Risk Parity Radio

In this episode we answer a loooooong email from Kevin.   We discuss how to use backtesting and Monte Carlo simulations and how they related to safe and perpetual withdrawal rates, classic and modified Risk Parity-style portfolios, assorted variables and metrics, sizing allocations, Kevin's overall portfolio.  And conclude with Monty Python and Kevin singing.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:Early Retirement Now Toolbox with Over 100 Years of Data:  An Updated Google Sheet DIY Withdrawal Rate Toolbox (SWR Series Part 28) - Early Retirement NowRay Dalio Holy Grail Principle Video:  Ray Dalio breaks down his "Holy Grail" - YouTubeMichael Kitces Risk Parity Article:  Microsoft Word - Kitces Report November-December 2013 - RISK PARITY - FINALBill Bernstein TIPS Ladder Article:  Riskless at Age 104 - Articles - Advisor PerspectivesWealth of Common Sense Article re the Epidemic of Over-saving:  You Probably Need Less Money Than You Think For Retirement - A Wealth of Common SenseWalk4McKenna Sign-up Page:  Walk4McKenna - Father McKenna CenterSupport the show

In this episode we answer emails from Chas, MyContactInfo and JDM.  We discuss momentum-based funds and strategies (see also Episodes 218, 231 and 234), the inherent difficulties of trying to use GDP and other macro-economic data to make investing decisions and the basics of implementing a Golden Butterfly portfolio.Links:AQR Article -- Fama on Momentum:  Fama on Momentum (aqr.com)Interview of Professor Fama:  INVESTORS FROM THE MOON: FAMA (top1000funds.com)Chas' Asset Correlation Analysis:   Asset Correlations (portfoliovisualizer.com)VIOV vs. XSVM vs. DFSVX:  Backtest Portfolio Asset Allocation (portfoliovisualizer.com)Swedroe Article re GDP and Emerging Markets:   Is there a link between GDP growth and emerging market returns? | TEBI (evidenceinvestor.com)Support the show

The podcast discusses topics such as investing in a 457 plan, a leveraged portfolio, and evaluating registered investment advisors (RIAs) through SEC filings as applied to Lido Advisors. It also covers detailed breakdowns of fees and investment strategies, skepticism towards crystal ball predictions, and ends with closing remarks and announcements.

The podcast discusses the new Asset Camp tool for forecasting in portfolio decision-making, the decision to leverage up or increase stock allocation in investment portfolios, and transitioning to a golden ratio style portfolio. They also address the recent performance of long-term treasury bonds as a diversification option against equities.

In this episode we answer emails from Jimmy, John and MyContactInfo.  We discuss the foibles of trying to make investment decisions based on news, politics or macro-economic events, Joel Greenblatt's investment methodologies re value-weighting from 2010 and where there are today, and learn some more from Professor Aswath Damodaran about why you cannot use market valuation metrics and P/E ratios as a basis for decision-making in investing.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:Truflation -- Realtime Inflation Data:  Independent, economic & financial data in real time on-chain (truflation.com) Daniela Di Martino Video re Jay Powell and Truflation:  Ted Oakley and DiMartino Booth on Fed policy, employment implications, and debt implications - YouTubeHugh Hendry and Jim Bianco debating Interest Rates and Inflation:  Macro Musings with Jim Bianco (preview) - YouTubeValue-Weighted Indexing Site (circa 2011):  Value Weighted Index – A New Approach to Long-Term InvestingGotham Funds (Greenblatt Managed):  Home Page : Gotham (gothamfunds.com)Portfolio Visualizer Backtest of GVALX:  Backtest Portfolio Asset Allocation (portfoliovisualizer.com)Professor Damodaran's Latest And Greatest:  Musings on Markets: The Price of Risk: With Equity Risk Premiums, Caveat Emptor! (aswathdamodaran.blogspot.com)Support the show

They discuss the impact of personality traits on successful investing, including the Big Five Personality Test. They also analyze a retirement portfolio that incorporates a managed futures fund. The podcast explores the historical performance of the British stock market and explores the impact of technology on society and country dominance.

In this episode we answer emails from Kevin, Philip and Brown.  We discuss (and thank) our generous listeners, our three principles -- Simplicity,  Macro-allocation and Holy Grail -- and why they need to work together, using conservative portfolios for accumulation, investing in international funds in a sensible manner to maximize diversification and international currency risks, investing in utilities funds (listen also Episode 27) and property & casualty insurance companies.  Whew!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 Main Donation Page:  Donate - Father McKenna CenterWalk4McKenna:  Walk4McKenna - Father McKenna CenterHoly Grail Principle Video:  Ray Dalio breaks down his "Holy Grail" - YouTubePortfolio Visualizer Backtest of Utilities vs. REITs vs. P&C Insurance:  Backtest Portfolio Asset Allocation (portfoliovisualizer.com)Support the show

In this episode we answer emails from Jeff, Micah and Chris.  We discuss some data anomalies of Portfolio Visualizer pertaining to REITs, how to interpret and use Monte Carlo simulations, a more aggressive variation of the Golden Butterfly portfolio (similar to the Weird Portfolio) and the recent performance of the Golden Butterfly portfolio itself.Links:Portfolio Visualizer REIT Data:  Backtest Portfolio Asset Class Allocation (portfoliovisualizer.com)Micah's Alaskan Golden Butterfly Portfolio:  Backtest Portfolio Asset Class Allocation (portfoliovisualizer.com)The Weird Portfolio:  Weird Portfolio – Portfolio ChartsPortfolio Charts Risk-Return Comparison Analyzer of Your Portfolio vs. 19 Others:  RISK AND RETURN – Portfolio ChartsSupport the show

In this episode we answer an email from Judy.  We discuss a 2013 Michael Kitces article about risk parity, which aspects we have incorporated and which we have not (and why), and then talk about an interview of William Bernstein about his new book and some related thoughts and ramifications about bonds, crystal balls, annuities and other things.  (Note:  I think I said it was the 4th edition, but its really just the 2d.)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:2013 Michael Kitces Risk Parity Article:  Microsoft Word - Kitces Report November-December 2013 - RISK PARITY - FINALMorningstar Long View Interview of William Bernstein:  Bill Bernstein: Revisiting The Four Pillars of Investing | MorningstarMorningstar Long View Interview of Aswath Damodaran:  Aswath Damodaran: A Valuation Expert’s Take on Inflation, Stock Buybacks, ESG, and More | MorningstarFactor Investing Book:  Your Complete Guide to Factor-Based Investing: The Way Smart Money Invests Today by Andrew L Berkin | GoodreadsSupport the show

In this episode we open up Season Four by answering emails from Pete, Arnold and Igor.  We discuss Pete's slightly levered Golden Ratio type portfolio, TJUL and buffered funds generally and a Portfolio Visualizer anomaly.   It's Shplendid!Links:Optimized Portfolio Article re UPRO and other leveraged ETFs:  The 9 Best Leveraged ETFs To Enhance Portfolio Exposure (2023) (optimizedportfolio.com)EDV and ZROX Comparison:  ZROZ vs. EDV ETF Comparison Analysis | etf.comPerfect Portfolio Book:  In Pursuit of the Perfect Portfolio: The Stories, Voices, and Key Insights of the Pioneers Who Shaped the Way We Invest by Andrew W. Lo | GoodreadsBarry Ritholtz Article re TJUL:  My New ETF: 100% of Upside + 0% of Downside - The Big Picture (ritholtz.com)Support the show