Risk Parity Radio

In this rather short episode we answer emails from Ralph, Scott, Eric, the Mysterious Visitor 9575, and Steven.  We discuss my recent absence and predilections for silliness, a recent podcast from the Inflation Guy about safe withdrawal rates and coming updates to the website.

Links:

Inflation Guy Podcast Episode:  Ep. 92: Safe Withdrawal Rates - Accounting for Inflation | Cents and Sensibility: the Inflation Guy Podcast (podbean.com)

Risk Parity Chronicles:  Risk Parity Chronicles

Father McKenna Center Donation Page:  Donate - Father McKenna Center

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In this episode we answer emails from Keith, Pete and Tim.  We discuss developments in factor-based investing, portfolio transitions, RMDs, the recent Cederburg paper (again) and what goes on Down Under.  And another visit from Lee-roy Jenkins.

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

Charity Navigator Score For the Father McKenna Center:   Charity Navigator - Rating for Father McKenna Center Inc.

Alpha Architect Article On The Value Factor:  AA-JBISFactorInvesting22LongOnlyValueInvesting.pdf (alphaarchitect.com)

Cederburg Paper (Again):  delivery.php (ssrn.com)

New Rational Reminder Podcast with Scott Cederburg:  Professor Scott Cederburg: Challenging the Status Quo on Lifecycle Asset Allocation | RR 284 (youtube.com)

Canstar Site with Aussie ETF Options:  Compare Exchange Traded Funds (ETFs) | Canstar

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In this episode we answer emails from Jenzo, Priah and Matt.  We discuss a levered portfolio and tracking errors, the limitation of Scott Cederburg's latest academic paper, bootstrapping -- what it is and how it works --,  what "blend" means in factor-speak, and some pitfalls with Portfolio Visualizer's datasets,

And also the upcoming EconoMe Conference in March 2024 with a discount code for our listeners, "riskparityradio":

Links:

EconoMe Conference:  EconoMe Conference - March 15th-17th, 2024

Academic Paper Critical of Lifecycle Investment Advice:  delivery.php (ssrn.com)

Rational Reminder Podcast re same paper:  Lifecycle Asset Allocation, and Retiring Successfully with Justin King | Rational Reminder 281 - YouTube

Portfolio Visualizer Documentation:  Portfolio Visualizer Documentation

Matt's First Montecarlo Analysis:  Monte Carlo Simulation (portfoliovisualizer.com)

Matt's Second Montecarlo Analysis:  Monte Carlo Simulation (portfoliovisualizer.com)

Modifying Matt's Analysis to Account for Earlier Data: Monte Carlo Simulation (portfoliovisualizer.com)

Father McKenna Center Donation Page:  Donate - Father McKenna Center

Father McKenna Center Charity Navigator Rating:  Charity Navigator - Rating for Father McKenna Center Inc.

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In this episode we return from hiatus to answer emails from Popeye, Clint and Mr. Klingon.  We discuss a JP Morgan report, giving to the Father McKenna Center, adventures with a bad planner-provided portfolio and how to fix it, and that cowbell known as small cap value.

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:

JP Morgan Reports:  Guide to the Markets | J.P. Morgan Asset Management (jpmorgan.com)

Father McKenna Center Donate Page:  Donate - Father McKenna Center

Merriman Best In Class Fund Recommendations:  Best ETF Recommendations | Merriman Foundation (paulmerriman.com)

Small Cap Growth v. Small Cap Value Since 1972:  Backtest Portfolio Asset Class Allocation (portfoliovisualizer.com)

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In this episode we answer emails from Visitor 5970, Frank, Alexi (a/k/a "the Dude") and Paul.  We discuss the bond funds in the TSP, the Catching Up To FI podcast, Wealthfront's atrocious attempt at a risk parity fund and the Pinwheel 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:

TSP F Fund:  F Fund | The Thrift Savings Plan (TSP)

Catching Up To FI podcast on YouTube:  Catching up to FI - YouTube

Wealthfront's Troubled Risk Parity Fund:  WFRPX – Wealthfront Risk Parity W Fund Stock Price | Morningstar

The Pinwheel Portfolio:  Pinwheel Portfolio – Portfolio Charts

Portfolio Charts Risk-Return Portfolio Comparisons:  Risk And Return – Portfolio Charts

Value Stock Geek Interview of Yours Truly:  Frank Vasquez - Risk Parity Investing for the DIY Investor (securityanalysis.org)

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In this episode we answer emails from Steve, Jeff and Kenny.  We discuss the complex foibles of Empower/Personal Capital portfolios and transitioning them. investing in gold and silver and tax treatments, and using the Vanguard Wellesley Fund as a model for very conservative investors.

