Risk Parity Radio (Frank Vasquez)
Explorez tous les épisodes de Risk Parity Radio
| Date | Titre | Durée | |
|---|---|---|---|
| 03 Feb 2022 | Episode 148: UPRO Questions, Stand-Up Philosophizing, A UPAR Strategy And A Free New Tool! | 00:32:45 | |
In this episode we address emails from Rory (x2), Frank, Andy and Mark. We discuss UPRO issues, where to put gold, role models for retirement, Andy's experiments with UPAR and Mark's wonderful new tool and options strategies for reducing stock market risk. | |||
| 05 Feb 2022 | Episode 149: His Dudeness, Young Paduwan Portfolio, Insurance Companies and Tail Risk, Data Discussions and Portfolio Reviews As Of February 4, 2022 | 00:39:39 | |
In this episode we answer questions from Alexi, Vaughn, Yamini, Jamie (x2) and Adam. We discuss merger arbitrage as an asset class, the Macro-Allocation Principle applied to an accumulation portfolio, the benefits of investing in insurance companies, tail risk parity and the my favorite science paper and considerations about the lack of really old data. | |||
| 09 Feb 2022 | Episode 150: A REIT Extravaganza, His Dudeness (Again), The New Perfect Portfolio Book And Talking PFF | 00:25:01 | |
In this episode we answer questions from Steve, Alexi, Mycontactinfo and Brandon. We discuss choosing REITS better than you might with a REIT fund, "inflation winners and losers", the new "In Pursuit of the Perfect Portfolio" book, and the preferred shares fund PFF. | |||
| 13 Feb 2022 | Episode 151: Portfolio Mods, More TIP Thrashing, Dividends And Gran Torinos, And Our Portfolio Reviews As Of February 11, 2022 | 00:44:52 | |
In this episode we answer emails from Julie T, Justin, Jeffrey, Anderson and the mysterious Mycontactinfo. We discuss Golden Ratio modifications, TIPs vs. commodities and stocks for inflation YTD, asset roles in Risk Parity Portfolios, volatility funds, the good, bad and ugly of dividend investing, ideas for future episodes and Professor Lo's new book (again). | |||
| 16 Feb 2022 | Episode 152: An Analysis Of ProShares UltraPro S&P500 Fund (UPRO) | 00:23:05 | |
In this episode we give Mary a break and analyze the ProShares Ultrapro S&P500 ETF, ticker symbol UPRO, using David Stein's Ten Questions to Master Investing, which are: | |||
| 19 Feb 2022 | Episode 153: These Are The Days Of Investing Philosophies and Books, A Visit From Sweden, The Golden Ratio And Portfolio Reviews As Of February 18, 2022 | 00:37:09 | |
In this episode we attend to emails from Justin, Mycontactinfo, Ron, Bastian and Dustin. We discuss the UPRO stock split, Dan Pink's Drive and flow states, Laurence Kotlikoff books and the nature of reality and uncertainty, having a look at PICK and EWD, and more variations on the Golden Ratio portfolio. | |||
| 23 Feb 2022 | Episode 154: Leverage In Accumulation, Nice Dinners And Mary Releases The Bees | 00:20:49 | |
In this episode we address emails from Brandon, Scot, Junior, Tony and Chris. We address using leverage in accumulation portfolios, thanks to Scot, how QYLD resembles a 1987 Chrysler LeBaron, the UPRO stock split (again), and sources of gold data. | |||
| 26 Feb 2022 | Episode 155: Problems With Pros, Anti-Beta ETFs, Golden Ratio Considerations And Portfolio Reviews As Of February 25, 2022 | 00:30:43 | |
In this episode we address emails from Chris, Kevin from Canada, Davis, Amy and Mark. We discuss RPAR's performance issues, A Canadian Anti-Beta ETF and academic analysis of those strategies, using utilities in the Golden Ratio portfolio, frontier markets and international factor funds, decumulation mechanisms and the Golden Ratio sample portfolio, and DFA-like funds. | |||
| 02 Mar 2022 | Episode 156: International Funds And Value, The Accelerated Permanent Portfolio And More! | 00:27:10 | |
