Risk Parity Radio

In this episode we answer emails from Allison, Kenny and Steve.  We discuss the methods and madnesses of financial media and the industry, modeling financial "experts" as hedgehogs and foxes, US dollars and debt, and correlations between treasury bonds and stocks, why portfolio income is just part of total returns and is not special, and incorporating managed futures into a Golden Ratio-style portfolios.Links:Duke Paper on Treasury/Stock Market Correlations:  delivery.php (ssrn.com)Picture Perfect Portfolios Comparison of Managed Futures ETFs:  What's The Best Managed Futures ETF? DBMF vs KMLM vs CTA (pictureperfectportfolios.com)Support the show

In this episode we answer emails from Kyle, Andy, Eric and Bluto.  We discuss datasets at Portfolio Visualizer, guidelines for making allocation changes in a portfolio generallly and with managed futures, managed futures funds DBMF, KMLM and CTA and distribution issues, and EconoMe Conference 2024.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:Father McKenna Center Donation Page:  Donate - Father McKenna CenterKyle's First Portfolio Visualizer Link:  Backtest Portfolio Asset Class Allocation (portfoliovisualizer.com)Kyle's Second Portfolio Visualizer Link:  Backtest Portfolio Asset Class Allocation (portfoliovisualizer.com)Kyle's CASHX PV Link:  Backtest Portfolio Asset Allocation (portfoliovisualizer.com)ETF Database -- Managed Futures Funds:  Managed Futures ETF List (etfdb.com)Simplify ETFs Distribution List (CTA and others):  Simplify Provides Estimated Capital Gain Distribution Information for 2023 | Simplify EconoMe Conference -- Use Code "riskparityradio" for 10% discount:  EconoMe Conference - March 15th-17th, 2024Support the show

In this episode we do our annual portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio and compare them with various commercial reference portfolios.And entertain a four-year old child and our adult offspring.Support the show

In this episode we answer emails from Slippery Steve, Keith, Brian, and Kyle.  We discuss a momentum allocation strategy called "the 12% Solution" and complex allocation strategies in general, preferred shares and preferred shares funds, notions about correlations from Rick Ferri's All About Asset Allocation book (pub. 2005 and 2010), putting the Simplicity Principle in it's proper context (not the first priority), and a fun listener-provided sound clip.Link:Father McKenna Center Donation Page:  Donate - Father McKenna Center Duke Research Paper re Stock Market and Treasury Bond Correlations:  delivery.php (ssrn.com) Morningstar Analysis of PFFD:  PFFD – Portfolio – Global X US Preferred ETF | MorningstarMorningstar Analysis of JNK:  JNK – Portfolio – SPDR® Blmbg High Yield Bd ETF | MorningstarAll About Asset Allocation (2010):  All About Asset Allocation, Second Edition: Ferri, Richard A. A.: 9780071700788: Amazon.com: BooksKyle's Rodney Dangerfield Clip:  Then, Sell Sell Sell - Caddyshack (youtube.com)Support the show

In this rather short episode we answer emails from Ralph, Scott, Eric, the Mysterious Visitor 9575, and Steven.  We discuss my recent absence and predilections for silliness, a recent podcast from the Inflation Guy about safe withdrawal rates and coming updates to the website.Links:Inflation Guy Podcast Episode:  Ep. 92: Safe Withdrawal Rates - Accounting for Inflation | Cents and Sensibility: the Inflation Guy Podcast (podbean.com)Risk Parity Chronicles:  Risk Parity ChroniclesFather McKenna Center Donation Page:  Donate - Father McKenna CenterSupport the show

In this episode we answer emails from Keith, Pete and Tim.  We discuss developments in factor-based investing, portfolio transitions, RMDs, the recent Cederburg paper (again) and what goes on Down Under.  And another visit from Lee-roy Jenkins.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:Father McKenna Center Donation Page:  Donate - Father McKenna CenterCharity Navigator Score For the Father McKenna Center:   Charity Navigator - Rating for Father McKenna Center Inc.Alpha Architect Article On The Value Factor:  AA-JBISFactorInvesting22LongOnlyValueInvesting.pdf (alphaarchitect.com)Cederburg Paper (Again):  delivery.php (ssrn.com)New Rational Reminder Podcast with Scott Cederburg:  Professor Scott Cederburg: Challenging the Status Quo on Lifecycle Asset Allocation | RR 284 (youtube.com)Canstar Site with Aussie ETF Options:  Compare Exchange Traded Funds (ETFs) | CanstarSupport the show

