Risk Parity Radio

In this episode we answer emails from Dan, Chas and Sam.  We discuss some aspects of a new Risk Parity book, the poor performance and problems with TIPs, sub-portfolio constructions, using a correlation analysis to determine which non-U.S. funds to use,  which bond funds to use, why you shouldn't pay attention to proposed legislation, more on international funds and how to find the podcast where your email is answered.And THEN we our go through our weekly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio.  We also review the lackluster annual performances of RPAR and other professional risk-parity style funds.  Note that RPAR is run by the author of the book discussed in answer to the first question.Additional links:  Father McKenna Center Donation Page:  Donate - Father McKenna CenterCommodity Producers ETFs list:  Commodity Producers Equities ETFs (etfdb.com)Original RPAR Episode:  Podcast #31| Risk Parity RadioCorrelation Analysis of Chas's Proposed Funds:  Asset Correlations (portfoliovisualizer.com)Support the show

In this episode we invite listener Alexi into the den to discuss a variety of topic on his mind.  These include gold, municipal bond fund TFI, assorted risk-parity portfolio constructions, the Big Lebowski, gambling problems and leveraged funds, choices in small cap value funds, problems with the M1 platform and liquidity issues, the relationship between the traditional 60/40 portfolio and the Golden Ratio, asset classes that perform well in various growth/inflation quadrants, and the drawbacks to TIPS and other inert allocations.Links:Episode 40 re Gold:  Podcast #40| Risk Parity RadioSafe Withdrawal Rate  #34 re Gold:  Using Gold as a Hedge against Sequence Risk – SWR Series Part 34 – Early Retirement NowThree Ingredients Article re Gold:  Three Secret Ingredients of the Most Efficient Portfolios – Portfolio ChartsResolve Asset Management White Paper Download Link:  Return Stacking: Strategies For Overcoming a Low Return Environment (investresolve.com)"Buffett's Alpha" White Paper:  Buffett’s Alpha (tandfonline.com)Alexi's article link (last question) re Quadrants and Assets:   Structural Diversification for All Seasons - ReSolve Asset Management (investresolve.com)Support the show

In this episode we answer emails from Christer, Craig and Scott.  We discuss synthetically modelling SWAN on Portfolio Visualizer, how using the MAR metric (and others) reveals superior performance for risk-parity-style portfolios, how NOT to predict future treasury bond rates in the context of the Golden Butterfly portfolio, and the foolish consistencies and nonsensical ravings of those who attempt such things.And THEN we our go through our weekly and monthly (and a bit of annual) portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio.Additional Links:Comparison of Synthetic SWAN Models:  SWAN Backtest Portfolio Asset Allocation (portfoliovisualizer.com)Craig's Article About The MAR Metric:  How to Set achievable CAGR & Drawdown targets for stock portfolio (enlightenedstocktrading.com)Comparison of VWENX and Sample Golden Ratio Portfolios:  Backtest VWENX Vs. Golden Ratio Asset Allocations (portfoliovisualizer.com)Additional Sample Leverage Portfolio On M1:  Levered Risk Parity Pie | M1 FinanceSupport the show

In this episode, we answer emails from Adam, Amit, Jeffrey and Kevin.  We discuss  alternative theoretical withdrawal strategies and tools to model them, practical considerations for withdrawals, milkshakes, the differences between the sample portfolios and their withdrawal percentages, Torqemada, modeling leveraged accumulation portfolios, the ups and downs of growth funds and value funds, and Kevin's desires for More Cowbell.Links:Monte Carlo simulation with a life expectancy withdrawal strategy:  Monte Carlo Simulation (portfoliovisualizer.com)Portfolio Charts Retirement Spending Calculator:  RETIREMENT SPENDING – Portfolio ChartsYouTube Tutorial For Retirement Spending Calculator:  Tutorial #1: Portfolio Charts Retirement Spending Calculator - YouTubeBen Felix Video On Using Leverage:  Investing With Leverage (Borrowing to Invest, Leveraged ETFs) - YouTubePortfolio Visualizer Simulated Accumulation In Three Portfolios:  Backtest Portfolio Asset Allocation (portfoliovisualizer.com)Sample M1 Leveraged Portfolio (and others):  M1 Pies: Manage and Optimize Your Portfolio Like a Pro (choosefi.com)Support the show

In this episode we address emails from Alexi, Ron, Niklas, Jody and Brian.  We discuss levered portfolios, Spinal Tap, the fabulous generosity of our listeners, currency risk, website data improvements, and options for a 20-something with or without leverage.  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:REIT Episodes:  Podcast #19 and Podcast #21| Risk Parity RadioMega REIT Correlation Matrix:  Asset Correlations -- lotsa REITSSimplify SPYC ETF:  SPYC Simplify US Equity PLUS Convexity ETF | SimplifyAlexi's Leveraged Portfolio:  Backtest Portfolio Asset Allocation (portfoliovisualizer.com)Alexi's Portfolio Correlation Matrix:  Asset Correlations (portfoliovisualizer.com)Unicorn Bay Correlation Analyzer:  Asset Correlations for Free | Unicorn BaySupport the show

