WealthTrack

The right track to your financial health.

CRISIS INVESTING WITH VETERAN PORTFOLIO MANAGER, HERSH COHEN

We are in a rolling economic crisis right now, subject to the vagaries of the advance or retreat of the COVID-19 virus.  It is an ever-changing scenario with stark winners and losers.
 
The economy contracted at an annualized rate of 32.9% in the second quarter, the sharpest decline in the 70 plus years of GDP tracking.
 
After several weeks of improvement, jobless claims for first-time unemployment benefits rose for the second week in a row. 17 million Americans are now collecting unemployment benefits.
 
So far, the markets have been betting on COVID’s retreat and global economic recovery with big tech leading the way.
 
How to handle these extremes as investors?
 
As we have so many times in the past, on this week’s WEALTHTRACK we are calling upon a veteran investor to give us perspective and investment advice.
 
We’ll hear from great investor Hersh Cohen, Co-Chief Investment Officer of Clearbridge Investments. With more than 50 years of managing money under his belt, Cohen edged out the S&P 500 with much less risk and volatility than the market.   

WEALTHTRACK Episode #1705; Originally Broadcast on July 31, 2020

Listen to the audio-only version here:

Download Hersh’s Dividend Compounders List here [pdf]

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HERSH COHEN


DON’T TRY TO TIME THE MARKET!

S&P 500 Compound Annual Growth Rate
(Jan 1, 1995 – May 31, 2020)

  • 7.8% if fully invested
  • 5.9% if you miss 5 best
  • 2.4% if you miss the 20 best trading days
  • 0.6% if you miss the 30 best trading days
  • -1% if you miss the 40 best trading days
  • -2.5% if you miss the 50 best trading days

Source: Strategas Research Partners

No Bookshelf titles this week.


GREAT DIVIDEND COMPOUNDERS

Hold a portfolio of companies with great balance sheets and a history of increasing dividends
Download Hersh’s Dividend Compounders List here [pdf]


No stock mentions in this episode.

Hersh Cohen from the WEALTHTRACK Archives:

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SURPRISING PANDEMIC IMPACT

How has the pandemic experience changed Great Investor Hersh Cohen’s professional life? Surprisingly, it’s made it better.