Risk Parity Radio

In this episode we answer emails from Steve, Judy and Geordi.  We discuss the data surrounding stock/treasury bond correlations back to 1952, when and why you might want to hold bonds and a process for figuring that out and my takes on The Simple Path To Wealth.  With detours into prison jumpsuits, SpongeBob and  Ray Liotta. And THEN we our go through our weekly portfolio reviews of the seven samp...

In this episode we answer emails from MyContactInfo, the Nameless One, Jeff, Alexi (a/k/a Dude), and another Jeff.  We talk about leveraged ETFs (briefly), thoughts about changes in the Global Monetary System, another portfolio site, ETFs KBWR and KBWP and efficient accumulation. Links: Ray Dalio's Latest Book:  Principles for Dealing with the Changing World Order: Why Nations Succeed and Fai...

In this episode we answer emails from Soo-New, Monika, Jeff and Jack.  We discuss building out a risk parity portfolio in multiple accounts, the perils of membership in the Risk Parity Radio Club, the latest fads and gimmicks in Direct Indexing, how to consider and compare investing in different countries with Country Risk Factors and the intellectual perils of the Possibility Effect. And THEN we...

In this episode we answer emails from Jamie, Jean-Luc and Geordi.  We discuss a paper about REITs as a separate asset class, what to do about struggling bond funds, the value of small-cap value and choosing a retirement portfolio in line with Bill Bengen's recommendations. And THEN we our go through our weekly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk...

In this episode we answer emails from Andy, MyContactInfo and James The Flatterer.  We discuss factor investing in detail, why it is better than prior approaches and how to use it, why using valuation methods is beyond the skills of most amateurs and financial advisors and more fun with Wisdom Tree Funds. Links: Factor Investing Article 1:  Factor Investing Definition (investopedia.com) Factor Inv...

In this episode we answer emails from Chas, Javen and Pankaj.  We discuss using Berkshire Hathaway in a risk parity-style portfolio, Direxion mutual funds, taxable account considerations (again) and international stock funds (again). 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: Direxion Mu...

In this episode we celebrate George's generosity and answer emails from Jeff, Kyle, Richard, Jamie and MyContactInfo.  We discuss ulcer indexes and where to find them, leveraged ETFs and rebalancing, tag GDE again, have a lengthy frolic and detour into commodities funds and how they work, and rant a little more about the financial services industry. Links: The Father McKenna Center:  Home - F...

In this episode we answer emails from MyContactInfo (x2), Chris and Karen.  We discuss annuities and conflicts in the financial services industry and why efficient solutions are disfavored, tax considerations for accumulation risk parity portfolios and the joys of budgeting.  And THEN we our go through our weekly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Pa...

In this episode we answer questions from Doron, George, Eddie J. and Alexi (a/k/a "Duder").  We discuss the Macro-Allocation Principle and when to diversify your stock portfolio, what to do with dividends,  experimenting with leveraged two-fund portfolios and options for investing in volatility and managed futures/trend following with the Dude. We also talk about reaching 250,000 downloa...

In this episode we answer emails from Paul, MyContactInfo, Alex and Marvin.  We discuss Paul's sample portfolio construction, inherent conflicts of interest in financial media and the financial services industry, new Wisdom Tree Funds GDE and GDMN and more conflicts of interest from popular personal finance personalities involving day care centers and milk shake drinkers. Links: Portfolio Vis...

In this episode we answer emails from Mitchell, Alexi (Dude!), Brian and Daniel.  We discuss how to identify similar funds for tax loss harvesting, concentrations and "bad decades", leveraged ETFs in accumulation, using risk-parity portfolios for intermediate accumulations, and withdrawing in retirement from a Golden Butterfly portfolio.  And THEN we our go through our weekly portfolio r...

In this episode we answer emails from Mike, John, Jeff, Wang, and Ray.  We discuss recent performance of long-term treasury bonds and tax loss harvesting them, ValueStockGeek's Weird Portfolio (see episodes 113 and 126), borrowing against your portfolio at Interactive Brokers, how to understand criticism and not get caught up in spurious arguments and insults, and staying focused on we are ac...

In this episode we answer emails from Michelle, Brian, Alan and MyContactInfo.  We discuss transitioning from accumulation to decumulation, why TIPS suck (again), consumption smoothing in financial planning and the Allegory of the Cave applied to financial services and media. And THEN we our go through our weekly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Pa...

