Navigating the Global Financial Markets With Jan van Eck

Stay Wealthy Retirement Podcast

Taylor Schulte, CFP®

Financialplanning, Retirement, Money, Taxplanning, Stocks, Wealth, Business, Investing, Retirementplanning

2.4 • 606 Ratings

🗓️ 2 April 2020

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Jan van Eck is the CEO of VanEck, a $50 billion asset manager (as of 2019).

Last month, Jan's team became concerned about the global markets.

COVID-19 was (and still is) causing economic uncertainty...and the markets hate uncertainty.

In today's episode, Jan breaks down:

The current state of the global financial markets
His base case for clarity around COVID-19
What's needed for this market to recover
Investing in China and Emerging Markets
How to think about investing in gold

If you're interested in a simple explanation of the technical details around current market events, today's episode is for you.

Transcript

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0:00.0	through this mid-April time period, remember there's going to be uncertainty in the markets.
0:06.3	Maybe tomorrow suddenly some therapy comes out for the coronavirus and the party starts all over
0:11.8	again. But I just don't think that the implementation, even if that were to occur, would be that
0:16.0	simple.
0:19.0	Welcome to the Stay Wealthy podcast. I'm your host Taylor Schulte and today I'm joined by the CEO of Vanek,
0:25.6	an ETF and mutual fund manager that as of last year managed around $50 billion for investors
0:32.5	around the world. As most of you know, we don't get into the technical weeds very often on this show, but given
0:38.6	recent events, I wanted to bring on a successful and experienced market strategist to talk
0:45.2	us through the current landscape and how large asset managers are thinking about things right now.
0:51.6	Fun fact, Jan's father, the founder of the firm, John Vannick, launched one of the first
0:58.2	international equity funds in 1955 and launched the nation's very first gold stock fund in 1968.
1:08.5	For all the links and resources mentioned today, head over to you staywealthy.com
1:12.7	forward slash 68. I guess the Vanek perspective on the world, every money manager has to have
1:22.7	like a growth bias or a value bias or whatever it is. And over our 60 year history, our bias has been basically, look at what's happening in
1:32.0	the world and then that will impact the financial markets.
1:36.7	Don't think that the financial markets have all the clues.
1:40.5	And this is a perfect instance where you had a health crisis that came out of nowhere.
1:46.8	No one predicted it, obviously, and it's massively impacted the financial markets.
1:51.6	And people can look at the history of the financial markets and try to find clues,
1:55.4	but we've really never experienced anything like this.
1:59.0	And so that's really what I meant by exciting. It's just different.
2:02.9	And I think we have to bring the perspective of the world and thinking about how this will
	...

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