Risk Parity Radio

In this episode we answer emails from Charlie, Jimi and Freya.   We provide explanations of the concepts of rebalancing and reallocation, talk about a listener's favorite sound clip and about creating a simple starter portfolio for a very small U.K. investor.  And we take a poke at the new Morningstar report on retirement forecasting and projected safe withdrawal rates, and the vast changes t...

In this episode we answer emails from Brian, Alexi (the Dude!) and Geordi.  We discuss how central bank activities may affect asset correlations, applying the history of money to today's crypto currency-related issues, investing in volatility, another podcast about DBMF, and the follies and foibles of the physical precious metals racket and the participants therein, especially the newsletter...

In this episode we answer an email from Daniel, who asks a follow-up question to episode 209 about CAPE ratios and Big ERN's blog.  We then recount a Zoom chat and email exchanges between the host and Karsten Jeske about that topic and related ones and an analysis of a sample risk-parity style portfolio using the Early Retirement Now SWR Toolbox.  It's similar to "Celebrity Deathmat...

In this episode we answer emails from Jamie, Chris and The Dude (Alexi).  We give do some listener appreciation and talk about The Dude's proposed volatility-related allocation. And THEN we our go through our weekly and monthly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio .   And we also invite you to an event at the Father McKenna Center in...

In this episode we answer emails from Gregory, MyContactInfo, Ralphio and Spencer.  We discuss the overriding currency speculation aspect of investing in non-U.S. funds, keeping things simple during accumulation, leveraged funds, some academic analyses of managed funds and what to make of it, how to identify the basic factors of given funds and the Shplendid aspects of MORE COWBELL. Links: Paul Me...

In this episode we answer emails from Nick, Mr. Harris and Howard.  We discuss the hoary details of the tax reporting of GLDM, following your rebalancing rules and why relying on the past performance of managed mutual funds probably is not a good idea. And THEN we our go through our weekly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio .  With rebal...

In this episode we answer emails from Uday, Rick,  Anderson and Jacques.  We discuss Giving Tuesday and the Father McKenna Center, new tutorials at Risk Parity Chronicles about asset swaps and wash sales, buffered ETFs and scandalous structured products, why we still love gold (a little), getting exposure to small cap value -- yada, yada, yada -- and bond ladders vs. bond funds. Links: Father McKe...

In this episode we answer emails from Ethan, Eric, MyContactInfo and Jon.   We discuss using the Golden Ratio portfolio for intermediate accumulations, Hedgehogs and Foxes in economic forecasting, total bond funds, momentum factor investing and Frankie Goes To Hollywood. And THEN we our go through our weekly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity...

In this episode we answer questions from Brad, Craig, AnnieMous, and Jack.   We discuss new information from Portfolio Charts about tax-loss harvesting bond funds like TLT (and other funds), portfolio construction with the Golden Ratio, the recent popularity of managed futures with the info-sales and marketing crowd, portfolio management with asset swapping between taxable and tax-protected accoun...

In this episode we answer emails from Blake, Gen and MyContactInfo.   We discuss Blake's good work with analysis tools, fractional shares of ETFs and more on managed futures and DBMF.  And THEN we our go through our weekly and monthly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio . Additional links: Blake's Model Portfolios:  Model-Portfo...

In this episode we return from vacation ready to rumble and answer emails from Peter, David, MyContactInfo (x2) and Mark.   We appreciate our listeners and then annoy them (I've got an angle), talk about ESG investing and why you want to have both growth and value funds and talk about buy-write funds in general and JEPI in particular. Links: Risk Parity Chronicles Resources:  Resources - Risk...

In this episode we answer emails from Harvey (a large rodent), MyContactInfo and Mark.  We discuss the Dragon Portfolio and managed futures funds like DBMF, reprise Episode 202,  some common mistakes of amateur investors, reverse mortgages (briefly), and how we have incorporated and modified classic and theoretical risk parity principles. Links: Recent Interview of Andrew Beer (DBMF):   214 System...

