In this episode, we answer emails from Brad, the Mysterious Visitor #6369, Robyn, Zach and Young about thanks, TIPs, TLT and leveraged bond funds. Then we complete our analysis of the SPDR Long Term Corporate Bond Fund, SPLB, using David Stein's Ten Questions to Master Investing: 1. What is it? 2. Is it an investment, a speculation, or a gamble? 3. What is the upside? 4. What is the downside? 5. Who is on the other side of the trade? 6. What is the investment vehicle? 7. What does it take to be ...
Apr 28, 2021•21 min•Season 1Ep. 78
In this episode we go through the basics about the taxation of ordinary brokerage accounts at an elementary level and answer questions from Brian and Jamie about taxation of intermediate savings and tax location approaching retirement. Links: Tax Schedules for Ordinary Income: 2021 Tax Brackets and Other Tax Changes (investopedia.com) Long-Term Capital Gains Information and Tax Schedules: Capital Gains Tax 101 (investopedia.com) Bogleheads on Investing Episode 032: Phil DeMuth, host Rick Ferri (...
Apr 26, 2021•31 min•Season 1Ep. 77
In this episode we answer a question from Melissa about a Merriman Four-Fund Combo Portfolio, a question from Tony about a whole lot of stuff and then move to our weekly portfolio reviews of the sample portfolios you can find at The Risk Parity Radio Portfolios Page Additional Links: Merriman Retirement Portfolio: 6 Steps to the Ultimate Retirement Portfolio | Paul Merriman Analysis Tweaking The Merriman Portfolio: Backtest Portfolio Analysis (portfoliovisualizer.com) Long Term Treasuries/Stock ...
Apr 24, 2021•38 min•Season 1Ep. 76
In this episode, we answer a question from Mark about preparing for his impending retirement and begin our analysis of the SPDR Long Term Corporate Bond Fund, SPLB, using David Stein's Ten Questions to Master Investing: 1. What is it? 2. Is it an investment, a speculation, or a gamble? 3. What is the upside? 4. What is the downside? 5. Who is on the other side of the trade? 6. What is the investment vehicle? 7. What does it take to be successful? 8. Who is getting a cut? 9. How does it impact yo...
Apr 22, 2021•26 min•Season 1Ep. 75
In this action-packed bonus episode we answer listener questions from Javen, Tim, Julie, Don and Jacob about an experimental portfolio, valuation metrics and academic studies on risk parity, variations on the Risk Parity Ultimate sample portfolio, highly correlated meat products and total bond funds. Relevant Links: Javen S XVZ link: How Does Barclays’ XVZ ETN Work? | Six Figure Investing Javen S Portfolio Backtest: Backtest Portfolio Asset Allocation Berkeley Academic Paper: risk parity111111.p...
Apr 20, 2021•34 min•Season 1Ep. 74
We begin this episode by answering questions from Claudia, Jane and Richard, about bond tents, Roth IRAs for teenagers and long-term treasury bonds, then set up for a couple new episodes to be made in the future with Jason and Erik, and then moving to our weekly portfolio reviews of the sample portfolios you can find at The Risk Parity Radio Portfolios Page Additional links: Michael Kitces Bond Tent Article: The Portfolio Size Effect And Optimal Equity Glidepaths Early Retirement Now Data Sets: ...
Apr 18, 2021•29 min•Season 1Ep. 73
We begin this episode with two emails from Maggie and Dominic and then move on to the second half of an analysis of the ETF IVOL, the Quadratic Interest Rate Volatility and Inflation Hedge ETF, as suggested by listener Boone B. For the analysis, we use David Stein's Ten Questions to Master Investing: 1. What is it? 2. Is it an investment, a speculation, or a gamble? 3. What is the upside? 4. What is the downside? 5. Who is on the other side of the trade? 6. What is the investment vehicle? 7. Wha...
Apr 14, 2021•20 min•Season 1Ep. 72
In this episode we take in emails from Anita, Ethan, Julie, Jeff and Ron and discuss structured products, small-cap value funds, using risk-parity portfolios for intermediate goals and experimenting with leveraged portfolios and bitcoin. And THEN we have our weekly portfolio review of the portfolios you can find at The Risk Parity Radio Portfolios Page Additional links: Correlation matrix of small-cap funds: Small Cap Asset Correlations Assorted Portfolios With And Without Leverage At Optimized ...
Apr 10, 2021•32 min•Season 1Ep. 71
We begin this episode with our monthly rant -- this time about crystal balls and the CAPE ratio and the move on to the first half of an analysis of the ETF IVOL, the Quadratic Interest Rate Volatility and Inflation Hedge ETF, as suggested by listener Boone B. For the analysis, we use David Stein's Ten Questions to Master Investing: 1. What is it? 2. Is it an investment, a speculation, or a gamble? 3. What is the upside? 4. What is the downside? 5. Who is on the other side of the trade? 6. What i...
