-jyp-znp References: https://zbib.org/f7ba4544493741fab9ca668b592f4085 Home country bias - overweighting your home countrys stocks relative to their capitalization weights - is detrimental at the extremes but modest home country bias is theoretically practically and empirically useful. It can reduce fees and taxes it may hedge the cost of local consumption and it reduces exposure to the potential mistreatment of foreign investors when times get tough. It may also be helpful psychologically due to the role of"  
[YouTube Link](https://youtube.com/watch?v=jN8mIHve1Ds)  2024-02-21T16:13Z 519K followers, 101.5K engagements


"20 Years of Renting vs. Buying a Home in Canada (2005 to 2024) It seems like a foregone conclusion that homeowners have always come out ahead of renters in Canada over the last [--] years but the data do not agree. ------------------ Meet with PWL Capital: https://pages.pwlcapital.com/en-ca/contact-usutm_source=content&utm_medium=youtube&utm_campaign=benfelix_yt Avoid Online Scams: https://pwlcapital.com/stay-safe-online/ *PWL Rent vs. Buy Calculator* https://research-tools.pwlcapital.com/research/rent-vs-buy *Real Estate Data Sources* CREA HPI:"  
[YouTube Link](https://youtube.com/watch?v=lBG-g1CKfgs)  2025-06-22T12:01Z 519K followers, 259.9K engagements


"Comparing U.S. Equity ETFs: VTI vs. DFUS In my video on the problem with index funds I compared DFUS - a low-cost total U.S. market ETF that doesnt follow an index to VTI a total U.S. market index ETF to illustrate how not following an index can be beneficial. Despite these two ETFs being total market funds that are similar along most dimensions DFUS has outperformed VTI since it listed as an ETF in June [----]. ------------------ *References* https://papers.ssrn.com/sol3/papers.cfmabstract_id=5080459 Meet with PWL Capital:"  
[YouTube Link](https://youtube.com/watch?v=lMdGA0ePXzI)  2025-08-03T12:01Z 519K followers, 79.3K engagements


"The Index Fund "Tipping Point" Index funds are mainstream. At year end [----] more of the US stock market was owned by index funds than by actively managed funds. Funds only own about 30% of the US market but taking a broader view of institutional investors assets have been shifting toward more passive institutions. Index investing as a theoretically optimal investment strategy works best in an efficient market but if everyone turns into a passive index investor the market cant be efficient. This is commonly known as the Grossman-Stiglitz Paradox and it has some people raising the alarm about a"  
[YouTube Link](https://youtube.com/watch?v=ltuqXTwWsZ8)  2022-11-16T17:30Z 519K followers, 208.9K engagements


"The Problem With Index Funds Index funds are known for their ultra low fees which dont get me wrong are a great attribute for an investment product but fees are not the only cost that investors need to think about. The details of index and by extension index fund rebalancing lead to hard-to-see but significant costs far in excess of index fund fees. This fact shows cracks in the famous arithmetic of active management. Discussion with the author of Do Index Funds Incur Adverse Selection Costs https://youtu.be/CtjlF4hwv-M References: https://zbib.org/0f8f90d87ca0484d8e4832a9949796a4"  
[YouTube Link](https://youtube.com/watch?v=mqIHa6URUPk)  2025-04-27T12:01Z 519K followers, 307.8K engagements


"Choosing an Asset Allocation (How Much in Stocks vs. Bonds) How much risk you take with your investments is one of the most important determinants of your expected investment returns. But how much risk should you take And what even is risk References: https://zbib.org/e2b0d1c3b3ae444db622bbdae22f9186 Risk tolerance assessment: https://cafnr.missouri.edu/divisions/division-of-applied-social-sciences/research/investment-risk-tolerance-assessment/ ------------------ Meet with PWL Capital: https://pages.pwlcapital.com/en-ca/contact-usutm_source=content&utm_medium=youtube&utm_campaign=benfelix_yt"  
[YouTube Link](https://youtube.com/watch?v=p25PPBgMiEk)  2025-02-02T13:01Z 519K followers, 220.5K engagements


