New Frontier's Michaud: The 60/40 portfolio still works, but differently

Robert Michaud, chief investment officer at New Frontier Advisors, says that reports on the death of the classic 60 percent stocks/40 percent bonds portfolio are greatly exaggerated, although he notes that the types of stocks and bonds that make up each part of the allocation are changing to keep pace with lower-for-longer interest rates and the changing stock market picture. Also on the show, David Trainer of NewConstructs.com takes on another company that has been getting a lot of pre-IPO buzz in the Danger Zone, Melanie Lieberman of ThePointsGuy.com discusses what many consumers want to see before they travel in a post-pandemic world, and Lamar Villere of the Villere Funds talks stocks in the Market Call.