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Think Smart with TMFG

Author: The McClelland Financial Group of Assante Capital Management Ltd.

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Take control of your financial destiny with great insights, tips and advice from the team at The McClelland Financial Group of Assante Capital Management Ltd.
95 Episodes
What steps should you consider taking to ensure a smooth transition into retirement? How should you handle your accounts over the next few years? What are the tax benefits of changing tax brackets? How to cope with your debt. Consider how your future health might be affected. When should CPP be taken? Do both you and your partner have the same ideal retirement in mind? We answer these and many more questions today on ThinkSmart. 
The first Bitcoin ETF was recently launched, and it's certainly become very hard to ignore it in the marketplace. However, there are two sides of this figurative coin; the financial perspective and the technological perspective. There is a severe lack of information and mystery around how it actually works.  While it may, in fact, really help in third-world commerce,  there is still a ton of volatility and uncertainty surrounding it. Join us as we discuss the ins and outs of Bitcoin!
Does anyone know off the top of their head the difference between mutual funds and ETFs? For all intents and purposes, they are pretty similar. However, you may be surprised to know that there are a number of subtle distinctions that can make a difference to your pocketbook.Listen today to find out more!
Have you made your first million yet? It's not as hard as you might think. Believe it or not, there are some pretty straightforward steps you can take to get there. Listen today as Rob and Mike give you their personal accounts of how their very practical financial decisions worked out and how you might be in a position to do the same.
Signals of financial change: What types of change are we seeing, and what is the impact on your life?In many parts of the world where there previously had been none, a rising middle class is working towards a more desirable lifestyle and driving up costs. While at the same time, in the western world, our priorities are shifting from owning things to experiencing things. From the minimum wage worker to the corporate executive, things are on the move.We are in a period of growth and the world is changing in so many new ways. Find out more here today on ThinkSmart.
With some time on our hands and many fewer distractions, now is the perfect time to start dusting off some of those old forgotten estate documents. Rob and Mike discuss best practices and some tips and tricks to help you and the important people in your life cope with your estate.
Lockdown is getting pretty tough on all of us. This week on ThinkSmart, Rob and Mike look at what we can do to keep ourselves occupied. Let's start checking off some of those need to-dos that we keep putting off.       
How much control do you want to have of your portfolio? Find out what simple choices you can make to stay successful. We discuss the fundamental differences and problems between heavily weighted fixed income or equity portfolios and what we believe is the undisputable smart choice. Fear often over-shadows historical data to the detriment of investors. Learn how to escape the mistakes investors continue to make. Today on ThinkSmart. 
How will Canada and the world begin to tackle their trillions of dollars in debt? Will increasing taxes be their only option, and if so, which tax type will even make it possible? We see movement and changes everywhere we look. Retail is struggling while social media is thriving. Is the department store well and truly dead? Which way will the interest rate be heading? Even the real estate markets are changing in ways we could not have predicted. Listen today to hear our prognosis for the coming year.
No one would argue that AI is not doing miraculous things in all areas of our modern lives. We see an elimination of errors, lengthy monotonous tasks are often completed at record speed and with great efficiency. Still, they are missing one thing - the human element. Sure, Robo-Advisors have become very good at some of the basic aspects of portfolio management, but they lack a certain amount of foresight. They cannot wholly comprehend the variables, personalities, or complexity of a clients' entire financial situation. Today on ThinkSmart, we discuss both the pro and cons of Robo-Advisors.
Dangers in the Market

Dangers in the Market


There are sharks in the water that will never change. But what you can always rely on is the efficiency of the financial market. In this day and age, when news is disseminated instantaneously, it's hard to have the inside track on any given situation. Rob and Mike discuss the beauty of the free market system and how it remains a constant through time.
The media can be a veritable lion's den. Every agency, publication, newspaper, commercial, or newsfeed is grasping for your view and your time. Each one working harder than the next to sell you their idea. In this minefield of information, how do you understand what to do and what information is rational? As an investor, the feat is practically impossible. Statistics manipulate, factoids are deceptive. What can you do to avoid being a sucker for financial proselytization? Today on ThinkSmart, learn how to navigate financial indecency.  
We all know the media's impact on our mindset, and our decision making is huge, but how does it affect our thought process when making financial decisions? It's important to remember that a large part of the media's job is to entertain. It's not always about getting you all the facts but more often about keeping you engaged long enough for you to see the advertising or the commercial.  Not surprisingly, people turn to important people in their lives for advice, Doctors, Lawyers, friends, and family. If we look at the data on who people most often get alternative financial advice from, the results are surprising but do you see a teacher about your broken arm?We discuss how armchair advice can do more harm than good and we take a look into this not so uncommon idea of Financial Pornography. This and more today on ThinkSmart!  
Today we discuss what we can do to eliminate one of the biggest evils in our financial lives; debt.  It can be as simple as creating a budget, paying yourself first and looking at your options when it comes to mortgage debt.  Rob and Mike go into the details of these and many more strategies that can help you to get yourself on the right track with your savings and expenses.This and More Today on ThinkSmart!
The credit market in Canada is now 28 billion dollars. 50% of all Canadians are facing insolvency. How are we functioning with all this debt and what are some of the common and most detrimental mistakes that we make that lead us into this inescapable prison? What is the connection between investing and debt? Discover this and more today on ThinkSmart!
The ins and outs of TFSAs. How to tax allocate your portfolio from interest income from your GICs. How to use REITS to your advantage. Where should your fixed investments and equities live? The tax implications of active investing vs passive investing. How and when to trigger a capital loss. This and More today on ThinkSmart.
Episode 78: ThinkSmart There is no question, taxes are difficult to understand, and most people want to fall asleep the minute you mention them. However, there are many different types of taxation and they all play a significant part in your finances. In fact, the list it seems, is practically endless; from the little-known hydro tax to land transfer and investment taxes. Learn about marginal tax rates, average tax and interest income vs dividend income.  This and More Today on ThinkSmart!
Inflation plays an enormous role in the stability of your financial future. There are adjustments and best practices that are required to keep your portfolio in check with the pace of inflation. Know for sure how you are invested and that you will have peace of mind in retirement. Learn This and More Today on ThinkSmart!
Inflation is that incremental little evil that sneaks up on you when you are not looking. Inflation rates seem in many ways to have a mind all of their own. Why is it that we see this confounding lack of consistency in so many areas; from housing to automobiles. Is it simply luxury items that fall victim to this unscrupulous rate of increase or is it more prevalent than we think? Are you certain that how you have your money invested will be able to keep up? We explore this and more today on ThinkSmart!
Join us for the third and final part of our interview series with Dr. Riley Moynes as he discusses his latest book; "The Ten Lessons: How You Too Can Squeeze All the Juice Out of Retirement". What is the secret to a successful retirement? Reinvent yourself. Finding your purpose in retirement and contributing your unique knowledge to create a rich and vibrant community, can help you to have an amazing sense of satisfaction in this extraordinary time of your life.Learn This and More Today on ThinkSmart.
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