The Art of Investing
- Episodios
- 72
- Se publica
- cada semana
- Último episodio
- 13 Nov 2026
Sobre el podcast
Looking to turn Market Chaos into Investing Clarity? Welcome to The Art of Investing - a brand new podcast that transforms market noise into clear investing strategies. Brought to you by IG, global investing platform, FTSE 250 and over 50 years in the markets. This isn't your typical finance show. Whether you're taking your first steps into the investment world or you're a seasoned investor looking to sharpen your edge, you've found your new secret weapon. Every Friday, join hosts Rich McDonald, Mark Holden & Chris Fellingham – three investing legends bringing you a combined century of market wisdom. They'll decode the week's biggest moves, reveal the hot topics that could make or break a portfolio, and share the insights that separate winners from wishful thinkers. But here's where we blow every other podcast out of the water: Introducing our live Model Portfolio. With IG's access to thousands of global markets, you'll watch our strategy unfold in real-time, unfiltered investment action, that you can follow. Every week, we'll pull back the curtain on exactly how the portfolio is performing. The wins, the losses, the lessons learned – it's all here. This is investing education with skin in the game. Are you ready to master the art of investing? This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice, financial planning guidance, or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are for educational purposes only. Past performance is not an indication of future results. Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.
Episodios 72
Our 3 Portfolio Buys This Week Amidst Nvidia Controversy
🏆 Vote for The Art of Investing in the Good Money Guide Awards!We're the defending champions, help us keep our crown! Please vote for us as Best Financial Podcast, Best Investment Educator and Best YouTube …
Notas del episodio
🏆 Vote for The Art of Investing in the Good Money Guide Awards!
We're the defending champions, help us keep our crown! Please vote for us as Best Financial Podcast, Best Investment Educator and Best YouTube Influencer here: https://goodmoneyguide.com/awards/finfluencer-awards/
⭐ Leave Us a Review
We're close to 250 reviews on Spotify and Apple Podcasts – if you enjoy the show, please leave us one. Made it to the end of the episode? Email us a question for the chance to win a pair of the signed red and yellow cards from our Live at Lord's show.
🎙️The Long and Short 🎙️
Can't wait until Friday? Rich McDonald and Piers Buckworth host The Long and Short every single Wednesday - 45 minutes on single stocks and the tech sector.
📈 Download the full Portfolio Performance Slides
View the portfolio breakdown here
📧 Get in touch: [email protected]
📱 Behind the scenes: @_theartofinvesting on TikTok
🎧 Listen on: Apple, Spotify, YouTube
This week on The Art of Investing, live from IG's new studio in the City of London, the markets bounce back, and the chairman is in a buying mood.
Rich McDonald, Mark 'Spice' Holden and Chris 'CJ' Fellingham unpack the allegations rocking Nvidia, a reassuring set of results from CoreWeave and strong US jobs and inflation data.
Then the team answer a listener question: when is it actually right to sell? And CJ owns up to the portfolio's India mistake.
And finally, after holding back last week, the chairman puts 7.5% back to work.
This Week's Highlights:
🕵️ Nvidia's Spy Scandal
Why the allegations surrounding Jensen Huang matter for up to 20% of Nvidia's sales – and why he may be too big to fire.
🔁 CoreWeave Bounces Back
Shares up 25% on the week as $132.5bn of contracted revenue calms the credit market.
🇺🇸 Hot Jobs, Hot Inflation
US payrolls smash expectations and inflation surprises higher – but CJ says the Fed is still behind the curve.
📈 Is the AI Trade Back On?
US tech now trades on its lowest valuation since 2010, as OpenAI, SoftBank and Infineon impress.
🤔 When Should You Sell?
The team answer Hannah's question on taking profits – and why impatience is never a reason to sell.
Portfolio Snapshot – Week 65:
📊 Weekly portfolio performance: -0.6%
📈 Total return since inception: +21.9%
📅 2026 year-to-date return: +9.3%
Top Performers:
📈 BlackRock World Mining Trust PLC: +2.5%
📈 iShares Physical Gold ETC: +0.6%
📈 Invesco Stoxx Euro 600 UCITS ETF GBP: +0.6%
Underperformers:
📉 iShares Nikkei 225 ETF: -3.4%
📉 iShares S&P 500 GBP Hedged ETF: -2.2%
📉 Invesco EQQQ Nasdaq 100 UCITS ETF: -1.5%
Portfolio Changes:
📈 Buy 2.5% iShares Nikkei 225 ETF (7.5% → 10%)
📈 Buy 2.5% iShares Core MSCI EM IMI ETC (7.5% → 10%)
📈 Buy 2.5% iShares Physical Gold ETC (2.5% → 5%)
📉 Sell 2.5% iShares UK Gilts 0-5yr ETF (2.5% → 0%)
💷 Cash falls from 20% to 15%
The chairman picks Japan, Spice picks emerging markets and Rich picks gold – with the money coming from gilts and cash.
Big Questions This Week:
- Was last week's sell-off the bottom?
- Could the spy allegations hit Nvidia's sales?
- Is the Fed falling further behind the curve?
- When is it right to take profits?
- Where should new money go now?
What You'll Learn:
✔️ How hedge fund deleveraging can deepen a sell-off
✔️ Why credit default swaps can be an early warning sign
✔️ What "behind the curve" means for central banks
✔️ Why equities are the best long-term hedge against inflation
✔️ When it makes sense to sell an investment
Disclaimer:
This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.
Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.
AI & Nasdaq Crash After US Midterms, Buy or Cry?
🏆 Vote for The Art of Investing in the Good Money Guide Awards!Last year we won Best Financial Podcast and Best Financial Analysis – and we'd love your support again. Please vote for us as Best Financial …
Notas del episodio
🏆 Vote for The Art of Investing in the Good Money Guide Awards!
Last year we won Best Financial Podcast and Best Financial Analysis – and we'd love your support again. Please vote for us as Best Financial Podcast and Best YouTube Content Creator here: https://goodmoneyguide.com/awards/finfluencer-awards/
🎙️The Long and Short 🎙️
Can't wait until Friday? Rich McDonald and Piers Buckworth host The Long and Short every single Wednesday - 45 minutes on single stocks and the tech sector.
📈 Download the full Portfolio Performance Slides
View the portfolio breakdown here
📧 Get in touch: [email protected]
📱 Behind the scenes: @_theartofinvesting on TikTok
🎧 Listen on: Apple, Spotify, YouTube
📖Subscribe to JP’s substack here
This week on The Art of Investing, you're joining us live in the middle of a Nasdaq crash, with 150 years of investing experience around the table to make sense of it.
Rich McDonald (live from Rome), Mark 'Spice' Holden and Chris 'CJ' Fellingham are joined by emerging markets specialist JP Smith to unpack the US midterms, a 13% fall in oil and a Bank of England rate rise.
Then JP explains why Chinese equities are a policy tool rather than a profit machine, why Korea and Taiwan don't belong in the emerging markets index, and why big tech's spending should worry investors.
And finally, with 25% sitting in cash and short gilts, the team ask: is it time to buy the dip?
This Week's Highlights:
📉 The Nasdaq Crash, Live
Chips and AI lead the sell-off, with Intel down 40% on the week and Micron down 15% in a day.
🗳️ The Midterms: A Blue Wash
What Democrat gains could mean for data centres, defence, energy, and Voldemort.
🛢️ Oil Tumbles
Brent falls 13% on the week as the US and Iran signal they're ready to talk.
🇬🇧 The Bank of England Raises Rates
A 0.25% rise on an 8–1 vote, but CJ would have gone for 0.5%.
🌏 JP on China and Emerging Markets
Why China has become a leveraged play on AI, and why the emerging markets index is dominated by Korea and Taiwan.
⚠️ Leverage, Private Credit and the Momentum Trade
CJ isn't worried about the fundamentals, he's worried about who still has to sell.
Portfolio Snapshot – Week 64:
📊 Weekly portfolio performance: -1.1%
📈 Total return since inception: +22.4%
📅 2026 year-to-date return: +9.9%
Top Performers:
📈 Invesco Stoxx Euro 600 UCITS ETF GBP: +1.7%
📈 iShares Russell 2000 ETF: +1.4%
📈 Vanguard FTSE 250: +1.3%
Underperformers:
📉 Invesco EQQQ Nasdaq 100 UCITS ETF: -5.2%
📉 WisdomTree Copper ETF: -5.1%
📉 iShares Nikkei 225 ETF: -3.8%
Portfolio Changes:
📈 Buy 2.5% Invesco EQQQ Nasdaq 100 UCITS ETF (5% → 7.5%)
💷 Cash falls from 22.5% to 20%
Rich and Spice wanted to put up to 8% back to work, but the chairman dips a toe in and keeps some powder dry.
Big Questions This Week:
- What do the midterms mean for the AI data centre build-out?
- Is the Nasdaq sell-off a shakeout or the start of something bigger?
- How much hidden leverage is in the system?
- Should Korea and Taiwan still count as emerging markets?
- Is it time to buy the dip?
What You'll Learn:
✔️ The difference between a correction and a crash
✔️ Why capex vs depreciation matters for tech valuations
✔️ How leverage and private credit can deepen a sell-off
✔️ How the S&P 500 has performed after past midterms
✔️ Why investing incrementally makes sense in volatile markets
Disclaimer:
This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.
Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.
AI Earnings & Mass Job Cuts - Are Central Banks Behind the Curve?
🇮🇹 The Art of Investing Heads to RomeRich is off to FX World in Rome, where he'll be joining panel discussions representing The Art of Investing. Wish him luck in the comments!🎙️The Long and Short 🎙️Can't wait …
Notas del episodio
🇮🇹 The Art of Investing Heads to Rome
Rich is off to FX World in Rome, where he'll be joining panel discussions representing The Art of Investing. Wish him luck in the comments!
🎙️The Long and Short 🎙️
Can't wait until Friday? Rich McDonald and Piers Buckworth host The Long and Short every single Wednesday - 45 minutes on single stocks and the tech sector.
📈 Download the full Portfolio Performance Slides
View the portfolio breakdown here
📧 Get in touch: [email protected]
📱 Behind the scenes: @_theartofinvesting on TikTok
🎧 Listen on: Apple, Spotify, YouTube
This week on The Art of Investing, the gents are suited and booted, just in time for the first big disappointment from a hyperscaler.
Rich McDonald, Mark 'Spice' Holden and Chris 'CJ' Fellingham unpack Google's cash burn, strong numbers from Microsoft and SK Hynix, and a market crash in Brazil.
Then CJ delivers his verdict on the "breathing room" Budget - 99 pages of changes for a net £7bn and 4p off gherkins - and what it means for gilts, banks and housebuilders.
And finally, the team pick apart the Fed's hawkish hold, ask whether the Fed put is back and weigh up a wave of AI-driven job cuts.
This Week's Highlights:
🔍 Google Wobbles as the Hyperscalers Raise Billions
Google posts negative cash flow, while Meta, OpenAI and SpaceX raise vast sums of new capital.
🇧🇷 Brazil's Market Crashes
The Bovespa falls 14% in a day after Lula is voted back in as president.
🇬🇧 The "Breathing Room" Budget
CJ calls it the "rearranging the deckchairs on the Titanic" Budget, and explains why gilt investors should take no comfort.
🏦 Banks, Housebuilders and Gambling
Spice runs through the Budget's winners and losers.
🇺🇸 The Fed's Hawkish Hold
Why the team still expect a US rate rise in December, and whether the Fed put is back.
💼 AI and the Jobs Cull
Microsoft, HSBC, Barclays and even the Dutch government announce major AI-driven job cuts.
Portfolio Snapshot – Week 63:
📊 Weekly portfolio performance: +0.1%
📈 Total return since inception: +23.5%
📅 2026 year-to-date return: +10.9%
Top Performers:
📈 WisdomTree Copper ETF: +2.1%
📈 iShares Russell 2000 ETF: +1.5%
📈 Vanguard FTSE 250: +1.0%
Underperformers:
📉 iShares Physical Gold ETC: -1.8%
📉 iShares Core FTSE 100 ETF: -0.6%
📉 iShares Nikkei 225 ETF: -0.2%
Portfolio Changes:
No portfolio changes this week.
After two weeks of repositioning, the team are happy to wait until after the US midterms before making their next move.
Big Questions This Week:
- Are the cracks starting to show in the hyperscalers?
- Did the Budget do enough to calm the gilt market?
- Why is the government selling fewer long-dated gilts?
- Is the Fed put back?
- Will AI job cuts keep interest rates lower than expected?
What You'll Learn:
✔️ What a Budget scorecard reveals
✔️ How gilt issuance can affect mortgage rates
✔️ What a "hawkish hold" means
✔️ What the Fed put is and why it matters
✔️ How equity dilution affects shareholders
Disclaimer:
This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.
Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.
Gold, Copper or Oil: Which One is Best for Our Portfolio?
🎟️WIN 2x TICKETS TO THE LONDON INVESTOR SHOW. IG are giving away 2 tickets to one of the best Retail Investing events of the year. The London Investor Show takes places on Friday 30th October at Leonardo Royal …
Notas del episodio
🎟️WIN 2x TICKETS TO THE LONDON INVESTOR SHOW.
IG are giving away 2 tickets to one of the best Retail Investing events of the year. The London Investor Show takes places on Friday 30th October at Leonardo Royal Hotel, London. For your chance to win, leave the comment "LONDON INVESTOR SHOW" on the episode, we'll reply to the winning comment by Monday 26th October.
More information here
🎙️ New Podcast! The Long and Short 🎙️
Can't wait until Friday? Rich McDonald and Piers Buckworth host The Long and Short, a new podcast releasing every single Wednesday covering single stocks and the tech sector – from Nvidia, Meta, Microsoft and Micron to SpaceX.
📈 Download the full Portfolio Performance Slides
View the portfolio breakdown here
📧 Get in touch: [email protected]
📱 Behind the scenes: @_theartofinvesting on TikTok
🎧 Listen on: Apple, Spotify, YouTube
This week on The Art of Investing, Spice goes digging in the portfolio's worst performer of its second year, and the chairman finally gets off the fence.
