In this episode we give Mary a break and analyze the ProShares Ultrashort Australian Dollar ETF, ticker symbol CROC, using David Stein's Ten Questions to Master Investing, which are:1.  What is it?2.  Is it an investment, a speculation, or a gamble?3.  What is the upside?4.  What is the downside?5.  Who is on the other side of the trade?6.  What is the investment vehicle?7.  What does it take to be successful?8.  Who is getting a cut?9.  How does it impact your portfolio?10.  Should you invest?This fund analysis was suggested/requested by listener Alexi/Dude.Links:  CROC Fact Sheet:  prosharesfactsheetcroc.pdfCROC Information Page:  CROC (proshares.com)CROC Correlation Analysis:  Asset Correlations with CROC (portfoliovisualizer.com)CROC/BTAL in Golden Butterfly Portfolio:  Backtest Portfolio Asset Allocation (portfoliovisualizer.com)CROC/BTAL in Golden Ratio Portfolio:  https://tinyurl.com/2tcemax6CROC/BTAL in Leveraged Risk Parity Portfolio:  https://tinyurl.com/3w7rpk6dSupport the show

In this episode we pay tribute to Clark Bender and then answer emails from Chris, Roy, Dustin, Daniel and Kevin.  We discuss M1 trading issues, PDBC's 2021 returns, reinvesting dividends, sample portfolio returns, what to do about old stocks lying around, Dustin's sample  risk parity portfolio, I-bonds, considerations for international funds, Tom Waits, and an improvised reading list.  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:Board Game Times podcast:  Welcome to Board Game Times! - Board Game TimesRPR Tutorial #4:  Tutorial #4: Portfolio Visualizer Monte Carlo Simulator -- Introduction - YouTubePDBC Performance Statistics:  Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) Performance History - Yahoo FinanceSupport the show

In this episode we address emails from "Harry", Anderson, Brian and Alan.  We discuss transitioning a mostly crypto portfolio to retirement, stablecoins, rebalancing bands, 3-5% flexible withdrawal strategies, MORE stablecoin questions and the basics of transitioning from an accumulation portfolio to a retirement portfolio.Links:Optimal Rebalancing Article:  Optimal Rebalancing – Time Horizons Vs Tolerance Bands (kitces.com)Never Pay Taxes Again Article:  Never Pay Taxes Again - Go Curry Cracker!Support the show

In this episode we address emails from Patreon Patron Dominic, Javier, Sebastien, David and Ed.  We discuss allocating a Golden Butterfly - style portfolio, an application of the Macro-Allocation principle to an accumulation portfolio, a potential gambling problem involving leveraged funds, the psychology of avoiding foolish consistencies and the financial media, and applications of the Monte Carlo simulator and Portfolio Visualizer and the calculators at Portfolio Charts to small cap value based portfolios.Links:Portfolio Visualizer Monte Carlo #1 (small cap value):  Monte Carlo Simulation #1 (portfoliovisualizer.com)Portfolio Visualizer Monte Carlo #2 (diversified portfolio):  https://tinyurl.com/2cjfu5vrPortfolio Visualizer Monte Carlo #3 (de-leveraged small cap value):  https://tinyurl.com/2p89vxpnPortfolio Charts:  MY PORTFOLIO – Portfolio ChartsSupport the show

In this episode we answer emails from Dan, Chas and Sam.  We discuss some aspects of a new Risk Parity book, the poor performance and problems with TIPs, sub-portfolio constructions, using a correlation analysis to determine which non-U.S. funds to use,  which bond funds to use, why you shouldn't pay attention to proposed legislation, more on international funds and how to find the podcast where your email is answered.And THEN we our go through our weekly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio.  We also review the lackluster annual performances of RPAR and other professional risk-parity style funds.  Note that RPAR is run by the author of the book discussed in answer to the first question.Additional links:  Father McKenna Center Donation Page:  Donate - Father McKenna CenterCommodity Producers ETFs list:  Commodity Producers Equities ETFs (etfdb.com)Original RPAR Episode:  Podcast #31| Risk Parity RadioCorrelation Analysis of Chas's Proposed Funds:  Asset Correlations (portfoliovisualizer.com)Support the show

In this episode we invite listener Alexi into the den to discuss a variety of topic on his mind.  These include gold, municipal bond fund TFI, assorted risk-parity portfolio constructions, the Big Lebowski, gambling problems and leveraged funds, choices in small cap value funds, problems with the M1 platform and liquidity issues, the relationship between the traditional 60/40 portfolio and the Golden Ratio, asset classes that perform well in various growth/inflation quadrants, and the drawbacks to TIPS and other inert allocations.Links:Episode 40 re Gold:  Podcast #40| Risk Parity RadioSafe Withdrawal Rate  #34 re Gold:  Using Gold as a Hedge against Sequence Risk – SWR Series Part 34 – Early Retirement NowThree Ingredients Article re Gold:  Three Secret Ingredients of the Most Efficient Portfolios – Portfolio ChartsResolve Asset Management White Paper Download Link:  Return Stacking: Strategies For Overcoming a Low Return Environment (investresolve.com)"Buffett's Alpha" White Paper:  Buffett’s Alpha (tandfonline.com)Alexi's article link (last question) re Quadrants and Assets:   Structural Diversification for All Seasons - ReSolve Asset Management (investresolve.com)Support the show

