Risk Parity Radio

In this episode we follow up on Episode 64 regarding the difference between Risk and Uncertainty and why Rules of Thumb are good for portfolio construction in an Uncertain World.  With some help from Mad Max.  Links:Bill Bengen's  Original1994 Article About The 4% Rule:  Bengen ArticleEpisode 49 re the Bias-Variance Dilemma or Tradeoff:   RPR Podcast Episode 49Episode 7 re our Three Principles of Portfolio Construction:  RPR Podcast Episode 7Support the show

We answer a question from a listener about cash in the Sample Portfolios and then do our weekly portfolio review of the sample portfolios you can find at Sample Portfolios | Risk Parity RadioLink to Hedgeye/nine interviews (this link will change or expire):  HedgeyeLink to the Michael Kitces article about rebalancing:  Optimal Rebalancing – Time Horizons Vs Tolerance Bands (kitces.com)Support the show

In this episode we read Chuck And Tim's emails and then discuss some questions that Tim has about TLT, bonds and accumulation portfolios.  We also begin a discussion of the concepts of Risk versus Uncertainty and how rules of thumb are useful when the future is uncertain.Professor Gerd Gigerenzer on Heuristics and Uncertainty:  Gerd Gigerenzer - heuristics - YouTubePaul Merriman podcast on 50 years of drawdowns at various rates:  Fixed contributions 2021 updated | Paul MerrimanSupport the show

In this episode, we answer a question from Craig, re-introduce the podcast to some of our new listeners and do our weekly portfolio review of the sample portfolios you can find at Portfolios | Risk Parity RadioHere are the two links from Brandy to the SEC filings we mentioned in answering the question from Craig:WT Emerging Markets Efficient Core Fund WT International Efficient Core Support the show

In this episode we talk about a email from listener Tommy V. about RPAR, do a little rant about FOMO investing and conduct our weekly portfolio review of the portfolios you can find at: https://www.riskparityradio.com/portfoliosLinks:Tommy V's article about RPAR:  https://seekingalpha.com/amp/article/4408481-rpar-risk-parity-etf-diversified-holdings-unique-hedge-fund-strategy Episode 31 re RPAR:  Episode 31Ben Felix video about the ill-fated history of Chasing Hot Fund Managers:  https://youtu.be/p6HrepdLSu4Texas Sharpshooter Fallacy:  Texas sharpshooter fallacy - WikipediaClustering Illusion:  Clustering illusion - WikipediaEpisode 7 re Three Core Principles:  Core Principles EpisodeSupport the show

In this episode we complete our analysis of NTSX, the WisdomTree 90/60 U.S. Balanced Fund, 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:  WisdomTree 90/60 Balanced Fund Information Page:  NTSX - WisdomTree 90/60 U.S. Balanced FundNTSX Basic Statistics:  wisdomtree-fi-export-statistics-ntsx.pdfCorrelation Analysis of NTSX:  NTSX Asset CorrelationsBacktest Comparison of Simple NTSX-Based Risk-Parity Style Portfolio:  Backtest NTSX Portfolio Comparison Backtest Comparison of Synthetic NTSX-Based Risk Parity Style Portfolio:  Backtest Synthetic NTSX Portfolio ComparisonEpisodes 12  and 40 about gold:Episode 12Episode 40Laminar Capital ManSupport the show

This is our weekly portfolio review of the portfolios you can find at: https://www.riskparityradio.com/portfoliosSupport the show

In this episode we begin an analysis of NTSX, the WisdomTree 90/60 U.S. Balanced Fund, 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:  WisdomTree 90/60 Balanced Fund Information Page:  NTSX - WisdomTree 90/60 U.S. Balanced FundNTSX Basic Statistics:  wisdomtree-fi-export-statistics-ntsx.pdfLaminar Capital Management (Andy Cole):  Laminar Capital Management (laminarcm.com)Support the show

This is our weekly portfolio review of the portfolios you can find at: https://www.riskparityradio.com/portfoliosWe also discuss the Risk Parity Ultimate Portfolio, which was first discussed in depth in Episode 11.Link to Portfolio Visualizer Analysis:  Risk Parity Ultimate Asset Allocation Analysis Support the show

In this episode we discuss a "guest request" email I received and complete our analysis of the managed futures fund DBMF that we began in Episode 55. 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:DBMF Summary Fact Sheet:  https://www.imgp.com/us/wp-content/uploads/2021/01/iM-DBi-Managed-Futures-Strategy-ETF-4Q20.pdfDBMF Semi-Annual Report:  https://www.imgp.com/us/wp-content/uploads/2020/09/IMDBIETF-Semiannual-f.pdfDBMF Prospectus:  https://www.imgp.com/us/wp-content/uploads/2021/02/im_dbi_etfs_prospectus.pdfAsset Correlation Matrix for DBMF:   https://www.portfoliovisualizer.com/asset-correlations?s=y&symbols=DBMF%2C+VTI%2C+TLT%2C+GLD%2C+PDBC&timePeriod=2&tradingDays=60&months=36Support the show