Episode 388: AMA #11 - Your Parents' Advisor, 100% Equity Portfolios, and Investing $10 Billion
The Rational Reminder Podcast · 2025-12-18 · 1h 21m
Episode notes
In this special year-end AMA, the full PWL crew - Ben Felix, Cameron Passmore, Ben Wilson, and Dan Bortolotti - sit down together for the first time on the podcast to reflect on the roller-coaster that was 2025 and to tackle a wide range of thoughtful listener questions. The episode begins with reflections on a year that included wild market swings, an extraordinary rally few predicted, major changes within PWL, and personal milestones. From there, the team dives deep into the psychology of staying invested, the real risks of inexperienced investors going 100% equities, the complexity of asset location and pre-tax vs. after-tax allocation, and how to talk to family members who are paying too much in investment fees. Key Points From This Episode: (0:04) Introduction - first-ever full-team recording and setup for the year-end AMA. (1:12) Why not all AMA questions could be answered - over 400 submissions and many not suited to the format. (1:48) 2024 market recap - from early-year panic to strong double-digit global equity returns. (3:59) The speed of recoveries - why missing a quick rebound can permanently derail returns.