In this episode of Stock Spotlight, I’m joined by Blake Fischer, an independent investment advisor and fellow investor, to discuss how to build a portfolio you can actually stick with through different market environments. We explore the evolution from stock picking to portfolio construction, why diversification may be making a comeback after a decade dominated by U.S. mega-cap growth and how investors should think about assets like bonds, gold, international equities and managed futures.

We also dive into the often-overlooked role of investor psychology. Blake shares insights from working with clients across different stages of life, explaining why the “optimal” portfolio on paper is often very different from the portfolio someone can realistically hold through market volatility. Whether you're a new investor sitting on excess cash, a stock picker looking to improve diversification, or someone thinking more seriously about long-term wealth preservation, this conversation offers practical frameworks for building a portfolio that balances return potential with peace of mind.

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00:00 Intro

02:29 Blake's Investing Background

11:29 Why Diversification Matters Again

15:24 What "All Weather" Actually Means

19:39 Traditional Diversifiers

41:12 Managed Futures & Trend Following

46:30 Portfolio Construction Philosophy

49:20 Closing Thoughts

56:10 Outro

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Intro Music: Andrey Rossi – Seize the Day

Outro Music: Ra – Prospect

*Music provided by Uppbeat Premium

Follow me on X: @invest091

Follow Blake on X: @DDBlakeFischer

Listen on YouTube: https://www.youtube.com/@stockspotlightpodcast

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Disclosure: The host of Stock Spotlight is not a licensed financial advisor. The information and opinions shared during the show are for entertainment purposes only.