In this episode we address emails and messages from Nathan, Michael, MyContactInfo and Visitor 5225. We discuss correlations of international funds vs. small cap value funds, new international small cap value funds, the plusses and minuses of the Accelerated Permanent Portfolio, Aswath Damdaran and the follies of dividend investing, and my email address. Whoa! | |||
| 09 Mar 2022 | Episode 157: Ukraine Is Not Weak, Comparison Tools And Unwinding Annuities | 00:23:50 | |
In this episode we give a shout out to our listeners in Ukraine and answer emails from Darren, Jeffrey and Ron. We discuss World Central Kitchen, comparison tools for non-U.S. funds, the Portfolio Visualizer Financial Goals tool, shorter-term use of risk parity portfolios, the disgusting problem of unwinding poorly performing annuity products and some customized risk-parity style portfolios. | |||
| 12 Mar 2022 | Episode 158: Composer And Other Emails And Our Scary Portfolio Reviews As Of March 11, 2022 | 00:28:58 | |
In this episode we address emails from Julie T., Julie H. Jeff and Colin. We discuss the automated trading platform Composer, places to learn about crypto and NFTs, the growth factor in equities, the fund PRWCX, a modified Golden Butterfly portfolio, and using ABLE accounts for the "family match". | |||
| 17 Mar 2022 | Episode 159: Burn Baby Burn With A New Rant Re Financial Mis-wisdom And Bonus Emails | 00:44:16 | |
In this episode we begin with a rant about a Think Advisor article about what financial services is all about -- the PARTY CIRCUIT. And the we address emails from the Nameless One, Kyu, Brian and Eric. We discuss the original Permanent Portfolio and modifications to the Golden Butterfly portfolio, the tax feature of the Portfolio Visualizer Monte Carlo simulator, efficient allocations in taxable, tax-deferred and tax protected accounts, considerations surrounding expected returns of asset classes and the problems with cash drags in portfolio construction, and the BITW fund and alternatives. | |||
| 20 Mar 2022 | Episode 160: Blowing Up The Deathstar (Again!) And Our Weekly Portfolio Reviews As Of March 18, 2022 | 00:42:03 | |
In this episode we address emails from Thomas, Karen and Jeffrey. We discuss high-performing two-fund portfolios, Bill Bengen and Michael Kitces missiles into the Deathstar's crystal balls and exhaust ports, Karen's portfolio management, an updated and improved shortcut tool for analyses at Portfolio Visualizer and Portfolio Charts, and a query about investing in energy sector stocks. | |||
| 23 Mar 2022 | Episode 161: Gonna Fly Now With Risk Parity Chronicles And More Listener Emails | 00:24:12 | |
In this episode we announce the roll out of the Risk Parity Chronicles blog and website from our listener Justin. We also address emails from MyContactInfo, Spencer, Satoshi and Andre. We discuss an interview of Eugene Fama about the war in the Ukraine, the ETF SAA (ProShares 2x Small Cap), the inherent problems with analyzing gold in a portfolio pre-1971 and related issues, and how to value a property to be inherited. | |||
| 27 Mar 2022 | Episode 162: Approaching Brazilian TIPs, Treasuries, Insurance Companies, Sector Concentrations And Portfolio Reviews As Of March 25, 2022 | 00:32:05 | |
In this episode we answer emails from Luis from Brazil, Paul, Alexi (His Dude-ness), and MyContactInfo (a different one). We discuss how to analyze Brazilian TIPs and other role-based assets, the trials and tribulations of treasury bonds, the oddly extraordinary performance of property and casualty insurance companies in times like these, tax considerations in fund-picking and what concentrations in particular stock fund sectors do in risk-parity portfolios. | |||
| 31 Mar 2022 | Episode 163: Let's Put Karen In The Easy Chair And Do A Golden Ratio Case Study! | 00:37:48 | |
