A Golden Moment for Asset Allocation | Mike Philbrick | #593
Today’s returning guest is Mike Philbrick, CEO of ReSolve Asset Management and Founding Member of the Return Stacked Team. In today’s episode, Mike discusses the evolving role of gold and Bitcoin in investment portfolios given the current economic landscape. He explores the historical performance of gold, its risk premium, and how it can help negate home country bias. Then he explains how investors can utilize gold futures to enhance a traditional 60/40 allocation.
Key Points
- Gold and Bitcoin are increasingly seen as prudent allocations in portfolios due to their scarcity and unique risk profiles, especially in the current economic regime of rising inflation and geopolitical risks.
- Return stacking strategies can enhance portfolio diversification and returns by layering additional diversifying assets like gold, Bitcoin, or managed futures on top of traditional stock and bond allocations without sacrificing the core exposures.
- Advisors and investors are encouraged to think about the behavioral benefits of return stacking, as it can help mitigate the tendency to chase performance and improve portfolio resilience through systematic rebalancing.
Follow Mike: Website; LinkedIn; X
Resources: Golden Opportunities: Enhancing Traditional Portfolios with a Gold Futures Stack Gold & Bitcoin: From Fringe to Foundational Using a Gold Stack to Hedge U.S. Home Equity Bias
Michael Philbrick, Adam Butler, and Rodrigo Gordillo - It's About Risk Allocation, Not Capital Allocation | #17 - September 2016 Rodrigo Gordillo & Corey Hoffstein - You Now Get To Have Your Beta Cake While Eating Your Alpha Too | #368 - November 2021 Rodrigo Gordillo & Corey Hoffstein - Instagram Frauds, Inflation Volatility, Tech Crisis, & Return Stacking | #484 - June 2023
Chapters
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Transcript
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