Risk Parity Radio

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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In this episode we answer emails from Paul, Greg and Stuart.  We discuss various portfolio visualizer analyses, correlations, Sharpe and Sortino ratios and issues pertaining to rebalancing.

Links;

Paul's Truncated Analysis:  https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&sl=3fTid2mNzw2PPRhYmjAGGz

Longer Analysis with More Data:  https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&sl=2PBlJj89KNGhCiNBkCDMaV

Larry Swedroe's Portfolio:  Show Us of Your Portfolio II: Larry Swedroe on Alternatives and Interval Funds (youtube.com)

VISVX (VSIAX) vs. VBR Comparison:  https://www.portfoliovisualizer.com/backtest-portfolio?s=y&sl=2bfrlatwi8J4WhwvLR8dIo

Corey Hoffstein on Rebalancing Timing #1:  Corey Hoffstein - Rebalance Timing Luck (S2E11) (youtube.com)

Corey Hoffstein on Rebalancing Timing #2:  10 Reducing 'Timing Luck' and Liquidity Cascades - Corey Hoffstein, Newfound Research (youtube.com)

Optimal Rebalancing Article:  Optimal Rebalancing – Time Horizons Vs Tolerance Bands (kitces.com)

Smart Portfolios Book:  Smart Portfolios: A practical guide to building and maintaining intelligent investment portfolios: Carver, Robert: 9780857195319: Amazon.com: Books

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In this episode we answer emails from Mr. Klingon, Bob, MyContactInfo, and Ralph.  We discuss the Macro-Allocation Principle and Accumulation Portfolios, using a value-tilt for decumulation, the ins and outs of Monte Carlo simulations, Dr. Who and using gold in an accumulation portfolio.

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:

Monte Carlo Analysis of 80/20 Portfolio on Portfolio Visualizer:  Monte Carlo Simulation (portfoliovisualizer.com)

Monte Carlo Analysis of Diversified Retirement Portfolio:  Monte Carlo Simulation (portfoliovisualizer.com)

EconoMe Conference (code "riskparityradio" to save 10%):  EconoMe Conference - March 15th-17th, 2024

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In this episode we answer emails from Allison, Kenny and Steve.  We discuss the methods and madnesses of financial media and the industry, modeling financial "experts" as hedgehogs and foxes, US dollars and debt, and correlations between treasury bonds and stocks, why portfolio income is just part of total returns and is not special, and incorporating managed futures into a Golden Ratio-style portfolios.

Links:

Duke Paper on Treasury/Stock Market Correlations:  delivery.php (ssrn.com)

Picture Perfect Portfolios Comparison of Managed Futures ETFs:  What's The Best Managed Futures ETF? DBMF vs KMLM vs CTA (pictureperfectportfolios.com)

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In this episode we answer emails from Kyle, Andy, Eric and Bluto.  We discuss datasets at Portfolio Visualizer, guidelines for making allocation changes in a portfolio generallly and with managed futures, managed futures funds DBMF, KMLM and CTA and distribution issues, and EconoMe Conference 2024.

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 Donation Page:  Donate - Father McKenna Center

Kyle's First Portfolio Visualizer Link:  Backtest Portfolio Asset Class Allocation (portfoliovisualizer.com)

Kyle's Second Portfolio Visualizer Link:  Backtest Portfolio Asset Class Allocation (portfoliovisualizer.com)

Kyle's CASHX PV Link:  Backtest Portfolio Asset Allocation (portfoliovisualizer.com)

ETF Database -- Managed Futures Funds:  Managed Futures ETF List (etfdb.com)

Simplify ETFs Distribution List (CTA and others):  Simplify Provides Estimated Capital Gain Distribution Information for 2023 | Simplify

EconoMe Conference -- Use Code "riskparityradio" for 10% discount:  EconoMe Conference - March 15th-17th, 2024

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In this episode we do our annual portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio and compare them with various commercial reference portfolios.

And entertain a four-year old child and our adult offspring.

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In this episode we answer emails from Slippery Steve, Keith, Brian, and Kyle.  We discuss a momentum allocation strategy called "the 12% Solution" and complex allocation strategies in general, preferred shares and preferred shares funds, notions about correlations from Rick Ferri's All About Asset Allocation book (pub. 2005 and 2010), putting the Simplicity Principle in it's proper context (not the first priority), and a fun listener-provided sound clip.

Link:

Father McKenna Center Donation Page:  Donate - Father McKenna Center

Duke Research Paper re Stock Market and Treasury Bond Correlations:  delivery.php (ssrn.com)

Morningstar Analysis of PFFD:  PFFD – Portfolio – Global X US Preferred ETF | Morningstar

Morningstar Analysis of JNK:  JNK – Portfolio – SPDR® Blmbg High Yield Bd ETF | Morningstar

All About Asset Allocation (2010):  All About Asset Allocation, Second Edition: Ferri, Richard A. A.: 9780071700788: Amazon.com: Books

Kyle's Rodney Dangerfield Clip:  Then, Sell Sell Sell - Caddyshack (youtube.com)

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