Episode #78: Is it time to change your allocation to US Stocks

Is it time to change your allocation to US Stocks

By JAMES PARKYN & FRANÇOIS DOYON LA ROCHELLE

In this Episode, James Parkyn & François Doyon La Rochelle discuss a frequent question they are receiving from their clients: “Should we reduce our allocation to US Stocks?”. 

Or you can listen to this podcast using a streaming platform

 

DISCOVER THE PEACE OF MIND OF KNOWING YOUR INVESTMENTS AND WEALTH ARE IN GOOD HANDS BY CONTACTING PWL CAPITAL'S PARKYN-DOYON LA ROCHELLE TEAM IN MONTREAL TODAY.

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Read The Script:

1)   INTRODUCTION:

François Doyon La Rochelle:

You’re listening to Capital Topics, episode #78!

This is a monthly podcast about passive asset management and financial and tax planning ideas for the long-term investor.

Your hosts for this podcast are James Parkyn and me François Doyon La Rochelle, both portfolio managers with PWL Capital.

In our podcast today we discuss if it is time to change your allocation to U.S. stocks.  

Enjoy!

2)   IS IT TIME TO CHANGE YOUR ALLOCATION TO U.S. STOCKS:

François Doyon La Rochelle:

On our last Podcast, we reviewed the performances of asset classes for the first half of 2025.  Today, we are going to discuss a question we are receiving from our clients: Should we reduce our allocation to US Stocks?  As our regular Listeners know, U.S. stock markets have significantly outperformed international stocks (both Developed and Emerging) since the global financial crisis of 2008-09…Read More

Stay informed and inspired. Subscribe to our Bi-Weekly Newsletter for the latest podcasts, blogs, and James & François’ top reads from the past two weeks.

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Episode #77: 2025 Mid-Year Market Check-In: Navigating the Unpredictable

2025 Mid-Year Market Check-In: Navigating the Unpredictable

By JAMES PARKYN & FRANÇOIS DOYON LA ROCHELLE

In this Episode, James Parkyn & François Doyon La Rochelle review the global capital markets performances for the first half of 2025.  

Or you can listen to this podcast using a streaming platform

 

DISCOVER THE PEACE OF MIND OF KNOWING YOUR INVESTMENTS AND WEALTH ARE IN GOOD HANDS BY CONTACTING PWL CAPITAL'S PARKYN-DOYON LA ROCHELLE TEAM IN MONTREAL TODAY.

contact us

Read The Script:

1)   INTRODUCTION:

François Doyon La Rochelle:

You’re listening to Capital Topics, episode #77!

This is a monthly podcast about passive asset management and financial and tax planning ideas for the long-term investor.

Your hosts for this podcast are James Parkyn and me François Doyon La Rochelle, both portfolio managers with PWL Capital.

In our podcast today we will review the global capital markets performances for the first half of 2025

Enjoy!

2)   2025 MID-YEAR MARKET CHECK-IN: NAVIGATING THE UNPREDICTABLE:

François Doyon La Rochelle:

We have officially reached the halfway point of 2025, and today, as usual at this time of year, we will be examining what has shaped the markets over the past six months with a review of the global capital market’s performance. One thing I can say for sure: it’s been anything but dull.…Read More

Links:

- Market Statistics – June 2025 | Parkyn-Doyon La Rochelle by Raymond Kerzerho – PWL Capital

Stay informed and inspired. Subscribe to our Bi-Weekly Newsletter for the latest podcasts, blogs, and James & François’ top reads from the past two weeks.

SUBSCRIBE

Episode #76: History of Market Cycles in Nominal and Real Returns

History of Market Cycles in Nominal and Real Returns

By JAMES PARKYN & FRANÇOIS DOYON LA ROCHELLE

In this Episode, James Parkyn & François Doyon La Rochelle invited Raymond Kerzerho, Senior researcher at PWL Capital, to discuss his recently published blog posts that cover the historical performance of stocks and bonds over the last 55 years.

Or you can listen to this podcast using a streaming platform

 

DISCOVER THE PEACE OF MIND OF KNOWING YOUR INVESTMENTS AND WEALTH ARE IN GOOD HANDS BY CONTACTING PWL CAPITAL'S PARKYN-DOYON LA ROCHELLE TEAM IN MONTREAL TODAY.

contact us

Read The Script:

1)   INTRODUCTION:

François Doyon La Rochelle:

You’re listening to Capital Topics, episode #76!

This is a monthly podcast about passive asset management and financial and tax planning ideas for the long-term investor.

Your hosts for this podcast are James Parkyn and me François Doyon La Rochelle, both portfolio managers with PWL Capital.

In this episode, we will discuss the history of market cycles with Raymond Kerzerho, Senior Researcher at PWL Capital.

Enjoy!

2)   HISTORY OF MARKET CYCLES IN NOMINAL AND REAL RETURNS:

François Doyon La Rochelle:

Hello, James! How are you today?

James Parkyn:

I'm very good, Francois. And how are you?

