RECESSION DEFENSE
Guggenheim Partners’ Scott Minerd explains why he is getting defensive in all six of his five-star rated bond funds.
WEALTHTRACK Episode #1415; Originally Broadcast on September 29, 2017
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SCOTT MINERD
- Global Chief Investment Officer, Portfolio Manager,
- Guggenheim Partners
Newsletter available soon.
MAKE SURE YOU HAVE A SAFE HAVEN ASSET IN YOUR PORTFOLIO
- Gold: A logical choice
- Universally recognized and traded as safe haven
- Minerd recommends maximum 5% holding
- Jean-Marie Eveillard recommends maximum 10%
- Buying gold is a hassle
- Alternative is gold ETF
- SPDR Gold Shares (GLD)
- iShares Gold Trust (IAU)
No Bookshelf titles this week.
MINERD: VALUABLE EARNINGS
- Bank of America Corporation (BAC)
- Price: $25.31 on 9/28/17
- 52-week range: $14.81 – $25.80
- iShares MSCI Brazil Capped ETF (EWZ)
- iShares MSCI Chile Capped ETF (ECH)
Download the transcript included in the WEALTHTRACK PREMIUM subscription here [pdf].
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OUT OF RETIREMENT
Scott Minerd now leads one of the fastest growing investment management firms on Wall Street, overseeing nearly $300 billion of assets including six five-star rated bond mutual funds. It’s a far cry from when he packed it all in and retired at the age of 37. Why did he quit and what brought him back?
