"Why don't y'all use a financial advisor?"

This week's episode of the pod is a little more reflective than most.

Bob and Nelson spend a lot of time talking about the 'how' part of DIY investing, helping to educate y'all on just exactly what we do and how we do it. This week's episode focuses more on the why, and why Canadians might distrust the financial advice industry.

This week on the pod Bob and Nelson tackle one of the toughest questions in the investing world.

Just when should you sell a stock, anyway?

The short answer is this. It's complicated and most investors suck at it. They sell when a stock gets back to break even, or when it hits some target price they've pulled out of the sky.

We share some thinking that has worked for us. Maybe it'll work for you, too.

Just what should you do with your cash, anyway?

We're not talking about investments here, but cash. That is money in your emergency fund, or that's been put aside for a big purchase in the next 6-12 months, or perhaps a reserve waiting to be invested.

Most folks will default to the highest yield possible, or put their money into an asset that might appear safe but actually has hidden risks.

This week on the pod Bob and Nelson dive deep into the world of cash, including a trick Nelson uses to maximize the yield on his cash without taking any additional risk.