In this episode we answer emails from Peter, Darren and Paddi about sequence of return risk of Risk Parity style portfolios versus cash-drag portfolios, correlations among U.K. and European ETFs, gilts, Vanguard ISA selections, U.S. versus global portfolios, glide paths, the Macro-Allocation principle, valuing real estate in a retirement portfolio, an Amex privileged assets account, the Golden Ratio portfolio and gold ETFs.

And the Atlanta Highway.

Links:

Portfolio Charts Heat Map:  HEAT MAP – Portfolio Charts

Unicorn Bay Correlation Analyzer That Works With UCITS ETFs:  Asset Correlations for Free | Unicorn Bay

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In this episode we answer emails form Eric, Chas, Rick, Mike and Grant about Canadian stuff, using margin, transition timing, and inverse stock funds.  And THEN we do our weekly and monthly portfolio reviews of the SEVEN sample portfolios at Portfolios | Risk Parity Radio.

Additional links:

Portfolio Charts Fund Finder:  FUND FINDER – Portfolio Charts

Portfolio Charts Retirement Spending Calculator:  RETIREMENT SPENDING – Portfolio Charts

Interview of Me on a Scottish podcast:  ‎Superb Diamond Range: Frank Vasquez of Risk Parity Radio (The Financial Series) | #49 | Risk Parity Investing | podcast | superb diamond range on Apple Podcasts

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In this episode we introduce a new sample portfolio on our portfolios page at Portfolios | Risk Parity Radio.  The Levered Golden Ratio is a leveraged portfolio that contains stocks, treasury bonds, gold, a REIT, a volatility fund and a smidgen of crypto-related funds.  It will be the seventh sample risk-parity style portfolio.

Additional Links:

Portfolio Visualizer Backtest:  Backtest Portfolio Asset Allocation (portfoliovisualizer.com)

Correlation Matrix:  Asset Correlations (portfoliovisualizer.com)

Seeking Alpha Article Re Risk Parity Portfolios with NTSX and SWAN:  Risk Parity Portfolio: Double-Digit Annual Returns, Inflation and Recession-Proof | Seeking Alpha

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In this episode we answer emails from Andrew and Karen, Nick, Chris and Brandon.  We discuss ETF expenses, an article about treasuries that misuses data in favor of a Crystal Ball,  the Holy Grail principle, vectors and volatility, rebalancing and Vanguard mutual funds.

Here are the links:

Referenced Article:  iShares ETF TLT: No Reason To Buy Long-Term Treasuries At Rock-Bottom Yields | Seeking Alpha

2021 Correlation Analysis of TLT, SPY and VIOV:  Asset Correlations (portfoliovisualizer.com)

Bond Convexity Article:  High Profits at Low Rates: The Benefits of Bond Convexity – Portfolio Charts

Ray Dalio Explains the Holy Grail Principle:  Ray Dalio breaks down his "Holy Grail" - YouTube

Michael Kitces Optimized Rebalancing:  Optimal Rebalancing – Time Horizons Vs Tolerance Bands (kitces.com)

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In this episode we thank Mathew G for his support, answer emails from EJ, Greg, Nathan, Scott and David and do our weekly portfolio reviews of the sample portfolios you can find at Portfolios | Risk Parity Radio.  We discuss EDV, alternatives to gold in the Golden Butterfly, my investing history, accumulation portfolios and the portfolio shift at retirement.

Errata:  I said "1.5%" when I meant "1.5 times" in the discussion of EDV and TLT and the insurance ETF mentioned is KBWP.

Additional links:

The Father McKenna Center:  Home - Father McKenna Center

Sample Portfolios at Portfolio Charts:  Portfolios – Portfolio Charts

Michael Kitces Phases of Investing Article:   The Four Phases Of Saving For Retirement (kitces.com)

Morningstar Diversification Landscape Report:  Diversification_Landscape_033021v2.pdf (morningstar.com)

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In this episode we answer emails from  Randy, Mike, Ed, Javen, Boone, Jamie and Glenn.  We address the sample portfolio distribution rules, long-term treasury bonds and crystal balls, a proposed portfolio, the ETF BTAL, rebalancing rules, volatility funds and cheaper alternatives to TLT.