Apr 07, 2021•31 min•Season 1Ep. 70
In this mailbag extravaganza we tackle questions and comments about podcast humor, intermediate-term investing with the Golden Ratio portfolio, tax-loss harvesting, bonds and dogs and cats living together, AND do our weekly and monthly portfolio reviews of the the sample portfolios you can find at Sample Portfolios | Risk Parity Radio Additional links: Asset Correlation Calculator: Asset Correlations (portfoliovisualizer.com) Money For The Rest Of Us Podcast About Bonds: Why in the World Would Y...
Apr 03, 2021•31 min•Season 1Ep. 69
In this episode we follow up on Episodes 64 and 66 by applying a process with which to approach retirement to listener Chuck H's situation. Links to help you with your retirement portfolio issues: The Best Free Retirement Spending Calculator: RETIREMENT SPENDING – Portfolio Charts Income Tax Brackets for 2021: 2021 Tax Brackets and Other Tax Changes (investopedia.com) Capital Gains Tax Brackets for 2021: Capital Gains Tax (investopedia.com) Qualified Dividends Info: Qualified Dividend Definition...
Mar 31, 2021•46 min•Season 1Ep. 68
We respond to emails from Christopher B, Jeff B and Mark B, and then dive into our weekly reviews of the sample portfolios you can find at Sample Portfolios | Risk Parity Radio Additional links: Correlation Analysis of VIOV and VBR: Small Cap Value Correlation Analysis Portfolio Comparisons of Experimental Portfolios with S&P 500 and NASDAQ: Backtest Portfolio Analysis Hoisington Newsletters: Economic Overview (hoisington.com) 30-year history of interest rates: The Bond Strategist Homepage M...
Mar 27, 2021•22 min•Season 1Ep. 67
In this episode we follow up on Episode 64 regarding the difference between Risk and Uncertainty and why Rules of Thumb are good for portfolio construction in an Uncertain World. With some help from Mad Max. Links: Bill Bengen's Original1994 Article About The 4% Rule: Bengen Article Episode 49 re the Bias-Variance Dilemma or Tradeoff: RPR Podcast Episode 49 Episode 7 re our Three Principles of Portfolio Construction: RPR Podcast Episode 7 Support the show...
Mar 23, 2021•23 min•Season 1Ep. 66
We answer a question from a listener about cash in the Sample Portfolios and then do our weekly portfolio review of the sample portfolios you can find at Sample Portfolios | Risk Parity Radio Link to Hedgeye/nine interviews (this link will change or expire): Hedgeye Link to the Michael Kitces article about rebalancing: Optimal Rebalancing – Time Horizons Vs Tolerance Bands (kitces.com) Support the show...
Mar 20, 2021•22 min•Season 1Ep. 65
In this episode we read Chuck And Tim's emails and then discuss some questions that Tim has about TLT, bonds and accumulation portfolios. We also begin a discussion of the concepts of Risk versus Uncertainty and how rules of thumb are useful when the future is uncertain. Professor Gerd Gigerenzer on Heuristics and Uncertainty: Gerd Gigerenzer - heuristics - YouTube Paul Merriman podcast on 50 years of drawdowns at various rates: Fixed contributions 2021 updated | Paul Merriman Support the show...
Mar 17, 2021•26 min•Season 1Ep. 64
In this episode, we answer a question from Craig, re-introduce the podcast to some of our new listeners and do our weekly portfolio review of the sample portfolios you can find at Portfolios | Risk Parity Radio Here are the two links from Brandy to the SEC filings we mentioned in answering the question from Craig: WT Emerging Markets Efficient Core Fund WT International Efficient Core Support the show...
Mar 13, 2021•22 min•Season 1Ep. 63
In this episode we talk about a email from listener Tommy V. about RPAR, do a little rant about FOMO investing and conduct our weekly portfolio review of the portfolios you can find at: https://www.riskparityradio.com/portfolios Links: Tommy V's article about RPAR: https://seekingalpha.com/amp/article/4408481-rpar-risk-parity-etf-diversified-holdings-unique-hedge-fund-strategy Episode 31 re RPAR: Episode 31 Ben Felix video about the ill-fated history of Chasing Hot Fund Managers: https://youtu.b...
Mar 06, 2021•21 min•Season 1Ep. 62
In this episode we complete our analysis of NTSX, the WisdomTree 90/60 U.S. Balanced Fund, using David Stein's Ten Questions to Master Investing: 1. What is it? 2. Is it an investment, a speculation, or a gamble? 3. What is the upside? 4. What is the downside? 5. Who is on the other side of the trade? 6. What is the investment vehicle? 7. What does it take to be successful? 8. Who is getting a cut? 9. How does it impact your portfolio? 10. Should you invest? Links: WisdomTree 90/60 Balanced Fund...
Mar 03, 2021•23 min•Season 1Ep. 61
This is our weekly portfolio review of the portfolios you can find at: https://www.riskparityradio.com/portfolios Support the show
Feb 28, 2021•20 min•Season 1Ep. 60
In this episode we begin an analysis of NTSX, the WisdomTree 90/60 U.S. Balanced Fund, using David Stein's Ten Questions to Master Investing: 1. What is it? 2. Is it an investment, a speculation, or a gamble? 3. What is the upside? 4. What is the downside? 5. Who is on the other side of the trade? 6. What is the investment vehicle? 7. What does it take to be successful? 8. Who is getting a cut? 9. How does it impact your portfolio? 10. Should you invest? Links: WisdomTree 90/60 Balanced Fund Inf...
