Risk Parity Radio

I believe its all in the title.Here are David Stein's Ten Questions to Master Investing for reference: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?And here is the Masterworks website:  https://www.masterworks.io/about/how-it-worksSupport the show

This is our weekly portfolio review of the portfolios you can find at https://www.riskparityradio.com/portfoliosOne of our portfolios, the Aggressive Fifty-Fifty, triggered a rebalancing band this week and so we also have a detailed discussion of rebalancing.Link to referenced Kitces article:  https://www.kitces.com/blog/best-opportunistic-rebalancing-frequency-time-horizons-vs-tolerance-band-thresholds/Support the show

In this episode we answer a listener question and provide a summary and analysis of RPAR, the Risk Parity ETF.  Links:RPAR Third Quarter Review Slide Deck:  https://rparetf.com/quarterly-reviews/Review--1602725674-RPAR-Risk-Parity-ETF-Quarterly-Review-3Q20.pdfRPAR Quarterly Reviews Page, Including Webcast:  https://rparetf.com/quarterlyreviewsMarketwatch List of RPAR Components:  https://www.marketwatch.com/investing/fund/rpar/holdings?mod=mw_quote_tabPortfolio Visualizer Analysis of RPAR-like Portfolio vs. Golden Ratio Portfolio:https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2020&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&showYield=false&reinvestDividends=true&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=VTI&allocation1_1=10&allocation1_2=42&symbol2=VTMGX&allocation2_1=6&symbol3=VEIEX&allocation3_1=6&symbol4=XLE&allocation4_1=4&symbol5=XLI&allocation5_1=4&symbol6=XLB&allocation6_1=4&symbol7=TLT&allocation7_1=29&allocation7_2=26&symbol8=TIP&allocation8_1=29&symbol9=GLD&allocation9_1=8&allocation9_2=16&symbol10=VNQ&allocation10_2=10&symbol11=CASHX&allocation11_2=6Support 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 analyze an investment in bitcoin for a risk-parity style portfolio using David Stein's 10 Questions to Master Investing, which are: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?Investopedia Article About Bitcoin:  https://www.investopedia.com/terms/b/bitcoin.aspArticle re $1B bitcoin loss -- now revealed as a US government seizure:  https://www.marketwatch.com/story/somebody-may-have-just-gotten-away-with-stealing-1-billion-11604592280?mod=home-pageAnalysis of bitcoin vs. gold vs. total stock market fund:  https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2020&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&showYield=false&reinvestDividends=true&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=GBTC&allocation1_1=100&symbol2=GLD&allocation2_2=100&symbol3=VTI&allocation3_3=100Correlation analysis matrix of bitcoin (GBTC):  https://www.portfoliovisualizer.com/asset-correlations?s=y&symbols=VTI%2C+TLT%2C+GLD%2C+VNQ%2C+VNQI%2C+GBTC&timePeriod=2&tradingDays=60&months=36Support the show

We begin with a monthly rant about "free-lunch" financial products that claim to provide stock market returns without stock market risk (and that usually bear clever names for marketing purposes).Following the rant is our weekly portfolio review of the portfolios you can find at https://www.riskparityradio.com/portfoliosSupport the show

