Risk Parity Radio

In this episode we answer questions from Patrons Dominic and Jenny and Listeners #4593 and Phil about where to put your gold funds, making the transition to a risk-parity style portfolio,  gold vs. bitcoin and a Ben Felix stock portfolio.  Then we move to our weekly portfolio reviews of the sample portfolios you can find at The Risk Parity Radio Portfolios Page

Additional Links:

The Lindy Effect:  Lindy effect - Wikipedia

Gold/Bitcoin Correlation Analysis:  Asset Correlations (portfoliovisualizer.com)

Mandelbrot Set Video:  Eye of the Universe - Mandelbrot Fractal Zoom

Ben Felix Five Factor Investing Video:  Five Factor Investing with ETFs - YouTube

Ben Felix Five Factor Investing Paper:  Five Factor Investing with ETFs | PWL Capital

Rational Reminder Podcast with Paul Merriman:  RR #147 - Paul Merriman: We're Talking Millions - YouTube

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Please join Diania Merriam and me for a Q&A session on May 2 at noon EDT.  Here is the link to register:  Investing Demystified: Q&A with Frank Vasquez (webinarjam.com)

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In this episode, we answer emails from Brad, the Mysterious Visitor #6369, Robyn, Zach and Young about thanks, TIPs, TLT and leveraged bond funds.  Then we complete our analysis of the SPDR Long Term Corporate Bond Fund, SPLB, using David Stein's Ten Questions to Master Investing:

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?

Links:

SPLB Fact Sheet:  SPDR® Portfolio Long Term Corporate Bond ETF

Episode 70:  IVOL Analysis Part One | Risk Parity Radio

Episode 72:   IVOL Analysis Part Two | Risk Parity Radio

Correlation Analysis of TIP vs. short and intermediate treasuries:  TIP Correlations (portfoliovisualizer.com)

Episode 9:  PFF Analysis | Risk Parity Radio

SPLB Correlation Analysis:  SPLB Asset Correlations (portfoliovisualizer.com)

SPLB vs. PFF Backtest Comparison:  Backtest Portfolio Asset Allocation (portfoliovisualizer.com)

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In this episode we go through the basics about the taxation of ordinary brokerage accounts at an elementary level and answer questions from Brian and Jamie about taxation of intermediate savings and tax location approaching retirement.  Links:

Tax Schedules for Ordinary Income:  2021 Tax Brackets and Other Tax Changes (investopedia.com)

Long-Term Capital Gains Information and Tax Schedules:  Capital Gains Tax 101  (investopedia.com)

Bogleheads on Investing Episode 032:  Phil DeMuth, host Rick Ferri (podbean.com)

Using the Zero Percent LTCG's Rate In Retirement:  Never Pay Taxes Again - Go Curry Cracker!

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In this episode we answer a question from Melissa about a Merriman Four-Fund Combo Portfolio, a question from Tony about a whole lot of stuff and then move to our weekly portfolio reviews of the sample portfolios you can find at The Risk Parity Radio Portfolios Page

Additional Links:

Merriman Retirement Portfolio:  6 Steps to the Ultimate Retirement Portfolio | Paul Merriman

Analysis Tweaking The Merriman Portfolio:  Backtest Portfolio Analysis (portfoliovisualizer.com)

Long Term Treasuries/Stock Market Comparison:  Backtest LT Treasuries Portfolio Analysis (portfoliovisualizer.com)

Correlation Comparison of GNR and PDBC:  Correlations Comparison (portfoliovisualizer.com)

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In this episode, we answer a question from Mark about preparing for his impending retirement and begin our analysis of the SPDR Long Term Corporate Bond Fund, SPLB, using David Stein's Ten Questions to Master Investing:

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?

Links:  

Episode 68 And Links:   Risk Parity Radio Episode 68

Asset Correlation Analyzer:   Asset Correlations (portfoliovisualizer.com)

Episode 14 (Bonds Part One):  Risk Parity Radio Episode 14

Episode 16 (Bonds Part Two):  Risk Parity Radio Episode 16

SPLB Fact Sheet:  Fact Sheet:  SPDR® Portfolio Long Term Corporate Bond ETF

SPLB Summary Prospectus:  Summary Prospectus for SPLB

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In this action-packed bonus episode we answer listener questions from Javen, Tim, Julie, Don and Jacob about an experimental portfolio, valuation metrics and academic studies on risk parity, variations on the Risk Parity Ultimate sample portfolio, highly correlated meat products and total bond funds.  Relevant Links:

Javen S XVZ link:  How Does Barclays’ XVZ ETN Work? | Six Figure Investing

Javen S Portfolio Backtest:  Backtest Portfolio Asset Allocation

Berkeley Academic Paper:  risk parity111111.pdf (berkeley.edu)

Managing Multi-Asset Strategies Chapter 4:  Chapter-4-from-Managing-MultiAsset-Strategies-2018.pdf - Google Drive

The All-Weather Story:  All-Weather-Story.pdf

Risk Parity Ultimate Variants:  RPU Portfolio Backtest

The Mega REIT Correlation Matrix:  Asset Correlations

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We begin this episode by answering questions from Claudia, Jane and Richard, about bond tents, Roth IRAs for teenagers and long-term treasury bonds, then set up for a couple new episodes to be made in the future with Jason and Erik, and then moving to our weekly portfolio reviews of the sample portfolios you can find at The Risk Parity Radio Portfolios Page

Additional links:

Michael Kitces Bond Tent Article:  The Portfolio Size Effect And Optimal Equity Glidepaths

Early Retirement Now Data Sets:  EarlyRetirementNow SWR Toolbox v2.0

Early Retirement Now SWR Series #34:  Using Gold as a Hedge against Sequence Risk

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

Father McKenna Center:  Home - The Father McKenna Center

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We begin this episode with two emails from Maggie and Dominic and then move on to the second half of an analysis of the ETF IVOL, the Quadratic Interest Rate Volatility and Inflation Hedge ETF, as suggested by listener Boone B.  For the analysis, we use David Stein's Ten Questions to Master Investing:

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:

Portfolio Visualizer Analyzer By Asset Class (for Dominic):  Backtest Portfolio Asset Class

IVOL Information Page:  IVOL | IVOL (ivoletf.com)

IVOL Asset Correlation Analysis:  IVOL Correlations

Portfolio Analysis of All Seasons vs. All Seasons w/IVOL:  Backtest All Seasons Portfolios

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In this episode we take in emails from Anita, Ethan, Julie, Jeff and Ron and discuss structured products, small-cap value funds, using risk-parity portfolios for intermediate goals and experimenting with leveraged portfolios and bitcoin.  And THEN we have our weekly portfolio review  of the portfolios you can find at The Risk Parity Radio Portfolios Page

Additional links:

Correlation matrix of small-cap funds:  Small Cap Asset Correlations

Assorted Portfolios With And Without Leverage At Optimized Portfolios:  Optimized Portfolios Page 

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