Risk Parity Radio

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 Center Portfolio Charts Heat Map Calculator:   HEAT MAP – Portfolio Charts Larry Swedro...

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.  CORR...

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 Va...

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...

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 Center TSP F Fund Page:   F Fund | The Thrift Savings Plan (TSP) ITOT Analysis:  ITOT...

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...

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...

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...

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 M...

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...

In this episode we answer emails from George, Danny, and Jamie.  We discuss short-term asset allocations and considerations thereabouts, expense-tracking methodologies (led by Sister Stigmata), and manager-run managed futures funds versus replication-based funds. Links: QMHNX Page:   AQR Managed Futures Strategy HV Fund - QMHNX Podcast Debate about Managed Futures Funds:   246 Systematic Investor...

In this episode we answer emails from Thirsty Horse, Alexi (a/k/a "the Dude") and Mark.  We discuss our charity, assorted Monte Carlo simulations on Portfolio Visualizer and data sources, rebalancing of leveraged portfolios and the choice of leverage (follow up on Episode 259), Flight of the Conchords, and the pitfalls of trying to use valuation metrics as crystal balls. And THEN we our...

In this episode we answer emails from R.J., Mark and Jaako.  We discuss how amateur investors doing projections often double-count inflation accidently and apply inappropriate tax rates, using low-beta funds in portfolio construction, and ETFs designed to combat inflation in Finland and elsewhere. Note I misspoke and the USMV low-beta portfolio does better than the two created in Mark's backt...

In this episode we answer emails from Bruce, Raymond and Alexi (a/k/a "Dude").  We discuss what we learned from last year about the performance of various assets in a severely rising interest environment, holding a conservative portfolio in accumulation to sleep better and one of the Dude's gambling experiments involving UDOW and TQQQ. Links: Updated UNC Paper re Bonds, Flights to S...

In this episode we answer emails from MyContactInfo, Mark, Kasey and Eric.  We discuss a Kitces article about managing capital gains tax brackets, some of Mark's favorite episodes -- 208 on ideas for beginning investors and 209 about common safe-withdrawal-rate hysterias, Big ERNs' blog post on personal inflation rates and my response on his site, and the problems of substituting mental...

In this episode we answer emails from Drew, Carlos and Eric.  We discuss the UPAR and RPAR risk parity ETFs and their construction, rant a bit about TIPS, discuss attractive narratives about de-dollarization in the context of cognitive biases (the possibility effect and ignoring base rates) and how our adult children use a Golden Ratio-style portfolio to save for intermediate goals. Links: Father...

In this episode we answer emails from Eric (x2), Ron and Jeffrey.  We discuss the EconoMe Conference, my friendship with Diania Merriam, bid/ask spreads at various brokerages, an exquisite analysis of margin leverage vs. leveraged ETFs and the gold/gold miner fund GDMN. Links: EconoMe Conference 2024:  EconoMe Conference - March 15th-17th, 2024 Father McKenna Center Giving Page:  Donate - Father M...

In this episode we answer emails from Bob (one of the famous Bobs), Mitchell and Davis.  We discuss stable value funds vs. intermediate treasury bond funds, thinking about management issues in your 80s (and your parents), and what we have learned about leverage in portfolios since 2020. And THEN we our go through our weekly portfolio reviews of the seven sample portfolios you can find at Portfolio...

In this short but jammed-packed episode, we goof off with some of our regulars and answer emails from Brian, Alexi (a/k/a the "Dude"), MyContactInfo and Kasip.  We address a variety of random musings about some new treasury bond ETFs and Simply ETFs, Flight of the Conchords humor, what AI has to say about Medicare Advantage and Medigap, and what to do as a resident alien about a 401k.  I...

In this episode we answer emails from Lauren, Paul and MyContactInfo.  We discuss Emerson and Thoreau and how we apply their teachings, comparing risk parity style portfolios with others using Portfolio Charts, and an article about Bill Bernstein's new bond ladder and how it fits in. And THEN we our go through our weekly portfolio reviews of the seven sample portfolios you can find at Portfol...

In this episode we answer emails from Javier, Adam, and Jeff.  We discuss what to do with limited 401k options and the Macro Allocation Principle, revisit an academic article we discussed in Episode 251 with some additional critical thinking skills, and talk some about Corey Hoffstein's return stacking, developments in leveraged fund and the Pimco StocksPlus family. Links: Rational Reminder V...

In this episode we answer emails from Javier, Heath and Joao.  We discuss Simplify's short VIX ETF, "SVOL", and the difficulties of investing in volatility, the anomalous circumstances of 2022 and how it affected treasury bonds, and a bit about taxation in Brazil (about which I really know nothing). And THEN we our go through our weekly portfolio reviews of the seven sample portfoli...

In this episode we answer emails from MyContactInfo and Chris.  We follow up on Episode 251 with a taxonomy of five withdrawal strategies described in an article from the CFA institute and discuss a "not really a withdrawal strategy" that is classified as a form of mental accounting and does not impact safe withdrawal rates (at least not in a positive manner).  We talk about how to class...

In this episode we answer emails from Andreas and Brad.   We discuss algorithmic factor funds like AVUV vs. basic index factor funds, basic principles of portfolio construction, low volatility funds, and the rebalancing research of Corey Hoffstein. 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...

In this episode we answer emails from Pete, MyContactInfo and Jenzo.   We discuss leveraged funds, a paper about holding them longer term and optimal leverage, analyzing leveraged portfolios, meta-concepts of retirement portfolio planning and how to separate the critical components of a withdrawal strategy (the dogs) from various management techniques, labeling methods and mental accounting (the t...