The last few weeks have reminded investors that the market can go down as well as up (who knew?). Hedging can help protect a portfolio, and ETFs can help with that cause, but you're effectively picking your poison; some limit the potency of the hedge, others carry unforeseen costs. Joel and Eric sit down with self-described “ETF nerd” Michael Venuto of Toroso Investments to discuss the pros and cons of the various approaches, including volatility products, inverse funds, hedge fund strategies, gold, put options, treasuries and cash.

See omnystudio.com/listener for privacy information.