Episode 240: Dirty Harry Kicks Over A Dignity Bucket And Portfolio Reviews As Of February 3, 2023
Risk Parity Radio
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Using Short-Term Buckets in Your Portfolio
If you have a good portfolio to start with with a high safe withdrawal rate, I don't think your management techniques need to be any more complicated than that. The most aggressive short-term bucket would be something like 1 year of cash, 4 or 5% in your portfolio. Paul Merriman uses the once every year idea: Every year he and his wife take about 5% of their portfolio off each year for extravagances such as going on around the world cruise. But again, do not confuse management techniques with portfolio construction techniques.
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