Risk Parity Radio

In this episode we answer emails from Luis from Brazil, Paul, Alexi (His Dude-ness), and MyContactInfo (a different one).  We discuss how to analyze Brazilian TIPs and other role-based assets, the trials and tribulations of treasury bonds, the oddly extraordinary performance of property and casualty insurance companies in times like these,  tax considerations in fund-picking and what concentrations in particular stock fund sectors do in risk-parity portfolios.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:Analysis of QQQ portfolio vs KBWP portfolio:  Backtest Portfolio Asset Allocation (portfoliovisualizer.com)Risk Parity Chronicles blog and website:  Risk Parity ChroniclesSupport the show

In this episode we announce the roll out of the Risk Parity Chronicles blog and website from our listener Justin.  We also address emails from MyContactInfo, Spencer, Satoshi and Andre.  We discuss an interview of Eugene Fama about the war in the Ukraine, the ETF SAA (ProShares 2x Small Cap), the inherent problems with analyzing gold in a portfolio pre-1971 and related issues, and how to value a property to be inherited.Links:Justin's Risk Parity Chronicles blog and website:  Risk Parity Chronicles  Summary of Eugene Fama Interview:  Fama: It’s Putin who’s irrational, not the markets | The Evidence-Based Investor (evidenceinvestor.com)Next Level Life Analysis of Golden Butterfly Portfolio:  The Golden Butterfly Investing Strategy Explained (Most CONSISTENT Investing Strategy Ever?) - YouTubeArticle Regarding the London Gold Pool of the 1960s:   London Gold Pool - WikipediaSupport the show

In this episode we address emails from Thomas, Karen and Jeffrey.  We discuss high-performing two-fund portfolios, Bill Bengen and Michael Kitces missiles into the Deathstar's crystal balls and exhaust ports, Karen's portfolio management, an updated and improved shortcut tool for analyses at Portfolio Visualizer and Portfolio Charts, and a query about investing in energy sector stocks.And THEN we scare you with our weekly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio.Additional links:NTSX/GLD portfolio and comparison analysis:  Backtest Portfolio Asset Allocation (portfoliovisualizer.com)Bill Bengen Critique of Morningstar Study:  Is It Now the “3.3% Rule”? - Articles - Advisor PerspectivesMichael Kitces Critique of Morningstar Study:  Can Morningstar's Withdrawal Rate Report Refute The 4% Rule? (kitces.com)Karen's Mod to Mark's Most Excellent Portfolio Shortcutter Tool:  Karen's update to Mark's Shortcutter - asset class support and older funds - Google SheetsPortfolio Visualizer Energy Sector Analysis:  Backtest Portfolio Asset Allocation (portfoliovisualizer.com)Support the show

In this episode we begin with a rant about a Think Advisor article about what financial services is all about -- the PARTY CIRCUIT.  And the we address emails from the Nameless One, Kyu, Brian and Eric.  We discuss the original Permanent Portfolio and modifications to the Golden Butterfly portfolio, the tax feature of the Portfolio Visualizer Monte Carlo simulator, efficient allocations in taxable, tax-deferred and tax protected accounts, considerations surrounding expected returns of asset classes and the problems with cash drags in portfolio construction, and the BITW fund and alternatives.Links:Think Advisor article:  How Advisors Do the Party Circuit | ThinkAdvisor"Nimble Golden Butterfly" modifications:  Backtest Portfolio Asset Class Allocation (portfoliovisualizer.com)Risk Parity Radio Tutorial Video re Portfolio Visualizer Monte Carlo Simulator:  Tutorial #4: Portfolio Visualizer Monte Carlo Simulator -- Introduction - YouTubeSupport the show

In this episode we address emails from Julie T., Julie H. Jeff and Colin.  We discuss the automated trading platform Composer, places to learn about crypto and NFTs, the growth factor in equities, the fund PRWCX, a modified Golden Butterfly portfolio, and using ABLE accounts for the "family match".And THEN we scar you with our weekly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio.Additional links:The Composer website:  Composer – Automated trading platform.Modern Finance podcast:  Modern Finance – MoFiProof podcast re NFTs:  PROOFBitcoin Fundamentals podcast:  Bitcoin Fundamentals: A Podcast on Bitcoin - The Investor's Podcast Network (theinvestorspodcast.com)Portfolio Visualizer Growth Fund/Total Stock Fund Correlations:  Asset Correlations (portfoliovisualizer.com)PRWCX vs. Golden Ratio:  Backtest Portfolio Asset Allocation (portfoliovisualizer.com)Colin's Modified Golden Butterfly:   Backtest Portfolio Asset Class Allocation (portfoliovisualizer.com)Support the show

