Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowIndyCar and Indy 500 champion Josef Newgarden doesn’t take his hands off the steering wheel when he leaves the cockpit of his No. 2 Chevy. He enjoys being a very hands-on caretaker of his career, business interests and financial life. As he says in his IBJ Podcast interview this week, “Maybe I’m just too type-A, but I want to know where every dollar is.”
That includes tracking his philanthropic efforts, sourcing new merchandise and, as we’re going to cover in great detail this week, managing his investment portfolio. He says that if he weren’t a racer, “I think I’d be an equity trader or some kind of strategist.” After Newgarden had a bad experience with an investment adviser early in career, he dedicated himself to mastering investment strategy for diversified growth holdings. He does his own research, handles his own trades, and, according to Newgarden, performs quite well when he pits himself against the S&P 500, so IBJ Podcast host Mason King wanted to pick his brain about his approach. They also chat about his plans to create a nonprofit for his philanthropy next year, as well as introduce a new line of merch.
Click here to find the IBJ Podcast each Monday. You can also subscribe at iTunes, Google Play, Tune In, Spotify and anyplace you find podcasts.
You can also listen to these recent episodes:
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Looking for another podcast to try? Check out IBJ’s The Freedom Forum with Angela B. Freeman, a monthly discussion about diversity and inclusion in central Indiana’s business community.
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Any time somebody says that “does quite well” compared to the S&P, they discredit themselves to me unless they prove their claim. 99% of the time, the person doesn’t understand how well the S&P does or is blatantly lying.
Doesn’t really matter in the case of Newgarden, though, unless he starts selling investment products. In which case run.
Josef is such a phony of a human. Just remember he is the only IndyCar driver in over 100 years of IndyCar racing to ever be disqualified from a race for cheating. Josef Knewgarden knew all about the cheating !!