Risk Parity Radio

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 Center

Mark's Experimental Portfolio Backtest:  https://www.portfoliovisualizer.com/backtest-portfolio?s=y&sl=3rBetjbWFjRbRZSN6uMuIa

Shannon's Demon Article:  Unexpected Returns: Shannon's Demon & the Rebalancing Bonus – Portfolio Charts

Recent 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 Charts

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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 - QDSIX

Ben Carlson Article on Bond Funds vs. Bond Ladders:  Owning Individual Bonds vs. Owning a Bond Fund - A Wealth of Common Sense

Niall Ferguson Article:  Global Population Collapse Isn't Sci-Fi Anymore: Niall Ferguson - Bloomberg

Shock 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 | Goodreads

Hans Rosling's Factfulness:  Factfulness: Ten Reasons We're Wrong About the World – and Why Things Are Better Than You Think by Hans Rosling | Goodreads

Hans 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 sight

Portfolio Charts Withdrawal Rates Article:  How to Harness the Flowing Nature of Withdrawal Rate Math – Portfolio Charts

Portfolio Charts Portfolio Matrix Comparison Tool:  Portfolio Matrix – Portfolio Charts

Portfolio Charts Portfolio Risk-Return Comparison Tool:  Risk And Return – Portfolio Charts

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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=2lyVPkZFRfTEgVF8cZIAe5

Shannon's Demon and Rebalancing Article:  Unexpected Returns: Shannon's Demon & the Rebalancing Bonus – Portfolio Charts

Carlos' Article re Emerging Markets:  Safe withdrawal rates from retirement savings for residents of emerging market countries (repec.org)

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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 | Direxion

Portfolio Visualizer TMF vs. TLT vs. ZROZ Analysis:  https://www.portfoliovisualizer.com/backtest-portfolio?s=y&sl=7aqdp6fzBF4NWiP8rUdH9m

Claude Shannon's Demon Article:  Unexpected Returns: Shannon's Demon & the Rebalancing Bonus – Portfolio Charts

Father McKenna Center:  Home - Father McKenna Center

EconoMe Conference Speakers:  Our Speakers - EconoMe (economeconference.com)

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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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