In this episode we answer questions from Jeremy, Richard and Gen.  We discuss the moribund WARM portfolio strategy, more issues about annuities and where to learn more about them, and fractional share trading of ETFs. And THEN we our go through our weekly and monthly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio . Additional links: JL Collins Artic...

In this episode we answer emails from Sue, Vern and Rene.  We discuss revocable trusts, where and where not to get them and why or why not you might want one, the mechanics of rebalancing and drawing down on a portfolio with multiple accounts, and the differences between various small cap funds like IJR, IJS, IJT and VIOV. Support the show

In this episode we answer emails from Boone, MyContactInfo and Alex.  We discuss issues with leverage, real estate invesments, spreadsheet projections and guessing about the future.  Listen for the BLOOPER! And THEN we our go through our weekly and monthly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio . Additional links: Video About Leverage:  Inve...

In this episode we follow up on Episode 209 with some recent (as in this week) Wade Pfau references that confirm what we said about overly pessimistic SWR assumptions.   And then we answer emails from Justin, Drew, Jim and Chris.  We discuss REITs and the Risk Parity Chronicles series about them, good sources for information about factor or "smart beta" investing, and questions about tra...

In this episode we answer a lengthy email from Kevin about issues with popular estimates of Safe Withdrawal Rates.  We then discuss the problems with and failings of some of these estimates and their underlying analysis, including why Best Practices beat Convenient Shibboleths, failures to analyze non-simplistic portfolios, misuse of the "reversion to the mean" concept, improper use of c...

In this episode we discuss an email from and conversation with Paul Merriman.  We follow up on his suggestion/request that we create an episode for beginning investors to help them get going  in a simple way that can work.  And then we embark on a very special trip.  Very.  Special. Links: The Four Phases of Saving and Investing for Retirement:   The Four Phases Of Saving For Retirement (kitces.co...

In this episode we answer emails from Arun, Jeffrey and Chris.  We discuss using simple back-of-the-envelope estimation methods to solve for complex portfolio projections, using a risk parity style portfolio for intermediate accumulations, and re-cap annuity considerations from Episode 184. And THEN we our go through our weekly and monthly portfolio reviews of the seven sample portfolios you can f...

In this episode we answer questions from MyContactInfo, Wesley and Adam.  In a tour de force presentation, we discuss Michael Mauboussin's book, "The Success Equation:  Untangling Skill and Luck in Business, Sports and Investing", the implications of an all small-cap value portfolio and applying the ideas of Bruce Lee and Emerson to Jack Bogle's "Common Sense Investing&quo...

Aaaand we're gone!  Poof! Back next week! Support the show

In this episode we answer emails from Connor, Paul and Paul Z.  We discuss a new single bond ETF, Paul's risk parity style portfolio and AVUV vs. VIOV.  And THEN we our go through our weekly and monthly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio . Additional Links: Connor's Article:   Single-Bond ETFs Solve Some Key Investing Problems...

In this episode I answer a question from Charles, who has a terminal illness.  We go off topic and discuss books about dying, examples of people who did it well, and resources for short-term trading. Links: End of Life Series:   Barbara Karnes' End of Life Guideline Series - BK Books – BK Books The Five Invitations:   The Book | The Five invitations: What Death Can Teach Us About Living Fully...

In this episode we answer emails from Gen, Greg and Nathan.  We discuss how to find funds using a fund screener and why you should not be using the investment account equivalents of blackberries and flip-phones any more, individual REIT selections, and value and growth data sources.   I forgot to mention that the other individual REIT we hold is WY, which invests in timber (and thereby missed anot...

In this episode we answer questions from Andy and Todd.  We discuss the Buy, Borrow, Die Strategy and everything you wanted to know about the Host (or maybe not) and his approach. Links: Luke Burgis Book About Mimetic Theory:  Wanting: The Power of Mimetic Desire in Everyday Life by Luke Burgis | Goodreads Barking Up The Wrong Tree Book:    Barking Up the Wrong Tree: The Surprising Science Behind...