ALO19: Managing Wealth for HNW Investors ft. Joe Prendergast
Top Traders Unplugged
Introduction
A discussion on the importance of creativity, data usage, and embracing contradictions in managing wealth for high-net-worth investors, emphasizing the need for distinguishing between facts and speculation, being skeptical, and having a strategy.
In this episode Joe Prendergast, Strategic Advisor and Head of Investment Strategy at Goodbody joins Alan Dunne to discuss the challenges and opportunities in managing wealth for HNW investors, particularly businesses owners. Joe outlines his investment philosophy and why a 50-50 allocation between growth assets and defensive assets is still at the core of his approach to proving a “peace a of mind” portfolio for investors. They discuss risk management and how to manage drawdown risk and the shortfalls of focusing too much on volatility as a risk measure when managing portfolios for private investors. They delve into the current investing backdrop, how higher interest rates have impacted asset allocation decisions and discuss why Joe is structurally more upbeat on the opportunities in public markets in the US but more optimistic on the opportunities in Europe and Asia for private equity.
-----
50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE
-----
Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.
IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.
And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.
Learn more about the Trend Barometer here.
Send your questions to info@toptradersunplugged.com
And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.
Follow Alan on Twitter.
Follow Joe on LinkedIn.
Episode TimeStamps:
02:46 - Introduction to Joe Prendergast
04:50 - Prendergast's learnings from working at Credit Suisse
07:00 - What types of portfolios are Prendergast running?
09:49 - Prendergast's investment philosophy
13:59 - How has 2022 changed the asset allocation space?
16:32 - Could we have another 2022?
18:56 - Having metrics for success
26:50 - Managing cash flow
31:43 - Shooting for a higher return
39:33 - Dealing with bumps on the road
43:48 - Prendergast's experience with the hedge fund industry
46:29 - Working as a Europe based FX investor
51:10 - Balancing attractive earnings capabilities vs a higher valuation starting point
55:13 - How Prendergast incorporates ESGs in his allocation
59:46 - Advice for other investors
Copyright © 2024 – CMC AG – All Rights Reserved
----
PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:
1. eBooks that cover key topics that you need to know about
In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here
2. Daily Trend Barometer and Market Score
One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here
3. Other Resources that can help you
And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click Here
The AI-powered Podcast Player
