In this episode we discuss an investigation and penalties assessed against TIAA for malfeasance in managing client accounts and then we answer emails from Adam, Brian, Andy, and Bennie. We discuss short-term draw-down strategies, volatility and correlation theory, margin accounts and leverage funds, and automated investing. RANT subject article: TIAA to Pay $97M for Pressuring Investors Into Rollovers | ThinkAdvisor And here is the rest of the text of Brian's email: "Below is a simple numbers ex...
Jul 14, 2021•34 min•Season 1Ep. 107
In this episode, we answer emails from Jon, Toby, Dale and Andrew about intermediate portfolios, adjustments to gold in portfolios, value investing vs. broader diversification, market timing, financial coaching and how to incorporate I-Bonds. Then we go to our weekly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio And we drop a few crystal balls on the pavement of reality and see what happens. Link to Choose FI Sample Portfolios Page: M1 Pies: Mana...
Jul 12, 2021•33 min•Season 1Ep. 106
In this episode we answer emails from Peter, Darren and Paddi about sequence of return risk of Risk Parity style portfolios versus cash-drag portfolios, correlations among U.K. and European ETFs, gilts, Vanguard ISA selections, U.S. versus global portfolios, glide paths, the Macro-Allocation principle, valuing real estate in a retirement portfolio, an Amex privileged assets account, the Golden Ratio portfolio and gold ETFs. And the Atlanta Highway. Links: Portfolio Charts Heat Map: HEAT MAP – Po...
Jul 07, 2021•44 min•Season 1Ep. 105
In this episode we answer emails form Eric, Chas, Rick, Mike and Grant about Canadian stuff, using margin, transition timing, and inverse stock funds. And THEN we do our weekly and monthly portfolio reviews of the SEVEN sample portfolios at Portfolios | Risk Parity Radio . Additional links: Portfolio Charts Fund Finder: FUND FINDER – Portfolio Charts Portfolio Charts Retirement Spending Calculator: RETIREMENT SPENDING – Portfolio Charts Interview of Me on a Scottish podcast: Superb Diamond Rang...
Jul 04, 2021•36 min•Season 1Ep. 104
In this episode we introduce a new sample portfolio on our portfolios page at Portfolios | Risk Parity Radio . The Levered Golden Ratio is a leveraged portfolio that contains stocks, treasury bonds, gold, a REIT, a volatility fund and a smidgen of crypto-related funds. It will be the seventh sample risk-parity style portfolio. Additional Links: Portfolio Visualizer Backtest: Backtest Portfolio Asset Allocation (portfoliovisualizer.com) Correlation Matrix: Asset Correlations (portfoliovisualizer....
Jul 01, 2021•15 min•Season 1Ep. 103
In this episode we answer emails from Andrew and Karen, Nick, Chris and Brandon. We discuss ETF expenses, an article about treasuries that misuses data in favor of a Crystal Ball, the Holy Grail principle, vectors and volatility, rebalancing and Vanguard mutual funds. Here are the links: Referenced Article: iShares ETF TLT: No Reason To Buy Long-Term Treasuries At Rock-Bottom Yields | Seeking Alpha 2021 Correlation Analysis of TLT, SPY and VIOV: Asset Correlations (portfoliovisualizer.com) Bond ...
Jun 30, 2021•30 min•Season 1Ep. 102
In this episode we thank Mathew G for his support, answer emails from EJ, Greg, Nathan, Scott and David and do our weekly portfolio reviews of the sample portfolios you can find at Portfolios | Risk Parity Radio . We discuss EDV, alternatives to gold in the Golden Butterfly, my investing history, accumulation portfolios and the portfolio shift at retirement. Errata: I said "1.5%" when I meant "1.5 times" in the discussion of EDV and TLT and the insurance ETF mentioned is KBWP. Additional links: ...
Jun 27, 2021•42 min•Season 1Ep. 101
In this episode we answer emails from Randy, Mike, Ed, Javen, Boone, Jamie and Glenn. We address the sample portfolio distribution rules, long-term treasury bonds and crystal balls, a proposed portfolio, the ETF BTAL, rebalancing rules, volatility funds and cheaper alternatives to TLT. Extra-added bonus link: Optimal Rebalancing – Time Horizons Vs Tolerance Bands (kitces.com) Support the show...
Jun 25, 2021•27 min•Season 1Ep. 100
In this episode we analyze the Direxion Auspice Broad Commodity Strategy ETF, ticker symbol COM, using David Stein's Ten Questions to Master Investing, which are: 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? Additional Links: CO...
Jun 22, 2021•15 min•Season 1Ep. 99
In this episode we answer emails from JB, Brian E, Beat, Lauren, PD and Brad about a TSP conundrum, data for back-testing, the Dragon Portfolio, bowing to your sensei, maximizing withdrawals and using risk parity-style portfolios for intermediate goals. Then we proceed with our weekly portfolio reviews of the sample portfolios you can find at Portfolios Page| Risk Parity Radio Additional links: Big Ern's Google Data Sheet: EarlyRetirementNow SWR Toolbox v2.0 - save your own copy before editing! ...
