Tiesj Benoot Details Cycling Portfolio Strategy
Professional cyclist Tiesj Benoot manages his career earnings through globally diversified exchange-traded funds, gold, and real estate, avoiding individual stocks following a significant loss in biotech, The Time reported. Benoot, who holds a master’s degree in applied economics, detailed his investment approach during an appearance on the podcast The Stock Market Voyeurs.
Moving Past Biotech and Bitcoin Losses
Benoot stays away from individual equities due to a painful past investment in the biotech firm Galapagos. His brief venture into bitcoin also taught him that constantly tracking market tickers conflicts with the demands of a professional sports career. Instead, he allocates his capital primarily to broad index funds while holding physical gold and real estate for stability.
Market Outlook and Podcast Insights
While reviewing current market conditions, Benoot noted that traditional financial commentators frequently express excessive worry, an observation he made after relistening to past podcast episodes during a rehabilitation period. Panelists on The Time discussed how rising interest rates and oil prices require strong corporate earnings to sustain current market rallies. The episode also addressed a listener question from 20-year-old student Elias regarding how to balance long-term investing goals with saving for a car or home.
Frequently Asked Questions
What education does Tiesj Benoot have regarding finance?
Benoot holds a master’s degree in applied economics, which complements his active management of a personal investment portfolio built during his cycling career.
Who hosts the podcast where Benoot shared his portfolio details?
The podcast The Stock Market Voyeurs is hosted by Tomas De Soete, featuring financial contributors Ellen Vermorgen from The Time and Geert Smet from The Investor.