1 min read

Season 6, Episode 65

Navigating Economic Uncertainty with ABOC's Chief Investment Officer

ABOC Gray

 

Guest Name:


Robert J. Majdecki

Guest Website:


ABOC 

Guest Social Media:


LinkedIn

Supportive Documents:


Robert J. Majdecki, Senior Vice President and Chief Investment Officer at Amalgamated Bank of Chicago (ABOC), joined the America's Work Force Union Podcast to discuss navigating economic challenges, maximizing investment opportunities and the unique perspective of a union-founded bank.

Market fluctuations have presented significant challenges for investment officers like Majdecki. He emphasized the importance of conservative strategies and maintaining a long-term perspective. ABOC's approach involves balancing risk and reward, focusing on U.S. treasuries, agency securities and making concise loans to reliable borrowers. Majdecki stressed the importance of understanding market cycles, noting that while short-term losses can be concerning, they should be viewed in the context of long-term gains.

Infrastructure spending remains a critical area of focus for both ABOC and unions. Majdecki highlighted the ongoing need for infrastructure investment, despite potential changes in funding priorities under different administrations. He noted that labor shortages, particularly in general labor and skilled trades, could impact the execution of infrastructure projects. He said the situation presents challenges and opportunities for unions and their members, as demand for skilled workers in these sectors may increase.

Financial planning for long-term sustainability requires a nuanced approach, especially for union pension and health welfare funds. Majdecki discussed balancing equity and fixed-income investments based on each fund's needs. He advised individual investors to "stay the course" and avoid making reactive decisions based on short-term market fluctuations. For unions and their members, Majdecki emphasized the importance of consistent contributions and strategic investment allocation to ensure long-term financial health.

Hear more from Majdecki on navigating economic challenges and union-focused financial strategies, listen to the full episode above.


America’s Work Force is the only daily labor podcast in the US and has been on the air since 1993, supplying listeners with useful, relevant input into their daily lives through fact-finding features, in-depth interviews, informative news segments and practical consumer reports. America’s Work Force is committed to providing an accessible venue in which America's workers and their families can hear discussion on important, relevant topics such as employment, healthcare, legislative action, labor-management relations, corporate practices, finances, local and national politics, consumer reports and labor issues.

America’s Work Force Union Podcast is brought to you in part by our sponsors: AFL-CIO, American Federation of Government Employees, American Federation of Musicians Local 4, Alliance for American Manufacturing, Anthem Blue Cross Blue Shield, Brotherhood of Maintenance of Way Employes-IBT, Boyd Watterson, Columbus/Central Ohio Building and Construction Trades Council, Communication Workers of America, Mechanical Insulators Labor Management Cooperative Trust, International Association of Heat and Frost Insulators and Allied Workers Local 50, International Federation of Professional and Technical Engineers, International Union of Bricklayers and Allied Crafts, International Union of Painters and Allied Trades District Council 6, Ironworkers Great Lakes District Council, Melwood, The Labor Citizen newspaper, Laborers International Union of North America, The National Labor Office of Blue Cross and Blue Shield, North Coast Area Labor Federation, Ohio Federation of Teachers, United Labor Agency, United Steelworkers.

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