Sep 10, 2024
Stephen Foerster, a professor of finance at the Ivy Business School, discusses various topics related to investing, including the impact of election years on the markets, the importance of having an investment philosophy, and the role of bonds in a portfolio. Foerster shares his personal investment philosophy and highlights the challenges of trying to outperform the market. He also shares stories from history, such as Roman generals and the New York Mets, to illustrate investing lessons about knowing when to do nothing and understanding opportunity costs. Learn more about Steve's work and new book at https://stephenrfoerster.com.
Keywords: investing, election years, markets, investment philosophy, bonds, national debt, government bonds, corporate bonds, risk-free, interest rates, inflation, bond prices, investment horizon, liquidity needs, inverted yield curve, diversification, opportunity costs, financial goals
Chapters 00:00- Introduction and Background of Stephen Foerster
03:33- The Importance of an Investment Philosophy
16:14- The Role of Financial Advisors in Emotional Support
18:07- The Value of Simplicity and Index Funds
20:04- The Impact of Presidential Policies and Interest Rates
28:30- The Concerns Surrounding the National Debt
34:3- Understanding the Distinction between Government Bonds and Corporate Bonds
37:55- The Risk of Not Getting Money Back with Corporate Bonds
44:28- The Inverse Relationship between Interest Rates and Bond Prices
51:53- The Importance of Diversification in Investment Portfolios
57:13- Knowing When to Not Take Action
01:05:46- The Three Levers to Reach Financial Goals
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Opinions herein are those of the author(s) and not necessarily those of PAS or Guardian. Data and rates used were indicative of market conditions as of the date shown. Opinions, estimates, forecasts and statements of financial market trends are based on current market conditions and are subject to change without notice. References to specific securities, asset classes and financial markets are for illustrative purposes only and do not constitute a solicitation, offer, or recommendation to purchase or sell a security. Past performance is not a guarantee of future results. All scenarios and names mentioned herein are purely fictional and have been created solely for educational purposes. Any resemblance to existing situations, persons or fictional characters is coincidental. The information presented should not be used as the basis for any specific investment advice.
#7006931.1 Exp. 9/26