In this episode we answer emails from Christer, Craig and Scott.  We discuss synthetically modelling SWAN on Portfolio Visualizer, how using the MAR metric (and others) reveals superior performance for risk-parity-style portfolios, how NOT to predict future treasury bond rates in the context of the Golden Butterfly portfolio, and the foolish consistencies and nonsensical ravings of those who attempt such things.And THEN we our go through our weekly and monthly (and a bit of annual) portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio.Additional Links:Comparison of Synthetic SWAN Models:  SWAN Backtest Portfolio Asset Allocation (portfoliovisualizer.com)Craig's Article About The MAR Metric:  How to Set achievable CAGR & Drawdown targets for stock portfolio (enlightenedstocktrading.com)Comparison of VWENX and Sample Golden Ratio Portfolios:  Backtest VWENX Vs. Golden Ratio Asset Allocations (portfoliovisualizer.com)Additional Sample Leverage Portfolio On M1:  Levered Risk Parity Pie | M1 FinanceSupport the show

In this episode, we answer emails from Adam, Amit, Jeffrey and Kevin.  We discuss  alternative theoretical withdrawal strategies and tools to model them, practical considerations for withdrawals, milkshakes, the differences between the sample portfolios and their withdrawal percentages, Torqemada, modeling leveraged accumulation portfolios, the ups and downs of growth funds and value funds, and Kevin's desires for More Cowbell.Links:Monte Carlo simulation with a life expectancy withdrawal strategy:  Monte Carlo Simulation (portfoliovisualizer.com)Portfolio Charts Retirement Spending Calculator:  RETIREMENT SPENDING – Portfolio ChartsYouTube Tutorial For Retirement Spending Calculator:  Tutorial #1: Portfolio Charts Retirement Spending Calculator - YouTubeBen Felix Video On Using Leverage:  Investing With Leverage (Borrowing to Invest, Leveraged ETFs) - YouTubePortfolio Visualizer Simulated Accumulation In Three Portfolios:  Backtest Portfolio Asset Allocation (portfoliovisualizer.com)Sample M1 Leveraged Portfolio (and others):  M1 Pies: Manage and Optimize Your Portfolio Like a Pro (choosefi.com)Support the show

In this episode we address emails from Alexi, Ron, Niklas, Jody and Brian.  We discuss levered portfolios, Spinal Tap, the fabulous generosity of our listeners, currency risk, website data improvements, and options for a 20-something with or without leverage.  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:REIT Episodes:  Podcast #19 and Podcast #21| Risk Parity RadioMega REIT Correlation Matrix:  Asset Correlations -- lotsa REITSSimplify SPYC ETF:  SPYC Simplify US Equity PLUS Convexity ETF | SimplifyAlexi's Leveraged Portfolio:  Backtest Portfolio Asset Allocation (portfoliovisualizer.com)Alexi's Portfolio Correlation Matrix:  Asset Correlations (portfoliovisualizer.com)Unicorn Bay Correlation Analyzer:  Asset Correlations for Free | Unicorn BaySupport the show

In this episode we answer emails from Spencer, Hannalore, Keith and Claire.  We discuss a new article at Portfolio Charts, leveraged intermediate treasury bonds and their possibilities and implications, and invitations for ads.Links:Ingredients Article:  Three Secret Ingredients of the Most Efficient Portfolios – Portfolio ChartsBias-Variance Dilemma Episodes:  Podcast #49| Risk Parity Radio; Podcast #64| Risk Parity Radio; Podcast #66| Risk Parity RadioHannalore's Seeking Alpha Article:  TYA: A Better Version Of TLT And My Top Fixed-Income Pick (NASDAQ:TLT) | Seeking AlphaTYA Fund Page:  TYA Simplify Risk Parity Treasury ETF | SimplifyPortfolio Visualizer Analyzer Analysis of TYD:  Backtest Portfolio Asset Allocation (portfoliovisualizer.com)Keith's Bogleheads Forum Link:  Modified versions of HFEA with ITT and Futures / Lifecycle Investing with Modern Portfolio Theory - Bogleheads.orgKeith's Beta Article Link:  Betting against Beta (and Gamma) Using Government Bonds - Federal Reserve Bank of New York - FEDERAL RESERVE BANK of NEW YORK (newyorkfed.org)Support the show