Vincent Deluard, CFA is the Director of Global Macro Strategy at Stonex. He joins the show to discuss the shortcomings of 60/40 Equity/Bond portfolio, the 8 horsemen of inflation and how to position an investors' portfolio accordingly.
The 60/40 portfolio has been an industry standard for asset allocators for years, with bonds yielding near-zero and equities at all-time-highs, things may change for this 'gold standard' allocation. Things are changing. We talk about the growing wealth gap, the "boomer CPI" figure and it's associated inflation - a fascinating discussion on where we are now and what the world might look like in the not-so-distant future.
Enjoy this conversation with Vincent Delaurd.
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Show Notes
0:00:00 Welcome and context
0:02:00 Who is Vincent Deluard?
0:03:16 What do you mean by the nuclear winter 60/40 portfolio?
0:05:49 Why the 60/40 portfolio doesn’t work anymore?
0:15:10 Why the prospects for the 60/40 portfolio seem so bleak?
0:21:51 Vincent’s views on inflation
0:25:14 What is the age-adjusted CPI index you put together?
0:34:35 What points you look at when structuring a portfolio?
0:37:33 What do you think about Bitcoin?
0:40:18 What could happen if people start to allocate their assets to other classes?
0:47:39 What gets you enthusiastic about the future?
0:48:41 Where can people find out more about you?
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