"The Most Controversial Topics in Personal Finance Some personal finance topics are perpetually controversial. Not lets cordially disagree controversial but you have offended everything I stand for controversial. The fact that these topics are controversial is not that interesting on its own but understanding the reasons why they are controversial is fascinating. ------------------ *Meet with PWL Capital* https://pages.pwlcapital.com/en-ca/contact-usutm_source=content&utm_medium=youtube&utm_campaign=benfelix_yt Avoid Online Scams: https://pwlcapital.com/stay-safe-online/ *References*"  
[YouTube Link](https://youtube.com/watch?v=pGgpGP3swmE)  2025-05-25T12:01Z 519K followers, 456.8K engagements


"Why Do Financial Advisors Still Exist Most financial advisors can't outperform a low-cost ETF portfolio that costs a fraction of a percentage point to own. In many ways index funds have effectively "solved" investing. Yet many people continue to delegate their investment management and financial decision-making to financial advisors. References: https://zbib.org/69da8ac719614415ba4dc58e41e86dc3 ------------------ Meet with PWL Capital: https://calendly.com/d/cpws-jyp-znp Follow Ben Felix on - Twitter: https://twitter.com/benjaminwfelix Visit Rational Reminder: https://rationalreminder.ca/"  
[YouTube Link](https://youtube.com/watch?v=pXm29GoVlDM)  2024-09-28T14:00Z 519K followers, 82.3K engagements


"The Truth About Day Trading Day trading the activity of buying and selling the same financial asset on the same day sounds like one of the smartest approaches to investing in stocks. Why bother holding onto an index fund when you can make daily profits And to make day trading sound even better there are lots of people on the internet nice enough to teach you how to trade and make huge easy profits just like them for a fee of course. Timestamps: 0:00 Introduction to what day trading can and cant do for you 0:36 Is day trading an effective strategy 6:43 Day trading for a living 7:52 The paradox"  
[YouTube Link](https://youtube.com/watch?v=qhHOmZVAqBE)  2020-10-24T11:30Z 519K followers, 295.5K engagements


"Why Taking CPP Early Is (Usually) A Mistake Meet with PWL Capital: https://calendly.com/d/cpws-jyp-znp The CPP uptake decision is one of the most consequential financial decisions that most Canadian retirees will make. The difference between optimal and suboptimal claiming can measure in the hundreds of thousands of dollars of expected lifetime income. References: https://zbib.org/7c977b4ef1a641de8c2db26d5c526a19 ------------------ Follow Ben Felix on - Twitter: https://twitter.com/benjaminwfelix Visit Rational Reminder: https://rationalreminder.ca/ Join the Rational Reminder Community:"  
[YouTube Link](https://youtube.com/watch?v=r9vYji99fhk)  2024-04-10T18:43Z 519K followers, 63.5K engagements


"One-Decision Asset Allocation ETFs (VCIP/VCNS/VBAL/VGRO/VEQT XBAL/XGRO) Being a DIY ETF investor is not particularly hard but up until recently it was not particularly easy either. Back in [----] the simplest portfolio around was Robb Engens four-minute portfolio which consists of only two equity ETFs. If you wanted to reduce your equity exposure you would have had to buy a third ETF for bond exposure. Three ETFs is pretty simple but it still requires some thinking for rebalancing and some discipline to rebalance into whatever asset class is down at the time. All of that changed when Vanguard"  
[YouTube Link](https://youtube.com/watch?v=rSn2CT6lDlA)  2019-02-16T12:00Z 519K followers, 192.8K engagements


"Is Investing Risky It is common to think about risk in terms of total loss. You invest your money in a stock things turn sour and your money is gone. This can happen when you invest in a single stock but when you properly diversify your investments it is much less likely. Referenced in this video: Volatility Lessons - https://www.cfainstitute.org/en/research/financial-analysts-journal/2018/faj-v74-n3-6 Do Global Stocks Outperform US Treasury Bills - https://papers.ssrn.com/sol3/papers.cfmabstract_id=3415739 ------------------ Follow Ben Felix on - Twitter: https://twitter.com/benjaminwfelix -"  
[YouTube Link](https://youtube.com/watch?v=thNrIsU88y8)  2019-10-26T11:00Z 519K followers, 115.8K engagements


"Welcome to Common Sense Investing with Ben Felix Im Ben Felix from PWL Capital and this is Common Sense Investing. Subscribe to my series to take advantage of the thousands of hours that I have spent learning about finance and investing in order to provide data and draw on academic research to help people make smart decisions with their money. In the coming weeks Ill break down the trend toward index funds in Canada and the U.S. explain why its so hard to beat the market and give evidence-based context to some of the most common sales pitches that you hear every day. If you want to see me"  
[YouTube Link](https://youtube.com/watch?v=tvXw2Jfqz9w)  2017-05-11T19:08Z 516K followers, 25.5K engagements


