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 

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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

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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

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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

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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

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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)

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In this episode we answer emails from Anderson, Dennis and Brian.  We discuss a proposed levered portfolio and leverage in general, revealed preferences applied to portfolio construction and matching construction to actual or stated goals and staying alive with Andean flute playing.

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:

Ben Felix Video On Leverage:  Investing With Leverage (Borrowing to Invest, Leveraged ETFs) (youtube.com)

Optimized Portfolios:  Optimized Portfolio - Investing and Personal Finance

Warren Buffett's Alpha Article:  Full article: Buffett’s Alpha (tandfonline.com)

Excess Returns -- Show Us Your Portfolio:  Show Us Your Portfolio: Corey Hoffstein (youtube.com)

Rational Reminder Podcast -- Best Practices In Family Wealth Management:  Episode 282: Dr. Jim Grubman: The Psychology of Wealth — Rational Reminder

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In this episode we answer emails from Blake, Brown and Christian.  We discuss new research into the long-term performance of leveraged funds, other gambling problems and the tax reporting of gold ETFs.

Links:

Blake's Backtest:  Unleveraged TQQQ (portfoliotree.com)

Blake's Article:  ⚠️ Leveraged ETFs ⚠️. Why They Sell Themselves Short | by ETF_Guy | Jan, 2024 | Medium

Corey Hoffstein's Return Stacked ETFs:  Home - Return Stacked ETF (returnstackedetfs.com)

Ben Felix Video on Leverage:  Investing With Leverage (Borrowing to Invest, Leveraged ETFs) (youtube.com)

Christian's Link re GLDM Tax Data:  World-Gold-MiniShares-Tax-Data-12-31-22-Final.pdf (spdrgoldshares.com)

GLDM Prospectus:  doc-viewer (ssga.com)

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In this episode we answer emails from Matthew, Matthew and Matthew.   Our development has apparently been arrested.  We discuss basic principles and economic history pertaining to inflation, a levered accumulation portfolio and why private real estate platforms are largely just a "meh" kind of investment.

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:

When Money Dies:  When Money Dies: The Nightmare of the Weimar Hyper-inflation by Adam Fergusson | Goodreads

Lords of Finance:  Lords of Finance: The Bankers Who Broke the World by Liaquat Ahamed | Goodreads

Fifty Years In Wall Street:  Fifty Years in Wall Street | Wiley

Price of Time:  The Price of Time by Edward Chancellor | Goodreads

This Time is Different:  This Time Is Different: Eight Centuries of Financial Folly by Carmen M. Reinhart | Goodreads

Portfolio Visualizer Analysis of Matthew's Proposed Levered Portfolio:  https://www.portfoliovisualizer.com/backtest-portfolio?s=y&sl=16aW147QWi5jCXws2tqXpg

EconoMe Conference (discount code "riskparityradio"):  EconoMe Conference - March 15th-17th, 2024

White Coat Investor Private Real Estate Affiliate Links:  Real Estate Investing Company Partners | White Coat Investor

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In this episode we answer emails from Paulo, Phil, and Visitor 5858.  We discuss cognitive biases in the context of long-term care and unexpected medical expenses, follow ups on Episodes 307 and 308, David Stein's "garden approach" to investing, and what the purpose of gold is in a diversified portfolio.

And talk about our recent vacation in Peru.

Links: 

Peter Attia's "Outlive" book:  Outlive: The Science & Art of Longevity - New Book by Peter Attia (peterattiamd.com)

"Happy Body" book:  The Happy Body Book Home - The Happy Body

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