In this episode we answer questions from Esek and Jeffrey.  We discuss the difficulties of assessing long term care needs and potential approaches and how RP portfolios differ and are similar to other approaches, such as buffered stock funds.Links:Father McKenna Center Donation Page:  Donate - Father McKenna CenterPortfolio Charts Heat Map Calculator:  HEAT MAP – Portfolio ChartsLarry Swedroe Discussing His Personal Portfolio Involving 50% Alternative Assets:  Show Us Your Portfolio: Larry Swedroe - YouTubeSupport the show

In this episode we answer questions from Shplendid Spencer, Russel and MyContactInfo.  We discuss the pros and cons of online calculators and how they are commonly inadequate and/or misused, why being conservative beyond realistic possibilities is probably not a good idea overall, and an article by Aswath Damodaran about Nvidia, the chip industry and the implications of AI for DIY investing.  CORRECTION:  I said the Heat Map calculator was at Portfolio Visualizer -- it's actually at Portfolio Charts at the link below.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:Spencer's Tool Link:  Rich, Broke or Dead? Post-Retirement FIRE Calculator: Visualizing Early Retirement Success and Longevity Risk - Engaging Data (engaging-data.com)Similar Portfolio Visualizer Analysis Tool:  Asset Liability Modeling (portfoliovisualizer.com)Tyler on Security Analysis Podcast:   Tyler (@PortfolioCharts): The Amazing Power of Uncorrelated Assets (securityanalysis.org)Portfolio Charts Heat Map Tool:  HEAT MAP – Portfolio ChartsArticle on The Top Five Regrets of the Dying:  The Top Five Regrets of the Dying - WikipediaList of Cognitive Biases:  The Prospecting Lens - Prospecting Mimetic FractalsAswath Damodaran Article:  Musings on Markets: AI's Winners, Losers and Wannabes: An NVIDIA Valuation, with the AI Boost! (aswathdamodaran.blogspot.com)Support the show

In this episode we answer emails from Alexi (a/k/a "the Dude"), MyContactInfo and Brown.  We discuss passing 500,000 downloads, hi and jinks, the relationship between returns, the projected safe withdrawal rate and the Holy Grail principle, and using Berkshire Hathaway as a basis for portfolio construction.Links:Value Stock Geek with Your Truly:  The Security Analysis Podcast: Frank Vasquez - Risk Parity Investing for the DIY Investor on Apple PodcastsThe All Weather Strategy Paper:   Bridgewater Paper 2009.12 AW Info Pack.doc (granicus.com)Support the show

In this episode we answer emails from Thurston Howell VI, MyContactInfo and Keith.  We discuss DBMF and managed futures funds generally, my family's rapture with the sport of rowing and how to make basic asset location decisions to minimize taxes.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:Barry Ritholtz Interview of Andrew Beer (DBMF) (2021):  Andrew Beer on the Hedge Fund Industry (Podcast) - Masters in Business - Omny.fmDBMF Web Page:  iMGP DBi Managed Futures Strategy ETF | iMGP FundsDBMF Current Holdings Link (download):  https://partnerselectfunds.com/wp-content/uploads/Holdings/DBMF-Holdings.xlsxTaxation of Gold -- CNBC Article with links:  Gold, silver ETF owners face 28% top tax rate on capital gains (cnbc.com)Asset Swap Tutorial from Justin/Risk Parity Chronicles:  How to Do an Asset Swap - YouTubeSupport the show

In this episode we answer questions from Pedro, Graham and Nathan.  We discuss creating a Golden Ratio portfolio out of ITOT and other things, what to do about bond fund choices in a TSP and the ins and outs of the VCSAX Consumer Staples Fund.Links:Father McKenna Center Donation Page:  Donate - Father McKenna CenterTSP F Fund Page:  F Fund | The Thrift Savings Plan (TSP)ITOT Analysis:  ITOT – Portfolio – iShares Core S&P Total US Stock Mkt ETF | MorningstarOptimal Finance Daily Podcast:  Optimal Finance Daily - Personal Finance Podcast (oldpodcast.com)Diania Merriam Interview:  Video How 1 woman went from having debt to retiring in 5 years - ABC News (go.com)VCSAX Analysis:  VCSAX – Portfolio – Vanguard Consumer Staples Index Admiral | MorningstarPortfolio Visualizer Analysis of  Consumer Staples Fund vs. 80/20 vs. 50/50:  Backtest Portfolio Asset Allocation (portfoliovisualizer.com)Support the show

