In this episode we answer emails from Paulo, Phil, and Visitor 5858.  We discuss cognitive biases in the context of long-term care and unexpected medical expenses, follow ups on Episodes 307 and 308, David Stein's "garden approach" to investing, and what the purpose of gold is in a diversified portfolio.And talk about our recent vacation in Peru.Links:  Peter Attia's "Outlive" book:  Outlive: The Science & Art of Longevity - New Book by Peter Attia (peterattiamd.com)"Happy Body" book:  The Happy Body Book Home - The Happy BodySupport the show

In this episode we answer emails from Paul, Greg and Stuart.  We discuss various portfolio visualizer analyses, correlations, Sharpe and Sortino ratios and issues pertaining to rebalancing.Links;Paul's Truncated Analysis:  https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&sl=3fTid2mNzw2PPRhYmjAGGzLonger Analysis with More Data:  https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&sl=2PBlJj89KNGhCiNBkCDMaVLarry Swedroe's Portfolio:  Show Us of Your Portfolio II: Larry Swedroe on Alternatives and Interval Funds (youtube.com)VISVX (VSIAX) vs. VBR Comparison:  https://www.portfoliovisualizer.com/backtest-portfolio?s=y&sl=2bfrlatwi8J4WhwvLR8dIoCorey Hoffstein on Rebalancing Timing #1:  Corey Hoffstein - Rebalance Timing Luck (S2E11) (youtube.com)Corey Hoffstein on Rebalancing Timing #2:  10 Reducing 'Timing Luck' and Liquidity Cascades - Corey Hoffstein, Newfound Research (youtube.com)Optimal Rebalancing Article:  Optimal Rebalancing – Time Horizons Vs Tolerance Bands (kitces.com)Smart Portfolios Book:  Smart Portfolios: A practical guide to building and maintaining intelligent investment portfolios: Carver, Robert: 9780857195319: Amazon.com: BooksSupport the show

In this episode we answer emails from Mr. Klingon, Bob, MyContactInfo, and Ralph.  We discuss the Macro-Allocation Principle and Accumulation Portfolios, using a value-tilt for decumulation, the ins and outs of Monte Carlo simulations, Dr. Who and using gold in an accumulation portfolio.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:Monte Carlo Analysis of 80/20 Portfolio on Portfolio Visualizer:  Monte Carlo Simulation (portfoliovisualizer.com)Monte Carlo Analysis of Diversified Retirement Portfolio:  Monte Carlo Simulation (portfoliovisualizer.com)EconoMe Conference (code "riskparityradio" to save 10%):  EconoMe Conference - March 15th-17th, 2024Support the show

In this episode we answer emails from Allison, Kenny and Steve.  We discuss the methods and madnesses of financial media and the industry, modeling financial "experts" as hedgehogs and foxes, US dollars and debt, and correlations between treasury bonds and stocks, why portfolio income is just part of total returns and is not special, and incorporating managed futures into a Golden Ratio-style portfolios.Links:Duke Paper on Treasury/Stock Market Correlations:  delivery.php (ssrn.com)Picture Perfect Portfolios Comparison of Managed Futures ETFs:  What's The Best Managed Futures ETF? DBMF vs KMLM vs CTA (pictureperfectportfolios.com)Support the show

In this episode we answer emails from Kyle, Andy, Eric and Bluto.  We discuss datasets at Portfolio Visualizer, guidelines for making allocation changes in a portfolio generallly and with managed futures, managed futures funds DBMF, KMLM and CTA and distribution issues, and EconoMe Conference 2024.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:Father McKenna Center Donation Page:  Donate - Father McKenna CenterKyle's First Portfolio Visualizer Link:  Backtest Portfolio Asset Class Allocation (portfoliovisualizer.com)Kyle's Second Portfolio Visualizer Link:  Backtest Portfolio Asset Class Allocation (portfoliovisualizer.com)Kyle's CASHX PV Link:  Backtest Portfolio Asset Allocation (portfoliovisualizer.com)ETF Database -- Managed Futures Funds:  Managed Futures ETF List (etfdb.com)Simplify ETFs Distribution List (CTA and others):  Simplify Provides Estimated Capital Gain Distribution Information for 2023 | Simplify EconoMe Conference -- Use Code "riskparityradio" for 10% discount:  EconoMe Conference - March 15th-17th, 2024Support the show