Fresh from being crowned Best Economist Creator at the FinFluencer Awards, Rich McDonald, Mark 'Spice' Holden and Chris 'CJ' Fellingham start with oil, where Spice's gut says a US move on Iran's Kharg Island could be close.
Then it's a packed week of results, from a blockbuster SpaceX to disappointing miners, plus Rich's warning on the 3x leveraged ETPs retail investors are piling into.
Spice reports back from a Bloomberg commodities conference on copper and the miners, and finally, with the portfolio down 2.6% in its second year, the chairman makes his move, trimming risk and raising cash to 22.5%.
This Week's Highlights:
🛢️ Oil, Kharg Island and the US Midterms
Why Spice is braced for escalation in the Middle East.
🚀 Earnings Season: SpaceX Soars, Netflix Stumbles
SpaceX and Tesla impress, while Netflix, BHP and Anglo American disappoint.
⚠️ The Danger of 3x Leveraged ETPs
Why one 3x chip product fell 33% in a single week.
⛏️ Copper vs Aluminium: Inside the Mining Sector
Data centre demand, tight supply and why the miners may offer better value than the metal.
🇬🇧 Budget, Inflation and Rate Rises
UK inflation hits 3.5% ahead of next week's Budget and the Bank of England's 5th November meeting.
🛡️ Bull Market or Wall of Worry?
CJ makes the bull case, then battens down the hatches.
Portfolio Snapshot – Week 62:
📊 Weekly portfolio performance: -1.2%
📈 Total return since inception: +23.2%
📅 2026 year-to-date return: +10.7%
Top Performers:
📈 iShares Russell 2000 ETF: +1.5%
📈 iShares Core FTSE 100 ETF: +0.2%
📈 Vanguard FTSE 250: +0.1%
Underperformers:
📉 iShares Nikkei 225 ETF: -4.9%
📉 WisdomTree Copper ETF: -3.4%
📉 iShares Core MSCI EM IMI ETC: -3.2%
Portfolio Changes:
📉 Sell 2.5% iShares Core MSCI EM IMI ETC (10% → 7.5%)
📈 Buy 2.5% BlackRock World Mining Trust PLC (5% → 7.5%)
📉 Sell 2.5% iShares Russell 2000 ETF (7.5% → 5%)
📉 Sell 2.5% iShares Nikkei 225 ETF (10% → 7.5%)
💷 Cash increases from 17.5% to 22.5%
Equities fall to 57.5%, with 25% now held in cash and short-dated gilts.
Big Questions This Week:
- Is the US preparing to move on Kharg Island?
- Are leveraged ETPs a mug's game?
- Is copper's bull story already in the price?
- Is the market climbing a wall of worry?
- Is it time for the portfolio to get more defensive?
What You'll Learn:
✔️ How 3x leveraged ETPs work, and how they can go wrong
✔️ Why copper supply is struggling to keep up with demand
✔️ The difference between investing in a commodity and its miners
✔️ How the team think about cash and defensive positioning
Disclaimer:
This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.
Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.
CoreWeave Sends Shockwaves Through AI Capex Debt Markets
📈 Download the full Portfolio Performance SlidesView the portfolio breakdown here: https://drive.google.com/file/d/1WLmVLzxUZLPAXkRujUokqZMfWR7spwkC/view?usp=sharing📧 Get in touch: [email protected]📱 …
Notas del episodio
📈 Download the full Portfolio Performance Slides
View the portfolio breakdown here: https://drive.google.com/file/d/1WLmVLzxUZLPAXkRujUokqZMfWR7spwkC/view?usp=sharing
📧 Get in touch: [email protected]
📱 Behind the scenes: @_theartofinvesting on TikTok
🎧 Listen on: Apple, Spotify, YouTube
Fresh from their first live show at Lord’s, Rich McDonald, Mark ‘Spice’ Holden and Chris ‘CJ’ Fellingham return to a bruising week for markets. Chip stocks have sold off sharply, Korea has slipped into a bear market, and the portfolio has had a tough week.
First up, Spice runs through the market update. It covers a higher oil price after Houthi attacks on Saudi refineries, a sharp sell-off in semiconductors and the start of earnings season. PepsiCo and Delta were both caught out by rising costs, while the big US banks impressed.
Then the team turn to CoreWeave, where soaring credit default swaps sparked a wobble across the AI trade. CJ explains what a credit default swap actually is, and why markets are now asking serious questions about the debt behind the AI build-out.
The team also tackle hot US inflation data and gloomy consumer sentiment, which have sent the odds of a Fed rate rise soaring. Is stagflation back on the table?
And finally, CJ makes the case that this bull market may have overstayed its welcome, while Spice argues why smaller and mid-sized companies could be the real winners from AI. Plus, the team reveal what the audience survey at Lord’s told them about how listeners are invested, and why so few are holding bonds.
This Week’s Highlights:🤖 CoreWeave: Is the AI Debt Party Over?
CJ explains credit default swaps and why surging borrowing costs at CoreWeave rattled the whole AI trade.
💻 Chips, Korea and a Brutal Week for Tech
Spice unpacks the semiconductor sell-off, a Chinese memory chip breakthrough and Korea’s slide into a bear market.
🇺🇸 Stagflation: The Worst of Both Worlds?
Hot inflation and weak consumer confidence push up the odds of a Fed rate rise. CJ explains why stagflation is so hard to escape.
🐻 Has the Bull Market Overstayed Its Welcome?
From magazine covers to market breadth and concentration, CJ lays out the warning signs, and Spice makes the case for the optimists.
🇬🇧 The UK: A Beacon of Stability
The FTSE 100 and FTSE 250 lead the portfolio as money rotates out of AI and into more defensive names.
💰 Lessons from Lord’s
What the live audience survey revealed about investors’ portfolios, and why bonds may deserve a second look.
Portfolio Snapshot – Week 61:
📊 Weekly portfolio performance: -1.1%
📈 Total return since inception: +24.5%
📅 2026 year-to-date return: +11.9%Top Performers:
📈 iShares Core FTSE 100 ETF: +2.2%
📈 Vanguard FTSE 250: +1.0%
📈 WisdomTree Copper ETF: +0.8%Underperformers:
📉 iShares Core MSCI EM IMI ETC: -5.0%
📉 iShares Russell 2000 ETF: -3.9%
📉 iShares Nikkei 225 ETF: -3.7%
📉 BlackRock World Mining Trust PLC: -3.6%
Disclaimer:
This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.
Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.Capítulos (10)
Is France Becoming Europe’s Biggest Market Risk?
🏆 Vote for The Art of Investing in the FinFluencer Awards!The Art of Investing has been nominated in the Best Economist Influencer category at the FinFluencer Awards.With voting coming to a close, this is your …
Notas del episodio
🏆 Vote for The Art of Investing in the FinFluencer Awards!
The Art of Investing has been nominated in the Best Economist Influencer category at the FinFluencer Awards.
With voting coming to a close, this is your last chance to support the show!
Vote here: https://www.finfluencer.digital/awards/uk/vote
🏏 The Art of Investing LIVE at Lord’s Cricket Ground
If you’ve registered to join us at Lord’s on 13th October, please check your inbox and confirm your attendance so we can finalise numbers for the evening. If you signed up but haven’t received an email, please get in touch with the team.
📈 Download the full Portfolio Performance Slides
View the portfolio breakdown here
📧 Get in touch: [email protected]
📱 Behind the scenes: @_theartofinvesting on TikTok
🎧 Listen on: Apple, Spotify, YouTube
This week on The Art of Investing, it’s a special episode dedicated to your questions.
With the team preparing for their first live show at Lord’s Cricket Ground, Rich McDonald, Mark 'Spice' Holden and Chris 'CJ' Fellingham turn their attention to some of the biggest investing questions sent in by listeners.
First up, CJ takes us to France, where political uncertainty and rising borrowing costs are putting pressure on European bond markets. Could the European Central Bank eventually be forced to intervene, and what does it all mean for European equities?
Then it’s over to Spice for a deep dive into Nike. After another profit warning, the team explain trough earnings, price-to-earnings ratios and the difficult art of spotting a corporate turnaround. They also explore the opposite problem: what happens when investors are paying for earnings that might already be at their peak?
The team also tackle a question about individual UK gilts versus gilt ETFs, exploring the differences in maturity, price movements, transaction costs and tax treatment.And finally, the team lift the lid on the model portfolio, explaining how its weightings work, why they don’t automatically rebalance every position and how the performance figures are calculated.
This Week’s Highlights:
🇫🇷 Is France Becoming Europe’s Biggest Bond Market Problem?CJ explores France’s debt troubles, rising bond yields and whether the ECB might need to intervene.
👟 Nike: Is the Worst Finally Over?
After another profit warning, Spice explains trough earnings, potential turnarounds and why value investing is harder than it looks.
📊 Trough Earnings vs Peak Earnings
Why might a stock trading on 25 times earnings be cheaper than one on seven times? The team examine P/E ratios, AI stocks and the risks of peak profits.
💰 Individual Gilts vs Bond ETFsCJ explains the differences in maturity, costs and tax treatment when investing in UK government bonds.
📈 Record Highs, Rising Yields and Weak Jobs Data
US equities continue climbing despite higher borrowing costs and a slowing jobs market. Meanwhile, Japan and emerging markets lead the portfolio.
Portfolio Snapshot – Week 60:
📊 Weekly portfolio performance: +0.6%
📈 Total return since inception: +25.5%
📅 2026 year-to-date return: +13.0%
Top Performers:
📈 iShares Nikkei 225 ETF: +3.5%
📈 iShares Core MSCI EM IMI ETC: +3.1%
📈 Invesco EQQQ Nasdaq 100 UCITS ETF: +1.7%
Underperformers:
📉 BlackRock World Mining Trust PLC: -1.9%
📉 Vanguard FTSE 250: -1.8%
📉 Invesco Stoxx Euro 600 UCITS ETF GBP: -1.1%
📉 iShares Core FTSE 100 ETF: -1.0%
Portfolio Changes:No portfolio changes this week.
The team maintains its 13 holdings, including 17.5% cash, 5% Nasdaq and 2.5% gold.
CJ also explains how the educational model portfolio tracks target weightings and why it doesn’t automatically adjust for market movements or dividends.
Big Questions This Week:
- Is France becoming Europe’s biggest bond market risk?
- Can US stocks keep rising despite higher borrowing costs?
- Should investors choose individual gilts or gilt ETFs?
- Is Nike approaching trough earnings?
- Are AI stocks heading towards peak earnings?
- How does the model portfolio actually work?
What You’ll Learn:
✔️ Why France’s debt troubles matter for investors
✔️ The differences between individual gilts and gilt ETFs
✔️ How to recognise trough and peak earnings
✔️ Why P/E ratios can be misleading
✔️ How growth and value investors approach struggling stocks
✔️ How the team calculates model portfolio performance
Disclaimer:
This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.
Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.
Capítulos
Cargando capítulos…
Stress Testing Your Portfolio: Will we add Gold, Treasuries or Nasdaq?
🏆 Vote for The Art of Investing in the FinFluencer Awards!The Art of Investing has been nominated in the Best Economist Influencer category at the FinFluencer Awards.You can cast your vote using the link …
Notas del episodio
🏆 Vote for The Art of Investing in the FinFluencer Awards!
The Art of Investing has been nominated in the Best Economist Influencer category at the FinFluencer Awards.
You can cast your vote using the link below:
https://www.finfluencer.digital/awards/uk/vote🏏 The Art of Investing LIVE at Lord’s Cricket Ground
If you’ve registered to join us at Lord’s on 13th October, keep an eye on your inbox!
📈 Download the full Portfolio Performance Slides
View the portfolio breakdown: here📧 Get in touch: [email protected]
📱 Behind the scenes: @_theartofinvesting on TikTok
🎧 Listen on: Apple, Spotify, YouTubeThis week on The Art of Investing, it’s time for the big end-of-quarter portfolio review.
With bond yields continuing to rise and markets becoming increasingly divided beneath the surface, Rich, Mark and Chris ask whether the investment environment is beginning to fundamentally change, and what that could mean for the portfolio over the final three months of the year.
CJ sets out three possible scenarios for markets: a continued surge in bond yields that ultimately leads towards recession; an AI-driven productivity boom that brings greater disinflationary pressure; or a continuation of the volatile environment investors are navigating today.
The team debate which scenario they think is most likely, whether it’s finally getting close to the time to buy longer-dated bonds, and whether AI can continue driving markets even as the cost of capital rises.
And after another difficult week for India, the investment committee finally loses patience, selling the position completely and reallocating the capital into the Nasdaq 100 and gold.
This Week’s Highlights:📉 Are Bond Markets Reaching Breaking Point?
Bond yields continue to climb, forcing the team to ask how far they can rise before equity markets and the wider economy begin to feel the pressure.
🐻 Three Scenarios for the Next Three Months
CJ lays out three potential paths for markets: rising yields eventually triggering a recession, AI creating a powerful disinflationary environment, or markets continuing to grind through the current volatility.🤖 Can AI Keep Defying Higher Rates?
Strong results from Micron reignite the AI debate. Mark argues that productivity gains could arrive faster than expected, while the team questions how long technology companies can remain insulated from higher borrowing costs.
💰 Is It Finally Time to Buy Bonds?
With long-dated yields moving higher, the team debates whether bonds are becoming attractive again – or whether investors could get an even better opportunity by waiting.🥇 Gold Comes Back Into the Portfolio
After discussing gold for several weeks, the investment committee finally takes the plunge, adding a new allocation as part of its end-of-quarter portfolio changes.🇮🇳 The Team Calls Time on India
India has been one of the portfolio’s most difficult positions. With the holding down again this week and remaining negative since inception, the team debates its outlook before deciding to exit completely.Portfolio Snapshot - Week 59:
📊 Weekly portfolio performance: -0.5%
📈 Total return since inception: +25.0%
📅 2026 year-to-date return: +12.5%Top Performers:
📈 iShares Nikkei 225 ETF: +3.0%
📈 Vanguard FTSE 250: +0.6%
📈 Invesco EQQQ Nasdaq 100 UCITS ETF: +0.3%Underperformers:
📉 iShares MSCI India ETF: -3.8%
📉 BlackRock World Mining Trust PLC: -3.1%
📉 WisdomTree Copper ETF: -2.3%Portfolio Changes:
The investment committee decides to sell the portfolio’s entire 5% India position after another difficult week for the holding.
