Risk Parity Radio

In this episode we address the Insidious and Insipid Propaganda Campaign of "National Annuity Awareness Month" that is currently plaguing us with coloring books and stickers, among other obscenities.  And then we address emails from Leah (x2), Brian, Tony, Jeffrey and Steven about REITs and money market funds in the Golden Ratio portfolio, leveraged fund portfolios, dynamic asset allocation, the etf TAIL and Strongbad.Links:Dynamic Asset Allocation article:  Dynamic Asset Allocation Definition (investopedia.com)Episodes Regarding the Bias-Variance Tradeoff (or Dilemma) and Risk vs. Uncertainty: Podcast Episode 49 | Risk Parity RadioPodcast Episode 66 | Risk Parity RadioPodcast Episode 64 | Risk Parity RadioChocolate Vinegar Cake Episode:  Podcast Episode 16 | Risk Parity RadioSupport the show

In this episode we answer emails from Richard, Kyle, Chris and two Brians.  We discuss Richard's portfolio, using NTSX for smaller amounts of leverage, a 90% stock portfolio, PFFD vs. PFF and a TIPs redux.  After that we proceed to our weekly reviews of the six sample risk-parity style portfolios you can find at Portfolios | Risk Parity RadioAdditional Links:Richard's Portfolio vs. Modified Golden Ratio Analysis:  Backtest Portfolio Asset Allocation (portfoliovisualizer.com)NTSX Sample Portfolios:  NTSX Portfolios (portfoliovisualizer.com)Efficient Frontier Calculator:  Efficient Frontier Forecast (portfoliovisualizer.com)Article About PFFD:  Preferred Stock ETFs: Taking A Closer Look At PFFD, PFFR, PSK | Seeking AlphaSupport the show

In this episode we answer emails from Bastian, Patrice, Jeff and Keith, about investing in Sweden and currency issues, Fundrise, a troublesome annuity product in a 403b and a managed futures reference.  Then we proceed with an analysis of I-bonds from the U.S. Government using David Stein's Ten Questions to Master Investing: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?Links:Portfolio Charts Fund Finder:  FUND FINDER – Portfolio ChartsMeb Faber Podcast #225:  Episode #225: Eric Crittenden, Standpoint Asset Management, “I Enjoy Trying To Win A Marathon Rather Than Winning Sprints” | Meb Faber Research - Stock Market and Investing BlogTreasury Direct I-Bonds In Depth:  Individual - Series I Savings Bonds (treasurydirect.gov)Treasury Direct I-Bonds FAQ:  Individual - Series I Savings Bonds FAQs (treasurydirect.gov)Support the show

In this episode I make an announcement about my willingness to do financial coaching and address emails from Randy, Kristen, Freya, Kyu, TK, Davis, Robyn and Iveta.  We discuss UPRO, my quirky sense of humor, commodities funds, safe and perpetual withdrawal rates, gliding into retirement with a Fortress of Solitude, multi-factor ETFs, All Seasons portfolio as an emergency fund and compared with VASIX, and my limitations (on guests).Links:UPRO Holdings:  ProShares UltraPro S&P500 | UPRO | Daily Holdings | ProShares ETFsPortfolio Charts Fund Finder:  FUND FINDER – Portfolio ChartsPortfolio Charts Golden Butterfly Analysis:  Golden Butterfly – Portfolio ChartsPortfolio Charts 60/40 Analysis:  Classic 60-40 – Portfolio ChartsVASIX vs. All Seasons Analysis:  Backtest Portfolio Asset Class Allocation (portfoliovisualizer.com)John Goodman -- Gambler -- "Fortress of Solitude" Speech:  The Fortress of Solitude Position  (John Goodman in The Gambler) - YouTubeSupport the show

In this episode we answer questions from Rune, Patrice, Franklin and Jeff about coasting in to retirement, the key differences between 100% equity and risk-parity style portfolios, fun with statistical metrics, adjusting a high-income high-equity portfolio situation in transition to retirement, leveraged funds and converting company stock to index funds.  And after all that, we do our weekly and monthly reviews of the six sample risk-parity style portfolios you can find at Portfolios | Risk Parity RadioAdditional links:Sharpe Ratio:  Sharpe Ratio Definition (investopedia.com)Portfolio Charts Golden Butterfly Example Of Tight Variance:   Golden Butterfly – Portfolio ChartsPortfolio Visualizer Asset Correlation Calculator (Covariance):  Asset Correlations (portfoliovisualizer.com)How NOT To Invest:  Podcast 9| Risk Parity RadioSupport the show

In this episode we answer emails from Melissa, Nick, Don, Matt H (x2), Andrew (x2) and Keith.  We dive into short-term correlations, agreements with Big Ern on ultra-conservative portfolios, Fractal vs Gaussian mathematics (oh, boy!), taunting Wealthfront a second time, and I-bonds preview,  leveraged etf portfolios,  VBR vs. VIOV, M1 pies, what's going on with Gamestop in VIOV and the Fama-French Three-Factor Model.  Are you ready for this?Links:Sample Portfolios Page:  Portfolios | Risk Parity RadioRational Reminder Podcast #151:  The Rational Reminder Podcast: Professor Brad Cornell: A Skeptic’s Look at the Cross Section of Expected Returns (EP.151) (libsyn.com)Optimized Portfolios Site:  Leverage | Optimized PortfolioMethodologies for S&P Style Factors and Funds:  S&P Methodologies PaperIntro to Fama-French Three-Factor Model:  Fama and French Three Factor Model (investopedia.com)Support the show

In this episode we analyze QYLD, the Global X Nasdaq 100 Covered Call ETF, using David Stein's Ten Questions to Master Investing: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?Additional links:QYLD Fact Sheet:    QYLD-factsheet.pdf (globalxetfs.com)QYLD Summary Prospectus:   Global X ETFsQYLD Correlation Analysis:  QYLD Asset Correlations (portfoliovisualizer.com)   QYLD Comparison Backtest in Golden Butterfly:  QYLD Backtest (portfoliovisualizer.com)Support the show

In this episode we answer questions from Jamie, Zach, Keith, Ian, Aldo and Brad.  We discuss asset allocations in Roths vs. Traditional, the Risk Parity Radio logo, the virtues of long term treasury bonds, building your stock allocation, doing risk parity from Switzerland and short-term (daily) correlations.  Then we move to our weekly portfolio reviews of the sample portfolios you can find at The Risk Parity Radio Portfolios PageLinks:Portfolio Charts New Fund Finder:  FUND FINDER – Portfolio ChartsOptimized Portfolio M1 Selections:   "m1" | Optimized PortfolioSupport the show

In this episode we answer questions from Falco, Tim, Jeff, Adam, Phil, "Steve" and Nick about building an intermediate-life risk parity portfolio, a Ben Felix allocation video, building up or selling into a risk parity portfolio, a 42.5/42.5/15 portfolio, figuring it out for a UK national in the Middle East, setting it up after moving from Africa, and a bond basics review.  Whew!Link to Adam's 42.5/42.5/15 backtest analysis:  Backtest Portfolio Asset Class Allocation (portfoliovisualizer.com)Support the show

In this episode we answer questions from Russell, Carter, the Mysterious Visitor 4541, Own and Travis about portfolios in the accumulation phase, PFF, REET vs. VNQ/VNQI, going into drawdown with  a large taxable account, and inflation and TLT.  Then we move to our weekly portfolio reviews of the sample portfolios you can find at The Risk Parity Radio Portfolios PageLink to referenced Seeking Alpha Article on REITs:  REET Vs. VNQI (ETF): The Better Way To Play International Real Estate | Seeking AlphaSupport the show