In this episode we answer emails from Alexi (a/k/a "the Dude"), Matt and Daniel. We talk about Alexi's Dragon-style portfolio experiments (and provide links), market orders vs. limit orders and miscellaneous trading advice, and the evolution of DIY investing with ETFs and other funds since 2011. 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: Alexi's Dragon-style portfolios: Alexi's Portfoli...
Dec 18, 2022•27 min•Season 3Ep. 226
In this episode we answer emails from Charlie, Jimi and Freya. We provide explanations of the concepts of rebalancing and reallocation, talk about a listener's favorite sound clip and about creating a simple starter portfolio for a very small U.K. investor. And we take a poke at the new Morningstar report on retirement forecasting and projected safe withdrawal rates, and the vast changes they made from last year. Links: New Morningstar Report: 2022 Retirement Withdrawal Strategies Report | Morni...
Dec 14, 2022•27 min•Season 3Ep. 225
In this episode we answer emails from Brian, Alexi (the Dude!) and Geordi. We discuss how central bank activities may affect asset correlations, applying the history of money to today's crypto currency-related issues, investing in volatility, another podcast about DBMF, and the follies and foibles of the physical precious metals racket and the participants therein, especially the newsletter and book-touting Hedgehogs. And THEN we our go through our weekly portfolio reviews of the seven sample po...
Dec 11, 2022•42 min•Season 3Ep. 224
In this episode we answer an email from Daniel, who asks a follow-up question to episode 209 about CAPE ratios and Big ERN's blog. We then recount a Zoom chat and email exchanges between the host and Karsten Jeske about that topic and related ones and an analysis of a sample risk-parity style portfolio using the Early Retirement Now SWR Toolbox. It's similar to "Celebrity Deathmatch" in entertainment value. We also talk briefly about Risk Parity Chronicles, The upcoming EconoMe Conference with D...
Dec 07, 2022•35 min•Season 3Ep. 223
In this episode we answer emails from Jamie, Chris and The Dude (Alexi). We give do some listener appreciation and talk about The Dude's proposed volatility-related allocation. And THEN we our go through our weekly and monthly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio . And we also invite you to an event at the Father McKenna Center in Washington, DC -- Lessons and Carols on December 8 at 7 pm. Additional links: Father McKenna Center Lessons ...
Dec 04, 2022•29 min•Season 3Ep. 222
In this episode we answer emails from Gregory, MyContactInfo, Ralphio and Spencer. We discuss the overriding currency speculation aspect of investing in non-U.S. funds, keeping things simple during accumulation, leveraged funds, some academic analyses of managed funds and what to make of it, how to identify the basic factors of given funds and the Shplendid aspects of MORE COWBELL. Links: Paul Merriman's "Best in Class" Fund Identification Page: Best-in-Class ETF Portfolios - Paul Merriman Ratio...
Nov 30, 2022•27 min•Season 3Ep. 221
In this episode we answer emails from Nick, Mr. Harris and Howard. We discuss the hoary details of the tax reporting of GLDM, following your rebalancing rules and why relying on the past performance of managed mutual funds probably is not a good idea. And THEN we our go through our weekly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio . With rebalancing this week! Additional links: Father McKenna Center Giving Page: Donate - Father McKenna Center ...
Nov 27, 2022•33 min•Season 3Ep. 220
In this episode we answer emails from Uday, Rick, Anderson and Jacques. We discuss Giving Tuesday and the Father McKenna Center, new tutorials at Risk Parity Chronicles about asset swaps and wash sales, buffered ETFs and scandalous structured products, why we still love gold (a little), getting exposure to small cap value -- yada, yada, yada -- and bond ladders vs. bond funds. Links: Father McKenna Center Homepage: Home - Father McKenna Center Father McKenna Center Giving Page: Donate - Father M...
Nov 23, 2022•35 min•Season 3Ep. 219
In this episode we answer emails from Ethan, Eric, MyContactInfo and Jon. We discuss using the Golden Ratio portfolio for intermediate accumulations, Hedgehogs and Foxes in economic forecasting, total bond funds, momentum factor investing and Frankie Goes To Hollywood. And THEN we our go through our weekly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio . With rebalancing this week! Additional links: Wealthtrack Interview of Jim Grant: INFLATION’S ...
Nov 20, 2022•37 min•Season 3Ep. 218
In this episode we answer questions from Brad, Craig, AnnieMous, and Jack. We discuss new information from Portfolio Charts about tax-loss harvesting bond funds like TLT (and other funds), portfolio construction with the Golden Ratio, the recent popularity of managed futures with the info-sales and marketing crowd, portfolio management with asset swapping between taxable and tax-protected accounts, and REITs in the Portfolio Charts Portfolio Finder. Links: Portfolio Charts Tax Loss Harvesting Ar...