In this episode we read a novella from Karen about how she is constructing her Golden Ratio-style retirement portfolio. Then we review expense and budgeting considerations, asset locations in multiple accounts, drawing down on a portfolio with ten-year IRAs and the basic options for managing asset sales and distributions. And a bit on REITs to boot! | |||
| 02 Apr 2022 | Episode 164: Transitioning Basics, TIPS, Consumption Smoothing, Plato And Our Portfolio Reviews As Of April 1, 2022 | 00:35:17 | |
In this episode we answer emails from Michelle, Brian, Alan and MyContactInfo. We discuss transitioning from accumulation to decumulation, why TIPS suck (again), consumption smoothing in financial planning and the Allegory of the Cave applied to financial services and media. | |||
| 06 Apr 2022 | Episode 165: Treasury Bonds And Tax Loss Harvesting, Infinite Banking At Interactive Brokers And Staying On Message | 00:32:57 | |
In this episode we answer emails from Mike, John, Jeff, Wang, and Ray. We discuss recent performance of long-term treasury bonds and tax loss harvesting them, ValueStockGeek's Weird Portfolio (see episodes 113 and 126), borrowing against your portfolio at Interactive Brokers, how to understand criticism and not get caught up in spurious arguments and insults, and staying focused on we are actually trying to do here with advice from Bruce Lee and Ralph Waldo Emerson. | |||
| 10 Apr 2022 | Episode 166: Tax Loss Harvesting Funds, Withdrawal Mechanics, Tools And Portfolio Reviews As Of April 8, 2022 | 00:27:24 | |
In this episode we answer emails from Mitchell, Alexi (Dude!), Brian and Daniel. We discuss how to identify similar funds for tax loss harvesting, concentrations and "bad decades", leveraged ETFs in accumulation, using risk-parity portfolios for intermediate accumulations, and withdrawing in retirement from a Golden Butterfly portfolio. | |||
| 13 Apr 2022 | Episode 167: Portfolio Analysis, New Composite Funds And Pappy O'Daniel's Conflicted Flour Hour | 00:30:16 | |
In this episode we answer emails from Paul, MyContactInfo, Alex and Marvin. We discuss Paul's sample portfolio construction, inherent conflicts of interest in financial media and the financial services industry, new Wisdom Tree Funds GDE and GDMN and more conflicts of interest from popular personal finance personalities involving day care centers and milk shake drinkers. | |||
| 20 Apr 2022 | Episode 168: Celebrating With Risk Parity Chronicles, More Cowbell, Dividend Handling, Two-Fund Portfolios And THE DUDE | 00:30:37 | |
In this episode we answer questions from Doron, George, Eddie J. and Alexi (a/k/a "Duder"). We discuss the Macro-Allocation Principle and when to diversify your stock portfolio, what to do with dividends, experimenting with leveraged two-fund portfolios and options for investing in volatility and managed futures/trend following with the Dude. | |||
| 24 Apr 2022 | Episode 169: Financial Services Industry Musings, Taxes, Budgeting And Our Portfolio Reviews As Of April 22, 2022 | 00:34:34 | |
In this episode we answer emails from MyContactInfo (x2), Chris and Karen. We discuss annuities and conflicts in the financial services industry and why efficient solutions are disfavored, tax considerations for accumulation risk parity portfolios and the joys of budgeting. | |||
| 27 Apr 2022 | Episode 170: Lazy Hosts, All About Commodities Funds And Other Musings | 00:31:22 | |
In this episode we celebrate George's generosity and answer emails from Jeff, Kyle, Richard, Jamie and MyContactInfo. We discuss ulcer indexes and where to find them, leveraged ETFs and rebalancing, tag GDE again, have a lengthy frolic and detour into commodities funds and how they work, and rant a little more about the financial services industry. | |||
