Barenaked Money

• 138: Deanne Gage | Connector of Financial Worlds - Insights from Both Sides of the Table

  Deanne Gage on Financial Journalism, Death Binders, and Evolving TrendsIn this episode of Barenaked Money, hosts Colin and Josh welcome Deanne Gage, a seasoned financial journalist from Globe Advisor at the Globe and Mail. Deanne discusses her accidental entry into financial journalism, her investment journey starting in her teenage years, and her unique perspective on the financial industry. The episode delves into her widely popular 'death binder' series, the evolving trends in financial planning, and the crucial role of family meetings in estate planning. Deanne also touches on her desire for a planning-based rather than sales-based advisory industry and the challenges of bringing more women into the profession. The conversation covers various financial topics including the impact of grief on estate planning, the balancing act of splurging on life experiences, and the importance of addressing loneliness in retirement.Click here to watch a video of this episode. Click here to view the episode transcript. 00:00 Introduction to the Death Binder Series00:22 Meet Deanne Gage: Financial Journalism Expert01:31 Deanne's Journey into Financial Journalism03:05 Early Investment Lessons from Deanne's Father04:24 Finding Stories in Everyday Life06:37 Changing Trends in Financial Decisions12:19 The Popularity of the Death Binder18:22 The Emotional Challenges of Estate Planning22:35 The Role of Financial Advisors in Family Meetings27:29 Encouraging Women in Financial Advisory Roles34:20 Balancing Financial Trade-offs38:57 Retirement Planning and Loneliness44:48 The Importance of Planning-Based Financial Advice51:26 Conclusion and Final Thoughts

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• 137: April Fong | Navigating Media and Financial Reporting

  Navigating Media and Financial Reporting: Insights from April FongIn this episode of Barenaked Money, hosts are joined by April Fong, Deputy Editor for Personal Finance at the Globe and Mail, to discuss the current media landscape and its impact on business and finance reporting. The conversation explores themes of media consumption, the challenge of navigating misinformation, and the importance of accurate journalism. April shares her perspectives on the changes in financial reporting over the past decade, the role of influencers, and the need for nuanced coverage. The episode also touches on the implications of semi-annual versus quarterly reporting and offers advice on consuming media critically to avoid misinformation.00:00 The Outrageous Race for Followers00:19 Introduction to Barenaked Money Podcast00:40 Meet April Fong: Deputy Editor at The Globe and Mail01:37 The Evolution of Media Reporting in Finance02:48 Popular Topics in Financial Media04:20 The Role of Media in Heightened Uncertainty05:42 Navigating the Information Overload07:55 The Influence of Social Media on Financial Advice09:05 The Importance of Nuanced Journalism10:48 The Challenge of Short Attention Spans12:26 Sources of Financial News and Information15:09 The Problem with Influencers and Financial Advice20:19 Combating Misinformation in Media23:13 Choosing Media Sources Wisely23:36 The Rise of Online Scams25:42 Behavioral Finance and Decision Making28:47 Housing and Affordability Issues30:34 Quarterly vs. Semi-Annual Reporting37:20 TSX and Market Milestones38:24 Dim Sum and Personal Recommendations39:36 Final Thoughts and Disclosures

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• 136: The Hidden Cost of Free News | Media CEO Nicholas White

