Risk Parity Radio

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

In this episode we answer emails from MyContactInfo, the Nameless One, Jeff, Alexi (a/k/a Dude), and another Jeff.  We talk about leveraged ETFs (briefly), thoughts about changes in the Global Monetary System, another portfolio site, ETFs KBWR and KBWP and efficient accumulation.Links:Ray Dalio's Latest Book:  Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail - Kindle edition by Dalio, Ray. Politics & Social Sciences Kindle eBooks @ Amazon.com.Lords of Finance Book:  Lords of Finance: The Bankers Who Broke the World by Liaquat Ahamed | GoodreadsLazy Portfolio Site:  Lazy Portfolios and ETF composition (lazyportfolioetf.com)Asset Correlations of KBWR and KBWP:  Asset Correlations (portfoliovisualizer.com)Support the show

In this episode we answer emails from Soo-New, Monika, Jeff and Jack.  We discuss building out a risk parity portfolio in multiple accounts, the perils of membership in the Risk Parity Radio Club, the latest fads and gimmicks in Direct Indexing, how to consider and compare investing in different countries with Country Risk Factors and the intellectual perils of the Possibility Effect.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:Country Risk Factors:  Assess Country Risk (trade.gov)Bailout Nation Book:   Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy by Barry Ritholtz | GoodreadsSupport the show

In this episode we answer emails from Jamie, Jean-Luc and Geordi.  We discuss a paper about REITs as a separate asset class, what to do about struggling bond funds, the value of small-cap value and choosing a retirement portfolio in line with Bill Bengen's recommendations.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:Jamie's Article -- Are REITs A Distinct Asset Class?:  delivery.php (ssrn.com)Correlation Matrix for Small Caps:  Asset Correlations (portfoliovisualizer.com)YouTube Video re Retirement Spending Calculator:  Tutorial #1: Portfolio Charts Retirement Spending Calculator - YouTubeYouTube Video re Monte Carlo Simulator:  Tutorial #4: Portfolio Visualizer Monte Carlo Simulator -- Introduction - YouTubeRisk Parity Isn't What You Think It Is:  Corey Hoffstein: Risk Parity Isn't What You Think It Is - YouTubeSupport the show