Worth Investing with Jonathan Wellum

📩 Get The Principled Investor — Our free newsletter plus two free guides on retirement income and biblical wealth stewardship: rocklinc.com/principledinvestorJonathan Wellum joins Marc Patrone as Canada hosts its first Canada Investment Summit, a showcase of government-selected "nation-building" projects aimed at pulling global capital back into the country. Jonathan's question is simple: who should be picking the winners?The conversation maps to Independent Stewardship and the Canadian economy pillar: why capital allocated by political selection rather than return on investment tends toward cronyism and waste, and why investors who carry real risk make better stewards of capital.Ottawa insists it isn't crowding out the private sector. Jonathan disagrees. Roughly five or six pieces of legislation over the past decade have driven an estimated $600 billion to $1 trillion of capital out of Canada because building here became too expensive. The new approach offers tax incentives, fast-tracked tax rulings, and regulatory relief, but routes the biggest projects through Ottawa and toward the largest global asset managers and sovereign funds. Jonathan welcomes the investment Canada badly needs, but warns that projects should be allocated on returns in the private market, not handpicked. 📖 Chapters0:00 — Introduction0:13 — A summit to sell Canada to investors0:48 — Is Ottawa picking winners?2:22 — Why government doesn't trust the free market2:54 — $600 billion to $1 trillion driven out of Canada3:11 — Handing projects to the biggest players4:04 — Ottawa is not a good investor4:51 — Why risk makes a better steward5:55 — Free markets are a magnet for capital8:30 — Who's really coming to the summit9:39 — Starved for capital: productivity and GDP per capita10:44 — "Unmatched competitiveness"? Ontario's four-decade slide11:46 — The EV battery plant lesson12:00 — Get out of the way: what would actually work13:27 — How to reach ROCKLINCWatch on YouTube: youtu.be/LWiIFgwOMisSubscribe: youtube.com/@RockLincPartnersPlease visit rocklinc.com for the latest prospectus, Fund Facts, and other information on the ROCKLINC Principled Equity ETF.Connect with usGet a free portfolio review with Jonathan Wellum and the ROCKLINC team: bit.ly/4anVNzdGet to know Jonathan Wellum: youtu.be/ezMiX0FtZ7gFollow usX: x.com/RocklincIPFacebook: facebook.com/rocklincLinkedIn: ROCKLINC Investment PartnersYouTube: youtube.com/@RockLincPartnersWant help achieving your financial goals?✉️ [email protected]📞 905.631.5462Disclaimer: The views expressed are those of ROCKLINC Investment Partners Inc. as of the date of recording and are subject to change. This material is for information only and is not investment, legal, or tax advice. ROCKLINC and/or its funds, including RKLC, may hold positions in any security discussed. Past performance is not indicative of future returns.

Is Canada walking a tightrope between rising interest rates and a falling dollar?Jonathan Wellum, CFA, President & CEO of Rocklinc Investment Partners, joins Marc Patrone on News Talk Sauga 960 to discuss why rising US Treasury yields are repricing equities and gold, what a Canadian dollar in the low 70s means for inflation and purchasing power, and why retaliatory tariffs raise prices on the imported goods Canadians depend on. Jonathan also unpacks last week's GDP numbers — where the strength came from energy, mining, and truck production — and makes the case that prolonged trade uncertainty in the auto sector means Canada loses ground every day a deal isn't done.Learn more: rocklinc.comThe Principled Investor newsletter: rocklinc.com/principledinvestorThe views expressed are those of the speakers and are for informational purposes only. Not financial advice. Please see rocklinc.com.

