Episode 399: A Good Deed Shining In A Weary World, Thoughts On Hoarding, Preferred Shares, Gold And Portfolio Reviews As Of January 31, 2025
Feb 2, 2025
Celebrate Groundhog Day with insightful discussions on charitable giving and the innovative McKenna Man portfolio. Explore the balance between preferred shares and REITs, and dive into the quirky world of financial hoarding. Delve into the thought-provoking relationship between money and personal satisfaction, highlighting the importance of experiences. Plus, enjoy entertaining portfolio reviews and lighthearted analyses of market trends, including the intriguing concepts of gold investments and a unique Bitcoin-gold ETF strategy.
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question_answer ANECDOTE
McKenna Man Portfolio
Listener Ron proposes a ninth sample portfolio dedicated to charity.
It will donate proceeds to the Father McKenna Center and track an all-equity portfolio's drawdown performance.
volunteer_activism ADVICE
Charity Portfolio Allocation
Consider a core three portfolio (60% total market, 30% international, 10% small cap) for the charity portfolio.
An 8% withdrawal rate is acceptable for this experimental portfolio, mirroring Dave Ramsey's approach.
question_answer ANECDOTE
McKenna Man Story
The Father McKenna Center's director is a "McKenna Man," having overcome homelessness with the center's help.
He exemplifies the center's mission of helping individuals reclaim their lives.
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In 'The Soul of Wealth', Dr. Daniel Crosby presents 50 short essays that delve into what wealth really is, emphasizing that true wealth encompasses friends, family, health, vocation, time, leisure, and other important aspects of life. The book offers practical advice on how to balance monetary wealth with soulful wealth, covering topics such as how spending reveals values, the role of money in buying happiness, creating a good financial plan, the limitations of willpower, and mastering delayed gratification. It is designed to challenge readers' thinking, rekindle forgotten truths, and empower them to adopt a new relationship with money.
The top five regrets of the dying
Bronnie Ware
In this book, Bronnie Ware shares her experiences from working in palliative care, where she identified the five most common regrets of the dying. These regrets include: 'I wish I’d had the courage to live a life true to myself, not the life others expected of me,' 'I wish I hadn’t worked so hard,' 'I wish I’d had the courage to express my feelings,' 'I wish I had stayed in touch with my friends,' and 'I wish that I had let myself be happier.' The book provides a heartfelt and inspiring account of how these regrets can be addressed while there is still time, promoting a life of greater compassion, honesty, and happiness.
In this episode, we celebrate Ground Hog Day and answer emails from Ron, Jay and Pete. We discuss the value of giving and the new McKenna Man portfolio that Ron is constructing, preferred shares vs. REITs, holding gold, what financial advisors really think about their hoarding clients but can't say in front of them but I will, and Pete's risk parity style portfolio and his 6-year old's potato chip gambling problem.
And THEN we our go through our weekly portfolio reviews of the eight sample portfolios you can find at Portfolios | Risk Parity Radio.
Pete's Fund and Correlation Analysis: https://testfol.io/analysis?s=4Qh1xI3JKMl
Amusing Unedited AI-Bot Summary:
Unlock the secrets of alternative investments and discover a fresh perspective on asset allocation with Risk Parity Radio. Ever wondered how creative financial strategies can transform charitable giving? Listen in as we highlight Ron, a dedicated listener, who proposes an innovative approach to support the Father McKenna Center in Washington, D.C. We'll dissect his all-equity portfolio idea, and explore an alternative inspired by the Rick Ferri Core 4 portfolio, tailored for an 8% withdrawal rate. This episode promises to inspire with its blend of community-focused financial creativity and solid investment insights.
Curiosity piqued? Learn why PFFV trumps PFF in cost-effectiveness and tax benefits, especially for those in higher tax brackets. The episode tackles listener questions head-on, like the VNQ versus PFF debate, and shines a light on the essential role of gold in diversification. A personal tale unfolds as I recount my unexpected removal from Andy Pankow's Facebook group, sparking a discussion on the dynamics of online financial communities. This engaging narrative provides a nuanced view of maintaining a steady allocation amidst the ebb and flow of digital interactions.
Explore the lighter side of finance as we analyze the performance of various portfolios in a quirky review of January's market highlights. With imaginative requests, like a breakfast order for the "bacon man," and the intriguing concept of combining Bitcoin and gold in an ETF, this episode offers both entertainment and education. From the conservative All Seasons to the experimental Golden Ratio, each portfolio reveals unique allocations and outcomes. Join us on this enlightening journey through investment strategies, and uncover the unexpected joys of charitable giving through creative financial planning.
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