| 30 Apr 2022 | Episode 171: Email Assortment And Our Weekly Portfolio Reviews In A Time Of Cholera | 00:28:08 | |
In this episode we answer emails from Chas, Javen and Pankaj. We discuss using Berkshire Hathaway in a risk parity-style portfolio, Direxion mutual funds, taxable account considerations (again) and international stock funds (again). | |||
| 04 May 2022 | Episode 172: The Joys Of Factor Investing, Valuation Notions And More Leveraged ETFs | 00:23:55 | |
In this episode we answer emails from Andy, MyContactInfo and James The Flatterer. We discuss factor investing in detail, why it is better than prior approaches and how to use it, why using valuation methods is beyond the skills of most amateurs and financial advisors and more fun with Wisdom Tree Funds. | |||
| 07 May 2022 | Episode 173: REITs, Struggling Bond Funds, More Cowbell And Portfolio Reviews As Of May 6, 2022 | 00:34:34 | |
In this episode we answer emails from Jamie, Jean-Luc and Geordi. We discuss a paper about REITs as a separate asset class, what to do about struggling bond funds, the value of small-cap value and choosing a retirement portfolio in line with Bill Bengen's recommendations. | |||
| 14 May 2022 | Episode 174: The Meta-Considerations of Country Risk, RPR "Club", And Portfolio Reviews As Of May 13, 2022 | 00:39:06 | |
In this episode we answer emails from Soo-New, Monika, Jeff and Jack. We discuss building out a risk parity portfolio in multiple accounts, the perils of membership in the Risk Parity Radio Club, the latest fads and gimmicks in Direct Indexing, how to consider and compare investing in different countries with Country Risk Factors and the intellectual perils of the Possibility Effect. | |||
| 25 May 2022 | Episode 175: Global Monetary Systems, The Dude And Other Emails | 00:20:37 | |
In this episode we answer emails from MyContactInfo, the Nameless One, Jeff, Alexi (a/k/a Dude), and another Jeff. We talk about leveraged ETFs (briefly), thoughts about changes in the Global Monetary System, another portfolio site, ETFs KBWR and KBWP and efficient accumulation. | |||
| 29 May 2022 | Episode 176: How Bond Correlations Work, When To Buy, A Simple Path And Portfolio Reviews As Of May 27, 2022 | 00:48:59 | |
In this episode we answer emails from Steve, Judy and Geordi. We discuss the data surrounding stock/treasury bond correlations back to 1952, when and why you might want to hold bonds and a process for figuring that out and my takes on The Simple Path To Wealth. With detours into prison jumpsuits, SpongeBob and Ray Liotta. | |||
| 01 Jun 2022 | Episode 177: Passive Index Funds, Foolish Consistencies, ZROZ And A Couple Marketing Fads | 00:30:08 | |
In this episode we answer emails from Andrew, Visitor #4691, Nate, and MyContactInfo. We discuss the new-age-old question about passive indexing and market efficiency, the intersection between the ideas of Max Planck and Ralph Waldo Emerson and how it applies to the development of ideas in portfolio construction, using ZROZ to tax-loss harvest TLT and observations about the promotion by the financial services industry of direct indexing and tax loss harvesting services. | |||
| 05 Jun 2022 | Episode 178: AQR Articles, Wild West Gambling Problems, Japan And Portfolio Reviews As Of June 3, 2022 | 00:35:43 | |
In this episode we answer emails from George, Grant, Visitor #4090, Justin and Lili. We discuss the long-time usage and popularity of risk parity concepts by professional investors, a levered Golden Butterfly portfolio, the website chat function, Japan, crypto (a little) and consulting services. And my general laziness. | |||
| 08 Jun 2022 | Episode 179: Better Call Bridget, Why Rice Plays Texas And Other Weird Wild Stuff | 00:26:34 | |