"The Problem With Small Cap Stocks In this video I'm going to tell you why you should think carefully about owning small cap ETFs. You probably wont be surprised if I tell you that small-cap stocks in general have outperformed large-cap stocks over the long-term even on a risk-adjusted basis with risk measured as standard deviation. This is well-documented around the world and over time. Small caps were the first market anomaly that challenged the capital asset pricing model and resulted in todays multi-factor models for asset pricing. My name is Ben Felix Associate Portfolio Manager at PWL"  
[YouTube Link](https://youtube.com/watch?v=uErHwq4M6pg)  2019-01-04T14:09Z 518K followers, 221.6K engagements


"Investing In Gold Gold is often cited as having a negative correlation with stocks and a positive correlation with inflation making it sound like an excellent diversifying asset to hold in portfolios. But you shouldn't believe the hype without the evidence. Referenced in this video: The Golden Dilemma - https://papers.ssrn.com/sol3/papers.cfmabstract_id=2078535 Catch up on the latest investing advice insights and white papers here. https://www.pwlcapital.com/teams/passmore-felix/utm_source=youtube&utm_medium=copy&utm_campaign=ben2019&utm_content=dividends ------------------ Follow me on -"  
[YouTube Link](https://youtube.com/watch?v=ulgqlQWlPbo)  2019-08-31T11:00Z 519K followers, 236.8K engagements


"Bank Financial Advice is Worse Than People Realize Meet with PWL Capital: https://calendly.com/d/cpws-jyp-znp Millions of Canadians get financial advice from Canada's big banks but bank financial advice may be doing more harm than good. References: https://zbib.org/c2f2f65a1900445894495b9729872cfd ------------------ Follow Ben Felix on - Twitter: https://twitter.com/benjaminwfelix Visit Rational Reminder: https://rationalreminder.ca/ Join the Rational Reminder Community: https://community.rationalreminder.ca/ Follow the Rational Reminder on: - Twitter: https://www.twitter.com/RationalRemind -"  
[YouTube Link](https://youtube.com/watch?v=v8iOV1Uourg)  2024-04-02T21:16Z 519K followers, 125.3K engagements


"Does Market Timing Ever Work Even the most rational index investors might catch themselves wondering if they should sell some of their equities or delay investing new cash because of expected market volatility or reports of record high stock prices. Referenced in this video: Market Timing: Sin a Little - https://www.aqr.com/-/media/AQR/Documents/Insights/White-Papers/Market-Timing-Sin-a-Little.pdf Dollar-cost averaging just means taking risk later - https://static.twentyoverten.com/5980d16bbfb1c93238ad9c24/rJpQmY8o7/Dollar-Cost-Averaging-Just-Means-Taking-Risk-Later-Vanguard.pdf Daniel"  
[YouTube Link](https://youtube.com/watch?v=w_aOERmUWdA)  2019-05-25T11:00Z 519K followers, 178.9K engagements


"Sustainable Investing (ESG SRI) Individuals and large institutions alike are allocating more of their dollars to investment strategies that meet some level of environmental social and governance criteria. This is commonly referred to as responsible sustainable or green investing. Referenced in this video: - [----] GLOBAL SUSTAINABLE INVESTMENT REVIEW http://www.gsi-alliance.org/wp-content/uploads/2019/03/GSIR_Review2018.3.28.pdf - Sustainability as BlackRocks New Standard for Investing https://www.blackrock.com/uk/individual/blackrock-client-letter - The Contributions of Betas versus"  
[YouTube Link](https://youtube.com/watch?v=weVAN2HxXjk)  2020-02-08T12:00Z 518K followers, 112.5K engagements


"The Problem with Equal Weight Index Funds Market capitalization weighting which is what typical index funds do assign index weights based on each companys size. An equal weighted index fund as the name implies equally weights all of the stocks in a market or market segment. Equal weighting seems like the solution to many of the perceived problems that market capitalization weighted indexes have today like high valuations and high levels of concentration in the top stocks. Equal weighting has actually outperformed cap weighting going back decades but it introduces its own unique risks costs"  
[YouTube Link](https://youtube.com/watch?v=xu7kMpLbJJs)  2026-01-25T11:00Z 519K followers, 109.4K engagements