  How Media Business Models Shape Content: A Conversation with Nicholas WhiteIn this episode of Barenaked Money, hosts Colin and Josh are joined by Nicholas White, CEO of Fragment Media, to discuss the broken business model behind traditional media and the structural shift toward reader revenue. White discusses how the reliance on advertising has contributed to distraction, highlighting the importance of trustworthy journalism. The conversation delves into the need for media consumers to be willing to pay for quality news and the role of public benefit companies in maintaining journalistic integrity. Additionally, parallels are drawn between the media industry's challenges and those faced by the financial sector. The episode underscores the necessity of aligning business models with the core mission of serving the public good.Click here to view the episode transcript. 00:00 Introduction: The Hidden Costs of Free Information00:33 Meet Nicholas White: Media Industry Insider01:57 The Broken Business Model of Media04:25 The Rise of Reader Revenue06:05 The Internet's Utopian Beginnings07:03 The Role of Algorithms in Media09:35 The Shift Towards Quality Content12:25 Challenges and Opportunities in Media22:40 Public Benefit Companies and Media24:36 Regulation and Misinformation29:13 The Dual Nature of Business Models31:10 The Value of Paying for News34:07 Proving the Reader Revenue Model35:26 Redesigning the Media Industry41:00 The Financial Industry's Sales Culture48:28 Final Thoughts and Reflections

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• 135: Grift? | or GRFT & The Dangers of Trendy Financial Products

  Questionable Financial Products and the Importance of Understanding Investment RisksIn this episode of Barenaked Money, hosts Josh Sheluk and Colin White discuss a range of recently launched investment products that they consider problematic or gimmicky. The conversation covers ETFs like GRFT, which bets on political insider ties, high-yield covered call strategies, zero-day options, and other leveraged investment products. They emphasize skepticism towards products that promise high yields or leverage, highlighting the dangers and complexities these financial instruments pose to retail investors. The episode also critiques the resurgence of target date funds, particularly those aimed at funding education. The goal is to educate listeners on identifying and avoiding questionable financial products to make better, informed investment decisions.Click here to view the episode transcript. 00:00 Introduction to GRFT ETF00:22 Welcome to Barenaked Money Podcast00:41 Purpose of the Podcast00:53 Discussion on Bad Investment Products03:18 Zero Day Products Explained04:28 The Rise of Zero Day Options13:28 ETF Based on Insider Trading17:38 Kathy Wood's New Buffer ETF23:28 Trump Media's Crypto ETF24:51 Quebec Equity ETF28:58 Leveraged Bull and Bear ETFs29:21 The Dangers of Short-Term Investment Products29:59 Misconceptions and Legal Issues with Leveraged ETFs31:51 Leveraged Single Stock ETFs: A Risky Proposition34:40 The Pitfalls of Covered Call Strategies40:19 Leveraged Exposure to Digital Assets44:32 Target Date Funds: Pros and Cons49:25 Key Takeaways and Final Thoughts

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• 134: Misguided | Guest Matthew Facciani, Author

  Understanding Misinformation: Causes, Effects, and SolutionsIn this episode of Barenaked Money, hosts Josh Sheluk and Colin White from Verecan Capital Management Inc. welcome social scientist and author Matthew Facciani. They explore the pervasiveness of misinformation across history, its acceleration in the social media age, and the cognitive and social biases that make people susceptible to falsehoods. Facciani, whose latest book 'Misguided' delves into topics like conspiracy theories and AI-generated fake news, discusses the need for critical thinking, diverse social identities, and potential strategies to preemptively counter misinformation. The conversation also touches on the impact of AI, mistrust in institutions, and practical tools for enhancing media literacy.00:00 Introduction to Misinformation00:18 Welcome to Barenaked Money00:53 Meet Matthew Facciani: Social Scientist and Myth Buster01:46 The Journey of Writing 'Misguided'04:31 Understanding Susceptibility to Misinformation06:53 The Human Need to Belong12:03 The Business of Misinformation17:06 Strategies to Combat Misinformation22:10 Trust in Institutions and Generational Perspectives25:58 Tools for Media Literacy27:11 Professional Fact-Checking Techniques27:50 Challenges of Fact-Checking and Pre-Bunking Games28:48 Breaking the Algorithm31:02 Strategies for Healthier Social Media31:36 Transparency and Friction in Social Media40:53 The Role of AI in Misinformation43:51 The Importance of Personal Connection45:38 Conclusion and Final ThoughtsClick here to view the episode transcript.

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