In this episode we begin with a rant about a Think Advisor article about what financial services is all about -- the PARTY CIRCUIT.  And the we address emails from the Nameless One, Kyu, Brian and Eric.  We discuss the original Permanent Portfolio and modifications to the Golden Butterfly portfolio, the tax feature of the Portfolio Visualizer Monte Carlo simulator, efficient allocations in taxable, tax-deferred and tax protected accounts, considerations surrounding expected returns of asset classes and the problems with cash drags in portfolio construction, and the BITW fund and alternatives.

Links:

Think Advisor article:  How Advisors Do the Party Circuit | ThinkAdvisor

"Nimble Golden Butterfly" modifications:  Backtest Portfolio Asset Class Allocation (portfoliovisualizer.com)

Risk Parity Radio Tutorial Video re Portfolio Visualizer Monte Carlo Simulator:  Tutorial #4: Portfolio Visualizer Monte Carlo Simulator -- Introduction - YouTube

Support the show