In this episode, Liz Ann Sonders and Collin Martin discuss the state of heightened market volatility driven by geopolitical risk in Iran. Elevated oil prices have introduced an “asymmetric” risk environment, where traders perceive more downside than upside in crude prices if the conflict de-escalates, contributing to sharp and rapid market swings.

Collin highlights that bond markets, often considered the “boring” part of portfolios, have been anything but. Treasury yields have whipsawed dramatically in recent weeks, underscoring the importance of understanding duration risk. He explains how rising yields translate into price declines, particularly for longer-duration bonds, which can surprise investors unaccustomed to this level of volatility.

Then, Liz Ann welcomes a special guest to the show: Jim Clark, CEO of Boys & Girls Clubs of America. Liz Ann and Jim discuss the mission of the organization and the long-running Money Matters program, supported by Schwab, which has helped more than 1.2 million young people build essential money management skills since 2004.

Jim explains how financial literacy has become more challenging—and more necessary—in a cashless, device-driven world where spending and debt feel less tangible. The program focuses on basics such as budgeting, saving, goal-setting, understanding credit, and distinguishing investing from gambling. Data from Boys & Girls Clubs shows that their alumni are more likely than their peers to be prepared for the workforce, employed full-time, and earning more than their parents—a rare outcome in today’s economy.

On Investing is an original podcast from Charles Schwab. For more on the show, visit schwab.com/OnInvesting.

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This material is intended for general informational and educational purposes only. This should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned are not suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decisions.

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Past performance is no guarantee of future results.

Investing involves risk, including loss of principal.

Performance may be affected by risks associated with non-diversification, including investments in specific countries or sectors. Additional risks may also include, but are not limited to, investments in foreign securities, especially emerging markets, real estate investment trusts (REITs), fixed income, municipal securities including state specific municipal securities, small capitalization securities and commodities. Each individual investor should consider these risks carefully before investing in a particular security or strategy.

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Empowering the Next Generation Through Financial Education (With Jim Clark)