Jun 20, 2021•35 min•Season 1Ep. 98
In this episode we address emails from Matt, Craig, Drew, Jeff, and Bill about Homestar Runner sound clips, ETF expense ratios, the psychology of decumulation, portfolio visualizer tools, and my limitations. We also discuss a recent interview of Bill Bengen and the new portfolios page at ChooseFI. Links: Investopedia Article re ETF fees: How Are ETF Fees Deducted? (investopedia.com) FI Show Interview of Bill Bengen: How the 4% Rule is Changing | Bill Bengen - The FI Show ChooseFI M1 Portfolios P...
Jun 16, 2021•27 min•Season 1Ep. 97
In this episode, we answer emails from Erin, Eric, Matt, Davis, Brian, UK, Peter, and Gregory. We discuss half-way-there portfolios and Canadian TV, the Pinwheel Portfolio (briefly), when it makes sense to have multiple portfolios, Millennial intermediate investment strategies, statistical formulas and cash drags, FNBGX, process issues with retirement portfolios, leveraged funds, gold, international equities, portfoliocharts and limit orders. Yeah, Baby, Yeah! And then we proceed to our weekly r...
Jun 13, 2021•48 min•Season 1Ep. 96
In this episode we address the Insidious and Insipid Propaganda Campaign of "National Annuity Awareness Month" that is currently plaguing us with coloring books and stickers, among other obscenities. And then we address emails from Leah (x2), Brian, Tony, Jeffrey and Steven about REITs and money market funds in the Golden Ratio portfolio, leveraged fund portfolios, dynamic asset allocation, the etf TAIL and Strongbad. Links: Dynamic Asset Allocation article: Dynamic Asset Allocation Definition (...
Jun 11, 2021•36 min•Season 1Ep. 95
In this episode we answer emails from Richard, Kyle, Chris and two Brians. We discuss Richard's portfolio, using NTSX for smaller amounts of leverage, a 90% stock portfolio, PFFD vs. PFF and a TIPs redux. After that we proceed to our weekly reviews of the six sample risk-parity style portfolios you can find at Portfolios | Risk Parity Radio Additional Links: Richard's Portfolio vs. Modified Golden Ratio Analysis: Backtest Portfolio Asset Allocation (portfoliovisualizer.com) NTSX Sample Portfolio...
Jun 06, 2021•32 min•Season 1Ep. 94
In this episode we answer emails from Bastian, Patrice, Jeff and Keith, about investing in Sweden and currency issues, Fundrise, a troublesome annuity product in a 403b and a managed futures reference. Then we proceed with an analysis of I-bonds from the U.S. Government 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 in...
Jun 02, 2021•26 min•Season 1Ep. 93
In this episode I make an announcement about my willingness to do financial coaching and address emails from Randy, Kristen, Freya, Kyu, TK, Davis, Robyn and Iveta. We discuss UPRO, my quirky sense of humor, commodities funds, safe and perpetual withdrawal rates, gliding into retirement with a Fortress of Solitude, multi-factor ETFs, All Seasons portfolio as an emergency fund and compared with VASIX, and my limitations (on guests). Links: UPRO Holdings: ProShares UltraPro S&P500 | UPRO | Dai...
Jun 01, 2021•37 min•Season 1Ep. 92
In this episode we answer questions from Rune, Patrice, Franklin and Jeff about coasting in to retirement, the key differences between 100% equity and risk-parity style portfolios, fun with statistical metrics, adjusting a high-income high-equity portfolio situation in transition to retirement, leveraged funds and converting company stock to index funds. And after all that, we do our weekly and monthly reviews of the six sample risk-parity style portfolios you can find at Portfolios | Risk Parit...
May 29, 2021•39 min•Season 1Ep. 91
In this episode we answer emails from Melissa, Nick, Don, Matt H (x2), Andrew (x2) and Keith. We dive into short-term correlations, agreements with Big Ern on ultra-conservative portfolios, Fractal vs Gaussian mathematics (oh, boy!), taunting Wealthfront a second time, and I-bonds preview, leveraged etf portfolios, VBR vs. VIOV, M1 pies, what's going on with Gamestop in VIOV and the Fama-French Three-Factor Model. Are you ready for this? Links: Sample Portfolios Page: Portfolios | Risk Parity Ra...
May 27, 2021•33 min•Season 1Ep. 90
In this episode we analyze QYLD, the Global X Nasdaq 100 Covered Call ETF, 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? Additional links: QYLD Fact Sheet: QYLD-factsheet.pdf...
May 25, 2021•21 min•Season 1Ep. 89
In this episode we answer questions from Jamie, Zach, Keith, Ian, Aldo and Brad. We discuss asset allocations in Roths vs. Traditional, the Risk Parity Radio logo, the virtues of long term treasury bonds, building your stock allocation, doing risk parity from Switzerland and short-term (daily) correlations. Then we move to our weekly portfolio reviews of the sample portfolios you can find at The Risk Parity Radio Portfolios Page Links: Portfolio Charts New Fund Finder: FUND FINDER – Portfolio Ch...
