Capital Ideas Podcast Decoding dividend investing: Lessons in resilience amid volatility
Jun 18, 2025
Hilda Applbaum, an equity portfolio manager at Capital Group with 30 years of experience in dividend investing, shares her insights on resilient investment strategies. She discusses the critical role of company management and red flags to watch out for. Hilda divides her portfolio into three buckets to navigate market volatility and emphasizes the need for discipline and adaptability in investing. Her personal journey, shaped by the resilience of her Holocaust survivor parents, adds depth to her investment philosophy, reminding listeners of the power of gratitude and strong support systems.
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Resilience Shaped by Family History
- Hilda's parents were concentration camp survivors who gave her a love of learning and resilience despite losing them young.
- Their influence shaped her perseverance and approach to life's challenges.
Turning Crisis Into Opportunity
- During market turmoil, Hilda analyzed and advocated for holding undervalued convertible securities.
- This led to her becoming CalPERS' convertible securities portfolio manager, a key career moment.
Early Lessons From Inherited Stocks
- Inheriting dividend stocks at 17, Hilda realized she needed income and capital preservation.
- This experience profoundly influenced her conservative income-focused investing style.