In this episode we read a novella from Karen about how she is constructing her Golden Ratio-style retirement portfolio.   Then we review expense and budgeting considerations, asset locations in multiple accounts, drawing down on a portfolio with ten-year IRAs and the basic options for managing asset sales and distributions.  And a bit on REITs to boot! Fear?  That's the other retiree's p...

In this episode we answer emails from Luis from Brazil, Paul, Alexi (His Dude-ness), and MyContactInfo (a different one).  We discuss how to analyze Brazilian TIPs and other role-based assets, the trials and tribulations of treasury bonds, the oddly extraordinary performance of property and casualty insurance companies in times like these,  tax considerations in fund-picking and what concentration...

In this episode we announce the roll out of the Risk Parity Chronicles blog and website from our listener Justin.  We also address emails from MyContactInfo, Spencer, Satoshi and Andre.  We discuss an interview of Eugene Fama about the war in the Ukraine, the ETF SAA (ProShares 2x Small Cap), the inherent problems with analyzing gold in a portfolio pre-1971 and related issues, and how to value a p...

In this episode we address emails from Thomas, Karen and Jeffrey.  We discuss high-performing two-fund portfolios, Bill Bengen and Michael Kitces missiles into the Deathstar's crystal balls and exhaust ports, Karen's portfolio management, an updated and improved shortcut tool for analyses at Portfolio Visualizer and Portfolio Charts, and a query about investing in energy sector stocks. A...

In this episode we begin with a rant about a Think Advisor article about what financial services is all about -- the PARTY CIRCUIT.  And the we address emails from the Nameless One, Kyu, Brian and Eric.  We discuss the original Permanent Portfolio and modifications to the Golden Butterfly portfolio, the tax feature of the Portfolio Visualizer Monte Carlo simulator, efficient allocations in taxable...

In this episode we address emails from Julie T., Julie H. Jeff and Colin.  We discuss the automated trading platform Composer, places to learn about crypto and NFTs, the growth factor in equities, the fund PRWCX, a modified Golden Butterfly portfolio, and using ABLE accounts for the "family match". And THEN we scar you with our weekly portfolio reviews of the seven sample portfolios you...

In this episode we give a shout out to our listeners in Ukraine and answer emails from Darren, Jeffrey and Ron.  We discuss World Central Kitchen, comparison tools for non-U.S. funds, the Portfolio Visualizer Financial Goals tool, shorter-term use of risk parity portfolios, the disgusting problem of unwinding poorly performing annuity products and some customized risk-parity style portfolios. Link...

In this episode we address emails and messages from Nathan, Michael, MyContactInfo and Visitor 5225.  We discuss correlations of international funds vs. small cap value funds, new international small cap value funds, the plusses and minuses of the Accelerated Permanent Portfolio, Aswath Damdaran and the follies of dividend investing, and my email address.  Whoa! And THEN we look at monthly distrib...

In this episode we address emails from Chris, Kevin from Canada, Davis, Amy and Mark.  We discuss RPAR's performance issues, A Canadian Anti-Beta ETF and academic analysis of those strategies, using utilities in the Golden Ratio portfolio, frontier markets and international factor funds, decumulation mechanisms and the Golden Ratio sample portfolio, and DFA-like funds. And THEN we put you to...

In this episode we address emails from Brandon, Scot, Junior, Tony and Chris.   We address using leverage in accumulation portfolios, thanks to Scot, how QYLD resembles a 1987 Chrysler LeBaron, the UPRO stock split (again), and sources of gold data. Links: Ben Felix Video About Leverage:   Investing With Leverage (Borrowing to Invest, Leveraged ETFs) - YouTube AQR Paper About Leverage:   Alternati...

In this episode we attend to emails from Justin, Mycontactinfo, Ron, Bastian and Dustin.   We discuss the UPRO stock split, Dan Pink's Drive and flow states, Laurence Kotlikoff books and the nature of reality and uncertainty, having a look at PICK and EWD, and more variations on the Golden Ratio portfolio. And THEN we put you to sleep with our weekly portfolio reviews of the seven sample port...

In this episode we give Mary a break and analyze the ProShares Ultrapro S&P500 ETF, ticker symbol UPRO, using David Stein's Ten Questions to Master Investing, which are: 1.  What is it? 2.  Is it an investment, a speculation, or a gamble? 3.  What is the upside? 4.  What is the downside? 5.  Who is on the other side of the trade? 6.  What is the investment vehicle? 7.  What does it take t...