The proceeds are split between two areas:
📈 +2.5% Nasdaq 100 - increasing the allocation from 2.5% to 5%.
🥇 +2.5% Gold - introducing a new direct gold allocation to the portfolio.
Big Questions This Week:
- How high can bond yields go before something breaks?
- Is the global economy moving towards recession or another period of strong growth?
- Could AI become a major disinflationary force?
- Can technology stocks continue performing as borrowing costs rise?
- Is it finally time to start buying longer-dated bonds?
- What happens if unemployment begins to rise?
- Has India become too difficult to justify in the portfolio?
- Is gold becoming more attractive as uncertainty increases?
- Where should investors be positioned heading into the final quarter of the year?
Disclaimer:
This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.
Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.
Stocks & Bond Yields at Record Highs...Something Must Break
🎟️ Join The Art of Investing LIVE at Lord’s Cricket Ground!Join Rich, Mark and Chris in the Long Room at Lord’s Cricket Ground on 13th October from 6:30pm for a special live edition of The Art of Investing …
Notas del episodio
🎟️ Join The Art of Investing LIVE at Lord’s Cricket Ground!
Join Rich, Mark and Chris in the Long Room at Lord’s Cricket Ground on 13th October from 6:30pm for a special live edition of The Art of Investing, with special guests, prizes and more.
The event is completely free – sign up here:
https://www.ig.com/uk/the-art-of-investing-live
📈 Download the full Portfolio Performance Slides
View the portfolio breakdown: here📧 Get in touch: [email protected]
📱 Behind the scenes: @_theartofinvesting on TikTok
🎧 Listen on: Apple, Spotify, YouTube
This week on The Art of Investing, Rich, Mark and Chris are joined by resident strategist Stewie Thompson to unpack a huge few days for global markets.
After three major central bank decisions, attention has quickly shifted back to inflation, interest rates and the bond market. Stronger-than-expected US economic data has pushed bond yields higher again and raised a big question for investors: how high can rates go before they start pulling money away from equities and other risk assets?The team looks at what’s happening across US Treasuries, UK gilts and Japanese bonds, why the “competition for capital” matters, and whether central banks risk falling behind the curve.
There’s also plenty happening away from bonds. Oil has fallen sharply, the Nasdaq 100 and copper have pushed higher, AI continues to drive some extraordinary moves across technology stocks, and the US dollar has strengthened.
And after a strong week for the model portfolio, the team debates whether now is the moment to bank some profits and increase the amount of cash on the sidelines.
This Week’s Highlights
📈 Why Bond Yields Are Back in Focus
Strong US economic data sends bond yields higher and forces markets to reassess how far interest rates may still need to rise.💰 The Competition for Capital
Stewie explains one of the biggest themes facing markets: if investors can earn increasingly attractive returns from government bonds, what happens to demand for riskier assets?🤖 AI Keeps Driving Markets
The team discusses another strong period for technology stocks, with AI investment and demand helping drive moves across Nvidia, Intel, AMD, Micron and the wider Nasdaq.🧠 The Rise of AI Agents
The team looks at the potential impact of AI agents on everything from banking and insurance to travel and online shopping, and why the technology could create a new battle for consumers.
🛢️ Oil Falls, Markets Rally
A sharp fall in oil prices provides some relief to markets and helps support areas including emerging markets and commodities.💵 The Dollar Strengthens
The US dollar pushes higher as stronger economic data attracts capital back towards the US and challenges expectations around the path for interest rates.Portfolio Snapshot - Week 58:
📊 Weekly portfolio performance: +2.2%
📈 Total return since inception: +25.5%
📅 2026 year-to-date return: +13.0%Top Performers:
📈 WisdomTree Copper ETF: +8.1%
📈 Invesco EQQQ Nasdaq 100 UCITS ETF: +6.4%
📈 iShares Core MSCI EM IMI ETC: +4.3%
📈 iShares Nikkei 225 ETF: +3.8%Underperformers:
📉 iShares Russell 2000 ETF: -1.0%
📉 Cash: +0.1%
📉 iShares UK Gilts 0–5yr ETF: +0.2%Portfolio Changes
After a strong run for several of the portfolio’s positions, the team debates whether rising bond yields and the changing interest-rate outlook mean it’s time to take some risk off the table.
Japan comes under particular scrutiny following another strong week, with the position now up nearly 50% since inception.
The team ultimately decides to trim the Japan allocation by 2.5%, reducing it from 12.5% to 10%, and move the proceeds into cash.
That takes the portfolio’s combined allocation to cash and short-dated gilts to 20%, giving the team more dry powder while they watch what happens next across rates, bonds and global equity markets.
Big Questions This Week:- How high could bond yields go from here?
- Are central banks at risk of falling behind the curve on inflation?
- What does the “competition for capital” mean for equity investors?
- Can technology and AI stocks keep performing if borrowing costs continue to rise?
- Is the recent strength in the US dollar telling investors something about where global capital is moving?
- After a strong run, is now the time to take some profits and hold more cash?
- Can copper continue to benefit from the AI and infrastructure boom?
What You’ll Learn:
✔️ Why stronger economic data can push bond yields higher
✔️ How interest-rate expectations feed through into government bond markets
✔️ What investors mean by the “competition for capital”
✔️ Why higher bond yields can put pressure on riskier assets
✔️ How falling oil prices can affect commodities and emerging markets
✔️ Why AI investment continues to influence technology stocks and the wider market
✔️ How the team thinks about taking profits after a strong run
✔️ Why cash can play an important role when market uncertainty increasesDisclaimer:
This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.
Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.
Gilt Market Tells Bank of England: It’s Time to Hike Rates
🎟️ Join The Art of Investing LIVE at Lord’s Cricket Ground!Join Rich, Mark and Chris in the Long Room at Lord’s Cricket Ground on 13th October from 6:30pm for a special live edition of The Art of Investing …
Notas del episodio
🎟️ Join The Art of Investing LIVE at Lord’s Cricket Ground!
Join Rich, Mark and Chris in the Long Room at Lord’s Cricket Ground on 13th October from 6:30pm for a special live edition of The Art of Investing, with special guests, prizes and more.
The event is completely free – sign up here:
https://www.ig.com/uk/the-art-of-investing-live📈 Download the full Portfolio Performance Slides
View the portfolio breakdown: here📧 Get in touch: [email protected]
📱 Behind the scenes: @_theartofinvesting on TikTok
🎧 Listen on: Apple, Spotify, YouTube
This week on The Art of Investing, Rich, Mark and Chris are joined by Kieron Lynch, a gilt market veteran whose career began during Britain’s 1976 financial crisis and spans 50 years across the UK bond market.
With oil above $100, bond yields climbing and central banks facing increasingly difficult decisions on interest rates, Kieron looks back to the inflation crisis of the 1970s to ask what investors and policymakers can learn from history.
The team explore why credibility matters so much to bond markets, whether the Bank of England is falling behind the curve and why treating inflation as “transitory” can be such a dangerous strategy. Kieron also explains what would need to happen before he becomes confident buying long-dated gilts again.
Plus, the team assesses another difficult week for the portfolio as rising oil prices, a stronger US dollar and changing expectations around AI investment put pressure on commodities and emerging markets.
This Week’s Highlights:
🕰️ What Can Investors Learn From the 1970s?
Kieron takes us back to Britain’s 1976 financial crisis, when soaring inflation, negative real yields and collapsing confidence ultimately forced the UK to seek help from the IMF.
📈 Why Inflation Comes in Waves
From the oil shocks of the 1970s to today’s disruption around the Strait of Hormuz, Kieron explains why defeating one inflationary shock doesn’t necessarily mean the problem is over.🏦 Is the Bank of England Behind the Curve?
The team questions whether incremental rate rises will be enough, with Kieron arguing that markets need convincing evidence that policymakers are serious about bringing inflation under control.💷 Are Gilts Finally Becoming Attractive?
With long gilt yields approaching 6%, Chris and Kieron debate whether current yields represent an opportunity – or whether investors should wait for stronger action from the Bank of England.🤖 AI Hits a New Roadblock
Warnings from leading AI executives over safety and the pace of development hit global chip stocks, while raising questions about whether hyperscalers could begin slowing their enormous capital expenditure plans.
🛢️ Oil Puts Markets Under Pressure
Brent climbs to around $108 while US oil reaches $100, increasing inflationary pressure and contributing to a difficult week for commodities and other risk assets.
Portfolio Snapshot:📊 Weekly portfolio performance: -1.2%
📅 2026 year-to-date return: +10.8%Commodities were the biggest drag this week, with copper falling around 6% and BlackRock World Mining down around 5%. Emerging markets also came under pressure as semiconductor stocks fell, while the FTSE 100 was the portfolio’s strongest-performing risk asset.
Portfolio Changes:
No portfolio changes this week.
The team debate adding longer-dated gilts as yields approach potentially attractive levels, but ultimately decide to wait and see how the Bank of England and other major central banks respond. The portfolio therefore maintains its 15% cash position and 2.5% allocation to short-dated gilts.
Big Questions This Week:- What can today’s investors learn from Britain’s inflation crisis in the 1970s?
- Is the Bank of England falling behind the curve?
- Why is credibility so important when central banks fight inflation?
- Are long-dated gilts finally becoming attractive at current yields?
- Could slowing AI investment reduce the competition for capital?
- Are resilient equity markets signalling strength or creating a false sense of security?
What You’ll Learn:
✔️ Why inflation can return in multiple waves
✔️ How monetary and fiscal policy worked together to restore UK market confidence
✔️ What investors mean when a central bank is “behind the curve”
✔️ Why bond markets react so strongly to central bank credibility
✔️ What could make long-dated UK gilts attractive again
✔️ Why treating inflation as permanent could actually help make it transitoryDisclaimer:
This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.
Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.
Oil Prices Driving Interest Rates Higher; When Will Stocks React?
🎟️ Join The Art of Investing LIVE at Lord’s Cricket Ground!Join Rich, Mark and Chris in the Long Room at Lord’s Cricket Ground on 13th October from 6:30pm for a special live edition of The Art of Investing.The …
Notas del episodio
🎟️ Join The Art of Investing LIVE at Lord’s Cricket Ground!
Join Rich, Mark and Chris in the Long Room at Lord’s Cricket Ground on 13th October from 6:30pm for a special live edition of The Art of Investing.
The event is completely free – sign up here:
https://www.ig.com/uk/the-art-of-investing-live
📈 Download the full Portfolio Performance Slides
View the portfolio breakdown: here📧 Get in touch: [email protected]
📱 Behind the scenes: @_theartofinvesting on TikTok
🎧 Listen on: Apple, Spotify, YouTube
This week on The Art of Investing, the team look ahead to a crucial week for global interest rates, with major central banks preparing to make their next moves as investors grapple with rising oil prices and an intensifying competition for capital.
Chris explains why he believes interest rates need to rise regardless of the latest inflation data, while Mark explores the bullish alternative: could AI-driven productivity and investment deliver economic growth strong enough to offset higher borrowing costs?
The team also examine Scott Bessent’s attempts to influence US bond markets, the strengthening Japanese yen and what record copper prices are telling us about demand, AI infrastructure and the global economy.
Plus, 25 years on from 9/11, Rich, Mark and Chris reflect on their experiences working in financial markets that day and the extraordinary market recovery that followed.
This Week’s Highlights:
🛢️ Oil Breaks Through $100
Oil moves above $102 a barrel as disruption around the Strait of Hormuz puts energy markets and inflation back in focus.🥉 Copper Hits Another Record High
Copper reaches a new all-time high as supply tightens and demand from AI data centres continues to grow.💴 The Yen Trade Pays Off
The Japanese yen strengthens around 4%, helping the portfolio’s unhedged Nikkei 225 position and highlighting the impact currencies can have on overseas investments.🏦 Should Central Banks Raise Rates?
With major central bank decisions approaching, Chris argues policymakers should act now to demonstrate their commitment to controlling inflation.
🤖 Could AI Deliver Extraordinary Growth?
The team debate whether AI-driven productivity could generate enough economic growth to offset higher borrowing costs.📈 When Do Higher Yields Become a Problem?
Chris asks where the tipping point lies at which attractive bond yields begin pulling capital away from equities.
Portfolio Snapshot - Week 56:📊 Weekly portfolio performance: +0.2%
📈 Total return since inception: +24.8%
📅 2026 year-to-date return: +12.2%
Top Performers:📈 iShares Nikkei 225 ETF: +2.8%
📈 WisdomTree Copper ETF: +2.8%
📈 iShares Core MSCI EM IMI ETC: +1.0%
Underperformers:📉 iShares MSCI India ETF: -2.9%
📉 Vanguard FTSE 250: -1.1%
📉 iShares Core FTSE 100 ETF: -0.9%
📉 Invesco STOXX Europe 600 UCITS ETF GBP: -0.8%
Portfolio Changes:The team are selling their 5% holding in XLI SPDR US Industrials ETF and moving the proceeds into cash, taking the portfolio’s cash allocation from 10% to 15%.
After several weeks of discussing becoming more defensive, the additional cash gives the team greater flexibility should opportunities emerge.
Big Questions This Week:
- How much further could oil prices rise?
- Why has the Japanese yen strengthened so sharply?
- Should central banks raise rates even if inflation begins to soften?
- Can AI growth offset higher borrowing costs?
- When do higher bond yields begin pulling capital away from equities?
- Is now the right time to become more defensive?
What You’ll Learn:
✔️ Why oil above $100 could create renewed inflationary pressure
✔️ How currencies can transform returns from overseas investments
✔️ Why central banks face difficult decisions on interest rates
✔️ How AI investment is creating competition for capital
✔️ Why stronger growth doesn’t automatically mean higher equity valuations
✔️ Why the team are increasing their cash position
Disclaimer:This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.
Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.
Interest Rates Are Going Up - Is the UK Ready?
📈 Download the full Portfolio Performance SlidesView the portfolio breakdown: here📧 Get in touch: [email protected]📱 Behind the scenes: @_theartofinvesting on TikTok🎧 Listen on: Apple, Spotify, YouTube …
Notas del episodio
📈 Download the full Portfolio Performance Slides
View the portfolio breakdown: here📧 Get in touch: [email protected]
📱 Behind the scenes: @_theartofinvesting on TikTok
🎧 Listen on: Apple, Spotify, YouTube
This week on The Art of Investing, the team ask whether the investment landscape is beginning to change as bond yields continue to climb around the world.
