In this episode we answer emails from Paul, Greg and Stuart.  We discuss various portfolio visualizer analyses, correlations, Sharpe and Sortino ratios and issues pertaining to rebalancing. Links; Paul's Truncated Analysis:  https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&sl=3fTid2mNzw2PPRhYmjAGGz Longer Analysis with More Data:  https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&sl=2PBlJj89KNGhCiNBkCDMaV Larry Swedroe's Portfolio: ...

In this episode we answer emails from Mr. Klingon, Bob, MyContactInfo, and Ralph.  We discuss the Macro-Allocation Principle and Accumulation Portfolios, using a value-tilt for decumulation, the ins and outs of Monte Carlo simulations, Dr. Who and using gold in an accumulation portfolio. And THEN we our go through our weekly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio. Additional links: Monte Carlo Analysis of 80/20 Portfolio on Portfolio...

In this episode we answer emails from Allison, Kenny and Steve.  We discuss the methods and madnesses of financial media and the industry, modeling financial "experts" as hedgehogs and foxes, US dollars and debt, and correlations between treasury bonds and stocks, why portfolio income is just part of total returns and is not special, and incorporating managed futures into a Golden Ratio-style portfolios. Links: Duke Paper on Treasury/Stock Market Correlations:  delivery.php...

In this episode we answer emails from Kyle, Andy, Eric and Bluto.  We discuss datasets at Portfolio Visualizer, guidelines for making allocation changes in a portfolio generallly and with managed futures, managed futures funds DBMF, KMLM and CTA and distribution issues, and EconoMe Conference 2024. And THEN we our go through our weekly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio. Additional links: Father McKenna Center Donation Page: ...

In this episode we do our annual portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio and compare them with various commercial reference portfolios. And entertain a four-year old child and our adult offspring. Support the show

In this episode we answer emails from Slippery Steve, Keith, Brian, and Kyle.  We discuss a momentum allocation strategy called "the 12% Solution" and complex allocation strategies in general, preferred shares and preferred shares funds, notions about correlations from Rick Ferri's All About Asset Allocation book (pub. 2005 and 2010), putting the Simplicity Principle in it's proper context (not the first priority), and a fun listener-provided sound clip. Link: Father McKenna Center Donation...

In this rather short episode we answer emails from Ralph, Scott, Eric, the Mysterious Visitor 9575, and Steven.  We discuss my recent absence and predilections for silliness, a recent podcast from the Inflation Guy about safe withdrawal rates and coming updates to the website. Links: Inflation Guy Podcast Episode:  Ep. 92: Safe Withdrawal Rates - Accounting for Inflation | Cents and Sensibility: the Inflation Guy Podcast (podbean.com) Risk Parity Chronicles:  Risk Parity Chronicles Father...

In this episode we answer emails from Keith, Pete and Tim.  We discuss developments in factor-based investing, portfolio transitions, RMDs, the recent Cederburg paper (again) and what goes on Down Under.  And another visit from Lee-roy Jenkins. And THEN we our go through our weekly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio. Additional links: Father McKenna Center Donation Page:  Donate - Father McKenna Center Charity Navigator Score...

In this episode we answer emails from Jenzo, Priah and Matt.  We discuss a levered portfolio and tracking errors, the limitation of Scott Cederburg's latest academic paper, bootstrapping -- what it is and how it works --,  what "blend" means in factor-speak, and some pitfalls with Portfolio Visualizer's datasets, And also the upcoming EconoMe Conference in March 2024 with a discount code for our listeners, "riskparityradio": Links: EconoMe Conference:  EconoMe Conference - March 15th-17th,...

In this episode we return from hiatus to answer emails from Popeye, Clint and Mr. Klingon.  We discuss a JP Morgan report, giving to the Father McKenna Center, adventures with a bad planner-provided portfolio and how to fix it, and that cowbell known as small cap value. And THEN we our go through our weekly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio. Additional links: JP Morgan Reports:  Guide to the Markets | J.P. Morgan Asset...

In this episode we answer emails from Visitor 5970, Frank, Alexi (a/k/a "the Dude") and Paul.  We discuss the bond funds in the TSP, the Catching Up To FI podcast, Wealthfront's atrocious attempt at a risk parity fund and the Pinwheel Portfolio. And THEN we our go through our weekly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio. Additional links: TSP F Fund:  F Fund | The Thrift Savings Plan (TSP) Catching Up To FI podcast on YouTube: ...

In this episode we answer emails from Steve, Jeff and Kenny.  We discuss the complex foibles of Empower/Personal Capital portfolios and transitioning them. investing in gold and silver and tax treatments, and using the Vanguard Wellesley Fund as a model for very conservative investors. And THEN we our go through our weekly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio. Additional links: Rob Berger Video about Investing In Gold:  How to Buy...

In this episode we answer emails from William, Tyler and Builderman.  We discuss making changes in treasury bond fund allocations and the foibles of interest rate crystal balls, using the Portfolio Visualizer Monte Carlo simulator to model Golden Ratio style portfolios and musings about Iowa farmland and other family dynasty-type investments.  And we Fight, Fight, Fight for Iowa.  Errata:  I said "Large Cap Value" in the answer to Tyler's question when I meant "Large Cap Growth."  Doh! And...