In this episode we answer emails from Spencer, Hannalore, Keith and Claire.  We discuss a new article at Portfolio Charts, leveraged intermediate treasury bonds and their possibilities and implications, and invitations for ads.Links:Ingredients Article:  Three Secret Ingredients of the Most Efficient Portfolios – Portfolio ChartsBias-Variance Dilemma Episodes:  Podcast #49| Risk Parity Radio; Podcast #64| Risk Parity Radio; Podcast #66| Risk Parity RadioHannalore's Seeking Alpha Article:  TYA: A Better Version Of TLT And My Top Fixed-Income Pick (NASDAQ:TLT) | Seeking AlphaTYA Fund Page:  TYA Simplify Risk Parity Treasury ETF | SimplifyPortfolio Visualizer Analyzer Analysis of TYD:  Backtest Portfolio Asset Allocation (portfoliovisualizer.com)Keith's Bogleheads Forum Link:  Modified versions of HFEA with ITT and Futures / Lifecycle Investing with Modern Portfolio Theory - Bogleheads.orgKeith's Beta Article Link:  Betting against Beta (and Gamma) Using Government Bonds - Federal Reserve Bank of New York - FEDERAL RESERVE BANK of NEW YORK (newyorkfed.org)Support the show

In this episode we answer emails from Mark B, Matt, Kevin, Arun and Danny.  We discuss GBTC, my idiosyncrasies, the G-Fund in the TSP, SWAN and More Cowbell, the mechanics of using a risk-parity portfolio for intermediate accumulation, a 3 liter bottle of Chianti, and the limitations of the data set in portfolio visualizer. And THEN we our go through our weekly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio and zero in on the diversification benefits of the Risk Parity Ultimate portfolio.Additional Links:TSP G-Fund:  G Fund composition | Thrift Savings Plan (tsp.gov)Episode 123 re additional SWAN analysis:  Podcast #123 | Risk Parity RadioPortfolio Charts Article About March 2020 Portfolio Performances:  Asset Allocation in the Most Painful Month – Portfolio ChartsSupport the show

In this episode we answer questions from Stephen (Superb Diamond Range), Alan, Chris, Neil, and Esek.  We discuss my limitations, the failings of my podcast, the crypto-currency PAXG, using leveraged ETFs for accumulation and the latest in the Risk Parity Radio YouTube Tutorials.  Enjoy!Links:  ChooseFI M1 Levered Risk Parity Portfolio:  Experimental RPR Lever | M1 FinanceIntroduction to the Accelerated Permanent Portfolio:  Episode #8 | Risk Parity RadioIntroduction to the Aggressive Fifty Fifty Portfolio:  Episode #10| Risk Parity RadioIntroduction to the Levered Golden Ratio Portfolio:  Episode #103 | Risk Parity RadioNew YouTube Tutorial:  Tutorial #3: Portfolio Visualizer Asset Allocation Backtester - YouTubeSupport the show

In this episode, first off we address emails from Patrick, Frank, Hannelore, Peter, and Thomas and Angela.  We discuss allocating the Golden Ratio sample portfolio at M1 Finance, minimum meaningful allocations to gold and treasury bonds, where we find Safe Withdrawal Rate calculations and how to buy the Risk Parity Radio NFTs.And THEN we our go through our weekly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity RadioAdditional Links:M1 Golden Ratio Sample Portfolio:  Golden Ratio | M1 FinanceFalling Upward:  Falling Upward: A Spirituality for the Two Halves of Life by Richard Rohr | GoodreadsPortfolio Charts SWR Calculator:  WITHDRAWAL RATES – Portfolio ChartsMichael Kitces Interview:  An Interview With Michael Kitces - Motley Fool Answers | The Motley FoolPeter's Instructions for destroying the Death Star:- I put ETH into my Coinbase Wallet (the Coinbase Wallet app is separate from a regular Coinbase account)- Clicked purchase on the NFT in OpenSea, which provides a QR code- Scanned the code with the Wallet app, which initiated the multi step process to transfer the ETH to Polygon, this is where the gas charges are paid- Once the transfer is done there were a couple of more steps between OpenSea and the Wallet app and the purchase was completeThomas's Instructions for destroying the Death Star:1) I went to the Risk Parity Radio NFT openseas page, then activated the google chrome extension Metamask to purchase ETH(polygon). They use Moonpay as the platform to take care of the transaction (they also require a picture of your driver's license and selfie for "security purposes")2) I purchased 30$ minimum which charges $3.99 for this transaction.3) My first attempt was flagged on my debit card (Wells Fargo, had to approve Moonpay) Second transaction went through and within 1 minute I could see ETH(polygon) in my Metamask wallet.Support the show

In this episode we answer emails from Justin, David, Paul, Ted and "Mycontactinfo".  We discuss the new LifeGoal risk-parity based funds and other commercial concoctions, my availability for consulting, our awesome audience, dealing with a 457b Top Hat Plan and the theoretical underpinnings of most things in the universe, including financial markets.Links:LifeGoal Funds Page:   About LifeGoal Investment (lifegoalinvestments.com)Comparison Analysis of AQRIX:  Backtest Portfolio Asset Allocation (portfoliovisualizer.com)IRS Top Hat Plans Page:  Non-Governmental 457(b) Deferred Compensation Plans | Internal Revenue Service (irs.gov)"Misbehavior of Markets" Book:  The (Mis)Behavior of Markets by Benoît B. Mandelbrot | GoodreadsYouTube Mandelbrot Set Video:  Eye of the Universe - Mandelbrot Fractal Zoom (e1091) (4k 60fps) - YouTube"More Than You Know" Book:   More Than You Know | Columbia University Press"Risk Savvy" Book:  Risk Savvy: How to Make Good Decisions by Gerd Gigerenzer | GoodreadsPropecting Mimetic Fractals:  The Fractal Lens - Prospecting Mimetic FractalsSupport the show