In this episode we answer emails from Karen, Ron, Brian and Paul. We discuss shameless plugs for my family and friends and other considerations in selecting a financial advisor/manager, the full cycle of investing and Paul's value- and Iowa-focused portfolio. | |||
| 11 Jun 2022 | Episode 180: Uncle Frank's Book Corner And Portfolio Reviews As Of June 10, 2022 | 00:36:00 | |
In this episode we answer emails from Kirk, MyContactInfo and Holly. We revisit QREARX, Episode 179 and Correlation Metrics, and then we entertain Holly's requests for book recommendations. And I forgot to recommend "Money For The Rest Of Us" by J. David Stein in that segment. | |||
| 15 Jun 2022 | Episode 181: Fun With Rebalancing Schemes And More Financial Services Industry Malfeasance | 00:28:15 | |
In this episode we answer emails from Brian, Grant and MyContactInfo. We discuss rebalancing mechanisms and rules for various kinds of portfolios and the big discount brokers. | |||
| 19 Jun 2022 | Episode 182: A Portfolio Management Extravaganza And Portfolio Reviews As Of June 17, 2022 | 00:38:50 | |
In this episode we answer emails from Julie T, Geordi and Justin. We discuss mechanisms for withdrawals from retirement portfolios, transitioning portfolios as you get close to retirement and the whys and hows of adding new investments to a portfolio. | |||
| 23 Jun 2022 | Episode 183: The Cost Matters Hypothesis, I-bonds, Emerson And Swiss Pop Music | 00:32:29 | |
In this episode we answer emails from MyContactInfo, Jeff, Liah and Andrin. We discuss asset pricing models, the history of economics and Bogle's Cost Matter Hypothesis, Emerson and Foolish Consistencies and the FTSE All World GDP Weighted Index. | |||
| 26 Jun 2022 | Episode 184: Lazy Authors, Simple Annuities, And Portfolio Reviews As Of June 24, 2022 | 00:32:25 | |
In this episode we answer emails from MyContactInfo, Nancy and Anderson. We discuss why I'm not writing a book any time soon, the performance stats on the Portfolios Page, when I might consider a simple annuity and why I don't like financial personality profiling, and the difficulties of adding leverage in portfolio downturns. | |||
| 30 Jun 2022 | Episode 185: Interactive Brokers, Private Equity, Asset Gardening, Stagflation And Grumpy Old Men | 00:33:29 | |
In this episode we answer emails from Eric, Colin and Chris. We discuss the pros and cons of Interactive Brokers, the generally useless nature of private equity, David Stein's Asset Gardening approach, and stagflation. And that's the way it was and we liked it! | |||
| 02 Jul 2022 | Episode 186: Fortune Favors The Brave, Rose Gardens, Treasury Bonds And Portfolio Reviews As Of July 1, 2022 | 00:33:05 | |
In this episode we answer questions from Matsui, FuriousRiskParityInvestor and Paul. We discuss why we have chosen excessively aggressive withdrawal rates for the sample portfolios, revisit treasury bond correlation issues and why smaller allocations to long-term treasuries make more sense than larger allocations to intermediate treasury bonds in most risk parity style portfolios. | |||
| 06 Jul 2022 | Episode 187: Biased Business Models, A TSP Rollover And A Crystal Ball, Managed Futures And A Gambling Problem | 00:25:42 | |
In this episode we answer emails from MyContactInfo, Brett and Jamie. We discussed inherent biases, rolling over a TSP portfolio and reallocating it at Fidelity with or without a crystal ball, have a lengthy talk about allocations to managed futures and the difficulties in analyzing them, and SCO, a short oil futures ETF. | |||
| 09 Jul 2022 | Episode 188: All Small, All Value, All The Time And Our Boring Portfolio Reviews As Of July 8, 2022 | 00:23:57 | |
In this episode we answer emails from Paul, Soo-New and Geordi. We discuss using the AVUV fund for your small cap value allocation, the timing of withdrawals to reduce stress and crystal balls, and small cap value vs. small cap blend funds. And we reference an article at Portfolio Charts reviewing common portfolios' performances in the first half of 2022. | |||