In this episode we do our annual portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio and compare them with various commercial reference portfolios.And entertain a four-year old child and our adult offspring.Support the show

In this episode we answer emails from Slippery Steve, Keith, Brian, and Kyle.  We discuss a momentum allocation strategy called "the 12% Solution" and complex allocation strategies in general, preferred shares and preferred shares funds, notions about correlations from Rick Ferri's All About Asset Allocation book (pub. 2005 and 2010), putting the Simplicity Principle in it's proper context (not the first priority), and a fun listener-provided sound clip.Link:Father McKenna Center Donation Page:  Donate - Father McKenna Center Duke Research Paper re Stock Market and Treasury Bond Correlations:  delivery.php (ssrn.com) Morningstar Analysis of PFFD:  PFFD – Portfolio – Global X US Preferred ETF | MorningstarMorningstar Analysis of JNK:  JNK – Portfolio – SPDR® Blmbg High Yield Bd ETF | MorningstarAll About Asset Allocation (2010):  All About Asset Allocation, Second Edition: Ferri, Richard A. A.: 9780071700788: Amazon.com: BooksKyle's Rodney Dangerfield Clip:  Then, Sell Sell Sell - Caddyshack (youtube.com)Support the show

In this rather short episode we answer emails from Ralph, Scott, Eric, the Mysterious Visitor 9575, and Steven.  We discuss my recent absence and predilections for silliness, a recent podcast from the Inflation Guy about safe withdrawal rates and coming updates to the website.Links:Inflation Guy Podcast Episode:  Ep. 92: Safe Withdrawal Rates - Accounting for Inflation | Cents and Sensibility: the Inflation Guy Podcast (podbean.com)Risk Parity Chronicles:  Risk Parity ChroniclesFather McKenna Center Donation Page:  Donate - Father McKenna CenterSupport the show

In this episode we answer emails from Keith, Pete and Tim.  We discuss developments in factor-based investing, portfolio transitions, RMDs, the recent Cederburg paper (again) and what goes on Down Under.  And another visit from Lee-roy Jenkins.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:Father McKenna Center Donation Page:  Donate - Father McKenna CenterCharity Navigator Score For the Father McKenna Center:   Charity Navigator - Rating for Father McKenna Center Inc.Alpha Architect Article On The Value Factor:  AA-JBISFactorInvesting22LongOnlyValueInvesting.pdf (alphaarchitect.com)Cederburg Paper (Again):  delivery.php (ssrn.com)New Rational Reminder Podcast with Scott Cederburg:  Professor Scott Cederburg: Challenging the Status Quo on Lifecycle Asset Allocation | RR 284 (youtube.com)Canstar Site with Aussie ETF Options:  Compare Exchange Traded Funds (ETFs) | CanstarSupport the show

In this episode we answer emails from Jenzo, Priah and Matt.  We discuss a levered portfolio and tracking errors, the limitation of Scott Cederburg's latest academic paper, bootstrapping -- what it is and how it works --,  what "blend" means in factor-speak, and some pitfalls with Portfolio Visualizer's datasets,And also the upcoming EconoMe Conference in March 2024 with a discount code for our listeners, "riskparityradio":Links:EconoMe Conference:  EconoMe Conference - March 15th-17th, 2024Academic Paper Critical of Lifecycle Investment Advice:  delivery.php (ssrn.com)Rational Reminder Podcast re same paper:  Lifecycle Asset Allocation, and Retiring Successfully with Justin King | Rational Reminder 281 - YouTubePortfolio Visualizer Documentation:  Portfolio Visualizer DocumentationMatt's First Montecarlo Analysis:  Monte Carlo Simulation (portfoliovisualizer.com)Matt's Second Montecarlo Analysis:  Monte Carlo Simulation (portfoliovisualizer.com)Modifying Matt's Analysis to Account for Earlier Data: Monte Carlo Simulation (portfoliovisualizer.com)Father McKenna Center Donation Page:  Donate - Father McKenna CenterFather McKenna Center Charity Navigator Rating:  Charity Navigator - Rating for Father McKenna Center Inc.Support the show