Risk Parity Radio

In this episode we answer emails from Kimbrough from Anchorage and anonymous Visitors from British Columbia and Denver. We discuss fish hatching and slaughterhouses, long term treasury bond funds, the inherent problems and inefficiencies with many popular but inflexible withdrawal plans, and how we use our flexible 3-1-1 guidelines to match and maximize spending, fixing a cash hoarding problem and why you want a growth/value split in your stock allocations. Links: Security Analysis Podcast with Yours Truly: Frank Vasquez: Risk Parity Investing Part 2 (securityanalysis.org) VSG's Weird Portfolio: Weird Portfolio – Portfolio Charts Merriman Best-In-Class ETFs: Best-in-Class ETF Recommendations | Merriman Financial Education Foundation (paulmerriman.com) Merriman Podcast re Best-In-Class ETFs: Best in Class ETF 2024 Updates (paulmerriman.com) Support the Show.

In this episode we answer emails from Steve, Mark, and Judy. We take a frolic and detour into talking about going to law schools, talk about some Rob Berger videos and bucketeering, robo-advisor things and why they are not very helpful, and better choices. 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 Spring 2024 Newsletter: Newsletter Spring 2024 - Father McKenna Center Rob Berger Video on "Know Nothing" Portfolios: Fed Chair Powell Just Taught A Masterclass On Investing (youtube.com) Rob Berger Interview of Harold Evensky: Conversation with the Father of the Bucket Strategy--Harold Evensky - YouTube Rob Berger On "Bucket Strategies" Generally: The Bucket Strategy is Flawed--Do this Instead - YouTube Rob Berger On The "Never Retire" Retirement Strategy: 7 Reasons to Never, Ever Retire (even if you can) (youtube.com) Support the Show.

In this episode we answer emails from Zane, Slim Jim, and Jim Kirk. We discuss recent moves in world gold markets, good and bad mental models of collective action and critical events, including Mimetic Theory and fractal sand pile models, avoiding the physical metals racket, the data and evidence showing that retirees experience inflation at a much lower rate than the CPI (and most financial planners and DIYers get this completely wrong, resulting in bad planning), and the new global portfolio analysis article at Portfolio Charts (again). Links: Retirement Spending Smile models: What Is The 'Retirement Spending Smile'? | Retirement Researcher Spending Trajectories After Age 65 Research Paper and Summary: Spending Trajectories After Age 65: Variation by Initial Wealth | RAND Portfolio Charts Article Re Global Portfolios: What Global Withdrawal Rates Teach Us About Ideal Retirement Portfolios – Portfolio Charts Support the Show.

In this episode we answer emails from Anderson, Brian and Drew. We entertain ourselves on 4/20 with Anderson's "Uncle Frank" Portfolio and learn something from it, discuss asset swapping for management of retirement accounts with a hat tip to Justin (Risk Parity Chronicles), and discuss the new Global Portfolio analysis and tools from Tyler at Portfolio Charts. 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: Anderson's "Uncle Frank" Portfolio: Backtest Portfolio Asset Allocation (portfoliovisualizer.com) "How To Do An Asset Swap" Video From Justin: How to Do an Asset Swap (youtube.com) New Portfolio Charts Global Portfolio Analysis And Tools: What Global Withdrawal Rates Teach Us About Ideal Retirement Portfolios – Portfolio Charts Father McKenna Center Donation Page: Donate - Father McKenna Center Support the Show.

In this episode we answer emails from Kyle, Andrew, Sameer and James. We discuss some portfolio comparisons of levered 60/40 portfolios, interpreting and comparing safe withdrawal rates from various calculators and their practical application in consideration of variable expenses and needs (our 3-1-1 flexible withdrawal plan), the foolish consistencies of DIYer and financial planners who seem to enjoy discouraging retirement spending, and recent articles about Fidelity's spat with some ETF providers. Links: Kyle's Portfolio #1: Backtest Portfolio Asset Allocation (portfoliovisualizer.com) Kyle's Portfolios #1 and #2: Backtest Portfolio Asset Allocation (portfoliovisualizer.com) Kyle's Portfolios #1, #2 and #3: Backtest Portfolio Asset Allocation (portfoliovisualizer.com) Golden Butterfly Portfolio -- SWR And Other Characteristics: Golden Butterfly Portfolio – Portfolio Charts Larry Swedroe Interview About New Book and Factor Investing: ‘Buffett really was not a great stock picker’: Financial researcher Larry Swedroe on how investors can emulate the billionaire investor – NBC Connecticut Article #1 re Fidelity and Fees: Fidelity Puts Nine ETF Firms on Notice That New Fees Are Looming - Bloomberg (archive.fo) Article #2 re Fidelity and Fees: Fidelity Adds Surcharge to ETF Platform | etf.com Support the Show.

