In a world where inflation, currency debasement, and geopolitical shocks threaten portfolios, what if you could keep your core equity exposure and add the asymmetric upside of Bitcoin and the timeless stability of gold—without triggering investor panic or selling winners? In this episode, host Pierre Daillie sits down with Mike Philbrick, CEO at ReSolve Asset Management, co-founders, along with Newfound Research, of the Return Stacked ETFs Suite, to unpack a strategy that’s been in the institutional playbook for decades but is now accessible to everyday investors: return stacking. Against today’s backdrop of persistent inflation, volatile markets, and shifting perceptions of alternative assets, Philbrick explains why gold and Bitcoin are moving from “fringe” to “foundational” in modern portfolios—and how the RSSX ETF offers a disciplined, behaviorally resilient way to integrate them without sacrificing the stocks and bonds investors know and trust. From the behavioral traps that cause investors to abandon diversifiers at the worst moments, to the portfolio math that shows how modest allocations can improve returns and reduce risk, this conversation delivers both the “why” and the “how” of strategic diversification. Philbrick also addresses the shifting reputational risk for advisors—from owning Bitcoin to not owning it—and the growing regulatory clarity that’s opening the floodgates for institutional adoption. Whether you’re an advisor, allocator, or investor who wants to strengthen a core portfolio without selling winners, this episode offers a blueprint for adding crisis alpha before the next crisis hits. 4 Key Takeaways:
• From Fringe to Foundational: Gold’s centuries-old role as a store of value and Bitcoin’s fixed-supply, asymmetric upside make them compelling diversifiers in today’s inflationary, volatile environment.
• Behavioral Risk Management: Return stacking helps avoid the tracking error and emotional selling that often plague diversifier allocations.
• RSSX Structure: The ETF delivers 100% S&P 500 exposure plus an 80/20 gold-Bitcoin overlay, equal risk-weighted to manage volatility and rebalanced for efficiency.
• Shifting Reputational Risk: Advisors now face greater professional risk in not understanding or allocating to Bitcoin and gold than in owning them—especially as regulatory clarity improves.
Timestamps:
00:00 – Why uncorrelated assets matter now
02:00 – Gold and Bitcoin as strategic, not just tactical, diversifiers
04:30 – Behavioral challenges of sticking with diversifiers
06:00 – Return stacking explained: adding without selling
08:00 – Volatility context: stocks, gold, Bitcoin
10:00 – Inside the RSSX ETF structure and allocation
12:00 – Implementation examples for advisors and investors
14:00 – Rebalancing mechanics and volatility adjustments
15:30 – Diversifying before the crisis, not after
17:00 – Small starts and building from a position of strength
19:00 – Institutional adoption trends and parallels
21:00 – Reducing tracking error and client friction
22:00 – The reputational risk shift for advisors
23:30 – Regulatory clarity and institutional green lights
24:30 – The mission: improve outcomes without sacrificing core equity engines
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🧠 Learn more at: https://returnstacked.com
📘 Read more at: https://investresolve.com
📊 ETFs: RSSX (Stocks + Gold & Bitcoin)
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