Nov 09, 2022•36 min•Season 3Ep. 217
In this episode we answer emails from Blake, Gen and MyContactInfo. We discuss Blake's good work with analysis tools, fractional shares of ETFs and more on managed futures and DBMF. And THEN we our go through our weekly and monthly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio . Additional links: Blake's Model Portfolios: Model-Portfolios-for-Every-Financial-Stage-v2.pdf (pathwaytofi.com) Blake's White Paper: Construction-and-Analysis-of-the-Path...
Nov 05, 2022•28 min•Season 3Ep. 216
In this episode we return from vacation ready to rumble and answer emails from Peter, David, MyContactInfo (x2) and Mark. We appreciate our listeners and then annoy them (I've got an angle), talk about ESG investing and why you want to have both growth and value funds and talk about buy-write funds in general and JEPI in particular. Links: Risk Parity Chronicles Resources: Resources - Risk Parity Chronicles ESG Article One: Shades of Green - HumbleDollar ESG Article Two: Musings on Markets: ESG'...
Nov 02, 2022•32 min•Season 3Ep. 215
In this episode we answer emails from Harvey (a large rodent), MyContactInfo and Mark. We discuss the Dragon Portfolio and managed futures funds like DBMF, reprise Episode 202, some common mistakes of amateur investors, reverse mortgages (briefly), and how we have incorporated and modified classic and theoretical risk parity principles. Links: Recent Interview of Andrew Beer (DBMF): 214 Systematic Investor Series ft. Andrew Beer – October 16th, 2022 | Top Traders Unplugged Harvey's First Link re...
Oct 19, 2022•39 min•Season 3Ep. 214
In this episode we answer questions from Jeremy, Richard and Gen. We discuss the moribund WARM portfolio strategy, more issues about annuities and where to learn more about them, and fractional share trading of ETFs. And THEN we our go through our weekly and monthly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio . Additional links: JL Collins Article on WARM Strategy: Sleeping soundly thru a market crash: The Wasting Asset Retirement Model - JLCol...
Oct 15, 2022•29 min•Season 3Ep. 213
In this episode we answer emails from Sue, Vern and Rene. We discuss revocable trusts, where and where not to get them and why or why not you might want one, the mechanics of rebalancing and drawing down on a portfolio with multiple accounts, and the differences between various small cap funds like IJR, IJS, IJT and VIOV. Support the show
Oct 13, 2022•31 min•Season 3Ep. 212
In this episode we answer emails from Boone, MyContactInfo and Alex. We discuss issues with leverage, real estate invesments, spreadsheet projections and guessing about the future. Listen for the BLOOPER! And THEN we our go through our weekly and monthly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio . Additional links: Video About Leverage: Investing With Leverage (Borrowing to Invest, Leveraged ETFs) - YouTube Optimized Portfolios Leveraged ETFs...
Oct 09, 2022•53 min•Season 3Ep. 211
In this episode we follow up on Episode 209 with some recent (as in this week) Wade Pfau references that confirm what we said about overly pessimistic SWR assumptions. And then we answer emails from Justin, Drew, Jim and Chris. We discuss REITs and the Risk Parity Chronicles series about them, good sources for information about factor or "smart beta" investing, and questions about transitioning from accumulation to decumulation when you are close to "winning the game." Links: Retire With Style P...
Oct 05, 2022•29 min•Season 3Ep. 210
In this episode we answer a lengthy email from Kevin about issues with popular estimates of Safe Withdrawal Rates. We then discuss the problems with and failings of some of these estimates and their underlying analysis, including why Best Practices beat Convenient Shibboleths, failures to analyze non-simplistic portfolios, misuse of the "reversion to the mean" concept, improper use of conservative assumptions and modelling software, improper use of the 30-year time frame, and the failure to inco...
Oct 01, 2022•1 hr 6 min•Season 3Ep. 209
In this episode we discuss an email from and conversation with Paul Merriman. We follow up on his suggestion/request that we create an episode for beginning investors to help them get going in a simple way that can work. And then we embark on a very special trip. Very. Special. Links: The Four Phases of Saving and Investing for Retirement: The Four Phases Of Saving For Retirement (kitces.com) Earn = Kansas. Save = Munchkinland. Grow = The Roads To Emerald City. Preserve = Emerald City. Paul Merr...
Sep 28, 2022•49 min•Season 3Ep. 208
In this episode we answer emails from Arun, Jeffrey and Chris. We discuss using simple back-of-the-envelope estimation methods to solve for complex portfolio projections, using a risk parity style portfolio for intermediate accumulations, and re-cap annuity considerations from Episode 184. And THEN we our go through our weekly and monthly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio . Arun's question: "What type of portfolio would you suggest fo...
