Risk Parity Radio

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 CenterNew Portfolio Charts Article re Gold and Global Safe Withdrawal Rates:  What Global Withdrawal Rates Teach Us About Ideal Retirement Portfolios – Portfolio ChartsShannon's Demon Article from Market Sentiment:  Shannon's Demon - Market SentimentShannon's Demon Article from Portfolio Charts:  Unexpected Returns: Shannon's Demon & the Rebalancing Bonus – Portfolio ChartsShannon'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 CenterPortfolio Matrix Calculator:  Portfolio Matrix – Portfolio ChartsPortfolio Drawdowns Calculator:  Drawdowns – Portfolio ChartsPortfolio Charts "Ingredients" Article:  Three Secret Ingredients of the Most Efficient Portfolios – Portfolio ChartsSafe Withdrawal Rate Series Article about Gold:  Using Gold as a Hedge against Sequence Risk - SWR Series Part 34 - Early Retirement NowSupport 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 CenterMark's Experimental Portfolio Backtest:  https://www.portfoliovisualizer.com/backtest-portfolio?s=y&sl=3rBetjbWFjRbRZSN6uMuIaShannon's Demon Article:  Unexpected Returns: Shannon's Demon & the Rebalancing Bonus – Portfolio ChartsRecent 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 ChartsSupport 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 - QDSIXBen Carlson Article on Bond Funds vs. Bond Ladders:  Owning Individual Bonds vs. Owning a Bond Fund - A Wealth of Common SenseNiall Ferguson Article:  Global Population Collapse Isn't Sci-Fi Anymore: Niall Ferguson - BloombergShock 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 | GoodreadsHans Rosling's Factfulness:  Factfulness: Ten Reasons We're Wrong About the World – and Why Things Are Better Than You Think by Hans Rosling | GoodreadsHans 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 sightPortfolio Charts Withdrawal Rates Article:  How to Harness the Flowing Nature of Withdrawal Rate Math – Portfolio ChartsPortfolio Charts Portfolio Matrix Comparison Tool:  Portfolio Matrix – Portfolio ChartsPortfolio Charts Portfolio Risk-Return Comparison Tool:  Risk And Return – Portfolio ChartsSupport 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=2lyVPkZFRfTEgVF8cZIAe5Shannon's Demon and Rebalancing Article:  Unexpected Returns: Shannon's Demon & the Rebalancing Bonus – Portfolio ChartsCarlos' 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 | DirexionPortfolio Visualizer TMF vs. TLT vs. ZROZ Analysis:  https://www.portfoliovisualizer.com/backtest-portfolio?s=y&sl=7aqdp6fzBF4NWiP8rUdH9mClaude Shannon's Demon Article:  Unexpected Returns: Shannon's Demon & the Rebalancing Bonus – Portfolio ChartsFather McKenna Center:  Home - Father McKenna CenterEconoMe 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.comThe Misbehavior of Markets by Benoit Mandelbrot:  The Misbehavior of Markets: A Fractal View of Financial Turbulence: Mandelbrot, Benoit, Hudson, Richard L.: 9780465043576: Amazon.com: BooksCatching Up To FI for Late Starters:  Financial Independence - Catching up to FIRSBT 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, 2024Support 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 SolutionsReturn 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 FinancePortfolio 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 | SimplifyFlirting With Models Podcast (Corey Hoffstein):  Flirting with Models – The podcast all about quantitative investingSupport 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 | SubstackSupport the show