Feb 25, 2021•14 min•Season 1Ep. 59
This is our weekly portfolio review of the portfolios you can find at: https://www.riskparityradio.com/portfolios We also discuss the Risk Parity Ultimate Portfolio, which was first discussed in depth in Episode 11. Link to Portfolio Visualizer Analysis: Risk Parity Ultimate Asset Allocation Analysis Support the show...
Feb 21, 2021•22 min•Season 1Ep. 58
In this episode we discuss a "guest request" email I received and complete our analysis of the managed futures fund DBMF that we began in Episode 55. David Stein's Ten Questions to Master Investing: 1. What is it? 2. Is it an investment, a speculation, or a gamble? 3. What is the upside? 4. What is the downside? 5. Who is on the other side of the trade? 6. What is the investment vehicle? 7. What does it take to be successful? 8. Who is getting a cut? 9. How does it impact your portfolio? 10. Sho...
Feb 18, 2021•19 min•Season 1Ep. 57
This is our weekly portfolio review of the portfolios you can find at: https://www.riskparityradio.com/portfolios We also consider three variations of the Golden Ratio Portfolio and compare them with the Vanguard Wellington Fund. For more on the Golden Ratio portfolio, check out Episodes 6 and 38. Portfoliovisualizer Analysis: https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&mode=1&timePeriod=2&startYear=1972&firstMonth=1&endYear=2021&lastMonth=12&a...
Feb 14, 2021•23 min•Season 1Ep. 56
In today's episode we answer some questions from Jason P. about setting up a risk-parity style portfolio at M1 and then follow up on our discussion of the Dragon Portfolio (Episode 53) with part one of an analysis of Managed Futures Fund DBMF. Modified Golden Ratio Portfolio With SHY: Portfolio Visualizer Analysis (portfoliovisualizer.com) David Stein's Ten Questions to Master Investing: 1. What is it? 2. Is it an investment, a speculation, or a gamble? 3. What is the upside? 4. What is the down...
Feb 11, 2021•27 min•Season 1Ep. 55
This is our weekly portfolio review of the portfolios you can find at: https://www.riskparityradio.com/portfolios We also compare the Golden Butterfly portfolio with a David Swensen portfolio. For more on the Golden Butterfly, check out Episodes 4, 15, 17 and 36. Links: Swensen Portfolio: https://portfoliocharts.com/portfolio/swensen-portfolio/ Comparison Analysis: https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=2&startYear=1985&firstMonth=1&endYear=2021&...
Feb 07, 2021•21 min•Season 1Ep. 54
It's that time again! This month's rant is dedicated to the memory of George Santayana, who said: "Those who do not remember the past are condemned to repeat it." We also begin a discussion of Chris Cole's "Dragon Portfolio." Links: "Hawk And Serpent" Paper from Artemis Capital: https://artemiscm.docsend.com/view/taygkbn Interview of Chris Cole About the Dragon Portfolio: https://youtu.be/SkfgEZtJ9LA Support the show...
Feb 03, 2021•30 min•Season 1Ep. 53
This is our weekly portfolio review of the sample portfolios you can find at: https://www.riskparityradio.com/portfolios Since it is also the end of the month, we discuss distributions for the sample portfolios as well. We also tackle a listener question about constructing a risk-parity style portfolio with a limited set of options. To hear more about the Macro-Allocation Principle, listen to Episodes 7 and 37. Support the show...
Jan 31, 2021•28 min•Season 1Ep. 52
In this episode we answer a question from Luke S. about the accumulation phase and one from Matt R. about the Experimental Portfolios. Links: Portfolio Charts Analyzer Tool: https://portfoliocharts.com/portfolio/my-portfolio/ Note that we used a 25% savings rate when we ran our calculations. The Fortress of Solitude Movie Clip (explicit): https://www.youtube.com/watch?v=rJjKP8vYjpQ Sample Portfolios Page: Portfolios | Risk Parity Radio Support the show...
Jan 27, 2021•26 min•Season 1Ep. 51
This is our weekly portfolio review of the portfolios you can find at: https://www.riskparityradio.com/portfolios Sorry it's just a short one! Support the show
Jan 22, 2021•7 min•Season 1Ep. 50
Today we tackle two questions. Chris wants to drawdown an inherited IRA. Tommy wants to know about the use of correlations in Risk Parity analyses. Links: RPAR Managers Interview: https://youtu.be/vCiPDIB6TWg Bridgewater Strategy Paper (see page 8 for quadrant map): http://sdcera.granicus.com/MetaViewer.php?view_id=4&clip_id=75&meta_id=9141 Explanation of the Bias-Variance Tradeoff: https://elitedatascience.com/bias-variance-tradeoff Support the show...
Jan 20, 2021•26 min•Season 1Ep. 49
