Capital Ideas Podcast Risk management: Investing amid uncertainty
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Feb 6, 2025 Wesley Phoa is a portfolio manager for the American Funds Target Date Retirement Series® at Capital Group, bringing insights from the front lines of investment amidst global uncertainty. He discusses the dual nature of risk as both a challenge and an opportunity. The importance of scenario planning is emphasized, alongside personal anecdotes from his journey in finance, including how gaming culture intersects with investing. Wesley also explores the booming gaming industry’s impact, highlighting its growing relevance as an investment avenue.
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Uncertainty as Opportunity
- View uncertainty as a source of opportunity, not just risk.
- Prepare for different future scenarios instead of trying to predict one outcome.
Scenario Planning
- Develop a game plan for various potential future scenarios.
- Navigate the evolving situation like an obstacle course with traps and rewards.
Headlines vs. Reality
- Headlines present a biased view of world events, impacting investor perception.
- Awful events may not be relevant to investment decisions.