We had Ben Felix on the podcast a couple of weeks ago to talk about small cap value funds.

And today, we're having him back on the show because he is such a wealth of knowledge.

It's a great conversation and you will not want to miss our fun debate on the fire community,

what he actually thinks is a safe withdrawal rate and how to approach portfolio design.

Hello, hello, hello, and welcome to the Bigger Pockets Money podcast. My name is Mindy Jensen.

And with me as always is my loves to talk about Portfolios, co-host, Scott Trench.

Thanks, Mindy. Love to factor that into the discussion every day here on Bigger Pockets Money.

Today, we're joined again by Ben Felix. Ben is a portfolio manager and the chief investment officer at PWL Capital. As a reminder, this episode, as always, is not investment advice and is for entertainment purposes only. Ben, welcome back. Thank you so much. Awesome. Well, before we get into portfolio construction, we had a really big error that we made on the last episode, I believe that some of the rational reminder community called out.

Could you let us know what that was?

Yes.

So when we were talking about AVUV, which is the Aventus Small Cap Value Fund and DFSV,

which I don't know if we actually mentioned

the ticker, but it's dimensional fund advisors small cap value, ETF.

I mentioned that AVUV is less constrained into small caps and can go into mid caps a little

bit, which is not true.

If you look at the holdings of AVUV and DFSV, they're both totally constrained to small

caps and AVUV is actually a little bit

smaller on average than DFSV. Where my mind was going when I said that was that AVUV is allowed to drift more into small cap growth stocks, whereas DFSV is very constrained within the small cap value universe.

Anyway, the rational reminder community

in their infinite nerdiness listened to our last episode.

And we're very quick to point out

that what I had said there was not exactly true.

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