Liz Ann Sonders and Collin Martin discuss a busy week for markets, including the election results, the continued evolution of the AI trade, improving market breadth, inflation risks, and the outlook for interest rates and bonds. Liz Ann highlights the recent rotation beyond technology, including strength in healthcare and profitable small-cap stocks, while Collin examines growing risks in AI-related corporate bonds and explains why elevated yields continue to make short- and intermediate-term bonds attractive.
Liz Ann then welcomes investors and authors Jenny Harrington and Rebecca Patterson to discuss their new book, Investment Wisdom for Our Friends and Loved Ones. Featuring essays from 25 prominent women in finance, the book brings together practical, jargon-free perspectives designed to help readers better understand investing and find an approach that fits their individual goals, personalities, and circumstances. Harrington and Patterson share how their careers shaped the project, why financial education can be an equalizer, and how the book’s contributors use personal stories and lessons learned to make investing more approachable.
The conversation also explores the importance of understanding both financial and emotional risk tolerance, recognizing how investor behavior can shape long-term outcomes, and building an investment plan that reflects who you are rather than simply following someone else’s strategy. The guests also discuss the importance of financial literacy and paying that knowledge forward, with proceeds from the book supporting the Boys & Girls Clubs of America and the Council for Economic Education.
Finally, Collin and Liz Ann discuss the upcoming economic indicators and data that matter most for investors.
You can learn more about the book at InvestmentWisdomBook.com ( .
On Investing is an original podcast from Charles Schwab ( . For more on the show, visit schwab.com/OnInvesting ( .
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Important Disclosures
The comments, views, and opinions expressed in the presentation are those of the speakers and do not necessarily represent the views of Charles Schwab.
This material is intended for general informational and educational purposes only. This should not be considered an individualized recommendation or personalized investment advice. The securities, investment products and investment strategies mentioned are not suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decisions.
All expressions of opinion are subject to change without notice in reaction to shifting market, economic or political conditions. Data contained herein from third party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.
Past performance is no guarantee of future results.
Investing involves risk, including loss of principal.
Performance may be affected by risks associated with non-diversification, including investments in specific countries or sectors. Additional risks may also include, but are not limited to, investments in foreign securities, especially emerging markets, real estate investment trusts (REITs), fixed income, municipal securities including state specific municipal securities, small capitalization securities and commodities. Each individual investor should consider these risks carefully before investing in a particular security or strategy.
Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications, and other factors.
Preferred securities are a type of hybrid investment that share characteristics of both stock and bonds. They are often callable, meaning the issuing company may redeem the security at a certain price after a certain date. Such call features, and the timing of a call, may affect the security’s yield. Preferred securities generally have lower credit ratings and a lower claim to assets than the issuer’s individual bonds. Like bonds, prices of preferred securities tend to move inversely with interest rates, so their prices may fall during periods of rising interest rates. Investment value will fluctuate, and preferred securities, when sold before maturity, may be worth more or less than original cost. Preferred securities are subject to various other risks including changes in interest rates and credit quality, default risks, market valuations, liquidity, prepayments, early redemption, deferral risk, corporate events, tax ramifications, and other fa…
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