We had the pleasure to chat with Iven Kurz, founder and CEO of Evergreen GmbH. Evergreen is a German retirement focused Robo advisor. Before founding his own company, Iven was a total return fund manager for two of the biggest German Private Banks. The total return investing style Iven uses is called Passive Dynamic Investing, which is based on the Black-Scholes Option Pricing Theory and he used for many years. We dive deep into the weeds of this investment form and see why it is being used for retirement saving. Please keep in mind this is not investment advice full disclaimer at the end of the podcast.

The topics discussed include:

03:00 - investment philosophies

04:30 - How Iven got into Total Return investing

07:00 - portfolio insurance investing and what is passive dynamic investing (PDI)

12:30 - deep dive into PDI and Option Pricing theory

17:30 - what is the goal of PDI

23:55 - how does risk work in PDI?

26:40 - PDI for retirement planning and risk

29:00 - risk budgets

32:00 - predicting returns for PDI Investing

35:25 - about long-short total return investing

37:30 - What Evergreen does

40:50 What Evergreen does differently

43:30 - costs and risk premium for robo-advisors

47:20 - PDI and black swan events

50:15 - closing questions

As always, make sure you share the podcast with anyone you think might benefit from the information. And don't forget to leave us a 5-Star review on iTunes!

Find out more at https://www.thewallstreetlab.com/

Luke, Leo & Andy