Chris compares the very different forces driving UK and US bond markets, arguing that while America faces a growing competition for capital to fund the AI investment boom, the UK is confronting a much more uncomfortable inflation and credibility problem.
The team also revisit Jackson Hole, where Kevin Warsh’s more hawkish message pushed markets towards expecting further interest rate rises, and examine the latest chapter in the increasingly public disagreement between Scott Bessent and Stanley Druckenmiller over the direction of US bond yields.
Alongside the macro debate, they answer listener questions on the role of short-dated gilts in a diversified portfolio, whether higher bond yields have changed the case for the Russell 2000, and why becoming emotionally attached to an investment can be one of the most dangerous mistakes an investor makes.
This Week’s Highlights:
🛢️ Oil Puts Markets Under Pressure
Oil prices jump sharply as conflict escalates again in the Middle East, adding to inflation concerns and weighing on industrials, commodities and interest-rate-sensitive assets.🏦 UK vs US: Two Very Different Bond Problems
Chris explains why rising US yields reflect a shortage of capital, while UK bond markets are signalling much greater concern about long-term inflation and the credibility of monetary and fiscal policy.🤖 Is AI Creating a Shortage of Capital?
The extraordinary sums being invested in AI and data centres are increasing demand for funding, raising the question of how high bond yields may need to go before capital starts moving out of other assets.📊 Does the Russell 2000 Still Make Sense?
Mark explains why he remains positive on US small caps despite rising rates, pointing to strong domestic growth and expectations for significant earnings growth across the index.🛡️ Why Hold Short-Dated Gilts?
A listener challenges the portfolio’s short-term gilt position, prompting a discussion about diversification, defensive assets and why bonds do not always protect portfolios when inflation is driving markets.
❤️ The Danger of Falling in Love With an Investment
The team share painful lessons from their own careers on becoming emotionally attached to positions, ignoring price action and allowing past profits or losses to influence future decisions.
Portfolio Snapshot - Week 55:📊 Weekly portfolio performance: -0.9%
📈 Total return since inception: +24.6%
📅 2026 year-to-date return: +12.0%Top Performers:
📈 Invesco EQQQ Nasdaq 100 UCITS ETF: +0.6%
📈 iShares Core MSCI EM IMI ETF: +0.4%
📈 iShares MSCI India ETF: +0.3%Underperformers:
📉 XLI SPDR US Industrials ETF: -4.0%
📉 BlackRock World Mining Trust PLC: -2.2%
📉 iShares Russell 2000 ETF: -2.0%Portfolio Changes:
No portfolio changes this week.
The portfolio fell 0.9% as higher oil prices and rising bond yields weighed particularly heavily on cyclical assets, while technology and emerging markets provided some support. The portfolio remains up 12.0% year to date and 24.6% since inception.
Big Questions This Week:- Are rising global bond yields beginning to change the investment landscape?
- Why are bond yields rising for very different reasons in the UK and the US?
- Could the enormous demand for capital from AI eventually pull money out of equities?
- Do short-dated gilts still have a role in the portfolio if they have delivered little return?
- Has the rise in bond yields weakened the investment case for the Russell 2000?
- How can investors avoid becoming emotionally attached to a winning or losing position?
What You’ll Learn:
✔️ Why rising bond yields do not always mean markets are worried about inflation
✔️ What UK bond markets are signalling about long-term inflation expectations
✔️ How the AI investment boom is increasing competition for capital in the US
✔️ Why short-term bonds can still play a defensive role within a diversified portfolio
✔️ How higher interest rates affect small and mid-sized companies differently
✔️ Why successful investors need to separate their emotions from their investment decisionsDisclaimer:
This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.
Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.
Nvidia vs Gold; Which is the greater fools rally?
📈 Download the full Portfolio Performance SlidesView the portfolio breakdown: here📧 Get in touch: [email protected]📱 Behind the scenes: @_theartofinvesting on TikTok🎧 Listen on: Apple, Spotify, YouTube …
Notas del episodio
📈 Download the full Portfolio Performance Slides
View the portfolio breakdown: here📧 Get in touch: [email protected]
📱 Behind the scenes: @_theartofinvesting on TikTok
🎧 Listen on: Apple, Spotify, YouTube
This week on The Art of Investing, Rich McDonald, Mark “Spice” Holden and Chris “CJ” Fellingham are back with a big listener Q&A episode, taking on three of the biggest questions facing investors right now: should you bother picking single stocks, is gold worth buying again, and are equities entering a more difficult phase?
With Nvidia delivering another extraordinary update, Bitcoin back above $80,000, oil falling sharply, and bond markets still waiting on Jackson Hole, the team unpack a market where confidence is returning in some places, but the warning signs have not disappeared.
From the challenge of beating ETFs to the case for gold, AI infrastructure spending, and the hidden effect of new share issuance, this episode asks whether investors should be adding risk, sitting tight, or preparing for a harder turn in markets.
Portfolio Snapshot - Week 54:
No changes were made to the portfolio this week.
📊 Weekly portfolio performance: +0.5%
📈 Total return since inception: +25.4%
📅 2026 year-to-date return: +12.9%
Top Performers:
📈 BlackRock World Mining Trust PLC: +4.7% WoW
📈 WisdomTree Copper ETF: +1.9% WoW
📈 iShares Core MSCI EM IMI ETC: +1.8% WoW
Underperformers:
📉 XLI SPDR US Industrials ETF: -1.2% WoW
📉 iShares Russell 2000 ETF: -1.2% WoW
📉 Invesco EQQQ Nasdaq 100 UCITS ETF: -1.1% WoW
This Week’s Highlights:
📊 Portfolio Edges Higher
The model portfolio rises around +0.5% on the week, taking performance to +25.4% since inception and +12.9% year-to-date.
🤖 Nvidia Reignites the AI Debate
Nvidia guides to 70% revenue growth for the year ending January 2028, but the team debate whether the market is still right to stay cautious.
📉 Bonds Stay in Focus
Stanley Druckenmiller criticises Scott Bessent’s Treasury bond-buying plan, keeping fiscal credibility and bond-market pressure firmly on the agenda.
🛢️ Oil Falls Sharply
Oil drops around 7% as progress around the Strait of Hormuz eases supply fears, helping bonds but raising new questions about inflation and commodities.
🥇 Gold Gets Another Look
After a strong rebound, the team debate whether gold deserves a place in the portfolio again, or whether real yields still make the case difficult.
📦 ETFs vs Stock Picking
CJ and Spice explain why even professional investors struggle to beat indices, and why ETFs remain the preferred route for most long-term investors.
🏗️ Re-Equitisation Risk
The team examine whether a wave of IPOs, AI funding and insider selling could reverse years of shrinking share supply and weigh on future returns.
Big Questions This Week:
• Is Nvidia still cheap, or is the market right to be suspicious of future AI growth?
• Should everyday investors bother picking single stocks, or stick with ETFs?
• Is gold attractive again after its pullback and rebound?
• Will weaker oil and a softer dollar bring central banks back into gold?
• Could a new wave of IPOs and equity issuance drag on market returns?
• Are investors close to the point where they should start reducing risk?
What You’ll Learn:
✔️ Why Nvidia’s numbers can be outstanding while the wider market still stays cautious
✔️ Why most active managers struggle to beat their benchmark over time
✔️ How factor ETFs can replace some traditional fund-manager exposure
✔️ Why real yields, the dollar and central-bank buying matter for gold
✔️ What “de-equitisation” and “re-equitisation” mean for stock market returns
✔️ Why Jackson Hole could shape the next portfolio move
Disclaimer:
This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.
Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.
Capítulos
Cargando capítulos…
Will Bond Vigilantes end the Equity Bull Market?
📊 The Art of Investing Survey – Fill in the form here, we’d love your feedback:https://forms.office.com/e/tCyxzN48Ks📈 Download the full Portfolio Performance SlidesView the portfolio breakdown: here📧 Get in …
Notas del episodio
📊 The Art of Investing Survey – Fill in the form here, we’d love your feedback:
https://forms.office.com/e/tCyxzN48Ks📈 Download the full Portfolio Performance Slides
View the portfolio breakdown: here📧 Get in touch: [email protected]
📱 Behind the scenes: @_theartofinvesting on TikTok
🎧 Listen on: Apple, Spotify, YouTube
This week on The Art of Investing, attention turns to the bond market as rising real yields begin to create a new challenge for investors.
Chris breaks down what real yields actually are, why they are moving higher and how increasingly attractive returns from government bonds could eventually start competing with equities for investors’ capital.
The team also unpack the US Treasury’s latest intervention in the bond market, likening the move to a modern-day “Operation Twist”, and debate whether policymakers can successfully push down longer-term yields when borrowing demand remains so high.
Alongside the bond discussion, Mark reviews a busy week across markets, from a weaker US dollar and a rebound in Bitcoin and Ethereum to Moderna’s extraordinary rally. The team also answer listener questions on whether it’s too late to start following the portfolio, how they use moving averages to inform investment decisions, and the role currency hedging can play when investing overseas.
This Week’s Highlights:
💰 Why Real Yields Matter
Chris explains the difference between nominal and inflation-linked bonds, and why rising real yields could become increasingly important for equities and other risk assets.
🔄 Operation Twist Returns
The team unpack the US Treasury’s plan to increase long-term bond buybacks while issuing more short-dated debt, and why they believe the intervention matters for markets.
🏦 The Competition for Capital
With governments and major technology companies borrowing heavily, the team discuss why growing demand for capital is pushing yields higher and creating a more challenging backdrop for investors.
📉 When Do Bonds Become Too Attractive to Ignore?
Chris considers the level at which higher risk-free returns could encourage investors to reduce equity exposure and start allocating more heavily towards bonds.
📊 How the Team Decide When to Buy and Sell
Responding to a listener question, Mark and Chris explain how moving averages can help identify when markets are becoming stretched and provide a less emotional view of price action.
💷 Should Investors Hedge Currency Risk?
The team explore the impact exchange rates can have on overseas investments and why sterling investors may choose between hedged and unhedged funds.
Portfolio Snapshot - Week 53:📊 Weekly portfolio performance: -1.1%
📈 Total return since inception: +24.9%
📅 2026 year-to-date return: +12.4%Top Performers:
📈 BlackRock World Mining Trust PLC: +1.0%
📈 iShares Russell 2000 ETF: +0.1%
📈 Cash: +0.1%Underperformers:
📉 iShares Nikkei 225 ETF: -3.7%
📉 WisdomTree Copper ETF: -2.9%
📉 XLI SPDR US Industrials ETF: -1.8%
Portfolio Changes:No portfolio changes this week.
Despite weakness across several holdings, diversification helped limit the overall portfolio decline to 1.1%, with the team maintaining their existing positioning as they begin the second year of the portfolio.
Big Questions This Week:
- Could rising real yields eventually pull meaningful capital away from equities?
- Why is the US Treasury intervening in the long end of the bond market?
- Can policymakers successfully fight the direction of the bond market?
- Is it too late for investors to start following the model portfolio after its strong first year?
- Which indicators can investors use to help decide when to buy and sell?
- Should UK investors hedge the currency exposure in their overseas investments?
What You’ll Learn:
✔️ What real yields are and why they matter for investment markets
✔️ How rising government bond yields can affect equity valuations
✔️ Why the latest US Treasury bond buybacks are different from quantitative easing
✔️ How moving averages can be used as part of an investment decision-making process
✔️ What to consider when choosing between hedged and unhedged overseas funds
✔️ Why the team are becoming more cautious as markets head towards September and OctoberDisclaimer:
This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.
Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.
Our Portfolio Returned 26%. Here’s What We Did - An Honest Review
📊 The Art of Investing Survey – Fill in the form here, we’d love your feedback: https://forms.office.com/e/tCyxzN48Ks📈 Download the full Portfolio Performance Slides View the portfolio breakdown: here📧 Get in …
Notas del episodio
📊 The Art of Investing Survey – Fill in the form here, we’d love your feedback:
https://forms.office.com/e/tCyxzN48Ks📈 Download the full Portfolio Performance Slides
View the portfolio breakdown: here📧 Get in touch: [email protected]
📱 Behind the scenes: @_theartofinvesting on TikTok
🎧 Listen on: Apple, Spotify, YouTubeThis week on The Art of Investing, it’s the end-of-year exam as the portfolio officially reaches its first anniversary.
With the portfolio finishing the year up 26.0% since inception, Rich puts Mark and Chris in the hot seat to assess how much of that performance came from good portfolio management, where they got it wrong, and the lessons they’re taking into year two.The team revisit some of the biggest investment calls of the past 12 months, from avoiding government bonds and maintaining exposure to commodities, to navigating the Iran conflict and buying back into US equities following the sell-off.
They also look ahead to the next 12 months, debating whether the AI investment boom can continue to drive US earnings, what could finally challenge US market leadership, and why rising bond yields and a changing Federal Reserve could become increasingly important for investors.
Alongside the annual review, Mark unpacks another busy week across markets, with AI investment continuing at extraordinary levels, oil prices climbing and the portfolio ending its first year with another positive weekly return.
This Week’s Highlights:
🎂 One Year of the Portfolio
The team mark 52 weeks of the portfolio, finishing its first year with a total return of +26.0%.📝 The End-of-Year Exam
Rich grills Mark and Chris on their best calls, biggest mistakes and whether the portfolio’s performance really came down to skill or a favourable year for markets.
🤖 The AI Investment Boom Continues
Huge financing and capital expenditure commitments keep flowing into AI and data centres, but the team debate whether investors are becoming too reliant on the same story.🇺🇸 US Bull Case Put to the Test
Mark explains what would genuinely make him rethink his bullish stance on US equities and why earnings growth remains central to his outlook.
📉 Why the Team Avoided Bonds
Staying away from government bonds is identified as one of the portfolio’s defining calls of the year, differentiating it from a traditional 60/40 approach.🌍 Where Could Returns Come From Next?
