Podcast Ep. 11: More Door Knocking Dorks, The U.S. Fiscal Cliff, and How Not To Interpret Research about Financial Advisors

After a three month hiatus, the Mostly Money, Mostly Canadian podcast is back. Now that filming is 99% wrapped up for the TV show, I’ve got lots more time on my hands so I should be back to the weekly podcasting schedule. Thanks for your patience everyone!

Mostly Money Mostly Canadian Episode 11

This week’s episode will be  available on iTunes in a few hours (You have to click through to “view in iTunes”). You can also just use the embedded player or MP3 download below to listen to it right away.

This week:

  • I had more Door Knockers come to my house wanting to rent me a hot water tank. There were two of them this time and they were worse than the last guy. It’s a lengthy recording, but it’s sad, hilarious, and hair-raising at the same time. When my girlfriend heard the recording, she said I was WAY too mean to them. What do you think?
  • A primer on the U.S. Fiscal Cliff
  • Looking at a new research paper that looked at the value of financial advice. The financial services are keen to trumpet the findings, but even one of the authors of the report thinks they are a bit too zealous. They’ve also misinterpreted the robustness of the results.

Ratings on iTunes are appreciated :)

If you enjoy the podcast, please use the iTunes link to give it a rating (or even a review) if you have an iTunes account. The first five episodes both hit #1 in Business as well as in Investing – thank you!

Interested in being a guest?

If you would like to be a guest on the show, drop me a line at preet@preetbanerjee.com. Investors, advisors, fund managers, bloggers, whomever. Remember, it’s “mostly money” which means sometimes it won’t be about money.

Preet Banerjee
Preet Banerjee
...is an independent consultant to the financial services industry and a personal finance commentator. You can learn more about Preet at his personal website and you can click here to follow him on Twitter.
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Showing 4 comments
  • Jon

    I think you were just hard enough on the guys. It gave them something to think about and reason to doubt their training. This “Chris” guy with his constant texts afterwards sounded like he knew darn well what was going on and was trying to cover it up.

    Being a guy who understands numbers very well, that 6c increase sounded unbelievable to me too, and when you read that there would be a minimum increase of 4% I instantly thought (on an “average” rental of $25, that’s a buck increase per month every year).

    And when they kept talking about CPI being 8%, 9%, 12% that seemed out of place too so I looked it up. According to Statistics Canada, the CPI has increased an average of 2.3% per year over the last 20 years and hasn’t gone above 2.9% in any of those years. So that’s like the mortgage broker trying to lock you in saying, “A variable rate could hurt you because rates could go up to 20% in the next 5 years.”

    The other thing that made me smile was that your girlfriend who was “out until 10:00″ showed up as they were leaving. By then I’m sure they had forgotten all about checking the bill but it seemed like they were still fishing for the sale even after you had called them out on it.

    Good show and it made me laugh.

    • Preet

      Thanks Jon – my favourite part was the very end when the guy was saying, “Who would steal a pair of shoes? I’ve been walking around like a thousand miles and they’re all gross.” And then my girlfriend says, “Yeah… That IS gross.” lol

  • Mike Holman

    “Do you know how to read?”. Lol – great line.

    It’s interesting that these guys are pretty good at sales (up to a point). Too bad they aren’t using their talents for good, rather than for evil.

    The shoe theft was hilarious.

    • Preet

      Yes, exactly: having been in sales, I was tangentially impressed by some of their sales techniques. Unfortunately, there was much more that did not impress me.

      There’s a Toronto PF blogger meet up on Monday December 3rd at 7pm in Yorkville. You interested? Maybe either way, that day might be good to record our podcast interview!