Today's Animal Spirits is brought to by Wari Charts.

They have this model portfolio tool

where you can use to, you guessed it, create model portfolios.

So I looked at a 60-40 portfolio with a twist. I took 5% from the stock allocation. I used the global

total stock market. So I used a VT for that. I used AGG for bonds, but I took 5% from stocks and I put it into Bitcoin. In this case I used

GBTC for Bitcoin. And this portfolio, even with an annual rebalance, so it's not

just like 40% Bitcoin at this point. This portfolio beat the

pants off of the S&P 500. I was shocked. Going back five years this portfolio did 22.8%, the S&P did 13.5. If only we can go back five years and use this portfolio.

Yeah, are you ready to put your $4 million price point on Bitcoin yet so we can have this going forward as well.

That's a little conservative.

Okay.

All right, yeah, this is cool.

So we got the whole thing here.

We'll put it in our show notes.

Go to YCharts, tell them Animal Spirit's sent to you.

You can have a free trial and get 20% off your first subscription and try this model portfolios out for yourself

Welcome to Animal Spirits a show about markets life and investing

Join Michael Batnick and Ben Carlson

as they talk about what they're reading, writing, and watching.

Michael Batnick and Ben Carlson

work for Ritholz's wealth management.

All opinions expressed by Michael and Ben or any podcast guests are solely their own opinions and do not

...