The team assess the outlook for the US, Japan, emerging markets, the UK, Europe, India and China as they consider positioning for year two.🏦 A Changing Fed Could Change the Rules
Chris explains why the Federal Reserve’s approach to supporting markets could become one of the most important risks to watch over the coming months.Portfolio Snapshot - Week 52:
📊 Weekly portfolio performance: +0.5%
📈 Total return since inception: +26.0%
📅 2026 year-to-date return: +13.5%
Top Performers:
📈 BlackRock World Mining Trust PLC: +3.3%
📈 iShares Nikkei 225 ETF: +2.7%
📈 Vanguard FTSE 250: +1.0%
Underperformers:
📉 iShares MSCI India ETF: -1.4%
📉 WisdomTree Copper ETF: -1.0%
📉 iShares Core FTSE 100 ETF: -0.5%Portfolio Changes:
No portfolio changes this week.
The portfolio closes out its first year with 14 holdings, including 10% in cash, as the team maintain their existing positioning heading into year two.Big Questions This Week:
• How much of the portfolio’s 26% return came from good management versus rising markets?
• What were the team’s best decisions, and biggest mistakes, of the past year?
• What would make Mark finally change his bullish view on US equities?
• Can the enormous investment in AI and data centres ultimately justify current expectations?
• Could higher bond yields eventually pull capital away from equities?
• Where could the strongest and weakest investment opportunities emerge over the next 12 months?What You’ll Learn:
✔️ Why avoiding government bonds became one of the portfolio’s most important calls
✔️ How the team assess performance beyond simply looking at headline returns
✔️ Why earnings growth remains key to the US equity bull case
✔️ How experienced investors respond when markets move sharply against them
✔️ What could trigger a major change in the portfolio’s asset allocation
✔️ Which markets and asset classes the team are watching as they enter year two
Disclaimer:This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.
Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.
How Excessive Leverage brought down Wall Street’s Golden Boy
📈 Download the full Portfolio Performance Slides: Here📧 Get in touch: [email protected]📱 Behind the scenes: @_theartofinvesting on TikTok | @theartofinvestingpod on Instagram🎧 Listen on: Apple, Spotify …
Notas del episodio
📈 Download the full Portfolio Performance Slides: Here
📧 Get in touch: [email protected]
📱 Behind the scenes: @_theartofinvesting on TikTok | @theartofinvestingpod on Instagram
🎧 Listen on: Apple, Spotify, YouTubeThis week on The Art of Investing, after a sharp reversal across AI-linked stocks, the team explain how Leopold Aschenbrenner’s highly leveraged AI trade became one of the biggest stories in markets, why crowded positioning matters, and how forced selling helped shape the latest moves across tech, software, commodities and emerging markets.
They also look at the parallels with previous market excesses, including 1929, ask whether AI could be disinflationary, and debate whether markets can keep running into Jackson Hole before investors need to think about taking risk down.
This Week’s Highlights:📈 Portfolio Jumps +4.2%
A strong week takes the portfolio to +25.5% since inception, with no changes made this week.
⚠️ Leopold and Leverage
The team unpack how leverage works, why margin calls can force selling, and why a “one big trade” portfolio can unravel quickly.⚒️ Miners Lead the Way
BlackRock World Mining Trust tops the portfolio, up +10.4% on the week as gold, silver and copper strength feed through to mining shares.🇯🇵 Japan Bounces Hard
The Nikkei position rises +9.5%, helped by currency intervention and a stronger week for Japanese equities.🌏 Emerging Markets Rally
MSCI Emerging Markets gains +6.5%, supported by Korea’s sharp rebound, a weaker US dollar and renewed appetite for growth.🤖 Nasdaq Reverses Higher
The Nasdaq position rises +5.9% as money flows back into AI and tech after weeks of pressure.📉 1929 Lessons
Chris draws on Andrew Ross Sorkin’s 1929 to compare today’s market risks: leverage, speculative new technology, retail risk-taking and policy error.🏦 Jackson Hole in Focus
The team debate whether the Fed is “running the economy hot” and why late August could be important for market direction.
Portfolio Snapshot – Week 51:📊 Weekly portfolio performance: +4.2%
📈 Total return since inception: +25.5%
📅 2026 year-to-date return: +13.0%Top Performers:
📈 BlackRock World Mining Trust PLC: +10.4% WoW
📈 iShares Nikkei 225 ETF: +9.5% WoW
📈 iShares Core MSCI EM IMI ETF: +6.5% WoW
📈 Invesco EQQQ Nasdaq 100 UCITS ETF: +5.9% WoW
📈 XLI SPDR US Industrials ETF: +5.3% WoWUnderperformers:
📉 iShares Core FTSE 100 ETF: -0.1% WoW
📈 Cash: +0.1% WoW
📈 iShares UK Gilts 0-5yr ETF: +0.5% WoW
📈 iShares MSCI India ETF: +1.3% WoW
Portfolio Decision:No changes were made to the portfolio this week. The team remain positioned for the current market rally, while noting they may look to reduce some risk later in August if markets continue to run strongly.
Big Questions This Week:• What is leverage, and why can it be so dangerous?
• How can a hedge fund lose control of a winning trade?
• Are AI stocks back in charge, or is this just a relief rally?
• Why does a weaker dollar help commodities and emerging markets?
• Are there real parallels between today’s market and 1929?
• Could AI improve margins without reigniting inflation?
• Should investors enjoy the August rally, or prepare to reduce risk before September?What You’ll Learn:
✔️ How leverage magnifies gains and losses
✔️ What margin calls mean in real market conditions
✔️ Why crowded trades can reverse violently
✔️ How AI is affecting earnings, margins and market leadership
✔️ Why commodities, Japan and emerging markets performed strongly this week
✔️ Why the team are watching Jackson Hole before making the next portfolio moveDisclaimer:
This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.
Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.
Is The Fed Credibility Cracking? And What Earnings Season Tells Us
📊 The Art of Investing Survey – Fill in the form here, we’d love your feedback: https://forms.office.com/e/tCyxzN48Ks📈 Download the full Portfolio Performance Slides View the portfolio breakdown: here📧 Get in …
Notas del episodio
📊 The Art of Investing Survey – Fill in the form here, we’d love your feedback: https://forms.office.com/e/tCyxzN48Ks
📈 Download the full Portfolio Performance Slides
View the portfolio breakdown: here
📧 Get in touch: [email protected]
📱 Behind the scenes: @_theartofinvesting on TikTok
🎧 Listen on: Apple, Spotify, YouTube
This week on The Art of Investing, the team assess the latest Federal Reserve decision and the key takeaways from earnings season, examining what both could mean for the market outlook.The team unpack a volatile market backdrop as the AI trade begins to unwind, bond markets take centre stage, and central bank credibility comes into question.
A sharp sell-off in semiconductor and AI-linked stocks has driven significant moves across global markets, particularly in Japan and emerging markets, while rising bond yields are beginning to challenge equity valuations.
The episode explores whether investors truly understand their exposure, particularly within popular themes like AI and emerging markets, and how concentration risk can quietly build within diversified portfolios.
Alongside this, the team break down another week of portfolio performance and a major shift in positioning, as they debate whether this market correction presents a buying opportunity or a warning sign of deeper structural change.
This Week’s Highlights:
📉 Portfolio Pulls Back
A difficult week sees the portfolio fall -1.7%, driven largely by weakness in AI-linked markets.🤖 AI Trade Unwinds
Semiconductors and AI stocks come under pressure, with sharp declines across global tech markets.🇯🇵 Japan & Emerging Markets Hit
Nikkei and EM equities lead losses as tech exposure and global positioning unwind.📈 UK Markets Show Strength
FTSE 100 reaches new highs, highlighting ongoing rotation into value-led markets.🏦 Central Banks in Focus
The Federal Reserve, Bank of England, and Bank of Japan all take centre stage in a pivotal week for policy.📊 Bond Yields Rise Sharply
Markets begin to question central bank credibility, pushing yields higher and tightening financial conditions.🔄 Rotation Accelerates
Capital continues to shift away from growth and into value, changing the leadership within markets.Portfolio Snapshot – Week 50:
📊 Weekly portfolio performance: -1.7%
📈 Total return since inception: +21.4%
📅 2026 year-to-date return: +8.8%Top Performers:
📈 iShares MSCI India ETF: +2.2%
📈 iShares Core FTSE 100 ETF: +1.6%
📈 Vanguard FTSE 250: +0.3%Underperformers:
📉 iShares Nikkei 225 ETF: -6.7%
📉 iShares Core MSCI EM IMI ETC: -5.3%
📉 BlackRock World Mining Trust PLC: -4.7%Portfolio Changes:
A significant shift this week as the team deploy capital back into equities:
- Reduce UK Gilts (0–5yr) by 7.5%
- Add 2.5% to Japan
- Add 2.5% to Nasdaq
- Add 2.5% to FTSE 250
The move reflects a view that recent market weakness may present selective opportunities, while also maintaining diversification across regions and styles.
Big Questions This Week:
• Has the Federal Reserve lost credibility with markets?
• Are rising bond yields a bigger threat to equities than expected?
• Is the AI trade undergoing a healthy correction, or something more structural?
• Can value continue to outperform growth in this new environment?
• Does this sell-off present a buying opportunity, or signal further downside?What You’ll Learn:
✔️ Why bond markets are now driving equity market direction
✔️ How rising yields impact growth vs value investing
✔️ What’s really behind the recent AI and semiconductor sell-off
✔️ How professional investors navigate earnings season volatility
✔️ Why diversification matters more than ever in shifting market regimesDisclaimer:
This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.
Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.The AI Rally's Weak Spot: Oracle's Warning Sign
📊 The Art of Investing Survey – Fill in the form here, we’d love your feedback: https://forms.office.com/e/tCyxzN48Ks📈 Download the full Portfolio Performance Slides View the portfolio breakdown: here📧 Get in …
Notas del episodio
📊 The Art of Investing Survey – Fill in the form here, we’d love your feedback: https://forms.office.com/e/tCyxzN48Ks
📈 Download the full Portfolio Performance Slides
View the portfolio breakdown: here📧 Get in touch: [email protected]
📱 Behind the scenes: @_theartofinvesting on TikTok
🎧 Listen on: Apple, Spotify, YouTubeOverview:
This week on The Art of Investing, the team unpack a market where volatility is building beneath the surface, with credit markets, AI spending, and rising oil prices all contributing to a more fragile backdrop.
While headline equity performance remains relatively steady, attention is turning to credit default swaps (CDS) as a key signal of risk, particularly in companies heavily exposed to the AI boom.From Oracle’s growing debt pile to increasing competition across AI models, this episode explores whether the market may be overestimating the returns from AI investment, and what that could mean for both equities and credit markets.
Alongside this, the team break down another week of portfolio performance and the broader macro picture, including rising bond yields, commodity strength, and continued sector rotation.
This Week’s Highlights:
📈 Portfolio Edges Higher
A steady week sees the portfolio rise +0.4%, continuing its strong long-term performance.⚒️ Commodities Continue to Lead
Copper and mining equities outperform, supported by supply constraints and ongoing demand linked to AI infrastructure.🛢️ Oil Prices Push Higher
Brent crude continues its upward move, adding pressure to global markets and import-heavy economies.
💳 CDS Back in Focus
Credit default swaps re-emerge as a key market signal, highlighting growing concerns around corporate debt levels.🤖 AI Trade Under Pressure
Rising costs and increasing competition begin to challenge the assumption of dominant, high-margin AI winners.
📉 Rotation Away from Tech
Semiconductor and AI-linked stocks face renewed pressure as capital rotates elsewhere.Portfolio Snapshot – Week 49:
No changes were made to the portfolio this week.
📊 Weekly portfolio performance: +0.4%
📈 Total return since inception: +23.1%
📅 2026 year-to-date return: +10.5%
Top Performers:📈 BlackRock World Mining Trust PLC: +3.3% WoW
📈 WisdomTree Copper ETF: +3.1% WoW
📈 Vanguard FTSE 250: +2.3% WoWUnderperformers:
📉 iShares Nikkei 225 ETF: -2.7% WoW
📉 iShares MSCI India ETF: -1.2% WoW
📉 XLI SPDR US Industrials ETF: -0.5% WoWBig Questions This Week:
• Are credit markets signalling deeper risks beneath the surface of equity markets?
• Can AI investment deliver the returns needed to justify rising debt levels?
• Is the shift from “winner takes all” to a more competitive AI landscape underway?
• How are rising oil prices and bond yields impacting global growth expectations?
• What does increasing volatility mean for portfolio positioning going forward?What You’ll Learn:
✔️ What credit default swaps (CDS) reveal about market risk
✔️ Why AI competition could reduce pricing power and returns
✔️ How rising debt levels are impacting key AI-linked companies
✔️ What higher oil prices and bond yields mean for investors
✔️ How the team are navigating volatility within the portfolioDisclaimer:
This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.
Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.British Bargain Basement: Why UK companies are selling out?
📊 The Art of Investing Survey – Fill in the form here, we’d love your feedback: https://forms.office.com/e/tCyxzN48Ks📈 Download the full Portfolio Performance Slides View the portfolio breakdown: here📧 Get in …
Notas del episodio
📊 The Art of Investing Survey – Fill in the form here, we’d love your feedback: https://forms.office.com/e/tCyxzN48Ks📈 Download the full Portfolio Performance Slides
View the portfolio breakdown: here
📧 Get in touch: [email protected]
📱 Behind the scenes: @_theartofinvesting on TikTok
🎧 Listen on: Apple, Spotify, YouTubeThis week on The Art of Investing, the team navigate a shortened trading week where, despite markets feeling under pressure, the portfolio continues to edge higher, now up +22.6% since inception and +10.1% year-to-date.
But beneath the surface, things are shifting quickly.
With oil surging nearly 20% in just a few days, bond yields climbing, and AI continuing to redirect capital across the global economy, the team unpack a market that feels increasingly volatile, even when headline performance looks steady.From strong moves in commodities to sharp declines in legacy tech, and a wave of takeover activity across the UK, this episode explores where capital is flowing, and what that means for investors right now.
This Week’s Highlights:
📈 Portfolio Pushes Higher
A positive start to the week sees the portfolio rise +1.1%, continuing its strong long-term performance.⚒️ Copper Leads the Charge
WisdomTree Copper ETF tops the leaderboard, up +4.1%, driven by falling inventories and strong demand signals.
