Episode Details

Is the classic 60/40 portfolio really obsolete, or are investors making a costly mistake by abandoning bonds? Lance Roberts & Jon Penn examine why fixed income still plays a critical role in portfolio construction, risk management, and long-term wealth preservation. We'll discuss why bonds remain valuable despite recent volatility, how they can improve diversification, and why chasing all-equity returns may expose investors to unnecessary risk. If you've been told that "bonds are dead," this conversation offers a different perspective backed by history and current market conditions. 0:00 INTRO 1:12 - Space-X First Report Preview 4:16 - Market Consolidation Continues 6:00 - Sometimes the Best Thing to Do is Nothing 8:57 - Space-X Options? 9:44 - 60/40 Portfolio is Dead? 13:41 - The Case Against Bonds 19:16 - Correlation Matters 24:09 Why Gold Does Not Belong in Bond Side of Portfolio 28:07 - Why We Own Certain Assets 31:02 - Understanding Beta 36:11 - Never Look at Bonds as a Hedge for Inflation 38:35 - Investing when it's "Safe" 39:36 - Inflation is not a Bad Thing 44:50 - Own Bonds, not ETF's Chief Investment Strategist, Lance Roberts, CIO, w Senior Investment Advisor, Jonathan Penn, CFP Produced by Brent Clanton, Executive Producer ------- Do you enjoy our content? Rate us on Google: https://bit.ly/4b9JtEo ------- Watch Today's Full Video on our YouTube Channel: https://youtube.com/live/9KGokK9tGuA ------- Articles mentioned in this report: "Bonds In Your Portfolio: Why Ditching Them Is The Wrong Move" https://realinvestmentadvice.com/resources/blog/bonds-in-your-portfolio-why-ditching-them-is-the-wrong-move/ "AI Bear Case: What Skeptics Get Right And Wrong" https://realinvestmentadvice.com/resources/blog/ai-bear-case-what-skeptics-get-right-and-wrong/ "The Momentum Crash: Is It Over?" https://realinvestmentadvice.com/resources/blog/the-momentum-crash-is-it-over/ -------- Watch today's "Before the Bell" premarket commentary, "Markets Defy the Breakdown" https://youtu.be/Op2rlRHPdaU ------- Watch our previous show, "The Momentum Crash: Is It Over?" https://youtube.com/live/XLZMmL1p-H0 ------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- * REGISTER for our next Dynamic Learning Series, "Savvy Social Security Planning: More Income, Less Worry," Thursday, August 6, 2026: https://streamyard.com/watch/tQ3PS8hd64mt --- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN --- Subscribe to SimpleVisor : https://www.simplevisor.com/register-new --- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #StockMarket #SP500 #Investing #TechnicalAnalysis #RiskManagement #Bonds #PortfolioManagement #RetirementPlanning #AssetAllocation