Also in this playlist...
This transcript is automatically generated
To investor not to invest like congressman Paul Ryan my next guest says.
The Republican VP nominee has an investment portfolio typical of most Americans today.
But is -- -- Smart one Lance Roberts chief strategist at street talk advisors joins me now by telephone.
That's a technical difficulties we hope this is gonna work plants are you there I'm here tonight to talk to get our -- I'm glad you're there could be here your Royce.
-- surprise you by Paul Ryan's portfolio.
I would say that I was really surprised down and then what I mean by that is.
That this is very much how out when I sit down with client but a daily basis and my office.
This is very typical of the portfolios that I -- -- from you know wherever they were being advice before they just they just the.
And then the back with a drop here is that yes eight times of mutual fund -- his portfolio.
And many of them overlap they have.
Similar holdings in each one -- so you see that with your own customers with that -- consumers that you advise.
We need to didn't.
Well that and that and that that the problem with the portfolio weighted -- don't -- he holdings he really has no idea.
You know what it allegation is that stocks what -- delegation -- the bonds or cash sure.
Our commodities -- what their parents know what one -- to start with this to be -- -- into the portfolio and again.
Really get -- -- the FDP just been a wonderful study just recently 5000 people they surveyed what they found out what these were just your normal retail investors.
They found out that retail investors have very little understanding of the mutual -- that they.
Yeah I've heard that it's depressing yes I think -- look it's not all retail investors -- I mean let's be clear here.
When there's a red hot stock every fund manager in the country buys that whether it fits the portfolio -- not.
I like apple shares are in every -- mutual fund portfolio you can ask for because.
It's a big stock it's growing like topsy so you can't just blame investors here.
And I eat it can't and then but this goes back to the issue of having -- -- -- bonds that are all the -- out.
People debate big -- a large cap on the on the mid -- -- small cap if international but I think you're diversified.
A problem is that today.
All these markets because of globalization because the technology they're all highly correlated so everything blew up and down the same time and -- -- crash come gonna get we've already had two -- the last decade we're gonna have another one eventually.
They get hurt much more because of the extreme exposure to risk -- they really don't even realize they have.
Higher absolute right -- it's great to have you back come what we can actually see year it'll pay at a -- at a picture of -- but it's not the same.
-- so much dumping -- -- -- at.
Filter by section