🛢️ Oil Jumps Sharply
Oil prices surge nearly 20%, lifting commodities and adding pressure across global markets.
🤖 AI Reshaping Markets
Capital continues to rotate into AI, with traditional software names like IBM falling sharply as spending shifts.
📊 Volatility Around Earnings
Large swings in individual stocks highlight a market increasingly driven by expectations vs reality.
🇬🇧 UK Takeover Activity Surges
A wave of M&A activity points to potential undervaluation, with significantly more takeovers than new listings.
📉 Bond Yields Climb
Rising yields suggest markets are beginning to price in the possibility of higher interest rates.Portfolio Snapshot – Week 48:
No changes were made to the portfolio this week.
📊 Weekly portfolio performance: +1.1%
📈 Total return since inception: +22.6%
📅 2026 year-to-date return: +10.1%Top Performers:
📈 WisdomTree Copper ETF: +4.1% WoW
📈 BlackRock World Mining Trust PLC: +2.0% WoW
📈 iShares Nikkei 225 ETF: +2.0% WoW
Underperformers:📉 iShares Core MSCI Emerging Markets ETF: +0.3% WoW
📉 iShares Core FTSE 100 ETF: +0.3% WoW
📉 iShares UK Gilts 0–5yr ETF: 0.0% WoWBig Questions This Week:
• Is the surge in oil prices sustainable, or just a short-term shock?
• Are bond markets signalling that interest rates could move higher again?
• How much disruption is AI really causing across traditional industries?
• Why are UK companies being taken over at such a high rate?
• What does continued volatility mean for portfolio positioning?What You’ll Learn:
✔️ What’s driving the latest moves in commodities and oil
✔️ Why AI is pulling capital away from legacy sectors
✔️ How takeover activity reveals hidden value in markets
✔️ What rising bond yields mean for investors
✔️ How the team are thinking about volatility right nowDisclaimer:
This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.
Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.Do You Really Know What You’ve Invested In?
📊 The Art of Investing Survey – Fill in the form here, we’d love your feedback: https://forms.office.com/e/tCyxzN48Ks📈 Download the full Portfolio Performance Slides here📧 Get in touch …
Notas del episodio
📊 The Art of Investing Survey – Fill in the form here, we’d love your feedback: https://forms.office.com/e/tCyxzN48Ks
📈 Download the full Portfolio Performance Slides here
📧 Get in touch: [email protected]
📱 Behind the scenes: _theartofinvesting on TikTok | @theartofinvestingpod (Instagram)
🎧 Listen on: Apple, Spotify, YouTubeHappy Birthday to us! This week on The Art of Investing, the team mark one year of the portfolio with a more volatile week in markets, as geopolitical tensions, oil price moves and continued rotation across equities begin to test performance.
While the portfolio takes a step back, the broader conversation focuses on what’s really driving markets right now - from renewed pressure in commodities and emerging markets, to ongoing shifts within equities and growing dispersion across global indices.
The team also explore two key themes this week: the hidden concentration within ETFs - comparing cap-weighted vs equal-weighted investing - and the rise of thematic investing, including how to think about geographic and sector diversification.
This Week’s Highlights:
📉 Markets Pull Back
A weaker week across global markets sees broad-based declines, with most asset classes finishing in negative territory.
🛢️ Oil Volatility Returns
Geopolitical tensions push oil prices higher again, reversing recent declines and adding pressure across sectors like airlines and transport.🔄 Rotation Continues
Ongoing shifts within equities, with capital moving between sectors and regions rather than leaving markets entirely.
🤖 AI & Tech Volatility
Continued swings across semiconductor and AI-linked stocks, highlighting the fragility of recent momentum.🇯🇵 Japan Under Pressure
After a strong run, rising bond yields raise questions around sustainability and potential profit-taking.📉 Commodities Pause
A cooling period for commodities, with weaker China demand and a stronger dollar weighing on prices.
📊 Concentration Still Matters
Single stock moves continue to have an outsized impact on indices, reinforcing the importance of understanding what you own.Portfolio Snapshot – Week 47:
No changes were made to the portfolio this week.
Weekly portfolio performance: -2.2%
Total return since inception: +21.5%
2026 year-to-date return: +9.0%Top Performers:
📈 Cash: +0.1% WoW
📈 iShares Core FTSE 100 ETF: -0.0% WoW
📈 iShares UK Gilts 0–5yr ETF: -0.3% WoWUnderperformers:
📉 iShares Nikkei 225 ETF: -5.9% WoW
📉 BlackRock World Mining Trust PLC: -5.3% WoW
📉 iShares Core MSCI EM IMI ETF: -4.0% WoWBig Questions This Week:
• Is this pullback a short-term reaction or the start of a broader slowdown?
• How sustainable is the recent strength in oil prices?
• Are commodities simply pausing, or is the cycle turning?
• What does rising bond yield pressure mean for Japan and global markets?
• Is market concentration still a hidden risk for investors?What You’ll Learn:
✔️ What’s driving the latest bout of market volatility
✔️ Why oil prices are back in focus
✔️ How rotation is shaping equity performance
✔️ What’s happening in Japan and why it matters
✔️ Why understanding index composition is key
✔️ What the team are watching next in the portfolioDisclaimer:
This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.
Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.
Jeremy Hunt on UK Investing, CGT, and the £100k Cliff Edge
📊 The Art of Investing Survey – Fill in the form here, we’d love your feedback: https://forms.office.com/e/tCyxzN48Ks🏆 Competition: win Jeremy Hunt’s book via Instagram @theartofinvestingpod📧 Get in touch …
Notas del episodio
📊 The Art of Investing Survey – Fill in the form here, we’d love your feedback: https://forms.office.com/e/tCyxzN48Ks
🏆 Competition: win Jeremy Hunt’s book via Instagram @theartofinvestingpod
📧 Get in touch: [email protected]
📱 Behind the scenes: @_theartofinvesting (TikTok) | @theartofinvestingpod (Instagram)🎧 Listen on: Apple, Spotify, YouTube
In this special episode, we sit down with former Chancellor of the Exchequer, Jeremy Hunt, for a rare, behind-the-scenes look at one of the most volatile periods in recent UK economic history, the 2022 mini-budget crisis.From an unexpected call while on holiday to becoming Chancellor within hours, Jeremy shares what it was really like taking over during a market crisis, why governments don’t control the economy as much as we think, and the uncomfortable truth about why Brits are falling behind when it comes to investing.
Jeremy also gives a clear and timely view on Capital Gains Tax, arguing that higher CGT risks discouraging investment and ultimately holding back long-term growth, particularly at a time when the UK needs to be attracting capital, not pushing it away.
In this conversation, we discuss with Jeremy:- Why “markets always win” and what happens when governments lose credibility
- The moment he was called to become Chancellor and what markets were really reacting to
- Why the UK doesn’t have a savings problem, but an investing problem
- How complexity in ISAs and pensions is holding people back
- Why Australia’s pension system is miles ahead of the UK
- How tax, incentives and policy shape investor behaviour
- Why British capital isn’t backing British companies
- The role of inflation and why getting it wrong breaks everything
- The real risks facing global markets today
- Why long-term thinking is the only real investing edge
Want more like this?
For weekly market breakdowns, portfolio updates and expert insights, follow The Art of Investing:
🎧 Listen on: Apple, Spotify, YouTubeDisclaimer:
This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.
Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.
Q2 Portfolio Review: Winners, Losers & What We're Buying
📊 The Art of Investing Survey – Fill in the form here, we’d love your feedback: https://forms.office.com/e/tCyxzN48Ks 📈 Download the full Portfolio Performance Slides View the portfolio breakdown: here 🏆 …
Notas del episodio
📊 The Art of Investing Survey – Fill in the form here, we’d love your feedback: https://forms.office.com/e/tCyxzN48Ks
📈 Download the full Portfolio Performance Slides
View the portfolio breakdown: here
🏆 Competition: win Jeremy Hunt’s book via Instagram @theartofinvestingpod
📧 Get in touch: [email protected]
📱 Behind the scenes: @_theartofinvesting (TikTok) | @theartofinvestingpod (Instagram)
🎧 Listen on: Apple, Spotify, YouTubeOverview:
This week on The Art of Investing, Rich McDonald, Mark “Spice” Holden and Chris “CJ” Fellingham come together in the studio for a full Q2 portfolio review. We’re up +12.6% over the quarter, with returns now sitting at +23.8% since inception and +11.3% year-to-date.
We got the war completely wrong. We got the markets completely right. Listen for a break down of everything that worked, everything that didn’t, and the two new trades they’re putting on right now - while asking a much bigger question: are markets becoming too comfortable?With copper and mining stocks continuing to lead performance - with holdings like BlackRock World Mining Trust and the WisdomTree Copper ETF among the standout contributors - the team explore why this theme remains central to the portfolio, how AI and electrification are reshaping demand, and whether investors are underestimating the risks still present in the global economy.
Meanwhile, the portfolio continues to deliver strong long-term returns, but with pockets of volatility emerging across emerging markets, crypto-linked assets and commodities - particularly with weakness in areas like India and continued dispersion between global regions.This Week’s Highlights
📈 Portfolio Edges Higher
The portfolio rose +0.1%, with returns at +23.8% since inception and +11.3% YTD.⚒️ Copper & Mining Still Leading
Copper remains a core theme, supported by AI and electrification demand.🤖 AI & Electrification Demand
Infrastructure buildout continues driving commodity demand.⚠️ Are Markets Too Relaxed?
Markets remain strong, but risks may be underpriced.
🇯🇵 Japan & Global Equities Perform
Developed markets continue to support overall returns.
📉 Weakness in Emerging Markets & India
Emerging markets remain volatile, with India lagging.📈 Q2 Performance Highlights
- Portfolio up 12.6% in Q2 and 11.3% year to date
- Best performer: Nikkei 225 up 33% over the quarter
- Korea up 57% and Taiwan up 54% (within Emerging Markets)
- S&P 500 hedged up 16.2% for the quarter
- Emerging Markets up 20% - second best performer
- BlackRock World Mining Trust the biggest disappointment - giving back Q1 gains as gold and silver sold off
- Nasdaq (not held directly) up nearly 29%
Quarterly Portfolio Snapshot
Top Performers:
🥇 BlackRock World Mining Trust PLC: +59.4%
🥈 iShares Nikkei 225 ETF: +55.1%
🥉 WisdomTree Copper ETF: +33.4%Underperformers:
📉 iShares MSCI India ETF: –2.7% (–9.2% YTD)
📉 iShares UK Gilts 0–5yr ETF: –0.8% YTD
📉 Emerging Markets ETF: laggingPortfolio Changes This Week
Weekly performance: +0.1%
Total return since inception: +23.8%
2026 YTD return: +11.3%Two new positions added, funded from cash:
1. FTSE 250 – 5% allocation
UK mid-caps at attractive valuations
Potential beneficiaries of falling rates and regional growth
Policy and M&A activity highlighting underlying value2. State Street Sector ETF – XLI Industrials – 5% allocation
New asset class exposure
Includes GE Aerospace, Raytheon, Uber, Caterpillar, Honeywell
Benefiting from reshoring and lower energy prices
Part of rotation into cyclical “old economy” sectorsBig Questions This Week
• Why is copper such a critical long-term theme?
• Are markets underpricing economic risks?
• Can mining stocks continue to outperform?
• How should investors think about volatility?What You’ll Learn
✔️ Why copper is central to AI and electrification
✔️ How sentiment is driving markets
✔️ Why mining remains a key driver
✔️ What risks investors should be watchingDisclaimer
This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.
Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.Meta & Microsoft in Bear Market. So Why are Markets at Highs?
📈 Download the full Portfolio Performance Slides View the portfolio breakdown: here📧 Get in touch: [email protected]📱 Behind the scenes: _theartofinvesting on TikTok🎧 Listen on: Apple, Spotify, YouTube …
Notas del episodio
📈 Download the full Portfolio Performance Slides
View the portfolio breakdown: here
📧 Get in touch: [email protected]
📱 Behind the scenes: _theartofinvesting on TikTok
🎧 Listen on: Apple, Spotify, YouTubeThis week on The Art of Investing, the team are joined by returning guest Stewy Thompson, as Rich dials in from Miami and CJ checks in from sunny Norfolk.
It’s been a far more mixed week for markets and the portfolio, with sharp divergences across asset classes. While equities continue to broaden out beyond big tech, commodities have sold off heavily and currency movements are starting to play a bigger role.
The team unpack the ongoing rotation in markets, the implications of a stronger US dollar, and whether the AI-driven rally is evolving rather than ending. They also explore growing pressures in private markets, shifting macro conditions, and what all of this means for the portfolio going forward.
This Week's Highlights:
📉 Commodities Come Under Pressure
Gold enters a bear market and silver crashes sharply, with copper and broader commodities also selling off in a difficult week for the asset class.💵 Dollar Strength Returns
A stronger US dollar puts pressure on commodities and emerging markets, while also impacting hedged positions within the portfolio.🔄 Market Rotation Continues
The rally broadens beyond mega-cap tech, with the Russell 2000 and equal-weight S&P hitting new highs as money rotates within equities.🤖 AI Story Evolves
Blowout results from memory chipmakers reinforce the AI theme, but questions remain over sustainability and valuations.📉 Magnificent Seven Underperform
Several of the largest US tech stocks enter bear market territory, highlighting increasing dispersion across markets.🏦 Private Markets Show Strain
Rising redemption requests and liquidity challenges suggest growing stress in private credit and equity markets.🌍 Diverging Global Economies
The US economy continues to show strength, while the UK outlook weakens amid political uncertainty and slowing growth.Portfolio Snapshot – Week 45:
No changes were made to the portfolio this week.
📊 Weekly portfolio performance: -1.2%
📈 Total return since inception: +23.7%
📅 2026 year-to-date return: +11.1%
Top Performers:📈 iShares MSCI India ETF: +2.0% WoW
📈 iShares Russell 2000 ETF: +1.3% WoW
📈 UK Gilts: +0.1% WoWUnderperformers:
📉 BlackRock World Mining Trust PLC: -11.5% WoW
📉 WisdomTree Copper ETF: -6.1% WoW
📉 iShares Core MSCI EM IMI ETF: -1.7% WoW
Big Questions This Week:• Is the rotation away from mega-cap tech a temporary shift or a longer-term trend?