In this episode we answer emails from Jenzo, Priah and Matt.  We discuss a levered portfolio and tracking errors, the limitation of Scott Cederburg's latest academic paper, bootstrapping -- what it is and how it works --,  what "blend" means in factor-speak, and some pitfalls with Portfolio Visualizer's datasets,And also the upcoming EconoMe Conference in March 2024 with a discount code for our listeners, "riskparityradio":Links:EconoMe Conference:  EconoMe Conference - March 15th-17th, 2024Academic Paper Critical of Lifecycle Investment Advice:  delivery.php (ssrn.com)Rational Reminder Podcast re same paper:  Lifecycle Asset Allocation, and Retiring Successfully with Justin King | Rational Reminder 281 - YouTubePortfolio Visualizer Documentation:  Portfolio Visualizer DocumentationMatt's First Montecarlo Analysis:  Monte Carlo Simulation (portfoliovisualizer.com)Matt's Second Montecarlo Analysis:  Monte Carlo Simulation (portfoliovisualizer.com)Modifying Matt's Analysis to Account for Earlier Data: Monte Carlo Simulation (portfoliovisualizer.com)Father McKenna Center Donation Page:  Donate - Father McKenna CenterFather McKenna Center Charity Navigator Rating:  Charity Navigator - Rating for Father McKenna Center Inc.Support the show

In this episode we return from hiatus to answer emails from Popeye, Clint and Mr. Klingon.  We discuss a JP Morgan report, giving to the Father McKenna Center, adventures with a bad planner-provided portfolio and how to fix it, and that cowbell known as small cap value.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:JP Morgan Reports:  Guide to the Markets | J.P. Morgan Asset Management (jpmorgan.com)Father McKenna Center Donate Page:  Donate - Father McKenna CenterMerriman Best In Class Fund Recommendations:  Best ETF Recommendations | Merriman Foundation (paulmerriman.com)Small Cap Growth v. Small Cap Value Since 1972:  Backtest Portfolio Asset Class Allocation (portfoliovisualizer.com)Support the show

In this episode we answer emails from Visitor 5970, Frank, Alexi (a/k/a "the Dude") and Paul.  We discuss the bond funds in the TSP, the Catching Up To FI podcast, Wealthfront's atrocious attempt at a risk parity fund and the Pinwheel Portfolio.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:TSP F Fund:  F Fund | The Thrift Savings Plan (TSP)Catching Up To FI podcast on YouTube:  Catching up to FI - YouTubeWealthfront's Troubled Risk Parity Fund:  WFRPX – Wealthfront Risk Parity W Fund Stock Price | MorningstarThe Pinwheel Portfolio:  Pinwheel Portfolio – Portfolio ChartsPortfolio Charts Risk-Return Portfolio Comparisons:  Risk And Return – Portfolio ChartsValue Stock Geek Interview of Yours Truly:  Frank Vasquez - Risk Parity Investing for the DIY Investor (securityanalysis.org)Support the show

In this episode we answer emails from Steve, Jeff and Kenny.  We discuss the complex foibles of Empower/Personal Capital portfolios and transitioning them. investing in gold and silver and tax treatments, and using the Vanguard Wellesley Fund as a model for very conservative investors.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:Rob Berger Video about Investing In Gold:  How to Buy Gold (Without Getting Ripped Off) - YouTubeTaxation of Gold ETFs Article:  How Taxes Work For A Gold ETF Or ETP Investment (etftrends.com)Taxation of PHYS Fund:  Tax Information - Physical Gold Trust (sprott.com)Yahoo version of Article re taxation of gold ETFs:  How Taxes Work For Gold ETF & ETP Investments (yahoo.com)Taxation of Section 1256 Contracts:  Section 1256 Contract: Definition and Tax Rules (investopedia.com)Vanguard Wellesley Portfolio:  VWIAX – Portfolio – Vanguard Wellesley® Income Admiral™ | MorningstarRisk Parity Chronicles:  Risk Parity ChroniclesSupport the show