François Doyon La Rochelle:

I'm very good. Thank you. So hello to you, Raymond, welcome back to the podcast. It's a real pleasure to have you back.

Raymond Kerzérho:

Good morning, everyone.

François Doyon La Rochelle:

So we've invited Raymond to join our podcast today because he has recently published 2 blog posts covering the historical performance of stocks and bonds over the last 55 years.One of these blogs covers market cycles in nominal returns, and the other in real returns. These blogs are very interesting to us, so we felt that they would be of interest to you, our listeners.We thought once again that it would be fun to have Raymond, the author join us on the podcast to have him explain his findings.…Read More

Episode #75: Review of UBS Global Investment Returns Yearbook 2025

Review of UBS Global Investment Returns Yearbook 2025

By JAMES PARKYN & FRANÇOIS DOYON LA ROCHELLE

In this Episode, James Parkyn & François Doyon La Rochelle review the key findings from the 26th edition of the UBS Global Investment Returns Yearbook for 2025.

Or you can listen to this podcast using a streaming platform

 

DISCOVER THE PEACE OF MIND OF KNOWING YOUR INVESTMENTS AND WEALTH ARE IN GOOD HANDS BY CONTACTING PWL CAPITAL'S PARKYN-DOYON LA ROCHELLE TEAM IN MONTREAL TODAY.

contact us

Read The Script:

1)   INTRODUCTION:

François Doyon La Rochelle:

You’re listening to Capital Topics, episode #75!

This is a monthly podcast about passive asset management and financial and tax planning ideas for the long-term investor.

Your hosts for this podcast are James Parkyn and me François Doyon La Rochelle, both portfolio managers with PWL Capital.

In our podcast today we will review the key findings from 26th edition of the UBS Global Investment Returns Yearbook for 2025.  

Enjoy!

2)   REVIEW OF UBS GLOBAL INVESTMENT RETURNS YEARBOOK 2025:

François Doyon La Rochelle:

Hello, James! How are you today?

James Parkyn:

I'm very good, Francois. And how are you?

François Doyon La Rochelle:

I will start this off for our Listeners.  Today's topic is a Review of the 26th edition of The UBS Global Investment Returns Yearbook 2025 Summary Edition.  Reviewing the Yearbook is an annual ritual for our Podcast.  This is the second year it has been published under the UBS Brand. This change came about because of the merger of Credit Suisse and UBS. This is the 4th year we have published a podcast offering the UBS Global Investment Returns Yearbook and the content from the prior Yearbooks is still very relevant.

I would also like to highlight that the Yearbook is published by UBS in collaboration with Professors Paul Marsh and Mike Staunton of London Business School and Professor Elroy Dimson of Cambridge University.  They have been involved for all 26 years.

This being said, James, could you give our Listeners an Intro about the Yearbook and explain its purpose?…Read More

Links:

- Global Investment Returns Yearbook 2025 | UBS Global by Elroy Dimson, Paul March & Mike Staunton – UBS Global

Episode #74: Update on Market Volatility and Review of Active vs Passive Management

Update on Market Volatility and Review of Active vs Passive Management

By JAMES PARKYN & FRANÇOIS DOYON LA ROCHELLE

In this Episode, James Parkyn & François Doyon La Rochelle discuss the current volatility in the stock markets and then revisit the state of the ETF Landscape in Canada, as well as the debate between active and passive funds.  

DISCOVER THE PEACE OF MIND OF KNOWING YOUR INVESTMENTS AND WEALTH ARE IN GOOD HANDS BY CONTACTING PWL CAPITAL'S PARKYN-DOYON LA ROCHELLE TEAM IN MONTREAL TODAY.

contact us

Read The Script:

1)   INTRODUCTION:

François Doyon La Rochelle:

You’re listening to Capital Topics, episode #74!

This is a monthly podcast about passive asset management and financial and tax planning ideas for the long-term investor.

Your hosts for this podcast are James Parkyn and me François Doyon La Rochelle, both portfolio managers with PWL Capital.

In our podcast today we will discuss the current volatility in the stock markets, and then revisit the state of ETFs Landscape in Canada, as well as the debate between active and passive funds.  

Enjoy!

2)   UPDATE ON MARKET VOLATILITY AND REVIEW OF ACTIVE VS PASSIVE MANAGEMENT

François Doyon La Rochelle:

Hello, James! How are you today?

James Parkyn:

I'm very good, Francois. And how are you?

François Doyon La Rochelle:

I'm fine, thank you! Before we tackle our main topic today, we believe that it's essential to address the current market volatility triggered by American tariffs, imposed on the Global economy. James, what do you want to share with our listeners?…Read More

Links:

- The Passive Vs. Active Fund Monitor (2024) | PWL Capital by Raymond Kerzerho– PWL Capital

- US Active/Passive Barometer Report: Year-End 2024 | Morningstar by Morningstar

- SPIVA Canada Year-End 2024 Scorecard by Joseph Nelesen, Maya Beyhan, Davide Di Giola – S&P Dow Jones Indices