"Was I Wrong About Covered Calls I did not realize how widespread this financial bullshit had become. These products are likely to be detrimental to long-term investors including those who need income and I think its important for the truth about what they should be expected to do to be articulated in an understandable way. ------------------ *Meet with PWL Capital* https://pages.pwlcapital.com/en-ca/contact-usutm_source=content&utm_medium=youtube&utm_campaign=benfelix_yt *References* https://zbib.org/7e708059a42b4a73bbf093b9c6547e69 *Avoid Online Scams*"  
[YouTube Link](https://youtube.com/watch?v=xzDFbv_JSks)  2025-10-05T12:01Z 519K followers, 98.5K engagements


"Efficient Capital Markets Explained In every one of my videos I tell you things that hinge on one of the landmark ideas in financial economics the efficiency of the capital markets. As fundamental as market efficiency is to good financial decision-making it is poorly understood by most investors. Referenced in this video: Efficient Capital Markets: A Review of Theory and Empirical Work - https://www.jstor.org/stable/2325486seq=1#metadata_info_tab_contents Louis Bachelier's Theory of Speculation: The Origins of Modern Finance - https://www.amazon.com/dp/B007AIXHAA Efficient Capital Markets -"  
[YouTube Link](https://youtube.com/watch?v=yco0sC7AJ2U)  2019-11-09T12:00Z 518K followers, 75.8K engagements


"Covered Calls: A Devil's Bargain The idea that covered calls generate income is financial bulls***. These strategies are mechanically expected to underperform their underlying equity and increasingly so at higher targeted levels of distributions. For long-term investors covered calls increase risk by leaving the downside unprotected while the capping upside eliminating the mean-reverting behavior of stocks - an important feature of stock returns. ------------------ *Meet with PWL Capital*"  
[YouTube Link](https://youtube.com/watch?v=ygVObRx9X68)  2025-09-14T12:01Z 519K followers, 166.2K engagements


"Geometric vs. arithmetic returns Yesterday I posted a video explaining why Dave Ramseys claim that retirees can safely spend 8% of their portfolios did not make sense. I realized after posting that his claim was even worse than I initially thought. The S&P [---] returned around 12% per year 1926-2022 measured as an arithmetic average. Measured as a geometric average which is what matters to investors it has been closer to 10%. ------------------ Follow Ben Felix on - Twitter: https://twitter.com/benjaminwfelix Visit Rational Reminder: https://rationalreminder.ca/ Join the Rational Reminder"  
[YouTube Link](https://youtube.com/watch?v=z2cOEbFYLsA)  2023-11-15T18:54Z 519K followers, 134.2K engagements


"The 2.7% Rule for Retirement Spending Meet with PWL Capital: https://calendly.com/d/3vm-t2j-h3p Is the 4% rule really 2-3% Referenced in this video: - Determining Withdrawal Rates Using Historical Data: https://www.financialplanningassociation.org/sites/default/files/2021-04/MAR04%20Determining%20Withdrawal%20Rates%20Using%20Historical%20Data.pdf - The equity premium: A puzzle: https://www.sciencedirect.com/science/article/abs/pii/0304393285900613 - Is The United States A Lucky Survivor: A Hierarchical Bayesian Approach: https://papers.ssrn.com/sol3/papers.cfmabstract_id=3689958 - The Safe"  
[YouTube Link](https://youtube.com/watch?v=1FwgCRIS0Wg)  2022-12-22T16:45Z 514K followers, 382.5K engagements


"Why Not All Index Funds Are Created Equal Common Sense Investing I frequently talk about Index Funds on Common Sense Investing. With the increasing popularity of index funds index creation has become big business. There are sector index funds smart beta index funds equal weighted index funds and many others making it that much more challenging for investors to make sensible investment decisions. In today's episode of Common Sense Investing I'm going to tell you why not all index funds are good investments. Ill be talking about a lot more common sense investing topics in this series so"  
[YouTube Link](https://youtube.com/watch?v=8dkq4EwIawg)  2018-03-16T13:59Z 515K followers, 82.8K engagements