In this episode we answer an email from Ingrid. We discuss target date funds in depth and why they are not good choices for investors. We review their history and recent academic research that reveals the truth. You may not like it, but we hope you can handle it. And THEN we our go through our weekly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio. Additional link: Referenced Academic Paper Revealing The Awful Truth About Target Date Funds: The Unintended Consequences of Investing for the Long Run: Evidence from Target Date Funds by Massimo Massa, Rabih Moussawi, Andrei Simonov :: SSRN Support the Show.

In this episode we answer emails from Ed, Anderson and Joe. We discuss assisting aging parents running out of money, Anderson's levered accumulation portfolio and locating the assets, and using the G Fund in a TSP as a short-term bond fund. Links: Portfolio Matrix Used to Analyze Anderson's Portfolio (insert allocations per podcast): Portfolio Matrix – Portfolio Charts Morningstar Article re G Fund: How Good Is the Federal Government’s G Fund? | Morningstar Support the Show.

In this episode we answer questions from Dale, Brad and Corey. We discuss a new paper about US dollar dominance and the common narrative fallacies associated with that issue, using the Rule of 55 for 401(k) withdrawals, the Nicest Guy of FI, and the basics of constructing portfolios with high historical safe withdrawal rates. 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: Marketwatch Article: Dethrone the dollar? 5 charts show how U.S. currency still rules world economy. - MarketWatch Paper re Status of US Dollar: delivery.php (ssrn.com) Schwab Article re The Rule of 55: Retiring Early? 5 Key Points about the Rule of 55 | Charles Schwab DBMF Quarterly Review: iMGP DBi Managed Futures Strategy ETF Update with Andrew Beer | April 2024 (youtube.com) Andrew Beer Interview On The Development And Use Of Managed Futures In Diversified Portfolios: SI290: Honey, I Shrunk the Trend-Following ft. Andrew Beer | Top Traders Unplugged Portfolio Charts Portfolio Matrix Tool: Portfolio Matrix – Portfolio Charts Support the Show.

In this episode we answer emails from Jon, Eli, and George. We discuss using the tools at Portfolio Charts, methods of charitable giving to our favorite charity, extreme podcast listening, what to invest in if you are speculating on inflation next year and other gambling problems, and applying the math of Shannon's Demon to show us why we should not let the Simplicity Principle tail wag the Holy Grail principle diversification dog when constructing diversified portfolios. Links: Father McKenna Center Donation Page: Donate - Father McKenna Center New Portfolio Charts Article re Gold and Global Safe Withdrawal Rates: What Global Withdrawal Rates Teach Us About Ideal Retirement Portfolios – Portfolio Charts Shannon's Demon Article from Market Sentiment: Shannon's Demon - Market Sentiment Shannon's Demon Article from Portfolio Charts: Unexpected Returns: Shannon's Demon & the Rebalancing Bonus – Portfolio Charts Shannon's Demon Article from World Scientific: SWITCHING BETWEEN TWO LOSING STOCKS MAY ENABLE PARADOXICAL WIN: AN EMPIRICAL ANALYSIS (worldscientific.com) Shannon's Demon Article from Breaking The Market: The Great Age of Rebalancing Begins - (breakingthemarket.com) Support the Show.

In this episode we answer emails from Jetson and Jon (x2). We discuss good times to trade, transitioning to a risk parity style portfolio with sub-optimal components and related considerations, experimenting with and learnings from the tools at Portfolio Charts, including the Portfolio Matrix and Drawdown Analyzer, and Gooooold! 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: Home - Father McKenna Center Portfolio Matrix Calculator: Portfolio Matrix – Portfolio Charts Portfolio Drawdowns Calculator: Drawdowns – Portfolio Charts Portfolio Charts "Ingredients" Article: Three Secret Ingredients of the Most Efficient Portfolios – Portfolio Charts Safe Withdrawal Rate Series Article about Gold: Using Gold as a Hedge against Sequence Risk - SWR Series Part 34 - Early Retirement Now Support the Show.

