Cum construim un portofoliu eficient în context inflaționist? Discuție cu Corneliu Perianu

We live in a period full of economic challenges, in which inflation remains extremely "sticky", and the money supply is growing aggressively. In this context, classic investment strategies seem outdated. How do we protect our money? Does the famous 60/40 rule still work? What is really happening in the S&P 500 and how can we access top global managers directly from Romania? Find out all the answers in an exceptional macro analysis. 🧠 What you will learn in this video: What is IFonduri: Details about the new MiFID 2 license brought for the first time in Romania and how it offers local investors direct access to global giants such as Amundi, Fidelity, Franklin Templeton or Schroders. The hard X-ray of the Romanian investor: Why are we stuck in a "cultural bias" on local assets and what the official data from Q1 2026 tell us about retail portfolios from BVB. S&P 500 Pitfalls: Massive Concentration Risk in Mega-Companies (Max 7) and Why Growth Companies Bring Turbulent Post-IPO Corrections. The Death of the Passive Buy & Hold Strategy: Why the Classic Model is No Longer Enough and How to Prepare for a Potential “Lost Decade”. What are Active ETFs: The Innovative Concept that Combines the Low Costs of an ETF with the Flexibility of Dynamic Management. Hidden Gems in 2026: Forgotten Opportunities in Emerging Markets (South Korea, Taiwan) and Effective Geographic Diversification. ⏱️ Video Chapters (Timestamps): 0:00 - Introduction: Summer Edition & Guest Corneliu Perianu 0:40 - What is IFonduri? The new MiFID 2 license in Romania 1:52 - Access to the world's largest asset managers (Amundi, Fidelity, Schroders) 2:32 - The local market problem: Lack of diversification and domestic assets 3:30 - The US context: High-Tech, ETFs and concentration risk (Max 7) 6:03 - Growth companies and post-IPO turbulence (Price Discovery) 7:08 - The dark statistics of IPOs: 50% declines in the first year 8:57 - Currency risk (Euro/Dollar) for the Romanian investor 9:59 - The importance of investment advice vs. Influencer Inflation 10:57 - Global Black Swans: Oil, Gold, and Market Immunity 11:35 - Growing M3 Money Supply and the Risk of Bubbles 12:32 - BVB Reality: Official Figures from Q1 2026 (Real Value of Portfolios) 14:41 - Capex Spending in Big Tech: Is AI a Bubble or an Industrial Revolution? 16:20 - The Resilience of the US Economy to Macro Shocks 19:18 - Why Are Americans Investing Massively Outside the United States? 21:20 - Opportunities in Emerging Markets (South Korea, Taiwan) 22:44 - How to discover those geographical and thematic "Hidden Gems" 23:38 - US macro data (NFP, Core PCE) and the traps of inflation 27:25 - How to build an efficient portfolio? (Why the 60/40 rule is dead) 29:16 - Stock allocation: The "110 minus age" formula 31:40 - Is a lost decade (Lost Decade) in the US stock market ahead? 33:07 - What are Active ETFs and how do they work? 34:55 - Conclusions and conclusions of the summer edition ⚠️ Important disclaimer: The information presented in this video reflects exclusively the personal opinions of the filmmakers and the guest and is for purely informative and educational purposes. This video does NOT constitute investment advice, recommendations to buy or sell financial instruments, or solicitations to trade on stock exchanges. Investing in capital markets involves significant risks of loss of capital. Carefully study the products before investing.