In this episode we answer questions from MyContactInfo, Anonymous and Arun.  We discuss a podcast and article about the concept of Ergodicity and how to apply it, a variation of the Golden Ratio portfolio from one of our listeners recently discussed in an interview, and the illusory benefits of dividend-paying stocks and related delusions.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:EconTalk Podcast on Ergodicity:  Luca Dellanna on Risk, Ruin, and Ergodicity | EconTalkTaylor Pearson Article on Ergodicity:  Ergodicity: A Simple Explanation of Ergodic vs. Non-Ergodic (taylorpearson.me)Picture Perfect Portfolios Article about a Golden Ratio-style portfolio and others:  100% Factor Focused Equities vs Diversification Reigns Supreme (pictureperfectportfolios.com)Three Ben Felix Videos About the Irrelevance of Dividends:The Irrelevance of Dividends - YouTubeThe Relevance of Dividend Irrelevance - YouTubeDividend Growth Investing - YouTubeIntel's 2023 Dividend Cut: Intel cuts dividend to lowest since 2007 to save cash | ReutersIntel slashes dividend by over 65%, to 12.5 cents (cnbc.com)Support the show

In this episode we answer emails from Drew, Barry and Rob.  We discuss an article about investing in gold from Larry Swedroe and how to read it and the articles cited therein correctly, transitioning from a 60/40 portfolio to a risk-parity style portfolio and taking distributions and how to evaluate a pension vs. a lump sum.  Groovy, Baby!Links:Swedroe Article:  Misguided Investor Expectations on the Risk and Returns of Gold | Wealth Management"The Golden Dilemma" Paper:  delivery.php (ssrn.com)"The Golden Rule of Investing"  Paper:  delivery.php (ssrn.com)Portfolio Visualizer Correlation Analysis of Swedroe suggestions and gold:  Asset Correlations (portfoliovisualizer.com)YouTube Interview of Corey Hoffstein about rebalancing timing:  Keeping it Simple Ep. 21: Do I Feel Lucky? | SimplifyImmediate Annuities Calculator/Free Quotes:  Get Your Best Annuity Quote Instantly Online! Without any sales calls. Your phone# is not required. — ImmediateAnnuities.comSupport the show

In this episode we answer emails from Jennie, Chris and Visitor 5622.  We discuss Jennie's retirement situation, BTAL and long dollar funds, and VTI musings.   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:Value Stock Geek with Your Truly:  The Security Analysis Podcast: Frank Vasquez - Risk Parity Investing for the DIY Investor on Apple PodcastsPortfolio Visualizer Financial Goals Sequencer:  Financial Goals (portfoliovisualizer.com)BTAL Web Page:  AGF U.S. Market Neutral Anti-Beta Fund | AGF.comMorningstar Analysis of VTI:  VTI – Portfolio – Vanguard Total Stock Market ETF | MorningstarSupport the show

In this episode we begin with a mini-rant about the THREE free steak dinner invitations we received recently.  Then we answer emails from Drew, Lauren and Joe.  We go over a number of useful links and information about managed futures from Drew following up on Episode 265, talk about Emerson and Jeopardy, and what to do when you reach Financial Independence early at age 39.Links:Charlie Munger Misjudgment Speech:  The Psychology of Human Misjudgment - Charlie Munger Full Speech - YouTubeTLDL Shorter Animated Version:  Charlie Munger - 24 Standard Causes of Human Misjudgment in 15 minutes - YouTubeAlpha Architect QVAL Fund Page:  QVAL - Alpha Architect ETFsAQR's AQMIX Fund Page:  AQR Managed Futures Strategy Fund - AQMIXSociete Generale CTA Indices Page:  Prime Services (Newedge) Indices (societegenerale.com)Art of Manliness Podcast About Emerson:  Podcast #904: How Emerson Can Help You Become a Stoic Nonconformist | The Art of ManlinessValue Stock Geek Security Analysis Website:  Security Analysis | Value Stock Geek | SubstackWeird Portfolio Page At Portfolio Charts:  Weird Portfolio – Portfolio ChartsSupport the show

In this episode we answer emails from Alexi (a/k/a/ "the Dude"), Pete and Dean.  We discuss box spreads, trying to market-time t-bills and interest rates, a whole host of logical fallacies and cognitive biases and a variable preferred shares fund (VRP) and what it does and doesn't do.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:Alpha Architect On Box Spreads:  Box Spreads: An Alternative to Treasury Bills? (alphaarchitect.com)Alpha Architect Paper On Size And Value Tilts:  AA-JBISFactorInvesting22LongOnlyValueInvesting.pdf (alphaarchitect.com)You Are Not So Smart Fallacy Podcasts (check out ones in the 60s or word search "fallacy"):  Podcast – You Are Not So SmartSample Gerd Gigerenzer Lecture:  Risk literacy: Gerd Gigerenzer at TEDxZurich - YouTubeRisk Savvy book:  Risk Savvy: How to Make Good Decisions by Gerd Gigerenzer | GoodreadsSummary of Prospecting Theory and Cognitive Biases:  The Prospecting Lens - Prospecting Mimetic FractalsDan Ariely Books:  Books - Dan ArielyFreakonomics Episode On Slippery Slopes:  Enough with the Slippery Slopes! - FreakonomicsSupport the show