• Have commodities fallen far enough to become attractive again?
• How sustainable is the recent strength in the US dollar?
• Will AI continue to drive market performance beyond the largest tech names?
• Are private markets starting to pose a systemic risk?
• What impact will UK political changes have on growth and markets?What You’ll Learn:
✔️ Why a stronger dollar creates pressure across global markets
✔️ What’s driving the sharp sell-off in commodities
✔️ How market leadership is shifting beyond big tech
✔️ Why private markets are facing liquidity challenges
✔️ How AI investment is feeding through into the real economy
✔️ What the team are watching next in the portfolioDisclaimer:
This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.
Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.
Capítulos
Cargando capítulos…
SpaceX Soars, The Fed Shifts and India Faces an AI Threat
📈 Download the full Portfolio Performance Slides View the portfolio breakdown: here📧 Get in touch: [email protected]📱 Behind the scenes: _theartofinvesting on TikTok🎧 Listen on: Apple, Spotify, YouTube …
Notas del episodio
📈 Download the full Portfolio Performance Slides
View the portfolio breakdown: here📧 Get in touch: [email protected]
📱 Behind the scenes: _theartofinvesting on TikTok
🎧 Listen on: Apple, Spotify, YouTubeThis week on The Art of Investing, the team celebrate Episode 50, with Rich McDonald dialing in from the US alongside Mark “Spice” Holden, Chris “CJ” Fellingham and JP Smith.
It’s been a standout week for markets and the portfolio, with equities and commodities pushing higher as falling oil prices, easing geopolitical tensions and central bank developments reshape the outlook. The team unpack the continued momentum in AI and global equities, the implications of SpaceX’s blockbuster IPO, and what shifting rate expectations mean for markets from here.
This Week's Highlights:
🚀 SpaceX Soars
The biggest IPO in history continues to dominate headlines, with SpaceX surging ~40% post-listing and reigniting debate around valuations and liquidity.🌍 Markets Push Higher
Global equities deliver a strong week, with multiple indices approaching or hitting all-time highs.🛢️ Oil Prices Drop Sharply
Oil falls ~15% as tensions ease, helping drive disinflation expectations and supporting risk assets.🏦 Central Banks Take Centre Stage
Major central banks meet this week, with the Fed’s new chair signalling a shift in thinking around inflation and policy.📊 AI Momentum Continues
Strong earnings and ongoing capital investment reinforce the structural AI growth story.🇯🇵 Japan Remains Strong
Japanese equities rally following rate clarity from the Bank of Japan and continued economic support.Portfolio Snapshot – Week 44:
No changes were made to the portfolio this week.
📊 Weekly portfolio performance: +4.05%
📈 Total return since inception: +24.88%
📅 2026 year-to-date return: +12.35%Top Performers:
📈 BlackRock World Mining Trust PLC: +13.9% WoW
📈 iShares Nikkei 225 ETF: +10.6% WoW
📈 iShares Core MSCI EM IMI ETF: +7.4% WoWUnderperformers:
📉 Cash: +0.1% WoW
📉 iShares UK Gilts 0–5yr ETF: +0.5% WoW
📉 iShares Core FTSE 100 ETF: +2.5% WoWBig Questions This Week:
• Can AI-driven growth continue to support markets at current valuations?
• Are interest rate expectations starting to shift meaningfully again?
• Is the recent rally broadening beyond US tech and AI?
• Does falling oil signal a more supportive macro environment?
• Should the portfolio begin redeploying defensive allocations?What You’ll Learn:
✔️ Why falling oil prices are so important for inflation and markets
✔️ How central bank messaging is evolving under new leadership
✔️ What’s driving strength in commodities and global equities
✔️ Why Japan and emerging markets are outperforming
✔️ How the team are thinking about deploying cash in the portfolioDisclaimer:
This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.
Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.AI CapEx and Rate Rises - The Double Trouble Hitting Big Tech
Can’t get enough of The Art of Investing? Take a look here for even more content! https://youtu.be/B0FzP8sjd_w 📈 Download the full Portfolio Performance Slides View the portfolio breakdown: here📧 Get in touch …
Notas del episodio
Can’t get enough of The Art of Investing? Take a look here for even more content! https://youtu.be/B0FzP8sjd_w
📈 Download the full Portfolio Performance Slides
View the portfolio breakdown: here📧 Get in touch: [email protected]
📱 Behind the scenes: _theartofinvesting on TikTok
🎧 Listen on: Apple & SpotifyThis week on The Art of Investing, host James “Jimmy” Ovenden steps in for Richard McDonald, joined by Mark “Spice” Holden and Chris “CJ” Fellingham.
It’s been a tough week for the portfolio, with markets taking a hit as strong US economic data reshapes interest rate expectations. The team break down a staggering $400 billion in capital raise announcements from the world’s biggest tech companies, explore what new Fed Chair Kevin Warsh’s first meeting might signal, and ask the question on every investor’s mind: why is the oil price falling even as bombs fly in the Middle East?
This Week's Highlights:📉 Markets Pull Back
US equities suffer their worst week of the year as the Nasdaq falls 6% and the semiconductor index tumbles 11%.💰 $400 Billion Capital Grab
Oracle, Meta, OpenAI, Anthropic, Amazon and Space-X collectively announce hundreds of billions in fresh capital raises - raising the question of who is actually funding the AI boom.
🚀 Space-X Goes Public
Highly anticipated IPO prices at $135/share with 4x oversubscription, entering the Nasdaq and Russell indices but not the S&P 500.📊 Rate Rise Fears Return
Strong US non-farm payrolls trigger a repricing of rate expectations - with up to three hikes now on the table and Kevin Warsh’s first Fed meeting closely watched.🛢️ The Oil Price Paradox
Despite ongoing Middle East tensions, the oil price falls - the team explore why markets are ignoring the disaster narrative.🇮🇳 India’s Unlikely Comeback
After weeks of underperformance, iShares MSCI India ETF is this week’s best performer, up 0.5% - just ahead of a deep-dive episode with JP next week.Portfolio Snapshot – Week 43:
No changes were made to the portfolio this week.
📊 Weekly portfolio performance: –2.55%
📈 Total return since inception: +20.83%
📅 2026 year-to-date return: +8.30%Top Performers:
📈 iShares MSCI India ETF: +0.5% WoW
📈 Cash: +0.1% WoW
📈 iShares UK Gilts 0–5yr ETF: +0.1% WoWUnderperformers:
📉 BlackRock World Mining Trust PLC: –10.6% WoW
📉 iShares Nikkei 225 ETF: –6.5% WoW
📉 iShares Core MSCI EM IMI ETC: –6.3% WoWBig Questions This Week:
• Is $400bn in tech capital raises the peak of AI fundraising, or is there more to come?
• Will Kevin Warsh’s first Fed meeting signal rate rises or hold the line?
• Why is the oil price falling when the Middle East is at its most volatile?
• Is the portfolio’s low AI exposure a vulnerability or a hidden strength?
• Is India finally turning a corner - or was this week a one-off?
What You’ll Learn:✔️ Why good economic news became bad news for markets this week
✔️ How $400bn in capital raises is reshaping global equity flows
✔️ What Space-X’s IPO means for investors using Nasdaq ETFs
✔️ Why the oil price is defying Middle East conflict - and what it signals
✔️ How the portfolio’s AI exposure stacks up against global indicesDisclaimer:
This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.
Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.
Bitcoin Drops, AI Soars: Is Your Portfolio Ready?
📈 Download the full Portfolio Performance Slides View the portfolio breakdown: here📧 Get in touch: [email protected]🎥 Behind the scenes: _theartofinvesting on TikTok 🎧 Listen on: Apple & YouTubeThis week …
Notas del episodio
📈 Download the full Portfolio Performance Slides
View the portfolio breakdown: here📧 Get in touch: [email protected]
🎥 Behind the scenes: _theartofinvesting on TikTok
This week on The Art of Investing, Rich McDonald, Mark “Spice” Holden and Chris “CJ” Fellingham are joined by Katy Forbes (CIO at North Capital), bringing over 100 years of combined experience across wealth and hedge fund management to unpack another evolving week in global markets.
Markets continue to push higher, driven by relentless AI momentum, but beneath the surface, cracks are beginning to appear. The team explore whether capital is being aggressively reallocated into AI at the expense of other asset classes, why bonds, gold and crypto are struggling, and what this means for the broader investment landscape. With guest insight from a leading wealth manager, the conversation also dives into portfolio construction, bond market risks, and how professionals are navigating this environment.This Week’s Highlights:
📈 Markets Hold Firm
Global equities continue to perform, with Japan and emerging markets leading gains.🤖 AI Dominance Continues
AI demand remains the key driver of markets, with capital flowing aggressively into the sector.💸 Capital Rotation Intensifies
Money is being pulled from crypto, gold, bonds and private markets to fund AI growth.📉 Crypto & Alternatives Under Pressure
Bitcoin falls sharply while gold and private equity struggle for momentum.⚠️ Bond Market Concerns
Rising issuance and demand for capital raise questions about long-term bond attractiveness.🇮🇳 India Under Scrutiny
India continues to lag, prompting discussion around whether to exit the position.
Portfolio Snapshot – Week 42:
No changes were made to the portfolio this week.Weekly portfolio performance: +0.7%
Total return since inception: +23.4%
2026 year-to-date return: +10.9%Top Performers:
🥇 iShares Nikkei 225 ETF: +4.5% WoW
🥈 WisdomTree Copper ETF: +2.8% WoW
🥉 BlackRock World Mining Trust PLC: +2.6% WoW
Underperformers:
📉 iShares MSCI India ETF: –2.6% WoW
📉 iShares Core FTSE 100 ETF: –1.6% WoW
📉 Invesco Stoxx Europe 600 UCITS ETF GBP: –1.4% WoWBig Questions This Week:
• Is AI pulling capital away from the rest of the market?
• Are bonds becoming structurally unattractive?
• Is the current AI rally sustainable or overheating?
• What’s gone wrong with India’s investment case?
• Where should investors look next as capital rotates?What You’ll Learn:
✔️ Why AI is dominating global capital flows
✔️ How portfolio diversification is protecting returns
✔️ The risks facing bonds in today’s environment
✔️ What’s driving weakness in crypto, gold and India
✔️ How professional investors think about asset allocation
Disclaimer:This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.
Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.
How The Semiconductor Super Cycle is Sparking Stocks Surge
This week on The Art of Investing, Rich McDonald, Mark “Spice” Holden and Chris “CJ” Fellingham draw on over 100 years of combined wealth and hedge fund management experience to unpack another powerful week in …
Notas del episodio
This week on The Art of Investing, Rich McDonald, Mark “Spice” Holden and Chris “CJ” Fellingham draw on over 100 years of combined wealth and hedge fund management experience to unpack another powerful week in markets, as equities push to fresh highs despite ongoing geopolitical tension and macro uncertainty.
With US markets now climbing for eight consecutive weeks and AI-driven momentum accelerating, the team explore whether this rally still has room to run, how far the semiconductor supercycle can go, and why investors may be underestimating just how broad this market move is becoming.This Week’s Highlights:
📈 Markets Keep Climbing
US equities extended their winning streak to eight consecutive weeks, with the S&P 500, Nasdaq and Dow all hitting fresh all-time highs.
🤖 Semiconductor Supercycle Accelerates
AI demand continues to drive explosive growth across chipmakers, with momentum now spreading beyond Nvidia into broader semiconductor names.
🌍 Market Breadth Improving
Strength is no longer limited to mega-cap tech, with the Russell 2000 and equal-weight indices also pushing higher - a positive signal for broader market health.🛢️ Oil Drops, Markets Rally
Despite geopolitical tensions, oil prices fell sharply, easing inflation concerns and supporting risk assets globally.🏦 Bonds Stabilise
After recent volatility, bond markets recovered as yields pulled back, helping to ease pressure on equities.
⚖️ AI vs Macro: A Two-Speed Market
The team debate the growing disconnect between traditional macro-driven markets and the powerful AI-driven growth cycle reshaping global investing.Portfolio Snapshot - Week 41:
No changes were made to the portfolio this week.
Weekly portfolio performance: +2.4%
Total return since inception: +22.7%
2026 year-to-date return: +10.2%Top Performers
🥇 iShares Nikkei 225 ETF — +5.6% WoW
🥈 iShares Russell 2000 ETF — +5.1% WoW
🥉 iShares Core MSCI EM IMI UCITS ETF — +4.9% WoWUnderperformers
📉 iShares MSCI India ETF — +1.8% WoW
📉 WisdomTree Copper ETF — +0.4% WoW
📉 iShares UK Gilts 0–5yr ETF — +0.6% WoWPortfolio Highlights
• Strong gains driven by Japan, US small caps and emerging markets
• Broadening market leadership beyond mega-cap tech
• Falling oil prices and stabilising bonds supported equities
• Defensive assets lagged as risk appetite returned
• Portfolio continues to benefit from diversified global exposureBig Questions This Week:
• How long can the AI-driven rally continue?
• Is this still a narrow tech-led move, or a broader bull market?
• What happens if bond yields rise again?
• Are investors underestimating how dominant AI has become?What You’ll Learn:
✔️ Why market leadership is starting to broaden
✔️ How AI is driving global equity performance
✔️ The relationship between oil, bonds and equities
✔️ Why diversification still matters in concentrated markets
📈 Download the full Portfolio Performance Slides
View the portfolio breakdown: here📧 Get in touch: [email protected]
Disclaimer:
This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.
Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.
May Incentives:
Transfer Cashback
Get up to £5,000 cashback when you transfer £10,000+ to IG before 31st May 2026.
Code: TRANSFER5000POD
T&Cs 📋 ig.com/uk/invest-campaign/transfer-cashback-value-apr-26
Free SharesGet £50–£1,000 in free shares when you invest £1,000+ before 31st May 2026.
Code: MAYSHARESPOD
T&Cs 📋 ig.com/uk/invest-campaign/free-shares-may-26Cashback Offer
Earn 2% cashback (up to £200) when you deposit and invest £1,000+ before 31st May 2026.
