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DIY Wealth Canada Podcast
Bob Lai and Nelson Smith
14 episodes
1 day ago
Join hosts Bob Lai and Nelson Smith as they talk about wealth creation strategies, investing tips, and much, much more, all from a fiercely independent (and Canadian!) perspective.
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Investing
Business
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All content for DIY Wealth Canada Podcast is the property of Bob Lai and Nelson Smith and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Join hosts Bob Lai and Nelson Smith as they talk about wealth creation strategies, investing tips, and much, much more, all from a fiercely independent (and Canadian!) perspective.
Show more...
Investing
Business
Episodes (14/14)
DIY Wealth Canada Podcast
Ep 14 - Our Top 5 Holdings

This is the one y'all have been waiting for.


One of the most common questions we get are about our top portfolio holdings. Readers and listeners want to know what we own and why we own it. This week we pull back the curtain and discuss our top holdings, including detailed analysis on why we've chosen these names.


Don't miss this one and while you're here, hit that subscribe button so you don't miss another episode.

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1 week ago
47 minutes 48 seconds

DIY Wealth Canada Podcast
Ep 13 - RESPs

This week on the pod Bob and Nelson tackle one of the biggest financial mysteries for parents, RESPs. We tackle the ins and outs of the accounts, what you can do if your kids don't end up going to university, some more basic RESP strategies, and a whole lot more.


For more on RESPs, check out Bob's massive guide to the account. It'll tell you everything you need to know.


Bob was traveling when we recorded this episode, so his audio quality might not be quite as good as normal.


And, as always, if you'd like more Bob in your life, checkout http://tawcan.com. Nelson's writing can be found at http://CanadianDividendInvesting.com

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2 weeks ago
44 minutes 5 seconds

DIY Wealth Canada Podcast
Ep 12 - How Young is Too Young to Retire?

Dream of throwing off the shackles of your crummy job?

Want to know how much it'll take to never have to work forever?

In this week's episode Bob and Nelson talk about early retirement -- including just how much you'll need (spoiler alert: this question has no simple answer) and the pitfalls of a potential retirement that lasts longer than your working career. A must-listen for any potential early retiree in Canada.

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3 weeks ago
48 minutes 3 seconds

DIY Wealth Canada Podcast
Ep 11 - Monthly Dividend Stocks

Looking for monthly dividend income? This this episode is for you. Bob and Nelson discuss the pros and cons of monthly dividend stocks, helping listeners decide whether they belong in their portfolio. We then discuss a few of our favourite monthly dividend payers.


If you're interested in a list of monthly dividend paying stocks, Nelson maintains one you can find here:


https://www.canadiandividendinvesting.com/c/monthly-dividend-stocks

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1 month ago
37 minutes 35 seconds

DIY Wealth Canada Podcast
Ep 10 - The Best Dividend Stock in Canada

This week's episode is for the dividend investors out there! Bob and Nelson discuss a few of their favourite Canadian dividend stocks, but with the important caveat that different investors will have their own favourites based on what they're looking for.


Make sure to give DIY Wealth Canada a follow so you never miss another episode, and check out both http://tawcan.com and http://CanadianDividendInvesting.com for more Bob and Nelson.

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1 month ago
46 minutes 6 seconds

DIY Wealth Canada Podcast
Ep 9 - Overcomplicating Simple ETF Strategies

This week Bob and Nelson tackle a big mistake we see investors do all the time -- when they take simple ETF portfolios and feel the need to tinker with them, and how the financial industry enables this by creating so many similar products. The result? Portfolios with overlap, extra fees, and just plain underperformance. A must-listen for any ETF investor.


Make sure to give DIY Wealth Canada a follow so you never miss another episode, and check out both http://tawcan.com and http://CanadianDividendInvesting.com for more Bob and Nelson.

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1 month ago
40 minutes 16 seconds

DIY Wealth Canada Podcast
Ep 8: Our Biggest Investing Mistakes

This week's episode looks at some of the biggest mistakes both Bob and Nelson have made in their investing journeys. Nelson talks about his past as a (terrible) deep value investor, while Bob's biggest mistake was putting his hard-earned cash into high MER mutual funds. We go over those mistakes, plus many more.



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1 month ago
48 minutes 35 seconds

DIY Wealth Canada Podcast
Ep 7: Hedging Your Consumption

This week on the pod Nelson and Bob talk about the powerful concept of hedging your consumption -- the practice of investing in the things you consume. Examples might be buying shares in your telecom provider, local utility, or bank.


But more importantly, such a strategy really helps mentally. Tune in to hear what we mean about that.

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2 months ago
44 minutes 40 seconds

DIY Wealth Canada Podcast
Ep 6: Income Investing vs. Dividend Investing

This week Bob and Nelson tackle one of Nelson's biggest pet peeves: income investing. We discuss the differences between income investing and dividend investing, two very different things that many think are quite similar. We dive deep into how income investing works, and how many of the enticing yields offered come with some pretty big red flags.

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2 months ago
41 minutes 42 seconds

DIY Wealth Canada Podcast
Ep 5: Mark Seed on FIWOOT, Withdrawal Strategies, and More

This week Bob and Nelson are joined by Mark Seed, who is closing in on early retirement. We ask Mark about the FIWOOT concept, how he plans to withdraw from his retirement funds, cash cushions for the early retiree, and a ton more.


You can find more of Mark at http://myownadvisor.ca.

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2 months ago
44 minutes 55 seconds

DIY Wealth Canada Podcast
Ep 4: Dividends vs. Total Return

In this episode, Bob and Nelson tackle the question that will always elicit an opinion -- should you invest with dividends in mind, or should you always aim for the best total returns?


Bob explains how he invests in indexes to go for total returns and dividend stocks for income, while Nelson raises some eyebrows with his dividend-only style. If it doesn't pay a dividend, he won't invest. Yet he's still confident a dividend strategy can deliver good total returns over time.


What are your thoughts on this classic debate? Find us on Twitter/X (Nelson is @CDINewsletter, while Bob is @Tawcan) and let us know.

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2 months ago
45 minutes 25 seconds

DIY Wealth Canada Podcast
Ep 3 - REITs

This week on the show Bob and Nelson discuss Canadian REITs. Topics covered include how they fit into our overall strategies, how Nelson looks at which REITs to own, and discussion of a few of our favourites in the sector.

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2 months ago
51 minutes 55 seconds

DIY Wealth Canada Podcast
Ep 2: How We Build Wealth

This week on the show Bob and Nelson discuss the various strategies they've used to build wealth over the years. We talk about budgeting, maximizing your savings rate, and how we both embraced frugality. Bob points out how important it is to maximize your earnings at work, while Nelson explains why your savings rate is so important -- especially when you start.

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3 months ago
44 minutes 24 seconds

DIY Wealth Canada Podcast
Ep 1: Intro

In the inaugural edition of the DIY Wealth Canada Podcast, Bob and Nelson talk about their financial journeys. We touch on how we got interested in finance, why we invest the way we do, the importance of financial plans , and much more.


For more on Bob's journey, check out http://tawcan.com, where he writes about all things finance, with an emphasis on investing and his personal journey.


And for more on Nelson, check out http://CanadianDividendInvesting.com, where he writes about everything Canadian dividend investing related.

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3 months ago
58 minutes 54 seconds

DIY Wealth Canada Podcast
Join hosts Bob Lai and Nelson Smith as they talk about wealth creation strategies, investing tips, and much, much more, all from a fiercely independent (and Canadian!) perspective.