In this episode, which is a follow-up to Episode 25, we analyze as an investment in utilities for a risk-parity style portfolio using David Stein's 10 Questions to Master Investing, which are: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 and References:Optimal Finance Daily Podcast Episode 1329:  https://oldpodcast.com/1329-is-value-investing-dead-by-vitaliy-katsenelson-of-contrarian-edge-on-growth-stocks-fang/Fi-Lexible Webinar (scheduled for Nov 1, 2020):   https://www.eventbrite.com/e/free-webinar-are-you-fi-lexible-tickets-125036815481Episode 7 re the Three Principles:   https://www.riskparityradio.com/podcast/episode/4ec882cb/episode-7-how-to-construct-a-risk-parity-style-portfolio-from-basic-principlesCorrelation Matrix for Utility ETFs:  https://www.portfoliovisualizer.com/asset-correlations?s=y&symbols=VTSAX%2C+TLT%2C+GLD%2C+VNQ%2C+XLU%2C+VPU%2C+FUTY%2C+IDU&timePeriod=2&tradingDays=60&months=36Portfolio Visualizer Backtest of Portfolios with REITs and Utilities:  https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=2&startYear=1985&firstMonth=1&endYear=2020&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&showYield=false&reinvestDividends=true&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=VTI&allocation1_1=42&allocation1_2=42&allocation1_3=42&symbol2=TLT&allocation2_1=26&allocation2_2=26&allocation2_3=26&symbol3=GLD&allocation3_1=16&allocation3_2=16&allocation3_3=16&symbol4=XLU&allocation4_1=10&allocation4_3=5&symbol5=VGSIX&allocation5_2=10&allocation5_3=5&symbol6=CASHX&allocation6_1=6&allocation6_2=6&allocation6_3=6Support the show

This is our weekly portfolio review of the portfolios you can find at https://www.riskparityradio.com/portfoliosWe also compare the All Seasons Portfolio with the Vanguard Wellesley Fund at Portfolio Visualizer.  Link to analysis:https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2020&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&showYield=false&reinvestDividends=true&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=VWINX&allocation1_1=100&symbol2=VTI&allocation2_2=30&symbol3=TLT&allocation3_2=40&symbol4=VGIT&allocation4_2=15&symbol5=GLD&allocation5_2=7.5&symbol6=PDBC&allocation6_2=7.5Link to White Coat Investor interview of Larry Swedroe and transcript:https://www.whitecoatinvestor.com/evidence-based-investing-with-larry-swedroe-podcast-181/Support the show

This episode takes a broad look and sector funds and compares them with the overall stock market for diversification purposes.  Thanks to listener Micah for the question.Links:SPDR Report on the SPDR Select ETFs:  https://www.sectorspdr.com/sectorspdr/Pdf/General%20Documents/Q3%202020%20Sector%20SPDR%20Quarterly%20GuideCorrelation Analysis of All Eleven SPDR Sector Funds from 2018 to 2020:  https://www.portfoliovisualizer.com/asset-correlations?s=y&symbols=SPY%2C+XLY%2C+XLP%2C+XLE%2C+XLF%2C+XLV%2C+XLI%2C+XLB%2C+XLK%2C+XLU%2C+XLRE%2C+XLC&timePeriod=2&tradingDays=60&months=36Correlation Analysis of Nine SPDR Sector Funds from 1999 to 2020:  https://www.portfoliovisualizer.com/asset-correlations?s=y&symbols=SPY%2C+XLY%2C+XLP%2C+XLE%2C+XLF%2C+XLV%2C+XLI%2C+XLB%2C+XLK%2C+XLU&timePeriod=2&tradingDays=60&months=36Support the show

This is our weekly portfolio review of the portfolios you can find at https://www.riskparityradio.com/portfoliosWe also compare the Aggressive Fifty-Fifty Portfolio with two Dave Ramsey-Style Portfolios using the tools at Portfolio Visualizer.  Relevant links:White Coat Investor article about a Ramsey-style portfolio:  https://www.whitecoatinvestor.com/dave-ramsey-asset-allocation/Portfolio Visualizer Face-Off Analysis (including correlation analysis under the Assets tab):https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=2&startYear=1985&firstMonth=1&endYear=2020&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=7.5&relativeDeviation=0.0&showYield=true&reinvestDividends=true&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=PFF&allocation1_1=17&symbol2=TMF&allocation2_1=33&symbol3=GLD&allocation3_1=0&symbol4=UPRO&allocation4_1=33&symbol5=VIVIX&allocation5_2=25&symbol6=VMGRX&allocation6_2=25&allocation6_3=25&symbol7=VSCIX&allocation7_2=25&symbol8=VGTSX&allocation8_2=25&symbol9=VGIAX&allocation9_3=25&symbol10=VSGIX&allocation10_3=25&symbol11=VWIGX&allocation11_3=25&symbol12=IEF&allocation12_1=17Support the show