What podcasts say about John Stepek
Every statement, with the speaker, the exact quote and the moment it was said.
What John Stepek has said on podcasts
51 statements · 22 positive · 20 negative · 1 mixed · 8 neutral
U.S. stocks, specifically the S&P 500, were the decade’s strongest investment.
“It's US stocks or the S&P 500 to be specific.”
Open the episode · The Portfolio Reset: Episode 1Listen at 3:32
American markets had a stellar year and were at new highs.
“American markets had a stellar year and we're at new highs today.”
Open the episode · The Portfolio Reset: Episode 1Listen at 3:42
Passive investing exceeds half the market by some measures.
“we've passed the point by many measures where it's more than half the market.”
Open the episode · The Portfolio Reset: Episode 1Listen at 18:22
Greater market concentration makes investor portfolios more concentrated.
“the more concentrated the market becomes, the more concentrated investors' portfolios become too.”
Open the episode · The Portfolio Reset: Episode 1Listen at 19:30
Market-cap weighting increases ownership as an asset’s market value rises.
“the more valuable something becomes, the more of it you own.”
Open the episode · The Portfolio Reset: Episode 1Listen at 21:24
U.S. market dominance is primarily driven by dominant technology industries.
“The single biggest reason is that U.S. has tech and those have become dominant global industries.”
Open the episode · The Portfolio Reset: Episode 1Listen at 22:50
U.S. exceptionalism could continue for years.
“it could carry on for years, conceivably.”
Open the episode · The Portfolio Reset: Episode 1Listen at 24:48
Many investors’ portfolios are less diversified than they believe.
“it's far less diversified than you might currently think.”
Open the episode · The Portfolio Reset: Episode 1Listen at 25:55
Prime central London property prices are down about 27% since 2014.
“Prime central London is down like 27% since 2014.”
Open the episode · Markets Wrap: Bond Market Turmoil, Inheritance Tax and AI risksListen at 17:27
The proposed inheritance-tax changes could create significant housing-market problems.
“this strikes me as being rife with potential problems for the housing market”
Open the episode · Markets Wrap: Bond Market Turmoil, Inheritance Tax and AI risksListen at 21:57
Investors should stay diversified because markets are highly concentrated.
“the only thing you can do is stay diversified and just be aware that there is a lot of concentration in the markets”
Open the episode · Markets Wrap: Bond Market Turmoil, Inheritance Tax and AI risksListen at 30:24
Technology’s share of an S&P 500 tracker has risen from about 20% to nearly 50%.
“your S&P 500 tracker used to be, whatever, 20% in tech and now it's nearly 50%”
Open the episode · Markets Wrap: Bond Market Turmoil, Inheritance Tax and AI risksListen at 30:33
The UK triple lock makes state pensions rise faster than average earnings long term.
“The way the triple lock has been set up so far means that the state pension will always rise. faster than average earnings over the long term.”
Open the episode · Markets Wrap: The Triple Lock, Bond Yields and HousingListen at 4:04
The state pension is now about 25–30% of average earnings.
“Now low after years of the triple lock, it's back to about 25% or 30%, depending on which average earnings figure you use.”
Open the episode · Markets Wrap: The Triple Lock, Bond Yields and HousingListen at 4:31
Reforming the triple lock will save some billions relative to the original trajectory.
“It will save, relative to the original trajectory, some billions, but not many.”
Open the episode · Markets Wrap: The Triple Lock, Bond Yields and HousingListen at 7:11
France is distracting bond markets from UK gilt concerns.
“I think it's probably more likely because their attention is being distracted by France at the moment.”
Open the episode · Markets Wrap: The Triple Lock, Bond Yields and HousingListen at 10:29
Inflation and other forces are pushing bond yields higher globally, led by the US.
“there are big forces pushing up bond yields everywhere and that includes the US, leads everyone, inflation.”
Open the episode · Markets Wrap: The Triple Lock, Bond Yields and HousingListen at 10:44
Andy Burnham may ultimately call an earlier election.
“I'm still not convinced that despite his denials, that's not what he's going to end up doing.”
Open the episode · Markets Wrap: The Triple Lock, Bond Yields and HousingListen at 11:44
An election, if pursued, would likely occur in 2027.
“it's kind of got to be 2027. I don't see why you would leave it till later than that.”
Open the episode · Markets Wrap: The Triple Lock, Bond Yields and HousingListen at 11:57
The proposed Your First Home scheme would provide a 20% taxpayer-backed equity loan.
“the taxpayer will back it up with a 20% equity loan.”
Open the episode · Markets Wrap: The Triple Lock, Bond Yields and HousingListen at 19:20
About 45% of Help to Buy flats sold in fiscal 2024–25 lost money.
“roughly, I think, 45% of the ones that were sold in 2024, 2025 fiscal year lost money on their original purchase price.”
Open the episode · Markets Wrap: The Triple Lock, Bond Yields and HousingListen at 20:08
The equity-loan valuation is valid for only three months.
“you have to get an independent valuation from BRICS. Nothing wrong with that, but it only lasts for three months.”
Open the episode · Markets Wrap: The Triple Lock, Bond Yields and HousingListen at 21:32
Equity-loan repayment is based on valuation rather than the lower sale price.
“if it gets valued at, say, £300,000, but you sell for £280,000, you are still going to have to pay back your equity loan based on the £300,000 valuation price.”
Open the episode · Markets Wrap: The Triple Lock, Bond Yields and HousingListen at 21:55
The housing scheme is a catalyst for housebuilding stocks and shows political favour.
“I think it is a catalyst. I think it also shows that they're politically favoured still.”
Open the episode · Markets Wrap: The Triple Lock, Bond Yields and HousingListen at 23:17
Physical gold is necessary for insurance against an apocalyptic scenario.
“if you genuinely want to insure against an apocalyptic scenario, then the only answer is to have some physical gold that you can literally access”
Open the episode · Physical Gold, Stocks and Retirement: Your Questions AnsweredListen at 5:03
Physically gold-backed ETFs are a good way to obtain gold-price exposure.
“I'm perfectly comfortable with the idea of physically gold backed ETF. Don't have any kind of worries about that. I think it's a good way to get exposure. to the price”
Open the episode · Physical Gold, Stocks and Retirement: Your Questions AnsweredListen at 5:22
Investors heavily exposed to gold should hold more physical gold readily available.
“you probably should have a bit more physical gold literally to hand than you do at the moment”
Open the episode · Physical Gold, Stocks and Retirement: Your Questions AnsweredListen at 5:55
Going public can provide companies with greater profile and exposure.
“when you go public, there's an element of doing that for profile as well”
Open the episode · Physical Gold, Stocks and Retirement: Your Questions AnsweredListen at 11:56
Investing in newly public small companies can help increase their profile.
“investing in it is a good way to kind of like help them on that front as well”
Open the episode · Physical Gold, Stocks and Retirement: Your Questions AnsweredListen at 12:21
As retirement approaches, investors should prioritize protecting accumulated wealth.
“the more you should be focusing on, okay, I've made it, now can I protect it? So the kind of wealth protection element”
Open the episode · Physical Gold, Stocks and Retirement: Your Questions AnsweredListen at 14:32
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.