Risk Parity Radio

In this episode we answer emails from Andy, MyContactInfo and James The Flatterer.  We discuss factor investing in detail, why it is better than prior approaches and how to use it, why using valuation methods is beyond the skills of most amateurs and financial advisors and more fun with Wisdom Tree Funds.Links:Factor Investing Article 1:  Factor Investing Definition (investopedia.com)Factor Investing Article 2:  Factor investing - WikipediaCorrelation Analysis of Golden Ratio Factor Funds:  Asset Correlations (portfoliovisualizer.com)The Current Portfolio of James:  Backtest Portfolio Asset Allocation (portfoliovisualizer.com)Support the show

In this episode we answer emails from Chas, Javen and Pankaj.  We discuss using Berkshire Hathaway in a risk parity-style portfolio, Direxion mutual funds, taxable account considerations (again) and international stock funds (again).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:Direxion Mutual Funds:  Direxion Mutual Funds | DirexionEpisode 27 Re Utilities:  Podcast #27| Risk Parity RadioCorrelation Analysis Of Several International Funds:  Asset Correlations (portfoliovisualizer.com)Support the show

In this episode we celebrate George's generosity and answer emails from Jeff, Kyle, Richard, Jamie and MyContactInfo.  We discuss ulcer indexes and where to find them, leveraged ETFs and rebalancing, tag GDE again, have a lengthy frolic and detour into commodities funds and how they work, and rant a little more about the financial services industry.Links:The Father McKenna Center:  Home - Father McKenna CenterPortfolio Charts Drawdown Calculator with Ulcer Index:  DRAWDOWNS – Portfolio ChartsOptimal Rebalancing Article:  Optimal Rebalancing – Time Horizons Vs Tolerance Bands (kitces.com)Bloomberg Commodity Index:  Bloomberg Commodity Index - WikipediaDeutsche Bank Liquid Commodity Index:  Deutsche Bank Liquid Commodity Index - WikipediaCommodities Fund Article:  Investing in Commodity ETFs (investopedia.com)ETF Database -- Commodities Funds:  Commodities ETFs (etfdb.com)Risk Parity Chronicles re Assets for Inflation:  Best Asset Classes for Surviving Inflation: a test (riskparitychronicles.com)Support the show

In this episode we answer emails from MyContactInfo (x2), Chris and Karen.  We discuss annuities and conflicts in the financial services industry and why efficient solutions are disfavored, tax considerations for accumulation risk parity portfolios and the joys of budgeting.  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:Interview of Fairfax County Pension Investment Managers:  7 Allocator Series: Learnings from Fairfax County ft. Katherine Molnar and Andrew Spellar— April 6th, 2022 | Top Traders UnpluggedMonte Carlo Simulator At Portfolio Visualizer:  Monte Carlo Simulation (portfoliovisualizer.com)Support the show

In this episode we answer questions from Doron, George, Eddie J. and Alexi (a/k/a "Duder").  We discuss the Macro-Allocation Principle and when to diversify your stock portfolio, what to do with dividends,  experimenting with leveraged two-fund portfolios and options for investing in volatility and managed futures/trend following with the Dude.We also talk about reaching 250,000 downloads and about what's happening over at Risk Parity Chronicles.Links:Johnny Ball and his Pentagram:  Drawing an Egg (with a Pentagon) - Numberphile - YouTubeRisk Parity Chronicles post re Backtester Tool:  Portfolio Backtest Shortcut Tool explainer (riskparitychronicles.com)Risk Parity Chronicles tutorial:  Screencast for Portfolio Backtest Shortcut Tool - YouTubeRisk Parity Chronicles Inflation Post:  Best Asset Classes for Surviving Inflation: a test (riskparitychronicles.com)The Dude's Proposed Dragon-Type Portfolio:  Backtest Portfolio Asset Allocation (portfoliovisualizer.com)The Dude's Portfolio Correlation Analysis:  Asset Correlations (portfoliovisualizer.com)Support the show

In this episode we answer emails from Paul, MyContactInfo, Alex and Marvin.  We discuss Paul's sample portfolio construction, inherent conflicts of interest in financial media and the financial services industry, new Wisdom Tree Funds GDE and GDMN and more conflicts of interest from popular personal finance personalities involving day care centers and milk shake drinkers.Links:Portfolio Visualizer Analysis Of Paul's Portfolio:   Backtest Portfolio Asset Class Allocation (portfoliovisualizer.com)Portfolio Charts Analyzer:  MY PORTFOLIO – Portfolio ChartsWhere Are The Customer's Yachts Book:  Where Are the Customers' Yachts?: Or a Good Hard Look at Wall Street by Fred Schwed Jr. | GoodreadsSupport the show

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