In this episode we answer emails from Mark, Justin, and Cy, and also update our answer to last episode's email from Sean. We talk about a different approach to Sean's situation, Mark's experiments with leveraged funds, rebalancing and assorted gambling problems, reporting on the sample portfolios at the website, the difficulties of trying to plan "how much" goes in retirement, Roth and ordinary accounts, and a full-on nostalgic Blazing Saddles experience. Links: Father McKenna Center Donation Page: Donate - Father McKenna Center Mark's Experimental Portfolio Backtest: https://www.portfoliovisualizer.com/backtest-portfolio?s=y&sl=3rBetjbWFjRbRZSN6uMuIa Shannon's Demon Article: Unexpected Returns: Shannon's Demon & the Rebalancing Bonus – Portfolio Charts Recent Interview of Value Stock Geek: Inside the Mind of a Value Investor w/ Value Stock Geek (theinvestorspodcast.com) Portfolio Charts Portfolio Matrix: Portfolio Matrix – Portfolio Charts Support the Show.

In this episode we answer emails from Andrew, Sean, and MyContactInfo. We discuss QDSIX and other AQR funds and their approaches, good and bad uses of bond ladders, and macro-issues pertaining to projected global population declines in the future. 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: QDSIX fact page: AQR Diversifying Strategies Fund - QDSIX Ben Carlson Article on Bond Funds vs. Bond Ladders: Owning Individual Bonds vs. Owning a Bond Fund - A Wealth of Common Sense Niall Ferguson Article: Global Population Collapse Isn't Sci-Fi Anymore: Niall Ferguson - Bloomberg Shock of Gray Book: Shock of Gray: The Aging of the World's Population and How it Pits Young Against Old, Child Against Parent, Worker Against Boss, Company Against Rival, and Nation Against Nation by Ted C. Fishman | Goodreads Hans Rosling's Factfulness: Factfulness: Ten Reasons We're Wrong About the World – and Why Things Are Better Than You Think by Hans Rosling | Goodreads Hans Rosling Video on Population: Why the world population won’t exceed 11 billion | Hans Rosling | TGS.ORG (youtube.com) Hans Rosling Factfulness Video: The mindset of factfulness | Hans Rosling | TGS.ORG (youtube.com) Happy Pod: BBC World Service - Global News Podcast, The Happy Pod: The gift of sight Portfolio Charts Withdrawal Rates Article: How to Harness the Flowing Nature of Withdrawal Rate Math – Portfolio Charts Portfolio Charts Portfolio Matrix Comparison Tool: Portfolio Matrix – Portfolio Charts Portfolio Charts Portfolio Risk-Return Comparison Tool: Risk And Return – Portfolio Charts Support the Show.

In this episode we review why we are here and then answer emails from Paulo, Paul G, and Carlos. We discuss our recent trip to the EconoMe Conference, Paulo's portfolio ideas, the plague of being unable to spend money that afflicts most popular personal finance personalities, Mark's Money Mind (a new podcast), why the Simplicity Principle should not override the Holy Grail and other investing principles, and investing from emerging market countries. Links: Mark's Money Mind podcast (YouTube version): The Financial Speedometer: Tracking Your Income & Expenses | Episode 004 (youtube.com) Paul G's Golden Butterfly analyses: https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&sl=2lyVPkZFRfTEgVF8cZIAe5 Shannon's Demon and Rebalancing Article: Unexpected Returns: Shannon's Demon & the Rebalancing Bonus – Portfolio Charts Carlos' Article re Emerging Markets: Safe withdrawal rates from retirement savings for residents of emerging market countries (repec.org) Support the Show.

In this episode we answer emails from Ed, Jesse and Kyle. We discuss TMF and leverage in bond funds (and gambling problems), my recent ranting in Episode 321 and Ray Dalio's limitations and foibles, and my musings on guinea pigs and our recent trip to Peru. It's action packed! And THEN we our go through our weekly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio. And add a note about the upcoming EconoMe Conference. Additional links: TMF web-page with holdings: 20+ Year Treasury Bull and Bear 3X ETFs | TMF TMV | Direxion Portfolio Visualizer TMF vs. TLT vs. ZROZ Analysis: https://www.portfoliovisualizer.com/backtest-portfolio?s=y&sl=7aqdp6fzBF4NWiP8rUdH9m Claude Shannon's Demon Article: Unexpected Returns: Shannon's Demon & the Rebalancing Bonus – Portfolio Charts Father McKenna Center: Home - Father McKenna Center EconoMe Conference Speakers: Our Speakers - EconoMe (economeconference.com) Support the Show.