In this episode we answer emails from Alexi (a/k/a "the Dude"), MyContactInfo and James.  We discuss a couple new ETFs, CAOS and AHLT, follow up on earlier discussions about retirement calculators and investing in long term treasury bonds (VGLT and EDV). And THEN we our go through our weekly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio. Additional links: CAOS on Morningstar:  CAOS – Alpha Architect Tail Risk ETF – ETF Stock Quote |...

In this episode we answer emails from Mark, Mark and Cody.  We discuss what first Mark learned by investigating JEPI, the history of investing in gold over the past 100 years and how that may affect the data, and potential data limitations in Portfolio Visualizer on very long Monte Carlo simulations. Bonus Links: The Mysterious London Gold Pool:  London Gold Pool - Wikipedia Gold Mining Shares In the Great Depression:  Gold Stocks Were Financial Saviors During The 1930s | Gold Eagle...

In this episode we answer questions from BuilderMan, Drew and MyContactInfo.  We discuss how to incorporate farmland and other illiquid, income-producing assets in retirement expense planning, the perilous process of trying to manage a portfolio based on expert picks -- here, Ray Dalio -- and why venture capital may not be so smart. And then we discuss the new Risk Parity Chronicles Monthly Roundup and a rebalancing of the Accelerated Permanent Portfolio sample portfolio. And we sing the...

In this episode we answer questions from Jeff, Geordi and Eames.  We discuss wrangling with a Fidelity advisors and assorted salespeople, the difference between naïve or static portfolio construction versus using crystal balls for that purpose, a modified Golden Ratio-style portfolio, the pitfalls of buy-write funds like JEPI and BALI and a small issue with the website. And THEN we our go through our weekly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk...

In this episode we answer emails from MyContactInfo, Kyle and Eric.  We discuss the pitfalls of retirement tools with help from Newman,  Bob Ross and a contribution question and our old semi-nemesis, TIPS. Link: Bill Bernstein TIPS Ladder Article:  Riskless at Age 104 - Articles - Advisor Perspectives Support the show

In this episode we answer emails from Dave and Kanembou (from Chad).  We discuss the ins and outs of various data sets (as opposed to crystal balls), choosing a portfolio based on aggressiveness or conservativeness, related safe withdrawal rate issues and Donor Advised Funds. And THEN we our go through our weekly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio. Additional links: Portfolio Charts Portfolio Matrix Tool:  PORTFOLIO MATRIX –...

In this jam-packed episode we answer questions from Luke, Ethan, and Garry.  We discuss a modified Golden Butterfly portfolio, some meta-withdrawal strategy ideas and concepts, a process for deciding what to do with oneself, small-cap vs. small-cap value investments, some esoteric international tax issues and the new QQQY gambling problem fund.  And throw in some Tom Waits to boot. Links: Portfolio Charts Portfolio Matrix Tool:  PORTFOLIO MATRIX – Portfolio Charts Five Regrets of the...

In this episode we answer an email from Jeffrey about the "4% Rule".  We discuss its origins, its three parameters (portfolio construction, time frame, and withdrawal mechanism), how it works, what it means and doesn't mean, its uses and misuses and how to make adjustments to improve your own outcomes. And THEN we our go through our weekly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio.   We have a rebalancing of the Levered Golden Ratio...

In this episode we answer emails from Brown, Justin, MyContactInfo and an Anonymous Trending Value Investor.  We discuss investing in baskets of property & casualty insurance companies for effective diversification, what's happening at Risk Parity Chronicles, general thoughts about brokerages for DIY investors and an assortment of leveraged momentum-based strategies. Links:  Walk4McKenna:  Walk4McKenna - Father McKenna Center KBWP Portfolio:  KBWP – Portfolio – Invesco KBW Property...

In this episode we answer emails from Owen, Jeff and Will.  We discuss the commonly believed misinformation about TIPS, the ins and outs of quality dogs and investing principles, and talk about backtesting data and how it is used and misused. And THEN we our go through our weekly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio.   We have a rebalancing of the Levered Golden Ratio portfolio. Additional links: Bloomberg Presentation on How...

In this episode we answer emails from Graham, Hydromod and Katie.  We discuss a couple new funds from Avantis, AVGE and AVGV, and creating a portfolio with those and RSBT, Hydromod's Okay Adventure portfolio management techniques with a levered risk parity style portfolio, and Katie's questions about buying a house with her partner.  And we make fun of our children, Squidward and Patrick. Links: Walk4McKenna:  Walk4McKenna - Father McKenna Center AVGE Fund Review:  AVGE ETF Review -...

In this episode we answer emails from Justin of Risk Parity Chronicles and Chris.  We discuss Justin's new blogpost and a new fund that mixes stocks and managed futures, RSST, and follow up on Episode 288 with some useful references from Chris. And THEN we our go through our weekly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio.   We have a rebalancing of the Levered Golden Ratio portfolio. Additional links: Justin's Blog Post:  Quick...