Why The 60-40 Portfolio Is Broken… And How To Fix It
Money Tree Investing
Money Tree Investing Podcast
4.6 • 658 Ratings
🗓️ 2 February 2024
⏱️ 50 minutes
🧾️ Download transcript
Summary
We blow up the 60-40 portfolio in this interview. It is broken and needs to be fixed.
We discuss how to improve on the 60-40 portfolio with alternative investments and what to look for in the alternative investment space.
Today's Panelists:
- Kirk Chisholm | Innovative Wealth
- Barbara Friedberg | Barbara Friedberg Personal Finance
- Phil Weiss | Apprise Wealth Management
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Transcript
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| 0:00.0 | Welcome to the Money Tree Investing Podcast. |
| 0:04.0 | Stock market, wealth, personal finance, value stocks, invest in your life. |
| 0:10.0 | Hello, Smart Money Tree Podcast listeners. Welcome to this week's show. My name's Kurt Chisholm and I'll be your host. So today, I'm joined with Dick Fister. How you doing today, Dick? |
| 0:18.0 | Great. Thanks for having me, Kirk. Glad to having the |
| 0:20.8 | show here. Tell us a little bit about your background. I wanted to bring you on because you do some |
| 0:24.5 | interesting stuff, but tell us a little bit about your background. My background is a little bit |
| 0:27.8 | different than a typical wealth advisor in that I started as a floor trader on the floor of the |
| 0:34.2 | Chicago Mercantile Exchange in the Japanese yen pit in the early to mid-90s. |
| 0:39.6 | So my first foray into the financial services and eventually the financial advisory world |
| 0:45.5 | came from the world of derivatives and alternative strategies. |
| 0:50.3 | And I used to work for a firm, which many of your listeners might know named Dean Witter. |
| 0:54.3 | So Dean Witter was at the time the largest futures clearing firm in the world, got exposed very early days to what hedging truly meant, what speculation truly meant, and then good risk management across the variety of different futures and options strategies that various hedge funds and |
| 1:11.8 | institutional money managers employed. |
| 1:13.9 | And that got me hooked on the world of how do you allocate to all sorts of asset classes, |
| 1:19.2 | including stocks, bonds, and alternatives. |
| 1:22.3 | So today I've been in the industry nearly 30 years, Alva Corps emphasizes the use of alternative strategies |
| 1:29.1 | in our wealth advisory practice. So that's kind of where it was led me to 2023 and we've got |
| 1:34.3 | a lot more opportunity in front of us, I believe. What to use attractive about alternatives? |
| 1:39.8 | What makes that different than the traditional realm? The key to that answer is to delineate the different |
| 1:46.7 | types of alternatives. And we like to categorize alternatives in two major buckets. One we call |
| 1:53.7 | alternative asset classes. That includes things like private equity or private credit, private real estate, |
| 2:00.4 | venture capital. |
... |
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