Wall Street Transcript | Preserving Wealth by Avoiding the Permanent Impairment of Capital
Kimball Brooker Jr. and Sean Slein discuss First Eagle Investment Management, LLC and the Global Income Builder Fund. A multi-asset strategy, the Global Income Builder Fund was created in response to the repression of yields after the financial crisis, when investors were looking for a vehicle to generate income that used a value-based approach. Through the fund, Mr. Brooker and Mr. Slein aim to generate attractive returns and preserve wealth, which to them means avoiding the permanent impairment of capital. There are two ways that Mr. Brooker and Mr. Slein protect against impairment: One is valuation, and the other is flexibility.
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There are risks associated with investing in securities of foreign countries, such as erratic market conditions, economic and political instability and fluctuations in currency exchange rates. These risks may be more pronounced with respect to investments in emerging markets.
Investment in gold and gold related investments present certain risks, and returns on gold related investments have traditionally been more volatile than investments in broader equity or debt markets.
The principal risk of investing in value stocks is that the price of the security may not approach its anticipated value or may decline in value.
All investments involve the risk of loss of principal.