Summary
This week, I’m joined by Ben Felix, Chief Investment Officer at PWL Capital and co-host of the Rational Reminder podcast. Ben is best known in the FIRE community for his YouTube channel, which has nearly 500K subscribers and features insights on investing, financial decision-making, and living a good life. Ben is one of the clearest voices in evidence-based investing. His work breaks down complex financial ideas into straightforward, data-driven insights that help investors cut through the noise. It’s a masterclass in rational investing, delivered by one of the best in the game.
In this conversation, we cover:
- The truth about “beating” or timing the market (00:13:06)
- Why market efficiency matters more than most investors think (00:24:41)
- How to think about asset allocation and your own risk tolerance (00:49:26)
- Why chasing dividends might not be the smartest path to FIRE (00:56:55)
- What a realistic safe withdrawal rate looks like today (01:07:52)
Links
- Website – PWL Capital
- Website – Rational Reminder
- YouTube – Ben Felix
- Podcast – Rational Reminder
Yay, Ben Felix is always a great guest. I listen to most episodes of the rational reminder podcast.
Even though he is less convinced of the downsides of geared funds than he was in the past, I was hoping you would explain to him that we have funds in Australia that don’t rebalance daily but operate within a LVR band. Would love to get his perspective on that.