The David Lin Report Trump's New Executive Order Will Change Retirement Plans Forever | Shana Sissel
Aug 11, 2025
Shana Sissel, Founder and CEO of Banrion Capital and known as the queen of alternatives, reveals the shift towards alternative investments like private credit and cryptocurrencies in retirement plans. She discusses Trump's new executive order that allows these assets in 401(k)s, emphasizing benefits and potential hurdles. Sissel recommends allocating 20% of portfolios to diversify and manage risk effectively. The conversation also touches on the implications of mainstream crypto adoption and the evolving landscape of sports investments.
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What Counts As Alternatives
- Alternatives are anything not long-only equity or fixed income.
- They include long-short, leverage, options, private placements, real estate and many other strategies.
Private Credit Is A Major Market
- Private credit rivals public credit in size and importance.
- It funds firms that stay private longer and fills lending gaps left by banks.
401(k) Access Faces Operational Hurdles
- The executive order opens discussion but lacks required clarity for plan sponsors.
- Address subscription, suitability, fees and liquidity before adding private placements to 401(k)s.