Code: MAYDEPOSITPOD
T&Cs 📋 ig.com/uk/invest-campaign/cashback-may-26SpaceX on Launchpad While Bonds Dampen Risk Sentiment
This week on The Art of Investing, Rich McDonald, Mark “Spice” Holden and Chris “CJ” Fellingham break down a more volatile week in global markets, as rising bond yields, geopolitical tensions and shifting …
Notas del episodio
This week on The Art of Investing, Rich McDonald, Mark “Spice” Holden and Chris “CJ” Fellingham break down a more volatile week in global markets, as rising bond yields, geopolitical tensions and shifting expectations begin to test the strength of the recent rally.
With over 100 years of combined experience across wealth and hedge fund management, the team explore whether markets are entering a more uncertain phase, what higher-for-longer rates mean for investors, and why cash is starting to look increasingly attractive in the short term.
This Week’s Highlights:
📉 Markets Pause After Strong Run
After seven consecutive weeks of gains, US equities pulled back as rising bond yields and inflation concerns weighed on sentiment.📊 Bond Yields Surge Globally
US 30-year yields hit their highest level since 2007, with similar moves seen across Japan and Europe, putting pressure on risk assets.🛢️ Oil Prices Climb Again
Brent crude surged to new highs amid geopolitical tensions, reinforcing inflation concerns and adding further uncertainty to markets.
🤖 AI & Earnings Still in Focus
Strong earnings continue across tech and AI-driven companies, with Nvidia results expected to be a key catalyst for markets this week.
🌍 Global Growth Divergence
Japan delivered stronger-than-expected GDP growth, while China data disappointed, highlighting diverging global economic momentum.
⚡ The Hidden AI Infrastructure Boom
Massive investment into data centres and energy infrastructure continues, with utilities and industrial players positioning for long-term demand.Portfolio Snapshot – Week 46:
Weekly portfolio performance: –1.6%
Total return since inception: +20.3%
2026 year-to-date return: +7.8%Top Performers
🥇 iShares MSCI India ETF: +0.6% WoW
🥈 Invesco Stoxx Euro 600 UCITS ETF GBP: +0.2% WoW
🥉 iShares Core FTSE 100 ETF: +0.1% WoWUnderperformers
📉 BlackRock World Mining Trust: –8.2% WoW
📉 Wisdom Tree Copper ETF: –4.5% WoW
📉 iShares Nikkei 225 ETF: –2.6% WoWBig Questions This Week:
• Are rising bond yields the biggest risk to equities right now?
• Is this just a healthy pullback or the start of something bigger?
• How sustainable is the AI-driven growth story?
• Should investors be increasing cash positions in this environment?What You’ll Learn:
✔️ Why bond markets are driving global asset prices
✔️ How rising yields impact equities and valuations
✔️ The role of cash in uncertain markets
✔️ Key signals to watch for a potential market shift📈 Download the full Portfolio Performance Slides
View the portfolio breakdown: here📧 Get in touch: [email protected]
Disclaimer:
This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.
Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.
May Incentives:Transfer Cashback
Get up to £5,000 cashback when you transfer £10,000+ to IG before 31st May 2026.
Code: TRANSFER5000POD
T&Cs 📋 ig.com/uk/invest-campaign/transfer-cashback-value-apr-26Free Shares
Get £50–£1,000 in free shares when you invest £1,000+ before 31st May 2026.
Code: MAYSHARESPOD
T&Cs 📋 ig.com/uk/invest-campaign/free-shares-may-26Cashback Offer
Earn 2% cashback (up to £200) when you deposit and invest £1,000+ before 31st May 2026.
Code: MAYDEPOSITPOD
T&Cs 📋 ig.com/uk/invest-campaign/cashback-may-26Taking Profits on Portfolio as Bonds Sound Alarm Bells
This week on The Art of Investing, Rich McDonald joins Mark “Spice” Holden and Chris “CJ” Fellingham, bringing over 100 years of combined experience across wealth and hedge fund management, to unpack another …
Notas del episodio
This week on The Art of Investing, Rich McDonald joins Mark “Spice” Holden and Chris “CJ” Fellingham, bringing over 100 years of combined experience across wealth and hedge fund management, to unpack another fascinating week in global markets.
US equities pushed higher as investors piled back into AI, technology and cyclical trades, while copper and mining stocks extended their rally. The team debate whether markets are becoming too complacent, why copper remains a major long-term investment theme, and whether investors are underestimating ongoing economic risks.
This Week’s Highlights:
📈 Markets Continue Higher
US equities extended gains as optimism around AI, earnings and future rate cuts continued to support risk assets globally.
⚒️ Copper Leads The Charge
Copper and mining-related holdings delivered another strong week as the team revisit the long-term electrification and AI infrastructure story.
🤖 AI Momentum Remains Strong
Technology and AI-linked investments continue driving market performance as investors rotate back into growth assets.
⚠️ Are Investors Too Comfortable?
The team discuss whether markets are becoming overly optimistic despite ongoing geopolitical and macroeconomic uncertainty.
🇯🇵 Japan Still Performing
Japanese equities remained one of the strongest regions within the portfolio as international investors continue increasing exposure.
🪙 Crypto Volatility Returns
Crypto and blockchain-linked holdings remained highly reactive as sentiment swings continue across digital assets.
Portfolio Snapshot – Week 39:
Three positions were trimmed this week, with proceeds moved into cash. The team sold 5% VanEck Crypto ETF, 5% Vanguard FTSE 250, and 5% Xtrackers DAX ETF - raising the portfolio's cash position by 15%.
Weekly portfolio performance: +0.5%
Total return since inception: +21.9%
2026 year-to-date return: +9.4%
Top Performers:
🥇 WisdomTree Copper ETF: +8.5% WoW
🥈 BlackRock World Mining Trust PLC: +7.8% WoW
🥉 iShares Nikkei 225 ETF: +1.6% WoW
Underperformers:
📉 iShares MSCI India ETF: –4.6% WoW
📉 Xtrackers DAX ETF: –3.5% WoW
📉 Invesco Stoxx Euro 600 ETF GBP: –1.7% WoW
Big Questions This Week:
• Is the AI rally overcrowded?
• Why is copper such an important long-term theme?
• Are markets underpricing economic risks?
• Can mining stocks keep outperforming?
What You’ll Learn:
✔️ Why copper is linked to AI and electrification
✔️ How sentiment is driving markets
✔️ Why mining stocks remain strong
✔️ Warning signs investors should watch
📈 Download the full Portfolio Performance Slides
View the portfolio breakdown: here
📧 Get in touch: [email protected]
Disclaimer:
This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.
Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.
May Incentives:
Transfer Cashback
Get up to £5,000 cashback when you transfer £10,000+ to IG before 31st May 2026.
Code: TRANSFER5000POD
T&Cs 📋 ig.com/uk/invest-campaign/transfer-cashback-value-apr-26
Free Shares
Get £50–£1,000 in free shares when you invest £1,000+ before 31st May 2026.
Code: MAYSHARESPOD
T&Cs 📋 ig.com/uk/invest-campaign/free-shares-may-26
Cashback Offer
Earn 2% cashback (up to £200) when you deposit and invest £1,000+ before 31st May 2026.
Code: MAYDEPOSITPOD
Global Tech Surges as FTSE Suffers Political Uncertainty
This week on The Art of Investing, Rich McDonald is joined by Mark “Spice” Holden, Chris “CJ” Fellingham, who together bring over 100 years of combined experience across wealth and hedge fund management …
Notas del episodio
This week on The Art of Investing, Rich McDonald is joined by Mark “Spice” Holden, Chris “CJ” Fellingham, who together bring over 100 years of combined experience across wealth and hedge fund management. They’re joined by special guest Adam Smith, former Chief of Staff to Chancellor Jeremy Hunt, to unpack another huge week in global markets.
US equities pushed to fresh all-time highs as AI and semiconductor stocks surged higher, while falling oil prices and improving risk sentiment helped fuel a broad market rally. The team also debate whether signs of a bubble are beginning to emerge in parts of the technology market.
This Week’s Highlights:
📈 Markets Hit Fresh Highs
US indices including the Nasdaq, Russell 2000 and S&P 500 all reached new all-time highs as oil prices fell more than 10% this week.
💻 AI & Semiconductor Boom Accelerates
AMD, TSMC, Samsung and Intel all surged after another wave of blockbuster technology earnings and AI demand.
⚠️ Bubble Warning Signs Emerging?
The team discuss whether investors are now “buying names they like” regardless of valuation, with comparisons made to previous speculative bubbles.
🇬🇧 Can The UK Compete In AI?
Adam Smith shares insights from Westminster on Britain’s AI ambitions, and why the UK still has a chance to become a major global AI hub.
🛢️ Oil Falls As Ceasefire Hopes Grow
Markets welcomed signs of easing tensions in the Middle East, helping drive risk assets higher globally.
Portfolio Snapshot – Week 38:
No changes were made to the portfolio this week.
Weekly portfolio performance: +4.5%
Total return since inception: +21.4%
2026 year-to-date return: +8.9%
Top Performers
🥇 VanEck Crypto & Blockchain Innovators ETF: +21.6% WoW
🥈 BlackRock World Mining Trust PLC: +7.8% WoW
🥉 iShares Nikkei 225 ETF: +6.5% WoW
Underperformers
📉 Cash: +0.1% WoW
📉 iShares UK Gilts 0–5yr ETF: +0.4% WoW
📉 iShares MSCI India ETF: +1.5% WoW
Big Questions This Week:
- Is the AI rally becoming a bubble?
- Why are markets ignoring valuation concerns?
- Can the UK become a serious AI player?
- Is “Sell in May and Go Away” finally relevant again?
- Are investors underestimating how strong the US economy remains?
What You’ll Learn:
✔️ Why expectations matter more than earnings alone
✔️ How AI demand is reshaping global markets
✔️ Why semiconductor stocks are leading the rally
✔️ What warning signs investors should watch for in bull markets
✔️ How politics and policy could influence the next phase of AI investing
📈 Download the full Portfolio Performance Slides
View the portfolio breakdown: here
📧 Get in touch: [email protected]
Subscribe for weekly investing insight and to follow the live portfolio in real time.
Disclaimer:
This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.
Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.
Beat The Street Competition:
More Info here: https://bts.ig.com/uk/beat-the-street/home
📋 T&Cs: The “Beat the Street” competition is open to UK legal residents aged 18+ and there’s a limit of one registration per person. The promoter is IG Trading and Investments Ltd and you can enter and find full T&C’s at ig.com/uk/beat-the-street.
Disclaimer:
This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.
Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.
British Debt Gloom vs US Stock Euphoria — What Comes Next?
This Week on The Art of Investing, Rich McDonald returns from holiday to find oil at $126 a barrel and markets at all-time highs. The team try to make sense of it - rate cut expectations have collapsed …
Notas del episodio
This Week on The Art of Investing, Rich McDonald returns from holiday to find oil at $126 a barrel and markets at all-time highs. The team try to make sense of it - rate cut expectations have collapsed, geopolitical risk has intensified, and yet the S&P 500 and Nasdaq keep climbing. Mark "Spice" Holden and Chris "CJ" Fellingham join Rich to dig into why US markets are defying every macro headwind, what it means for a portfolio that had a tough week, and whether now is the time to act or sit on their hands.
The episode also covers a deep dive into UK gilt fair value, the Bank of England rate decision, the rise of algorithmic trading and its impact on price discovery, and a listener Q&A on stop losses and what the team have genuinely learned since launching the podcast.
This Week's Highlights:
🛢️ Oil at $126 — Markets Shrug
Brent crude up nearly 20% in eight days on Straits of Hormuz fears, yet the S&P and Nasdaq hit all-time highs.
💻 Magnificent Seven Earnings Crunch
Four Mag Seven reports in two minutes - Alphabet surged, Meta fell, and the Nasdaq pushed higher.
🔧 Chip Stocks Explode
Qualcomm up 16%, Intel up 100% since April - AI chip demand is the trade of the moment.
🇬🇧 UK Gilts & the "Moron Premium"
CJ breaks down gilt fair value and why 5.75% yields may still not be cheap enough to buy.
🤖 Machines Are Winning
Algorithmic momentum trading is moving markets beyond rational levels and crowding out human investors.
Portfolio Snapshot - Week 37
No changes were made to the portfolio this week.
Weekly performance: –2.1%
Total return since inception: +16.9%
Top Performers:
🥇 iShares S&P 500 GBP Hedged ETF: +0.1%
🥈 Cash: +0.1%
Underperformers:
📉 VanEck Crypto & Blockchain Innovators ETF: –9.5%
📉 BlackRock World Mining Trust PLC: –8.7%
📉 WisdomTree Copper ETF: –3.6%
Portfolio Positioning:
A tough week, with the oil price rise hitting commodities and oil-importing markets the hardest. The team agreed not to act while market direction remains unclear - CJ's view: when you're not seeing it well, making decisions is a recipe for mistakes. Watch and wait.
• US equities and AI beneficiaries remain core - justified by 13%+ earnings growth for six consecutive quarters
• UK and European exposure under review - the DAX would be first to go if forced to cut
• A move into long gilts is being considered if 30-year yields push above 6%
• Commodities suffering from oil rotation - mining and copper the biggest portfolio drags this week
📈 Download the full Portfolio Performance Slides
View the portfolio breakdown: here
📧 Get in touch: [email protected]
Subscribe for weekly investing insight and to follow the live portfolio in real time.
Disclaimer
This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.
Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.
Beat The Street Competition
More Info here: https://bts.ig.com/uk/beat-the-street/home
📋T&Cs: The “Beat the Street” competition is open to UK legal residents aged 18+ and there’s a limit of one registration per person. The promoter is IG Trading and Investments Ltd and you can enter and find full T&C’s at ig.com/uk/beat-the-street.
Aquí están los 40 episodios más recientes de 72. Los anteriores están en el feed del podcast.
Podcasts similares
Más podcasts de Educación
¿Es tu podcast?
Confírmalo con una entrada en tu feed: aquí recibes un código, lo añades como podcast:txt en el canal de tu feed y nosotros lo comprobamos. Después tu podcast aparecerá como «verificado» en SoundNode.