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Podcast: Money Life with Chuck Jaffe
Episode: Strategist McDonald says you need a 'different portfolio' to profit in next decade
Description: Market strategist Lawrence McDonald, creator of The Bear Traps Report, says that conditions have changed to where investors will need "an entirely different portfolio ... and an entirely different investment philosophy" than you used in the last decade to be profitable in the next 10 years. He expects a rotation from growth stocks to value stocks, and says that industrials, materials and oil and gas companies will become a much bigger part of the market -- driving returns in the process -- in the next decade.Also on the show, Todd Rosenbluth, head of research at VettaFi, turns to a new...