May 22, 2021•30 min•Season 1Ep. 88
In this episode we answer questions from Falco, Tim, Jeff, Adam, Phil, "Steve" and Nick about building an intermediate-life risk parity portfolio, a Ben Felix allocation video, building up or selling into a risk parity portfolio, a 42.5/42.5/15 portfolio, figuring it out for a UK national in the Middle East, setting it up after moving from Africa, and a bond basics review. Whew! Link to Adam's 42.5/42.5/15 backtest analysis: Backtest Portfolio Asset Class Allocation (portfoliovisualizer.com) Sup...
May 19, 2021•41 min•Season 1Ep. 87
In this episode we answer questions from Russell, Carter, the Mysterious Visitor 4541, Own and Travis about portfolios in the accumulation phase, PFF, REET vs. VNQ/VNQI, going into drawdown with a large taxable account, and inflation and TLT. Then we move to our weekly portfolio reviews of the sample portfolios you can find at The Risk Parity Radio Portfolios Page Link to referenced Seeking Alpha Article on REITs: REET Vs. VNQI (ETF): The Better Way To Play International Real Estate | Seeking Al...
May 15, 2021•31 min•Season 1Ep. 86
In this episode we address emails from Jon, Laura, Kevin and Brian about the problems with Wealthfront's "risk parity" fund, moving to Costa Rica on a risk parity portfolio, inflation-friendly asset classes and TIPS. Links: Article Re Performance of Risk Parity funds in March 202: Quant Funds in COVID Market Rout | Markov Processes International Wealthfront's description of its risk parity fund: What is Risk Parity invested in? – Wealthfront Support Wealthfront Annual Report: risk_parity_annual_...
May 13, 2021•37 min•Season 1Ep. 85
In this episode we, ahem, "discuss" the problem of Mindless Diversification. Oh, yeah! Then we tackle some emails from Craig, Falco, Wes, Justin, Matt, Brian and KC about the Aggressive Fifty-Fifty Sample Portfolio, distribution and re-balancing rules, the Vanguard Extended Duration Bond Fund, trust issues, and why we don't have guests. The Article In Question: Mindless Diversification Article Why Some Old Rules Of Thumb Are Really Bad: The "100 Minus Age" Rule Puts Retirees at Risk (thebalance....
May 11, 2021•40 min•Season 1Ep. 84
In this Episode we answer emails from Aaron, Mark, Rob, Joel, Jake and the Mysterious Visitor 9380. We talk taxes on gold, what's in Uncle Frank's portfolios, a Seeking Alpha article about constructing Risk Parity-style portfolios, BND vs. GLDM, and portfolio management. And Trogdor! Then we move to our weekly portfolio reviews of the sample portfolios you can find at The Risk Parity Radio Portfolios Page Additional Links: Taxation of Gold Article: Tax-efficient investing in gold (journalofaccou...
May 08, 2021•36 min•Season 1Ep. 83
Another Bonus Email Episode! In this episode we answer emails from listeners John, Mitchell, Steve, Elisheva, Brian and Justin about an article about us, withdrawal rates for the experimental sample portfolios, transitioning into retirement at age 55 (twice!), a newsletter, putting you to sleep with RPR, the Hedgefundie Ultimate Adventure portfolio, muni-bonds and options strategies. Links: John G's Article: Why I'm Unhappy when all my Investments go up - SmartMoneyToolbox Portfoliocharts Portfo...
May 07, 2021•37 min•Season 1Ep. 82
In this episode, we take on Listener Erik's request to analyze the TIAA Real Estate Account, QREARX, which we do 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? Additional Link...
May 05, 2021•22 min•Season 1Ep. 81
In this all mail-bag episode we answer questions from Brian, Ayne, Drew and Lana about shifting into risk-parity portfolios early, Vanguard fund options, advice if you have a significant real estate portfolio on the side, advice for young adult children and about what asset classes do well in inflationary environments. Links: Portfolio Charts Main Calculator Page: MY PORTFOLIO – Portfolio Charts Portfolio Charts Golden Butterfly Page: Golden Butterfly – Portfolio Charts Portfolio Charts Retireme...
May 03, 2021•31 min•Season 1Ep. 80
In this episode we answer questions from Patrons Dominic and Jenny and Listeners #4593 and Phil about where to put your gold funds, making the transition to a risk-parity style portfolio, gold vs. bitcoin and a Ben Felix stock portfolio. Then we move to our weekly portfolio reviews of the sample portfolios you can find at The Risk Parity Radio Portfolios Page Additional Links: The Lindy Effect: Lindy effect - Wikipedia Gold/Bitcoin Correlation Analysis: Asset Correlations (portfoliovisualizer.co...
May 02, 2021•34 min•Season 1Ep. 79
Please join Diania Merriam and me for a Q&A session on May 2 at noon EDT. Here is the link to register: Investing Demystified: Q&A with Frank Vasquez (webinarjam.com) Support the show
Apr 29, 2021•56 sec
