Risk Parity Radio

In this episode we answer emails from Eric, Colin and  Chris.  We discuss the pros and cons of Interactive Brokers, the generally useless nature of private equity, David Stein's Asset Gardening approach, and stagflation.   And that's the way it was and we liked it!Links:Correlation Analysis of Private Equity Fund (PSP):  Asset Correlations (portfoliovisualizer.com)Article about stagflation and the origin of the term: Stagflation Definition (investopedia.com)Support the show

In this episode we answer emails from MyContactInfo, Nancy and Anderson.   We discuss why I'm not writing a book any time soon, the performance stats on the Portfolios Page, when I might consider a simple annuity and why I don't like financial personality profiling, and the difficulties of adding leverage in portfolio downturns.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:Money for the Rest of Us Podcast about Annuities:    279: Why All Retirees Should Consider an Income Annuity - Money For The Rest of Us - | Money For The Rest of UsImmediate Annuities Website:  Immediate Annuities - Income Annuity Quote Calculator - ImmediateAnnuities.comBlue Zones Longevity Test:  Live Longer, Better - Blue ZonesThe Drive Podcast:  The Peter Attia Drive Podcast - Peter Attia (peterattiamd.com)Support the show

In this episode we answer emails from MyContactInfo, Jeff, Liah and Andrin.  We discuss asset pricing models, the history of economics and Bogle's Cost Matter Hypothesis, Emerson and Foolish Consistencies and the FTSE All World GDP Weighted Index.Links:Self-Reliance:  Self-Reliance: Change Your Life For The Better - Ralph Waldo Emerson (emersoncentral.com)Self-Reliance Audio:  Self-Reliance Ralph Waldo Emerson Audio Book - YouTubeFTSE All-World Index:   GDP-Weighted-Paper.pdf (ftserussell.com)ACWI Fund Page:   iShares MSCI ACWI ETF | ACWISupport the show

In this episode we answer emails from Julie T, Geordi and Justin.  We discuss mechanisms for withdrawals from retirement portfolios, transitioning portfolios as you get close to retirement and the whys and hows of adding new investments to a portfolio.And THEN we our go through our weekly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio.David Stein's Ten Questions to Master Investing for reference: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?Support the show

In this episode we answer emails from Brian, Grant and MyContactInfo.  We discuss rebalancing mechanisms and rules for various kinds of portfolios and the big discount brokers.Links:Optimized Rebalancing Article:  Optimal Rebalancing – Time Horizons Vs Tolerance Bands (kitces.com)Brian's Golden Butterfly with Annual Rebalancing:  Backtest Portfolio Asset Class Allocation Brian #1  (portfoliovisualizer.com)Brian's Golden Butterfly with Rebalancing Bands:  Backtest Portfolio Asset Class Allocation Brian #2  (portfoliovisualizer.com)A Rebalancing Band Improvement on Those Two:  https://tinyurl.com/2p8rm2wsGrant's Leveraged Portfolio with Monthly Data:   https://tinyurl.com/58wakx33Grant's Google Spreadsheet:  https://docs.google.com/spreadsheets/d/1Bz8uwpSYkMSaBZjc7vaF7nL7i5B4dKl7XyKXj2D3HVU/edit?usp=sharingMyContactInfo Vanguard Link:  What sets us apart from other asset management firms (vanguard.com)Article re Schwab re Intelligent Investor Funds:  Schwab to Pay SEC $186M Over ‘No Hidden Fee’ Claims for Cash-Heavy Robo | ThinkAdvisorSupport the show

In this episode we answer emails from Kirk, MyContactInfo and Holly.  We revisit QREARX, Episode 179 and Correlation Metrics, and then we entertain Holly's requests for book recommendations.  And I forgot to recommend "Money For The Rest Of Us" by J. David Stein in that segment.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:TIAA QREARX Summary:  TIAA Real Estate AccountRisk Parity Books at Risk Parity Chronicles:  Top 10 Risk Parity Resources: #10... Shahidi (2021) (riskparitychronicles.com)"Taking Stock" by Jordan Grumet (Doc G):  Taking Stock: A Hospice Doctor's Advice on Financial Independence, Building Wealth, and Living a Regret-Free Life: Grumet, Jordan, Robin, Vicki: 9781646043545: Amazon.com: Books"Money for the Rest of Us" book:  Money for the Rest of Us: 10 Questions to Master Successful Investing: Stein, J. David: 9781260453867: Books (amazon.com)RSA Animate Video: RSA ANIMATE: Drive: The surprising truth about what motivates us - YouTubeProspecting Mimetic Fractals:  The Lenses of Wisdom - Prospecting Mimetic FractalsSupport the show

