Risk Parity Radio

In this episode we answer emails from MyContactInfo (x2), William and Peter.   We discuss how brokerages and cars are alike, a correlation episode reference, analyzing a portfolio with Fidelity Select Funds in it (and other things) and transitions from VTSAX to some small cap cowbell and then to a Golden Ratio portfolio for retirement.Links:I'm Not Leaving Vanguard Article:  Why I’m Not Leaving Vanguard | ETF.com60/40 Is Still Alive Article:  Like the phoenix, the 60/40 portfolio will rise again (vanguard.com)Morningstar Fund Analysis Tool:  FSRPX – Portfolio – Fidelity® Select Retailing | MorningstarAsset Correlation Analysis Of Will's Portfolio:  Asset Correlations (portfoliovisualizer.com)ChooseFI Podcast Episode 194 About Bonds:  The Role Of Bonds In A Portfolio | Ep 194 | ChooseFISupport the show

In this episode we answer emails from Visitor #1109, Keith and Brad.  We discuss Dunn Capital and Managed Futures funds, our podcast charity -- the Father McKenna Center --, and Mutiny Fund's "Cockroach Portfolio".And THEN we our go through our weekly and monthly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio.Additional Links:Dunn Capital:  Home - Dunn CapitalTop Traders Unplugged Podcast:  Top Traders UnpluggedMutiny Fund's Cockroach Portfolio:  The Cockroach Portfolio - Mutiny FundSupport the show

In this episode we answer emails from MyContactInfo (x2), Chris, and Andrew.  We discuss "The Myth of Private Equity" by Jeff Hooke,  the paradox of skill and how it is applied in garden-based portfolio construction, volatility targeting as a decision making mechanism for investing and my gout, my podcast musical selections and the security of the Golden Ratio portfolio.  And we throw in a yield curve inversion video.  We do it all here.Links:The Myth of Private Equity book:  The Myth of Private Equity | Columbia University PressInterview of Jeff Hooke:  361 – Jeff Hooke, Johns Hopkins - The Myth of Private Equity - YouTubeParadox of Skill Article:  The Paradox of Skill - Farnam StreetPrimer on Volatility Targeting:  An Introduction to Volatility Targeting - QuantPediaInterview of Campbell Harvey re Yield Curve Inversion:  Predicting Economic Activity with Yield Curves - YouTubeSupport the show

In this annual feature we discuss how we rebalanced four of the sample portfolios you can find at Portfolios | Risk Parity Radio and have frolics and detours into discussions of bucket strategies, crypto-funds and the details of the Risk Parity Ultimate sample portfolio.  We also highlight a new video tutorial from Justin at Risk Parity Chronicles about the Risk/Return tool at Portfolio Charts and do our weekly portfolio reviews of all seven sample portfolios.Links:Risk Parity Chronicles post and tutorial:  Portfolio Charts Risk/Return Chart Tutorial (riskparitychronicles.com)YouTube Link to tutorial:  PC Risk/Return Chart Tutorial - YouTubeInterview of the originator of the "bucket strategy":  Conversation with the Father of the Bucket Strategy--Harold Evensky - YouTubeRisk Parity Ultimate Portfolio Correlations Matrix:  Asset Correlations (portfoliovisualizer.com)Risk Parity Ultimate Portfolio Backtest:   Backtest Portfolio Asset Allocation (portfoliovisualizer.com)Support the show

In this episode we answer emails from Anderson, Aaron, Anna and Travis.  We discuss how to use Portfolio Visualizer to compare portfolios on a particular time-frame using samples and a 60/40, where to address any data issues to Portfolio Charts and Portfolio Visualizer, and the current frustrations many are having with using Vanguard.  And then we consult a crystal ball to help a six-year old child.Links:Comparison of Golden Butterfly, Golden Ratio and 60/40 Portfolios:  Backtest Portfolio Asset Allocation (portfoliovisualizer.com)Portfolio Charts Data Page:  Data Sources – Portfolio ChartsPortfolio Visualizer FAQ Page (Data Sources at Bottom):  Frequently Asked Questions (portfoliovisualizer.com)Support the show

In this episode we answer emails from Jody, Neil and The Nameless One.  We discuss the basic ideas of portfolio constructions and the tools for doing it, the Golden Ratio portfolio and gold itself, and more I-bond suggestions and links.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 Charts Portfolio Examples:  Portfolios – Portfolio ChartsPortfolio Finder Tool:   PORTFOLIO FINDER – Portfolio ChartsPortfolio Matrix Tool:  PORTFOLIO MATRIX – Portfolio ChartsPortfolio Risk and Return Tool:  RISK AND RETURN – Portfolio ChartsAsset Correlation Tool:  Asset Correlations (portfoliovisualizer.com)Risk Parity Chronicles Resources:  Resources - Risk Parity ChroniclesThe Perfect 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 | GoodreadsNameless One's I-bond Articles:  I Bonds Archives - The Finance BuffSupport the show

In this episode we answer emails from MyContactInfo, Rob and Justin.  We discuss a paper about GDP and the problems with using it to predict stock market returns, why China may never overtake the U.S. and ascend to reserve currency status and a most excellent rebalancing resource you can find at the Risk Parity Chronicles website and blog.Links:Economic Growth and Equity Returns Paper:  Microsoft Word - EconGrowth.doc (ssrn.com)GDP Article:  Gross domestic product - WikipediaRisk Parity Chronicles Rebalancing Resource:    Version 1.1 of the Simple Portfolio Rebalancing Spreadsheet (riskparitychronicles.com)Support the show

In this episode we answer emails from Paul, Soo-New and Geordi.  We discuss using the AVUV fund for your small cap value allocation, the timing of withdrawals to reduce stress and crystal balls, and small cap value vs. small cap blend funds.  And we reference an article at Portfolio Charts reviewing common portfolios' performances in the first half of 2022.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:Asset Correlation Analysis of IJR and IJS:  Asset Correlations (portfoliovisualizer.com)Portfolio Charts First Half of 2022 Portfolio Reviews:  Halfway to Nowhere: 2022 Mid-Year Portfolio Rankings – Portfolio ChartsSupport the show

In this episode we answer emails from MyContactInfo, Brett and Jamie.   We discussed inherent biases, rolling over a TSP portfolio and reallocating it at Fidelity with or without a crystal ball, have a lengthy talk about allocations to managed futures and the difficulties in analyzing them, and SCO, a short oil futures ETF.Links:Gwen's Frustrations With A Rollover:  Navigating The Archaic, Convoluted, Confusing, And Utterly Enraging 401(k) Rollover Process | Fiery MillennialsPatrick Boyle's Investment Musings In An Entertaining Accent:  Investing In An Inflationary Environment! - YouTubeArtemis Capital's Hawk And Serpent Paper:  DocSendCME Paper Re CTA Indexes:  a-comparison-of-cta-indexes.pdf (cmegroup.com)Support the show

In this episode we answer questions from Matsui, FuriousRiskParityInvestor and Paul.  We discuss why we have chosen excessively aggressive withdrawal rates for the sample portfolios, revisit treasury bond correlation issues and why smaller allocations to long-term treasuries make more sense than larger allocations to intermediate treasury bonds in most risk parity style portfolios. And THEN we our go through our weekly and monthly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio.Additional Links:Flights To Safety Treasury Bond Correlation Paper from Episode 176:  delivery.php (ssrn.com)Analysis of Golden Butterfly variations with intermediate treasury bonds:  Backtest Portfolio Asset Class Allocation (portfoliovisualizer.com)Support the show