"Do You Need Permanent Life Insurance Whether or not you need life insurance is a question that many people struggle to answer. It doesnt help that insurance agents are often perceived as pushy sales people who stand to make larger commissions if they sell more expensive products. It is common for life insurance to be absolutely necessary for a family to be financially secure but it is important to choose the right kind of insurance. If you are looking for more information on life insurance you should watch the video series from my PWL colleague Nancy Graham. Referenced in this video: How much"  
[YouTube Link](https://youtube.com/watch?v=Iq6Ivc7Kx9I)  2018-09-28T14:17Z 514K followers, 47.6K engagements


"Should You Currency Hedge Your Portfolio Common Sense Investment with Ben Felix This video is in response to a question from abe on LinkedIN. Abe wanted to know if he should hedge the foreign currency exposure of his equities when the Canadian dollar is weak. There is no question that investing globally is beneficial. Diversification is the best way to increase your expected returns while decreasing your expected volatility. Diversification is after all known as the only free lunch in investing. When you decide to own assets all over the world you are not just getting exposure to foreign"  
[YouTube Link](https://youtube.com/watch?v=K3flJjh00gA)  2017-11-17T14:51Z 515K followers, 69.7K engagements


"Cash is a terrible long-term investment even at 5% interest Meet with PWL Capital: https://calendly.com/d/3vm-t2j-h3p With a 5% return on cash why would anyone want to invest in stocks I know that cash feels good because its nominal value is stable - it feels safe but it is counterintuitively extremely risky for long-term investors. Referenced in this video: Reaching for Yield: Evidence from Households - https://papers.ssrn.com/sol3/papers.cfmabstract_id=4283008 CRASH BELIEFS FROM INVESTOR SURVEYS - https://www.nber.org/system/files/working_papers/w22143/w22143.pdf Who Should Buy Long-Term"  
[YouTube Link](https://youtube.com/watch?v=KdzOlRRHOU8)  2023-08-29T15:45Z 519K followers, 316K engagements


"Dividend Growth Investing I think that one of the single biggest challenges for investors is understanding that dividends do not matter. Referenced in this video: Picking Stocks - https://www.youtube.com/watchv=AecvTErBQY8 Catch up on the latest investing advice insights and white papers here. https://www.pwlcapital.com/teams/passmore-felix/utm_source=youtube&utm_medium=copy&utm_campaign=ben2019&utm_content=dividend ------------------ Follow me on - Twitter: https://twitter.com/benjaminwfelix - LinkedIn: https://www.linkedin.com/in/benjaminwfelix/ PWL Capital Blog Post:"  
[YouTube Link](https://youtube.com/watch?v=UpXI_Vd51dA)  2019-01-19T14:44Z 514K followers, 158.1K engagements


"Renting vs Buying a Home: How to Decide Meet with PWL Capital: https://calendly.com/d/3vm-t2j-h3p Making the housing decision requires careful consideration of both the financial and non-financial impacts and the way that they interact with each other. There is no universally right way to approach housing. In many cases contrary to conventional wisdom and societal pressure renting is a better option than owning both financially and from the perspective of subjective well-being. Referenced in this video: Extrinsic Value Orientation and Affective Forecasting: Overestimating the Rewards"  
[YouTube Link](https://youtube.com/watch?v=q9Golcxjpi8)  2021-11-02T11:00Z 512K followers, 367.9K engagements


"Low Volatility - Low Beta ETFs You may remember that market beta is a measure of the sensitivity between an asset or portfolio and the risk of the overall market. A portfolio with a beta of [--] moves with the market so if the market drops 10% we would expect the portfolio to do the same. A portfolio or asset with a lower beta would be less volatile than the market. In an efficient financial market risk and expected return should be related. Based on this relationship we would expect higher beta stocks stocks with more risk relative to the market to have higher returns. Referenced in this video:"  
[YouTube Link](https://youtube.com/watch?v=xUbJ21WcUWA)  2019-06-08T11:00Z 514K followers, 60.3K engagements


"Are Index Funds Over-Diversified Every now and then I hear the comment that index funds result in over-diversification. The thinking goes that instead of buying all of the companies in an index you might be able to focus on a smaller subset that you believe will perform better than the market. It makes sense. Of course you cant beat the market by holding it. The problem is that decreasing diversification leads to a wider range of possible outcomes with a disproportionately large probability of a negative outcome relative to the market. Referenced in this video: Some Tough Love About Dividend"  
[YouTube Link](https://youtube.com/watch?v=xfdMDGIABek)  2019-06-22T11:00Z 516K followers, 78.1K engagements

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