In this episode we answer emails from Karen, Ron, Brian and Paul.  We discuss shameless plugs for my family and friends and other considerations in selecting a financial advisor/manager, the full cycle of investing and Paul's value- and Iowa-focused portfolio.Links:Bridget Patel (better call her):  Bridget Patel - Profile | Alliance of Comprehensive Planners Community (acplanners.org)Values Added Financial:  About Us – Values Added FinancialHolly Grosvenor:  Microstuff.com - Financial coaching helping you and your family gain Financial confidence - MicrostuffCody Garrett:  Meet Cody - Measure Twice FinancialKitces Interview of Cody Garrett:  Using An Advice-Only Approach To Grow With DIY Validators (kitces.com)OLIO Financial:  OLIO Financial Planning (meetolio.com)Kitces Interview of Andrew Miller:  Replacing The AUM Fee With A Complexity-Based Fee (kitces.com)Paul's Portfolio And Comparison:  Backtest Portfolio Asset Allocation (portfoliovisualizer.com)Support the show

In this episode we answer emails from George, Grant, Visitor #4090, Justin and Lili.  We discuss the long-time usage and popularity of risk parity concepts by professional investors, a levered Golden Butterfly portfolio, the website chat function, Japan, crypto (a little) and consulting services.  And my general laziness.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:AQR Paper "Understanding Risk Parity":  Understanding Risk Parity (aqr.com)Recent Cliff Asness Interview:   Cliff Asness: Value Stocks Still Look Like a Bargain | The Long View (simplecast.com)Risk Parity Chronicles Resource References:  Resources - Risk Parity ChroniclesGrant's Levered Golden Butterfly Portfolio:  Backtest Portfolio Asset Allocation (portfoliovisualizer.com)ETF Database -- Levered Funds:  Leveraged Equity ETF List (etfdb.com)Support the show

In this episode we answer emails from Andrew, Visitor #4691, Nate, and MyContactInfo.  We discuss the new-age-old question about passive indexing and market efficiency, the intersection between the ideas of Max Planck and Ralph Waldo Emerson and how it applies to the development of ideas in portfolio construction, using ZROZ to tax-loss harvest TLT and observations about the promotion by the financial services industry of direct indexing and tax loss harvesting services.Links:Max Planck's Principle:  Planck's principle - WikipediaBen Carlson Article about Indexing:  Who Owns All the Stocks & Bonds? (awealthofcommonsense.com)Portfolio Charts Portfolio List:  Portfolios – Portfolio ChartsOptimized Portfolios Lazy Portfolio List:  52 Lazy Portfolios and Their ETF Pies for M1 Finance (2022) (optimizedportfolio.com)Risk Parity Chronicles Mega-Resources Pages:  Resources - Risk Parity ChroniclesPerfect 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: BooksWhite Coat Investor Tax Loss Harvesting Article:  The Case Against Tax-Loss Harvesting | White Coat InvestorSupport the show

In this episode we answer emails from Steve, Judy and Geordi.  We discuss the data surrounding stock/treasury bond correlations back to 1952, when and why you might want to hold bonds and a process for figuring that out and my takes on The Simple Path To Wealth.  With detours into prison jumpsuits, SpongeBob and  Ray Liotta.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:Flights To Safety Treasury Bond Correlation Paper:  delivery.php (ssrn.com)Choose FI "Role of Bonds in a Portfolio" podcast:  The Role Of Bonds In A Portfolio | Ep 194 - ChooseFIKitces Four Phases of Investing Article:  The Four Phases Of Saving For Retirement (kitces.com)Support the show