303: Professor Jeremy Siegel's Advice for Managing Money and Emotions in a Recession
Retire With Purpose - The Retirement Podcast
Casey Weade
4.7 • 564 Ratings
🗓️ 18 July 2022
⏱️ 60 minutes
🧾️ Download transcript
Summary
Today, I'm speaking with Professor Jeremy Siegel. Jeremy was the Russell E. Palmer Professor of Finance at the Wharton School of the University of Pennsylvania for many years and now is the Senior Investment Strategy Advisor to WisdomTree. He makes regular appearances to share his expertise on the state of our economy and financial markets. You've likely seen him on CNN and CNBC, or perhaps you've read his columns for Kiplinger's Personal Finance or Yahoo! Finance.
Jeremy Siegel has been called one of the best stock watchers alive. With interest rates and inflation seemingly out of control right now, Jeremy's expertise has been in great demand, and I'm thrilled to have the opportunity to have the man who identified what we now know as Siegel's paradox on the podcast.
In this episode, you'll hear his thoughts on how we should be consuming the information that we see on TV and read online to make better decisions, the circumstances that have put us in what he defines as a "mild recession," and the moves he's making at WisdomTree, where he's been managing funds for almost twenty years and so much more!
In this podcast interview, you'll learn:
- Why Jeremy doesn't believe the markets are anywhere near as overvalued as they were at the height of the 2000-era dot com bubble.
- How to consume information about the markets to make better investment decisions.
- Why markets overreact to both upturns and downturns in our economy.
- Why so many mutual funds underperform against the index–and how to seek out passive and low-cost growth opportunities.
- Why real estate has historically been much more volatile than it looks right now and may be a poor choice for diversification.
Show Notes: Howardbailey.com/303
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Transcript
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| 0:00.0 | Welcome to the Retire with Purpose podcast, a show specifically designed to help free retirees and retirees maximize their financial confidence. |
| 0:14.4 | Casey Wheat is a certified financial planner and president of Howard Bailey Financial. |
| 0:18.3 | His newest book, Job Optional, is a Wall Street Journal |
| 0:21.5 | bestseller and is available now on Amazon and at Retirewithpurpose.com. He's your host on |
| 0:27.9 | Retire with Purpose. Hey, I'm Casey, and I believe in retirement strategies that are driven by |
| 0:34.0 | meaning and purpose. Join me this week and every week as we discuss thoughts and ideas |
| 0:40.3 | with some of today's foremost experts in the field of finance and retirement, as well as discussing |
| 0:46.2 | trending topics that could impact your bottom line. These discussions can help you make |
| 0:51.7 | better financial decisions so you can live the lifestyle you've always imagined and deserved. |
| 0:57.9 | Welcome to the show. |
| 1:02.3 | Today I'm speaking with Professor Jeremy Siegel. |
| 1:06.9 | Jeremy was the Russell E. Palmer Professor of Finance at the Wharton School of the University of Pennsylvania for many years, and now is a senior investment strategy advisor to Wisdom Tree. |
| 1:17.5 | He makes regular appearances to share his expertise on the state of our economy and financial markets. |
| 1:22.9 | You've probably seen him on CNN, CNBC. |
| 1:25.6 | I feel like I have been watching Jeremy on CNBC for years, decades |
| 1:31.0 | even. You might even read some of his columns for Kiplinger personal finance, maybe Yahoo |
| 1:36.5 | finance. Jeremy has been called one of the best stock watchers alive by a number of major media |
| 1:41.9 | outlets. With interest rates and inflation seemingly out of control right now, Jeremy's |
| 1:46.5 | expertise has been in great demand. |
| 1:49.4 | And I'm thrilled to have the opportunity to have the man who identified what we know |
| 1:54.4 | now as Siegel's paradox here on the podcast. |
| 1:58.3 | In this episode, you'll hear his thoughts on how we should be consuming |
... |
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