In this episode we answer questions from Mark, Broken Jack and Gus. We discuss a specific withdrawal plan and why it does not need to be too complicate, the considerations and differences between complicated or risk-based problems and complex or uncertainty-based problems, ideas for people who have not saved enough by the time they get to their sixties and why to avoid "magic button" investment strategies like buy-write funds and deal with a correction about the ETF RSBT. Links: Immediate Annuities Website for Pricing Simple Annuities: Immediate Annuities - Income Annuity Quote Calculator - ImmediateAnnuities.com The Misbehavior of Markets by Benoit Mandelbrot: The Misbehavior of Markets: A Fractal View of Financial Turbulence: Mandelbrot, Benoit, Hudson, Richard L.: 9780465043576: Amazon.com: Books Catching Up To FI for Late Starters: Financial Independence - Catching up to FI RSBT Website and Information: Bonds Managed Futures - Return Stacked ETF (returnstackedetfs.com) Father McKenna Center: Home - Father McKenna Center Support the Show.

In this episode we answer emails from Richard, Andrew and Drew. We discuss the now much-maligned Cederburg paper (again) and listen to Cliff Asness flog it, Jerry Parker's new managed futures ETF, TFPN and guidelines for making portfolio shifts. And THEN we our go through our weekly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio. And add a note about the upcoming EconoMe Conference. Additional links: Cliff Asness Commentary About the Cederburg Paper: Why Not 100% Equities (aqr.com) BankerOnWheels Article About the Cederburg Paper: Should You Invest 100% In Equities? (bankeronwheels.com) Tommy Boy Clip: Tommy Boy (8/10) Movie CLIP - Housekeeping (1995) HD (youtube.com) Jerry Parker on podcast about TFPN: TTU145: Jerry Parker, Founder of Chesapeake Capital (toptradersunplugged.com) TFPN Webpage: Trend Following ETF | Blueprint Fund Management (tfpnetf.com) EconoMe Conference: EconoMe Conference - March 15th-17th, 2024 Support the Show.

In this episode we answer emails from Damon, Pete and Jeff. We discuss the benefits of aggregating assets and portfolios as a couple, basic tax location ideas, children with gambling problems and fun games to play with them, and resources for researching leveraged, diversified portfolios (e.g., "Return Stacking"). 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: Leveraged ETFs Article: Double-Digit Numerics - Articles - The Big Myth about Leveraged ETFs (ddnum.com) Ben Felix Video On Leverage: Investing With Leverage (Borrowing to Invest, Leveraged ETFs) (youtube.com) Return Stacked Article: Capital Market Assumptions when Return Stacking - Return Stacked® Portfolio Solutions Return Stacked ETFs: Home - Return Stacked ETF (returnstackedetfs.com) Ray Dalio Video on Holy Grail Principle: Ray Dalio breaks down his "Holy Grail" (youtube.com) Optimized Portfolio Website: Optimized Portfolio - Investing and Personal Finance Portfolio Visualizer Backtester: Backtest Portfolio Asset Allocation (portfoliovisualizer.com) ReSolve Riffs Podcast: ReSolve Riffs Investment Podcast - ReSolve Asset Management (investresolve.com) Simplify Assets Podcast: Keeping it Simple Series with Mike Green & Harley Bassman | Simplify Flirting With Models Podcast (Corey Hoffstein): Flirting with Models – The podcast all about quantitative investing Support the Show.

In this episode, we reflect on a recent podcast from the Value Stock Geek and embark on a nice little rant about recent mailings I have received from the financial services industry. Link: Security Analysis Podcast from the Value Stock Geek: The Security Analysis Podcast | Value Stock Geek | Substack Support the Show.

In this episode we answer emails from Lee, Phil and Carl. We discuss using Golden Butterfly and Golden Ratio portfolios for intermediate accumulations, the Cederburg Pickelhaube Portfolio (again), funds UUP and EUO as diversifiers, our open source business model and tax issues for US temporary residents. 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: Portfolio Visualizer Backtester: Backtest Portfolio Asset Class Allocation (portfoliovisualizer.com) Portfolio Charts Risk/Return Comparison Tool: Risk And Return – Portfolio Charts Nomad Capitalist site: Nomad Capitalist | Offshore Tax and Lifestyle Strategies for Entrepreneurs Support the Show.

In this episode we answer emails from Robert, MyContactInfo, and Stuart. We discuss growing and transitioning a FIRE portfolio, the drawbacks of too much cash, the Cederburg paper (again) and his Pickelhaube Portfolio, and more fun with leveraged ETFs. Links: Sean Mullaney Podcast re 72(t): How to Access Your Retirement Accounts Before 59.5 | Sean Mullaney | Ep 475 | ChooseFI Ben Felix Article re the Cederburg paper: Understanding the role of bonds in retirement portfolios | Advisor.ca Early Retirement Now Critique of the Cederburg Paper: 100% Stocks for the Long Run? - Early Retirement Now Paper on Optimal Leverage: Double-Digit Numerics - Articles - The Big Myth about Leveraged ETFs (ddnum.com) Support the Show.