What I'm listening to: Animal Spirits

What I'm listening to: Animal Spirits

I am not an adviser yet but I have been trying to study for my investment management certificate.

I am not an adviser yet but I have been trying to study for my investment management certificate.

At the moment I have been reading a series of long-read articles from fund management groups that help me to try to figure out what is going on in the investment markets – obviously things are changing every day, so it is important to try to keep on top of this. 

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One piece I have found particularly useful is a market commentary from Oaktree Capital: Assessing relative value in credit amid coronavirus uncertainty.

In addition to reading, I have also been listening to a series of podcasts.

Some of the best ones I have listened to recently have been useful and entertaining:

The former of the two non-newspaper podcasts, The Prof G Show with Scott Galloway, is a weekly podcast where the best-selling author, professor and entrepreneur answers questions from his listeners on who’s winning and losing, and how you can get ahead.

The latter, Animal Spirits is a weekly podcast by Michael Batnick and Ben Carlson of Ritholtz Wealth Management about markets, life and investing.

These, and the long-read features I am reading, are giving me a holistic view of what is happening within the markets. 

I get to listen to some of the brightest and smartest people in finance in the comfort of my home for free.

It allows me observe how people are reacting to what is happening and provides me with some reassurance that this will pass.

But nobody knows the extent to the damage this virus will do to society, local business and the markets. 

Personally, I think this is an amazing learning curve for me, despite the fact my exams have been postponed and it is becoming more difficult for me to study.

This crisis has shown the importance of basic personal finance principles, such as having an emergency fund, the importance of life insurance, having a proper financial plan, and diversifying across asset classes and regions.

Alam Zaib is studying to become an investment adviser