Both Bob and Nelson are lucky that we've gotten a lot of good financial advice from trusted people right when it was needed most. But we've also gotten a fair bit of advice that's downright terrible.

This week's episode talks about the worst of the worst as we go over some of the most damaging advice we've ever been given.

The most interesting part is that one man's bad financial advice is often helpful for others...

"You can't have the majority of your portfolio in Canadian stocks. Don't you know that Canada is only 3% of the world's market?!?!?"

This week on the pod Bob and Nelson tackle this question from a more contrarian perspective. We argue that the TSX is actually much more diversified than it first appears, and that some of the advantages to concentrating in one country outweigh some of the disadvantages.

Agree with us? Think we're crazy? Let us know on the Twitter. Find Bob here, and Nelson is here.

This week on the pod Bob and Nelson discuss the death of the 60/40 portfolio, and how so many investors just don't hold bonds altogether. Is this a smart strategy, or are investors who move into 100% equity portfolios taking on too much risk?

As always, you can get more Bob in your life by visiting Tawcan, and Nelson can be found at Canadian Dividend Investing.