Extra-added bonus link:  Optimal Rebalancing – Time Horizons Vs Tolerance Bands (kitces.com)

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In this episode we analyze the Direxion Auspice Broad Commodity Strategy ETF, ticker symbol COM, using David Stein's Ten Questions to Master Investing, which are:

1.  What is it?
2.  Is it an investment, a speculation, or a gamble?
3.  What is the upside?
4.  What is the downside?
5.  Who is on the other side of the trade?
6.  What is the investment vehicle?
7.  What does it take to be successful?
8.  Who is getting a cut?
9.  How does it impact your portfolio?
10.  Should you invest?

Additional Links:

COM Fact Sheet:  COM-Fact-Sheet.pdf (direxion.com)

COM Summary Prospectus:  Direxion Auspice Broad Commodity Strategy ETF (onlineprospectus.net)

COM Correlation Matrix:  Asset Correlations (portfoliovisualizer.com)

COM Comparison Backtests:  Backtest Portfolio Asset Allocation (portfoliovisualizer.com)

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In this episode we answer emails from JB, Brian E, Beat, Lauren, PD and Brad about a TSP conundrum, data for back-testing, the Dragon Portfolio, bowing to your sensei, maximizing withdrawals and using risk parity-style portfolios for intermediate goals.  Then we proceed with our weekly portfolio reviews of the sample portfolios you can find at Portfolios Page| Risk Parity Radio

Additional links:

Big Ern's Google Data Sheet:  EarlyRetirementNow SWR Toolbox v2.0 - save your own copy before editing! - Google Sheets

DFA Matrix Book (2016):  DFA-matrix_book_us_2016.pdf (millswealthadvisors.com)

Meb Faber podcast with Chris Cole:  Episode #317: Chris Cole, Artemis Capital Management, “You Want To Diversify Based On How Assets Perform In Different Market Regimes” | Meb Faber Research - Stock Market and Investing Blog

Portfolio Charts Retirement Spending Calculator:  RETIREMENT SPENDING – Portfolio Charts

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In this episode we address emails from Matt, Craig, Drew, Jeff, and Bill about Homestar Runner sound clips, ETF expense ratios, the psychology of decumulation, portfolio visualizer tools, and my limitations.  We also discuss a recent interview of Bill Bengen and the new portfolios page at ChooseFI.

Links:

Investopedia Article re ETF fees:  How Are ETF Fees Deducted? (investopedia.com)

FI Show Interview of Bill Bengen:  How the 4% Rule is Changing | Bill Bengen - The FI Show

ChooseFI M1 Portfolios Page:  M1 Pies: Manage and Optimize Your Portfolio Like a Pro (choosefi.com)

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In this episode, we answer emails from Erin, Eric, Matt, Davis, Brian, UK, Peter, and Gregory.  We discuss half-way-there portfolios and Canadian TV,  the Pinwheel Portfolio (briefly),  when it makes sense to have multiple portfolios, Millennial intermediate investment strategies, statistical formulas and cash drags, FNBGX, process issues with retirement portfolios, leveraged funds, gold, international equities, portfoliocharts and limit orders.  Yeah, Baby, Yeah!

And then we proceed to our weekly reviews of the six sample risk-parity style portfolios you can find at Portfolios | Risk Parity Radio

Additional links:

Erin's Canadian-Focused Asset Correlation Analysis:  Asset Correlations (portfoliovisualizer.com)

The Pinwheel Portfolio:  Pinwheel Portfolio – Portfolio Charts

Episode 94 with NTSX portfolios:  Podcast Episode 94 | Risk Parity Radio

Portfolio Visualizer FAQ/Methodologies:  Frequently Asked Questions (portfoliovisualizer.com)

Retirement Drawdown/Spending Calculator:  RETIREMENT SPENDING – Portfolio Charts

Hot off the Interwebs!  Me on the Superb Diamond Range Podcast:  ‎Superb Diamond Range: Frank Vasquez of Risk Parity Radio (The Financial Series) | #49 | Risk Parity Investing | podcast | superb diamond range on Apple Podcasts

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