Strictly Money with Saijal Patel Saijal Patel
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Join millions of Canadians each week who want to master their personal finances. Hosted by former CNBC and BNN anchor, CFA Charterholder and financial wellness advocate Saijal Patel.
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Decoding Sell in May: Investment Strategies and Market Sentiments
Philip Petursson, Chief Investment Strategist at IG Wealth Management is back with his economic and market outlook.
We unravel the S&P500 performance and the "sell in May and go away" investment strategy, uncovering what this means for investors.
We also delve into the pressing topic of rate cuts by the Federal Reserve and Bank of Canada, and when these pivotal decisions might occur. Plus, we explore sectors that are still cheap and how "magnificent 7 stocks" are influencing market dynamics.
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TIMESTAMP:
00:00 No advantage in selling stocks based on trends.
05:15 Fed cautious about raising rates before election.
09:19 Canadian economy faces growth and productivity challenges.
10:34 Interest rate cuts weaken Canadian dollar, impact inflation.
13:31 Rate cut expectations already priced in market.
18:30 Market performance displays healthy diversity and breadth.
20:12 AI and machine learning are the latest trends.
23:27 Optimistic about global economy for 2023-2024.
27:12 Long term view, manage risk, ignore volatility.
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GUEST LINKS & RESOURCES:
The Living Market Podcast Hosted By Philip Petursson: https://www.ig.ca/en/insights/podcast
LEARN MORE ABOUT BMO ETFS (SPONSOR):
https://www.bmo.com/main/personal/investments/etf/
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Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts.
Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/
Follow on X: https://twitter.com/strictlymoneytv
Get in touch: https://saijelle.com/contact-us/
Join Saij Elle’s FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/ -
Weekly Insights: Best Financial Advice – Lessons from Guests
Welcome to my weekly insights segment on Strictly Money, where I distill timeless financial wisdom shared by my esteemed guests.
We uncover the essential strategies for saving, investing, and debt management that stand the test of time.
This podcast shares some of the best financial advice from legendary experts Joe Canavan, Jason Heath, Alfred Lee, Cathy Wood, Geoff Turner and Rebecca Oakes.
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Key moments:
00:00:01 Introduction and Importance of Personal Questions in Finance
00:01:31 Joe Canavan's Advice on Paying Yourself First
00:02:50 Jason Heath on the Importance of Saving Habits
00:04:06 Cathie Wood on Long-Term Investment Perspective
00:05:51 Geoffrey Turner and Rebecca Oakes on Managing Debt and Credit
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Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts.
Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/
Follow on X: https://twitter.com/strictlymoneytv
Get in touch: https://saijelle.com/contact-us/
Join Saij Elle’s FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/ -
Let's Talk: Supporting Aging Parents with Laura Tamblyn Watts
In this episode, we embark on the poignant journey of navigating aging parents. This evolution requires heartfelt conversations about health, caregiving, and the practicalities of downsizing.
Our special guest, Laura Tamblyn Watts, joins us to illuminate these vital discussions. Laura is not only the author of the newly released book "Let’s Talk About Aging Parents," but she also serves as the CEO of CanAge, Canada's leading seniors advocacy organization. With her wealth of experience and expertise, Laura helps us navigate the often challenging terrain of eldercare and family support.
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TIMESTAMP:
00:00 Supporting loved ones through various life stages.
04:53 Aging in place and parenting our parents.
06:57 Avoid bright lights while driving at night.
10:05 "Prepare for emergencies and stay informed."
13:30 Use I statements, not submissive compliance, especially for women.
18:39 Consider aging in place, Ontario waitlist.
20:19 Choose representation wisely for all decision-making.
23:44 Choosing the right trustee is critically important.
26:00 Authorize responsible management of online accounts.
32:04 Estate planning, trust, tax, and family discussion.
33:24 Focus on positive future plans in conversations.
36:51 Information overload leads to financial decision confusion.
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GUEST LINKS & RESOURCES:
CanAge: https://www.canage.ca
LEARN MORE ABOUT BMO ETFS (SPONSOR):
https://www.bmo.com/main/personal/investments/etf/
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Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts.
Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/
Follow on X: https://twitter.com/strictlymoneytv
Get in touch: https://saijelle.com/contact-us/
Join Saij Elle’s FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/ -
Weekly Insights: Cutting Through Financial Noise – Why It Matters
Welcome to Weekly Insights, where I dive into the world of personal finance with a critical eye on the noise that surrounds us.
I’ll unravel the complexities of financial chatter that often clouds our judgment and share practical tips and strategies to navigate through market hype, media sensationalism, and societal pressures that can impact our financial wellbeing.
Whether you're a seasoned investor or just starting out on your financial journey, getting clarity amidst the noise will empower you to make informed decisions and stay focused on your financial goals.
Key moments:
00:00:01: Navigating Financial Noise: How to Make Smart Money Moves
00:02:14: The Market Hype Dilemma: Fear, Greed, and Sensible Investing
00:03:46: Cutting Through the Noise: Building a Solid Financial Plan
00:05:08: Mastering Financial Clarity: Mindfulness in Money Management
00:06:01: Pause, Breathe, Reflect: Making Emotionally Smart Financial Choices
Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts.
Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/
Follow on X: https://twitter.com/strictlymoneytv
Get in touch: https://saijelle.com/contact-us/
Join Saij Elle’s FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/ -
Re-evaluating Canada's Income and Wealth Equality
In this episode, we delve into the surprising reality of Canada's income and wealth gap compared to its U.S. counterpart. Despite common perceptions, recent revelations from the report "Billionaire Blindspot" challenge the accuracy of data collected by Statistics Canada, shedding light on a previously overlooked aspect of economic disparity.
Join me as Dan Skilleter, the Director of Policy at Social Capital Partners and author of the report, shares insights derived from his extensive experience in policy advising. Gain a deeper understanding of the nuances shaping Canada's economic landscape and the implications for its citizens.
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TIMESTAMP:
00:00 Wealth inequality in Canada similar to US.
04:05 Statistics Canada surveys Canadians every few years.
06:33 US survey has better, more accurate data.
10:38 Popular measurement of income inequality in countries.
14:46 Capital gains tax rate increased to 66%.
19:09 Political argument with merit, but potential downside.
22:59 Challenges in accessing wealth data in Canada.
24:39 We sent data to the government strategically.
27:26 Questioning two-week pay cycle, suggesting daily pay.
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GUEST LINKS & RESOURCES:
Link to Billionaire Blindspot report: https://www.socialcapitalpartners.ca/scpreports
LEARN MORE ABOUT BMO ETFS (SPONSOR):
https://www.bmo.com/main/personal/investments/etf/
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Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts.
Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/
Follow on X: https://twitter.com/strictlymoneytv
Get in touch: https://saijelle.com/contact-us/
Join Saij Elle’s FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/ -
Weekly Insights: Breaking the Taboo - Talking Finances as a Couple
Why do so many couples avoid talking about money when it’s essential in order to build and protect one’s wealth?
Join me as I explore why couples need to discuss their finances and, more importantly, how to navigate these conversations effectively.
Research consistently highlights that couples who openly communicate about money are happier and more fulfilled in their relationships. However, despite these findings, many couples still find it challenging and awkward to broach the subject.
So if that’s you - you’re not alone. Whether you're newlyweds, longtime partners, or somewhere in between, I’ll share my advice on how to achieving financial harmony and strengthening your relationship along the way.
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Key moments:
00:00 - 03:37: Unveiling the Taboo: Why Money Talk with Your Partner Matters
03:38 - 05:59: Money Personalities: Understanding Your Beliefs and Habits
06:00 - 06:59: Financial Goals: Crafting a Plan for Shared Dreams
07:00 - 07:56: Scheduling Success: The Power of Regular Money Talks
07:57 - 08:49: Breaking the Silence: Strengthening Bonds for Financial Health
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Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts.
Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/
Follow on X: https://twitter.com/strictlymoneytv
Get in touch: https://saijelle.com/contact-us/
Join Saij Elle’s FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/
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Strictly Money breaks down today’s financial issues into bite-sizes pieces that everyday Canadians can understand. It should be required listening for everyone.