Trying to optimize is what hurts you.

Kenny Polcari opens with the oldest question in retail investing and gets two different answers. David Miller, Co-Founder and Chief Investment Officer of Catalyst Capital Advisors, argues the 60/40 mix only works when rates are falling. Chad Morganlander, Senior Portfolio Manager and Co-Founder of Washington Crossing Advisors, defends it for someone near retirement and warns that trying to optimize is where retail investors hurt themselves. Then they turn to the debt, what it does to rates, and why both of them think Congress matters more than the Fed. Timestamps: 00:00 Is the 60/40 mix still relevant 00:41 The case that it only works when rates are falling 00:58 The case for keeping it simple and laddering bonds 01:40 Who 60/40 was actually built for 02:48 Where retail investors hurt themselves 03:39 What the word alternatives actually covers 04:33 Strategies built for when correlations go to one 05:43 Matching the approach to the investor 07:27 Core and satellite, offense and defense 08:30 Where rates go next, and the debt behind them 09:42 Global rates, fiscal stimulus, and the two-year 10:14 Whether the long end can be controlled at all 10:43 The argument for moving faster 11:11 A return to Greenspan-style guidance 12:17 Inflate, grow, or cut: the three ways out 15:17 The pull of a guaranteed yield, and the math behind it 15:42 What happened the last time cash paid 20 percent 17:03 Multiples then against multiples now 18:06 How much of the index is one sector 18:49 The factor that actually drove three years of returns 20:34 Where to look when tech is under pressure 23:12 Oil, the midterms, and why Congress is the real issue 24:36 The year-end view Featuring: Kenny Polcari, Host, Trader Talk, Yahoo Finance David Miller, Co-Founder and Chief Investment Officer, Catalyst Capital Advisors Chad Morganlander, Senior Portfolio Manager and Co-Founder, Washington Crossing Advisors Kenny Polcari gives it to you straight. New episodes Wednesdays at 5pm ET. #TraderTalk #YahooFinance #Investing #Retirement #Rates #StockMarket == AlphaSpace by Yahoo Finance: A Professional-Grade Investment Platform Built for Everyday Investors. 👉 https://finance.yahoo.com/about/promos/gold/alphaspace?ncid=100003571

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