Not all alternatives are created equal. Roger Aliaga-Díaz, Vanguard’s Global Head of Portfolio Construction and Chief Economist for the Americas, and Del Stafford, Head of Advice and Wealth Solutions, bring a portfolio-driven lens to gold, cryptocurrency and private markets—separating genuine benefits from hype. The goal: helping investors ask the right questions before venturing beyond the core.All investing is subject to risk, including the possible loss of the money you invest. Diversification does not ensure a profit or protect against a loss.