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:

Rob Berger Video about Investing In Gold:  How to Buy Gold (Without Getting Ripped Off) - YouTube

Taxation of Gold ETFs Article:  How Taxes Work For A Gold ETF Or ETP Investment (etftrends.com)

Taxation of PHYS Fund:  Tax Information - Physical Gold Trust (sprott.com)

Yahoo version of Article re taxation of gold ETFs:  How Taxes Work For Gold ETF & ETP Investments (yahoo.com)

Taxation of Section 1256 Contracts:  Section 1256 Contract: Definition and Tax Rules (investopedia.com)

Vanguard Wellesley Portfolio:  VWIAX – Portfolio – Vanguard Wellesley® Income Admiral™ | Morningstar

Risk Parity Chronicles:  Risk Parity Chronicles

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In this episode we answer emails from William, Tyler and Builderman.  We discuss making changes in treasury bond fund allocations and the foibles of interest rate crystal balls, using the Portfolio Visualizer Monte Carlo simulator to model Golden Ratio style portfolios and musings about Iowa farmland and other family dynasty-type investments.  And we Fight, Fight, Fight for Iowa.  Errata:  I said "Large Cap Value" in the answer to Tyler's question when I meant "Large Cap Growth."  Doh!

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:

Tyler's Golden Ratio Portfolio Analysis (Tickers):  Monte Carlo Simulation (portfoliovisualizer.com)

Tyler's Golden Ratio Portfolio Analysis (Asset Classes):  Monte Carlo Simulation (portfoliovisualizer.com)

Golden Ratio Portfolio Analysis (Longer-Term Asset Classes):  Monte Carlo Simulation (portfoliovisualizer.com)

Interview with Anthony Deden:  Modern-Day Asset Management Business w/ Anthony Deden - YouTube

Risk Parity Chronicles:  Risk Parity Chronicles

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In this episode we answer emails from Alexi (a/k/a "the Dude"), MyContactInfo and James.  We discuss a couple new ETFs, CAOS and AHLT, follow up on earlier discussions about retirement calculators and investing in long term treasury bonds (VGLT and EDV).

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:

CAOS on Morningstar:  CAOS – Alpha Architect Tail Risk ETF – ETF Stock Quote | Morningstar

Khan Academy link -- Geometric Sums:  Finite geometric series word problem: mortgage (video) | Khan Academy

Risk Parity Chronicles Article on Long Treasuries:  The Long Bond Apocalypse (riskparitychronicles.com)

Yours Truly on "Catching Up to FI":  044 | Sponge Bob and Drawdown Strategies | Frank Vasquez - YouTube

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In this episode we answer emails from Mark, Mark and Cody.  We discuss what first Mark learned by investigating JEPI, the history of investing in gold over the past 100 years and how that may affect the data, and potential data limitations in Portfolio Visualizer on very long Monte Carlo simulations.

Bonus Links:

The Mysterious London Gold Pool:  London Gold Pool - Wikipedia

Gold Mining Shares In the Great Depression:  Gold Stocks Were Financial Saviors During The 1930s | Gold Eagle (gold-eagle.com) 

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In this episode we answer questions from BuilderMan, Drew and MyContactInfo.  We discuss how to incorporate farmland and other illiquid, income-producing assets in retirement expense planning, the perilous process of trying to manage a portfolio based on expert picks -- here, Ray Dalio -- and why venture capital may not be so smart.

And then we discuss the new Risk Parity Chronicles Monthly Roundup and a rebalancing of the Accelerated Permanent Portfolio sample portfolio.

And we sing the Iowa Corn Song!

Links:

Gladstone LAND ETF:  LAND - Gladstone Land Corp Chart - NASDAQ | Morningstar

Ray Dalio Article About Cash:  (24) The Thinking Behind Why Cash Is Now Good (and not Trash) | LinkedIn

Aswath Damodaran Blog Article on Venture Capital:  Musings on Markets: Putting the (Insta)cart before the (Grocery) horse: A COVID Favorite's Reality Check! (aswathdamodaran.blogspot.com)

Risk Parity Chronicles Risk Parity Roundup:  Risk Parity Roundup: October 2023 (riskparitychronicles.com)

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