In this episode we answer emails from Mitchell, Alexi (Dude!), Brian and Daniel.  We discuss how to identify similar funds for tax loss harvesting, concentrations and "bad decades", leveraged ETFs in accumulation, using risk-parity portfolios for intermediate accumulations, and withdrawing in retirement from a Golden Butterfly 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:Portfolio Visualizer Asset Correlation Tool:  Asset Correlations (portfoliovisualizer.com)PHYS ETF page and description:  PHYS Keep More of What You Earn (sprott.com)Ben Felix Video About Leverage:  Investing With Leverage (Borrowing to Invest, Leveraged ETFs) - YouTubeOptimized Portfolio website:  Optimized Portfolio - Investing and Personal Finance"Buffett's Alpha" White Paper:  Buffett’s Alpha (tandfonline.com)Support the show

In this episode we answer emails from Mike, John, Jeff, Wang, and Ray.  We discuss recent performance of long-term treasury bonds and tax loss harvesting them, ValueStockGeek's Weird Portfolio (see episodes 113 and 126), borrowing against your portfolio at Interactive Brokers, how to understand criticism and not get caught up in spurious arguments and insults, and staying focused on we are actually trying to do here with advice from Bruce Lee and Ralph Waldo Emerson.Links: Weird Portfolio Article:  The Weird Portfolio. How To Avoid Bubbles, Limit Drawdowns… | by Value Stock GeekIRS Page on Form 4952:  About Form 4952, Investment Interest Expense Deduction | Internal Revenue Service (irs.gov)Perfect Portfolio book:  In Pursuit of the Perfect Portfolio: The Stories, Voices, and Key Insights of the Pioneers Who Shaped the Way We Invest: Lo, Professor Andrew W: 9780691226446: Amazon.com: BooksSupport the show

In this episode we answer emails from Michelle, Brian, Alan and MyContactInfo.  We discuss transitioning from accumulation to decumulation, why TIPS suck (again), consumption smoothing in financial planning and the Allegory of the Cave applied to financial services and media.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:Correlation Analysis of TIPs and Treasuries:  Asset Correlations (portfoliovisualizer.com)White Coat Investor Article:  Consumption Smoothing is Stupid (whitecoatinvestor.com)The Allegory of the Cave:  Allegory of the Cave - WikipediaEarly Retirement Extreme Book:  Early Retirement Extreme: A Philosophical and Practical Guide to Financial Independence by Jacob Lund Fisker | GoodreadsThink Advisor Article With Bad Advice:  Wade Pfau: TIPS and Annuities Good Bets When Inflation Is High | ThinkAdvisorSupport the show

In this episode we read a novella from Karen about how she is constructing her Golden Ratio-style retirement portfolio.   Then we review expense and budgeting considerations, asset locations in multiple accounts, drawing down on a portfolio with ten-year IRAs and the basic options for managing asset sales and distributions.  And a bit on REITs to boot!Fear?  That's the other retiree's problem!Episode 160, where we answered Karen's initial question:  Podcast 160| Risk Parity RadioSupport the show

In this episode we answer emails from Luis from Brazil, Paul, Alexi (His Dude-ness), and MyContactInfo (a different one).  We discuss how to analyze Brazilian TIPs and other role-based assets, the trials and tribulations of treasury bonds, the oddly extraordinary performance of property and casualty insurance companies in times like these,  tax considerations in fund-picking and what concentrations in particular stock fund sectors do in risk-parity portfolios.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:Analysis of QQQ portfolio vs KBWP portfolio:  Backtest Portfolio Asset Allocation (portfoliovisualizer.com)Risk Parity Chronicles blog and website:  Risk Parity ChroniclesSupport the show

In this episode we announce the roll out of the Risk Parity Chronicles blog and website from our listener Justin.  We also address emails from MyContactInfo, Spencer, Satoshi and Andre.  We discuss an interview of Eugene Fama about the war in the Ukraine, the ETF SAA (ProShares 2x Small Cap), the inherent problems with analyzing gold in a portfolio pre-1971 and related issues, and how to value a property to be inherited.Links:Justin's Risk Parity Chronicles blog and website:  Risk Parity Chronicles  Summary of Eugene Fama Interview:  Fama: It’s Putin who’s irrational, not the markets | The Evidence-Based Investor (evidenceinvestor.com)Next Level Life Analysis of Golden Butterfly Portfolio:  The Golden Butterfly Investing Strategy Explained (Most CONSISTENT Investing Strategy Ever?) - YouTubeArticle Regarding the London Gold Pool of the 1960s:   London Gold Pool - WikipediaSupport the show

In this episode we address emails from Thomas, Karen and Jeffrey.  We discuss high-performing two-fund portfolios, Bill Bengen and Michael Kitces missiles into the Deathstar's crystal balls and exhaust ports, Karen's portfolio management, an updated and improved shortcut tool for analyses at Portfolio Visualizer and Portfolio Charts, and a query about investing in energy sector stocks.And THEN we scare you with our weekly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio.Additional links:NTSX/GLD portfolio and comparison analysis:  Backtest Portfolio Asset Allocation (portfoliovisualizer.com)Bill Bengen Critique of Morningstar Study:  Is It Now the “3.3% Rule”? - Articles - Advisor PerspectivesMichael Kitces Critique of Morningstar Study:  Can Morningstar's Withdrawal Rate Report Refute The 4% Rule? (kitces.com)Karen's Mod to Mark's Most Excellent Portfolio Shortcutter Tool:  Karen's update to Mark's Shortcutter - asset class support and older funds - Google SheetsPortfolio Visualizer Energy Sector Analysis:  Backtest Portfolio Asset Allocation (portfoliovisualizer.com)Support the show

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 - YouTubeSupport the show

In this episode we address emails from Julie T., Julie H. Jeff and Colin.  We discuss the automated trading platform Composer, places to learn about crypto and NFTs, the growth factor in equities, the fund PRWCX, a modified Golden Butterfly portfolio, and using ABLE accounts for the "family match".And THEN we scar you with our weekly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio.Additional links:The Composer website:  Composer – Automated trading platform.Modern Finance podcast:  Modern Finance – MoFiProof podcast re NFTs:  PROOFBitcoin Fundamentals podcast:  Bitcoin Fundamentals: A Podcast on Bitcoin - The Investor's Podcast Network (theinvestorspodcast.com)Portfolio Visualizer Growth Fund/Total Stock Fund Correlations:  Asset Correlations (portfoliovisualizer.com)PRWCX vs. Golden Ratio:  Backtest Portfolio Asset Allocation (portfoliovisualizer.com)Colin's Modified Golden Butterfly:   Backtest Portfolio Asset Class Allocation (portfoliovisualizer.com)Support the show

In this episode we give a shout out to our listeners in Ukraine and answer emails from Darren, Jeffrey and Ron.  We discuss World Central Kitchen, comparison tools for non-U.S. funds, the Portfolio Visualizer Financial Goals tool, shorter-term use of risk parity portfolios, the disgusting problem of unwinding poorly performing annuity products and some customized risk-parity style portfolios.Links:World Central Kitchen charity for Ukraine:  World Central Kitchen (wck.org)Marketwatch example of non-U.S. fund:  VWRL | Vanguard FTSE All-World ETF Advanced Charts | MarketWatchPortfolio Visualizer Financial Goals analysis tool:  Financial Goals (portfoliovisualizer.com)Ron's Custom Portfolios:  Backtest Portfolio Asset Allocation (portfoliovisualizer.com)Support the show