Join us as we delve into the intricacies of today's economic landscape, from the Fed's recent rate cuts to the performance of the 'Magnificent Seven' stocks. John Coleman alongside Richard Cunningham offers valuable insights on private equity, venture capital, and real estate markets, while also addressing the potential impact of the upcoming U.S. election on the economy. Learn how to navigate these complex times with both financial acumen and spiritual wisdom.

Takeaways:

• The Fed's recent rate cut is a significant shift after a long period of high rates.
• Historically, rate cuts can correlate with recession, but the current economic indicators are mixed.
• The S&P 500's performance is heavily influenced by a few large-cap stocks, known as the Magnificent Seven.
• Private markets are experiencing sluggishness due to fewer exits and challenges in fundraising.
• Real estate markets are facing unique challenges, particularly in the office and residential sectors.
• The upcoming election is expected to bring volatility, with differing impacts on the economy depending on the outcome.
• Government spending inefficiencies are a pressing issue that needs addressing.
• Wisdom and discernment are crucial in managing financial resources effectively.
• Power and money should be viewed as tools for good, not ends in themselves.
• Praying for wisdom in financial decisions is essential for stewardship.

Chapters:

00:00Introduction and Overview of Q3 2024

02:55The Federal Reserve's Rate Cuts and Economic Implications

10:25Market Reactions and Predictions

14:18Public vs. Private Markets: Trends and Challenges

22:19Real Estate Market Dynamics

27:23Election Year Insights and Economic Commentary

43:05Wisdom and Stewardship in Financial Matters

Join Justin Forman as he honors the life and legacy of Richard Garnett, a faith-driven entrepreneur, investor, and actor who recently passed away after a courageous decade-long battle with cancer. This poignant episode features a powerful teaching from Richard himself, focusing on investing in what truly matters. As we reflect on Richard's recent passing, his message takes on new depth and urgency. Tune in for an inspiring exploration of intentional living, generosity, and the art of cherishing each moment.

In this episode of the Faith Driven Investor Podcast, Richard Cunningham, Andrew Behrman, and Chris Kim discuss the private equity world and the secondary market. They explain that private markets offer unique benefits such as diversification and active involvement but also come with trade-offs like limited access and illiquidity. The conversation focuses on the secondary market, which allows investors to offload their positions in private funds. They discuss the recent growth of the secondary market and its importance in providing liquidity in a time of lower distributions.

In this episode of the Faith Driven Investor Podcast, Richard Cunningham and Luke Roush interview Jason Illian, the founder of Highmount Capital.

They discuss Highmount's recent investment in Dude Perfect, a popular content creation group known for their Youtube channel and live shows.

Jason shares his background and the importance of family in his life. He also highlights the trust and influence that Dude Perfect has built with families and the potential for future growth and expansion. The conversation explores the business model of content creation and the impact that faith-driven investors can have on culture through their capital.

In this episode of the Faith Driven Investor podcast, Richard Cunningham and John Coleman interview Brandon Pizzurro, Chief Investment Officer at Guidestone, to discuss the state of the US markets.

They cover topics such as the performance of the S&P 500, the dominance of big tech companies, the potential for a small cap rotation, the impact of artificial intelligence on the market, and the possibility of rate cuts and inflation.

The conversation also provides insights into the current trends and dynamics in the US markets and discusses the possibility of a soft landing for the economy, with declining rates and inflation reaching a more normalized level.

Brandon Pizzurro leads the investment-related lines of business within GuideStone. In this capacity, he serves as President and Chief Investment Officer of GuideStone Capital Management, LLC, the investment adviser to GuideStone Funds, and President of GuideStone Investment Services, which provides investment advisory services to nonprofit institutions. He is also an Interested Director of the Board of Directors of GuideStone Funds. Mr. Pizzurro is a member of the executive leadership team for the parent company, GuideStone, and chairs both the organization’s Committee on Faith-Based Investing, which directs GuideStone’s faith-based research efforts, and the Investment Management, Allocation and Risk Committee, which approves all new investments for use on the GuideStone platform. He is also a voting member of GuideStone’s Institutional Portfolio Committee.

Richard and John check in on two of the key trailblazers of the Faith Driven Investor Movement, Aimee Minnich & Jeff Johns of The Impact Foundation, to learn how Donor Advised Funds (DAFs) can help investors who want to use their capital for God’s Kingdom.

The four of them discuss the power and necessity of impact investing, the history and mission of Impact Foundation, and the importance of innovation and entrepreneurship in the charitable sector.

Aimee also shares her recent experience testifying in front of legislators about rules surrounding donor-advised funds and gives practical next steps for those who want to get in the game with impact investing.

In this episode of the Faith Driven Investor podcast, Richard sits down with Henry Kaestner and Andrew Firman about the returns, rewards, and risks involved in investing in Africa.

They discuss the opportunities and challenges of investing in the continent, the importance of spiritual integration in business, and the potential for economic development in Africa.

They also highlight specific examples of innovative solutions being developed by African entrepreneurs to address real problems in the region. The conversation emphasizes the need for mentorship and support for African founders and encourages faith-driven investors to consider investing in Africa.

In this special edition of the Faith Driven Investor Podcast, we highlight the story of Sam Rhee.

Sam was formerly a CEO and co CIO, global head of Asia at Morgan Stanley before starting the fintech platform, Endowus.

Today, Endowus primarily serves Asian markets with $5 billion in assets under management and has recently raised 95 million dollars in outside capital.

In this unique narrative-style podcast, we hear how the biblical story of Abraham and Lot inspired Sam Rhee to step aside from the role of his dreams for the sake of a colleague and how God used that sacrifice to pave a path for victory.