👉 Click Here to Subscribe: @RockLincPartners📩 Get The Principled Investor — Our free newsletter plus two free guides on retirement income and biblical wealth stewardship: rocklinc.com/principledinvestorShow DescriptionBond yields are climbing — the U.S. 30-year is at its highest level since 2007 — and the market is sending a message about inflation, deficits, and trust. Jonathan Wellum, CFA (CEO & CIO, Rocklinc Investment Partners) joins Marc Patrone on News Talk Sauga 960 to break down what rising rates mean for Canadian investors: the tariff deadline with the U.S., why $1 trillion in capital has left Canada over the past decade, the pressure on the Canadian dollar, why central banks worldwide are stacking gold while the Bank of Canada holds zero, and the investment playbook when yields rise — short duration, essential and scarce businesses, hard assets, and caution on high-multiple tech.📖 Chapters ⏰00:00 Segment Intro and Guest00:29 Tariff Deadline Impact01:35 Canada US Trade Leverage02:22 Why Cutting Oil Fails03:10 Bond Yields Rising Explained04:40 Inflation Deficits and AI06:19 Weak Canadian Dollar Causes10:20 Gold Reserves and Policy11:20 Portfolio Strategy for Rates12:37 Contact and Closing13:07 Investment Strategies for Volatility: rocklinc.com/etfConnect with us!Get a free portfolio review with Jonathan Wellum and the team at Rocklinc: Book hereGet to Know Jonathan Wellum: WatchPlease visit rocklinc.com for the latest prospectus, Fund Facts, and other information on the ROCKLINC Principled Equity ETF: rocklinc.com/etf · ETF overview videoLearn more about Rocklinc: YouTube playlist or visit rocklinc.comFollow us on social media👉 X👉 Facebook👉 LinkedIn👉 YouTubeWant help achieving your financial goals? Contact us!✉️ [email protected] or 📞 905.631.5462🔗 rocklinc.com📩 Subscribe to The Principled Investor newsletter: rocklinc.com/principledinvestorROCKLINC and/or RKLC may hold positions in securities discussed. This content is for informational purposes only and is not financial advice. Please see rocklinc.com.Subscribe and Listen to the Worth Investing Podcast 📱➡︎ YouTube➡︎ SpotifyDisclaimer: Please see rocklinc.com for further information. This content is for informational purposes only.Copyright © 2026 ROCKLINC Investment Partners Inc. All rights reserved.

👉 *Click Here to Subscribe* @RockLincPartners💰 *More from Worth Investing* https://www.youtube.com/playlist?list=PLjbJS8-FZgaH4MJzgk5oC8AmmvbwO48ay*Show Description*Matthew Hallick speaks with ROCKLINC Investment Partners CEO Jonathan Wellum have a followup disucssion on Jonathan's recent article "A Biblical Diagnosis of Suicidal Empathy and the West's Death Spiral," which reasoning from Gad Saad's Suicidal Empathy to R.J. Rushdoony's The Politics of Guilt and Pity and F.A. Hayek's The Fatal Conceit, argues that economics is a moral philosophy and that a culture unable to resolve guilt in Christ will look to the state to absolve it. 📄 *READ* - A Biblical Diagnosis of Suicidal Empathy and the West’s Death Spiral by Jonathan Wellum:* https://rocklinc.com/newsroom/a-biblical-diagnosis-of-suicidal-empathy-and-the-wests-death-spiral/▶️ *WATCH* https://youtu.be/yNhuWblQjjAAlong the way: how government grew from 15–20% of GDP to nearly half, why three of the Ten Commandments speak directly to economics, what the roughly $8 trillion held by U.S. billionaires looks like beside the $170 trillion held by the middle class, Canada's lost decade and a dollar that has slipped from par in 2011 to about 70 cents, and John Winthrop's 1630 "A Model of Christian Charity" as a picture of ordered generosity. Wellum closes on why capitalism requires virtue, how ROCKLINC invests around these long-term trends, and the ROCKLINC Principled Equity ETF (TSX: RKLC).📖 *Chapters* ⏰0:00 Cold Open0:18 The Article Behind the Conversation0:52 Why a Money Manager Weighs In on Culture2:35 Gad Saad and Suicidal Empathy5:06 Economics Is a Moral Philosophy7:45 Rushdoony: The Politics of Guilt and Pity10:37 When the State Becomes the Redeemer14:02 Blaming the System Instead of the Heart16:15 How Government Grew to Half the Economy18:19 Hayek: The Fatal Conceit and the Road to Serfdom23:07 Where the Wealth Actually Is: $8T vs $170T24:46 The Moral Case for Free Markets26:47 Who Actually Creates Wealth29:55 Three of the Ten Commandments Are Economic32:49 Canada's Lost Decade and the 70-Cent Dollar33:30 Capitalism Requires Virtue34:46 Sin Is Directional, Not Structural37:19 Winthrop's Model of Christian Charity40:04 The Ovarian Lottery vs. Providence42:41 Why the Answer Is Reformed, Not Just Christian49:01 Victimhood vs. Moral Agency50:02 Empathy Must Be Ordered, Not Abolished51:14 Free Resources: Stewardship Booklet and Retirement Guide54:16 How to Reach Rocklinc54:58 The RKLC Principled Equity ETF56:18 Closing: Deuteronomy 3058:01 Rocklinc Principled Investing: https://rocklinc.com/etf/===========================*Connect with us!*=============================Get a free portfolio review with Jonathan Wellum and the team at Rocklinc; visit: https://bit.ly/4anVNzdGet to Know Jonathan Wellum: https://youtu.be/ezMiX0FtZ7g*Please visit https://www.rocklinc.com for the latest prospectus, Fund Facts, and other information on the ROCKLINC Principled Equity ETF: https://rocklinc.com/etf/ https://youtu.be/e34BGJZlqDA?si=i2I7gqZlkyj83sbB*Learn more about Rocklinc: https://www.youtube.com/playlist?list=PLjbJS8-FZgaExMwLylSU6IOMMaSkT0y_P or visit our website: https://www.rocklinc.com*Follow us on social media*👉 X: https://x.com/RocklincIP👉 Facebook: https://www.facebook.com/rocklinc👉 LinkedIn: https://www.linkedin.com/company/19148766/admin/dashboard/👉 YouTube: https://www.youtube.com/channel/UCvEh2n3BPa69TBsnVD1J1JQ*Want help achieving your financial goals? Contact us!*✉️ [email protected], or 📞 call us 905.631.5462.🔗 https://www.rocklinc.com*Disclaimer:*Please see rocklinc.com for further information. This content is for informational purposes only.Copyright © 2026 ROCKLINC Investment Partners Inc. All rights reserved.#WorthInvesting #Rocklinc #ValueInvesting #PrincipledInvesting #SuicidalEmpathy #JonathanWellum #Rushdoony #Hayek #RKLC