Sep 24, 2022•30 min•Season 3Ep. 207
In this episode we answer questions from MyContactInfo, Wesley and Adam. In a tour de force presentation, we discuss Michael Mauboussin's book, "The Success Equation: Untangling Skill and Luck in Business, Sports and Investing", the implications of an all small-cap value portfolio and applying the ideas of Bruce Lee and Emerson to Jack Bogle's "Common Sense Investing". And we also take a frolic and detour into the Twilight Zone. Links: CFA Institute Book Review the The Success Equation: The Succ...
Sep 21, 2022•35 min•Season 3Ep. 206
Aaaand we're gone! Poof! Back next week! Support the show
Sep 14, 2022•43 sec
In this episode we answer emails from Connor, Paul and Paul Z. We discuss a new single bond ETF, Paul's risk parity style portfolio and AVUV vs. VIOV. And THEN we our go through our weekly and monthly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio . Additional Links: Connor's Article: Single-Bond ETFs Solve Some Key Investing Problems (wealthmanagement.com) Analysis of Paul's Portfolio and Alternatives: Backtest Portfolio Asset Allocation (portfol...
Sep 10, 2022•27 min•Season 3Ep. 205
In this episode I answer a question from Charles, who has a terminal illness. We go off topic and discuss books about dying, examples of people who did it well, and resources for short-term trading. Links: End of Life Series: Barbara Karnes' End of Life Guideline Series - BK Books – BK Books The Five Invitations: The Book | The Five invitations: What Death Can Teach Us About Living Fully – by Frank Ostaseski Taking Stock: Jordan Grumet | Welcome to JordanGrumet.com Blue Zones Vitality Test: True...
Sep 07, 2022•28 min•Season 3Ep. 204
In this episode we answer emails from Gen, Greg and Nathan. We discuss how to find funds using a fund screener and why you should not be using the investment account equivalents of blackberries and flip-phones any more, individual REIT selections, and value and growth data sources. I forgot to mention that the other individual REIT we hold is WY, which invests in timber (and thereby missed another opportunity to play the lumberjack song.) And THEN we our go through our weekly and monthly portfol...
Sep 04, 2022•33 min•Season 3Ep. 203
In this episode we answer questions from Andy and Todd. We discuss the Buy, Borrow, Die Strategy and everything you wanted to know about the Host (or maybe not) and his approach. Links: Luke Burgis Book About Mimetic Theory: Wanting: The Power of Mimetic Desire in Everyday Life by Luke Burgis | Goodreads Barking Up The Wrong Tree Book: Barking Up the Wrong Tree: The Surprising Science Behind Why Everything You Know About Success Is (Mostly) Wrong by Eric Barker | Goodreads Interview of Rick Ferr...
Sep 01, 2022•34 min•Season 3Ep. 202
In this episode we answer emails from Micah, Steve and Keith. We discuss the limit on the usefulness of Sharpe and Sortino ratios, helping out Steve's daughters with building and managing a portfolio for medium-length goals and what else Uncle Frank says to guide his adult kids with ant brains and grasshopper brains and comparing actual performances with Portfolio Visualizer models. Links: Portfolio Visualizer comparison of short term treasuries and gold: Backtest Portfolio Asset Class Allocatio...
Aug 25, 2022•32 min•Season 3Ep. 201
In this episode we answer emails from Justus (x2), Anderson and Blake. We discuss life transitions, what I've learned over an evolving DIY investing career, and Blake's Pathway of FI. And THEN we our go through our weekly and monthly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio . Additional Links: Portfolio Charts Sample Portfolios: Portfolios – Portfolio Charts Risk Parity Chronicles Resources Page: Resources - Risk Parity Chronicles Kitces Fou...
Aug 21, 2022•41 min•Season 3Ep. 200
In this episodes we answer emails from Alexi (Dude!), Brian, NED(!) and William. We discuss DBMF and managed futures funds, a 80/10/10 transition portfolio, leverage in accumulation portfolios and adjusting all-stock index fund portfolios. Links: Walk For McKenna: Walk4McKenna - Father McKenna Center Andrew Beer (DBMF) Interview: Jack Bogle of Hedge Funds (guest: Andrew Beer) - Market Huddle Ep.188 - YouTube Brian's Transition Portfolio Compare To One With More Cowbell: Backtest Portfolio Asset ...
Aug 18, 2022•25 min•Season 3Ep. 199
In this episode we answer emails from Karen, Adam and Pankaj. We revisit China and reserve currencies, discuss cognitive biases, talk about accumulation portfolios, bonds and the Macro Allocation Principle, and about tax loss harvesting bond and gold ETFs. And THEN we our go through our weekly and monthly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio . Additional Links: Ben Felix Video On Leverage: Investing With Leverage (Borrowing to Invest, Le...
Aug 13, 2022•32 min•Season 3Ep. 198