In this episode we give a shout out to our listeners in Ukraine and answer emails from Darren, Jeffrey and Ron.  We discuss World Central Kitchen, comparison tools for non-U.S. funds, the Portfolio Visualizer Financial Goals tool, shorter-term use of risk parity portfolios, the disgusting problem of unwinding poorly performing annuity products and some customized risk-parity style portfolios.Links:World Central Kitchen charity for Ukraine:  World Central Kitchen (wck.org)Marketwatch example of non-U.S. fund:  VWRL | Vanguard FTSE All-World ETF Advanced Charts | MarketWatchPortfolio Visualizer Financial Goals analysis tool:  Financial Goals (portfoliovisualizer.com)Ron's Custom Portfolios:  Backtest Portfolio Asset Allocation (portfoliovisualizer.com)Support the show

In this episode we address emails and messages from Nathan, Michael, MyContactInfo and Visitor 5225.  We discuss correlations of international funds vs. small cap value funds, new international small cap value funds, the plusses and minuses of the Accelerated Permanent Portfolio, Aswath Damdaran and the follies of dividend investing, and my email address.  Whoa!And THEN we look at monthly distributions and returns of the seven sample portfolios you can find at Portfolios | Risk Parity Radio.Additional links:International and small cap value correlation analysis:  Asset Correlations (portfoliovisualizer.com)Bogleheads Podcast Featuring Eduardo Repetto:  Episode 43: Bogleheads on Investing – guest Eduardo Repetto, host Rick Ferri – Rick Ferri, CFAVideo Lecture of Aswath Damodaran re Dividends:    Damodaran on Dividends - YouTubeSupport the show

In this episode we address emails from Chris, Kevin from Canada, Davis, Amy and Mark.  We discuss RPAR's performance issues, A Canadian Anti-Beta ETF and academic analysis of those strategies, using utilities in the Golden Ratio portfolio, frontier markets and international factor funds, decumulation mechanisms and the Golden Ratio sample portfolio, and DFA-like funds.And THEN we put you to sleep with our weekly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio.Additional links:RPAR Fact Sheet:  RPAR Risk Parity ETF (rparetf.com)Anti-Beta Strategies Paper:  Microsoft Word - BettingAgainstBeta - 20101129.doc (nber.org)FM/EEM Correlation Analysis:  Asset Correlations (portfoliovisualizer.com)DFA ETFs table:  Dimensional ETFsSupport the show

In this episode we address emails from Brandon, Scot, Junior, Tony and Chris.   We address using leverage in accumulation portfolios, thanks to Scot, how QYLD resembles a 1987 Chrysler LeBaron, the UPRO stock split (again), and sources of gold data.Links:Ben Felix Video About Leverage:  Investing With Leverage (Borrowing to Invest, Leveraged ETFs) - YouTubeAQR Paper About Leverage:  Alternative Thinking Why Do Most Investors Choose Concentration Over Leverage.pdfPortfolio Visualizer Destruction of QYLD:  Backtest Portfolio Asset Allocation (portfoliovisualizer.com)The 1987 Chrysler LeBaron Convertible:  1987 Chrysler LeBaron Indy Pace Car Convertible - YouTubeChris's Bogleheads Link:  Simba's backtesting spreadsheet - BogleheadsSupport the show

In this episode we attend to emails from Justin, Mycontactinfo, Ron, Bastian and Dustin.   We discuss the UPRO stock split, Dan Pink's Drive and flow states, Laurence Kotlikoff books and the nature of reality and uncertainty, having a look at PICK and EWD, and more variations on the Golden Ratio portfolio.And THEN we put you to sleep with our weekly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio.Additional links:Mark's Cool Portfolio Shortcutter Tool:  https://docs.google.com/spreadsheets/d/1lG18XrJA8-oODSNC0nV2T5nyVPAByU7p901oYn_ECDw/edit#gid=1553040997RSA Animate "Drive" video:   RSA ANIMATE: Drive: The surprising truth about what motivates us - YouTubeKotlikoff's latest book:  Money Magic: An Economist’s Secrets to More Money, Less Risk, and a Better Life: Kotlikoff, Laurence: 9780316541954: Amazon.com: BooksThe Rise of Superman book:  The Rise of Superman: Decoding the Science of Ultimate Human Performance by Steven Kotler | GoodreadsThe Art of Impossible book:  The Art of Impossible: A Peak Performance Primer by Steven Kotler | GoodreadsCorrelation Analysis of PICK and EWD:  Asset Correlations (portfoliovisualizer.com)FXIFX vs. Golden Ratio Portfolio:  Backtest Portfolio Asset Allocation (portfoliovisualizer.com)Support the show