👉 *Click Here to Subscribe*  ⁨@RockLincPartners⁩  💰 *More from Worth Investing* https://www.youtube.com/playlist?list=PLjbJS8-FZgaH4MJzgk5oC8AmmvbwO48ay*Show Description*Host Marc Patrone speaks with RockLinc Investment Partners CEO Jonathan Wellum about a sharp market rally (Dow up over 1,000 points) driven by hopes of a deal involving Iran and the Strait of Hormuz, sending oil down about 5.7%, alongside a renewed surge in the AI trade and strong, broadly based U.S. earnings. Wellum cautions that extreme volatility and high valuations warrant a medium-to-long-term focus, diversification, and avoiding overconcentration, noting risks “below the surface” such as the unwinding of the leveraged yen carry trade and rare intervention to support the yen. The discussion also covers impending U.S. tariffs on Canadian goods, ongoing pressure on Canadian manufacturing, the growth of Ontario’s public sector, and Canada’s rising imports from the U.S., including computers and peripherals, as the U.S. re-industrializes and attracts capital and talent.📖 *Chapters* ⏰00:00 Market Rally Headlines00:33 Oil and Hormuz Volatility01:34 AI Trade and Earnings Surge03:10 Hidden Risks and Diversification04:50 Rickards Explains Yen Carry07:35 Why Gold and Currencies Matter08:43 Canada Tariffs and Economic Drift10:16 Ontario Decline and Big Government11:32 Record US Imports and Data Centers13:19 Rocklinc Contact and Closing13:56 Rocklinc Value Investing Ad: https://rocklinc.com/etf/ ===========================*Connect with us!*=============================Get a free portfolio review with Jonathan Wellum and the team at Rocklinc; visit: https://bit.ly/4anVNzdGet To Know Jonathan Wellum: https://youtu.be/ezMiX0FtZ7g*Please visit https://www.rocklinc.com for the latest prospectus, Fund Facts, and other information on the ROCKLINC Principled Equity ETF: https://rocklinc.com/etf/ https://youtu.be/e34BGJZlqDA?si=i2I7gqZlkyj83sbB*Learn more about Rocklinc: https://www.youtube.com/playlist?list=PLjbJS8-FZgaExMwLylSU6IOMMaSkT0y_P or visit our website: ⁠https://www.rocklinc.com*Follow us on social media*👉 X: https://x.com/RocklincIP⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠👉 Facebook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠: https://www.facebook.com/rocklinc⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠👉 LinkedIn⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠: https://www.linkedin.com/company/19148766/admin/dashboard/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠👉 YouTube⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠: https://www.youtube.com/channel/UCvEh2n3BPa69TBsnVD1J1JQ*Want help achieving your financial goals? Contact us!* ✉️ [email protected], or 📞 call us 905.631.5462.🔗 https://www.rocklinc.com===========================*Subscribe and Listen to the Worth Investing Podcast HERE*📱 ===========================➡︎ YT:  ⁨@RockLincPartners⁩  https://www.youtube.com/playlist?list=PLjbJS8-FZgaH4MJzgk5oC8AmmvbwO48ay➡︎ Spotify: https://open.spotify.com/show/7jvdMbs6xJImhFphSyCIAE?si=258d98dbb7224257*Disclaimer:* Please see rocklinc.com for further information. This content is for informational purposes only.Copyright © 2026 ROCKLINC Investment Partners Inc. All rights reserved.#WorthInvesting #Rocklinc #ValueInvesting #PrincipledInvesting #CanadianEconomy #JonathanWellum #MarcPatroneShow #RKLC