Aug 19, 2024
On this week's
Stansberry Investor
Hour, Dan and Corey
welcome Bob Elliott back to the
show. Bob is the co-founder,
chief investment officer, and CEO of Unlimited. The
investment
firm uses machine learning to
replicate the index returns of hedge funds, venture
capital,
and private equity. Bob
explores a wide range of topics in the podcast, from
counteracting
inflation with certain
investments to the worsening future of globalization.
Bob kicks off the show by
talking about the importance of holding yourself accountable
with
investing and about bonds in
relation to the Federal Reserve's next moves. Many
investors
are expecting an aggressive
rate-cutting cycle, but as Bob points out, the Fed may not
live
up to those expectations. He
also discusses the flaws of the 60/40 portfolio in
today's
market, why you should hold
gold as part of your portfolio, and two primary factors
that
could contribute to a long-term
inflationary environment. (1:02)
Next, Bob explores ways to
properly balance your portfolio to preserve wealth and
minimize
volatility. This leads to a
conversation about Treasury inflation-protected securities.
Bob
describes why they're a better
investment today than they were a few years ago and
what
gives them an edge over nominal
bonds. After, he discusses the supply-and-demand
imbalance in natural resources,
oil's supply sensitivity versus precious metals, and
the
green-energy movement.
(20:57)
Finally, Bob makes his case for
investing in natural resource companies and warns
listeners
about roll costs when trading
in the futures market. He then talks from a macro
perspective
about productivity in relation
to AI. As he explains, AI has not yet led to large
productivity
advances like we saw with the
advent of the personal computer. (37:58)