Common Sense Financial Podcast

Episode 35 Markets and the Presidential Election- An Interview with Daniel Wildermuth

I think that we would all agree that 2020 has been a year for the history books. covid-19 has shifted the way we think, how we spend our time, how we conduct business, our entertainment, virtual learning.

Just when you stop and think about it, everything just seems to be different.

Of course, like all things, we eventually adapt to a new normal, but it does take some time and it takes learning new ways of doing things. And being open to these things is fundamentally important, in my opinion, to the quality of life we live and our success that we experience.

In the midst of all these quarantines, I hear people wishing for things to go back to how they were and they just really want everything to pass. They’re resisting all that has changed in their life while finding themselves depressed and oftentimes disappointed with everything.

This same attitude applies to how money is managed and invested. Traditional public markets have been historically viewed as normal when it comes to investing. But over the last decade we’ve seen a shift in this attitude towards finding an alternative to the stock market.

Though we have been seeing a shift in investor behavior and attitudes about markets for quite some time, covid has brought about a sense of urgency to the conversation for finding that alternative to traditional markets.

And it’s not difficult to understand why the abrupt volatility that investors have experienced lately has them going from peak to valley in a matter of days. And any rational investor at one point or another has questioned if there’s a better way. Now, to be clear, there is risk in any type of investment.

There’s a new normal is taking shape that offers investors an updated paradigm of what diversification really looks like. Now, whether you realize that this was happening or not, this path is already being paved by forward thinking investors and money managers who recognize this shift several years ago and are now operating under that new normal. I believe what we are discussing here is the answer to what many investors are asking for, and it’s why I decided to spend time today sharing this information with you.

Today, I have on with us portfolio manager Daniel Wildermuth to discuss the growing interest in private markets and how they differ from public markets.

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