Episode 265: 5% HISA... for the Long-run? (Plus Stoicism with Michael Tremblay)

<p dir="ltr">In this episode, we tackle the timely topic of higher interest rates and their potential impact on investors' decisions. With rates soaring to unprecedented levels, many are tempted to veer off their investment paths in pursuit of short-term gains. But is this a rational choice? We break it down and offer invaluable insights into why staying the course might be the wiser option. We also welcome new PWL team member Mark McGrath. Mark possesses an innate talent for crafting concise, valuable, and captivating financial planning nuggets on social media. His content has struck a chord with the audience, evident from his rapidly expanding following. Next, we take a nostalgic trip back to one of our favourite past episodes, featuring a remarkable guest, David Booth, co-founder of Dimensional Fund Advisors. With a quick review of the episode, listeners get a refresher on Booth's sage advice and investment philosophies, reminding us all why this episode remains a standout. For the book segment, Michael Tremblay, a passionate listener, and stoicism expert, reached out to suggest an exploration of The Handbook of Epictetus. We welcome Michael to the show for an enlightening discussion on the principles of stoicism and how they can be applied to investing and everyday life.</p> <p><strong> </strong></p> <p dir="ltr">Key Points From This Episode:</p> <p><strong> </strong></p> <ul> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation">Introducing new PWL team member, Mark McGrath. (0:02:22)</p> </li> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation">Background about Mark and his journey to PWL Capital. (0:03:35)</p> </li> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation">What Mark appreciates most about working at PWL: its core values. (0:08:45)</p> </li> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation">Why cash is an extremely risky long-term investment option. (0:11:47)</p> </li> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation">We explore ‘buying the