| 13 Jul 2022 | Episode 189: Existential Questions About Economy Worship, Ray Dalio and China, And Risk Parity Chronicles | 00:22:14 | |
In this episode we answer emails from MyContactInfo, Rob and Justin. We discuss a paper about GDP and the problems with using it to predict stock market returns, why China may never overtake the U.S. and ascend to reserve currency status and a most excellent rebalancing resource you can find at the Risk Parity Chronicles website and blog. | |||
| 16 Jul 2022 | Episode 190: Portfolio Construction 101, Golden Ratio, I-Bonds, And Portfolio Reviews As Of July 15, 2022 | 00:37:15 | |
In this episode we answer emails from Jody, Neil and The Nameless One. We discuss the basic ideas of portfolio constructions and the tools for doing it, the Golden Ratio portfolio and gold itself, and more I-bond suggestions and links. | |||
| 20 Jul 2022 | Episode 191: Teaching Fishing, Anomalous Data, Vanguard Frustrations And Investing For A Six-Year Old | 00:24:42 | |
In this episode we answer emails from Anderson, Aaron, Anna and Travis. We discuss how to use Portfolio Visualizer to compare portfolios on a particular time-frame using samples and a 60/40, where to address any data issues to Portfolio Charts and Portfolio Visualizer, and the current frustrations many are having with using Vanguard. And then we consult a crystal ball to help a six-year old child. | |||
| 24 Jul 2022 | Episode 192: Our Annual Rebalancing Episode And Portfolio Reviews As Of July 22, 2022 | 00:42:49 | |
In this annual feature we discuss how we rebalanced four of the sample portfolios you can find at Portfolios | Risk Parity Radio and have frolics and detours into discussions of bucket strategies, crypto-funds and the details of the Risk Parity Ultimate sample portfolio. We also highlight a new video tutorial from Justin at Risk Parity Chronicles about the Risk/Return tool at Portfolio Charts and do our weekly portfolio reviews of all seven sample portfolios. | |||
| 28 Jul 2022 | Episode 193: Musings About Private Equity, The Paradox Of Skill, Volatility-Targeting Strategy, Yield Curve Inversions And Dolly Parton | 00:21:59 | |
In this episode we answer emails from MyContactInfo (x2), Chris, and Andrew. We discuss "The Myth of Private Equity" by Jeff Hooke, the paradox of skill and how it is applied in garden-based portfolio construction, volatility targeting as a decision making mechanism for investing and my gout, my podcast musical selections and the security of the Golden Ratio portfolio. And we throw in a yield curve inversion video. We do it all here. | |||
| 31 Jul 2022 | Episode 194: Dunn Capital, The "Cockroach Portfolio" And Weekly/Monthly Portfolio Reviews As Of July 29, 2022 | 00:28:32 | |
In this episode we answer emails from Visitor #1109, Keith and Brad. We discuss Dunn Capital and Managed Futures funds, our podcast charity -- the Father McKenna Center --, and Mutiny Fund's "Cockroach Portfolio". | |||
| 04 Aug 2022 | Episode 195: Comparing Cars And Brokerages, Analyzing Concentrated Funds, And More Cowbell! | 00:30:34 | |
In this episode we answer emails from MyContactInfo (x2), William and Peter. We discuss how brokerages and cars are alike, a correlation episode reference, analyzing a portfolio with Fidelity Select Funds in it (and other things) and transitions from VTSAX to some small cap cowbell and then to a Golden Ratio portfolio for retirement. | |||
| 06 Aug 2022 | Episode 196: Extended Duration Bonds, Books About Life Transitions, China And Portfolio Reviews As Of August 5, 2022 | 00:26:00 | |
In this episode we answer emails from Davis, Justus and Value Stock Geek. We discuss how to use extended duration bond funds like EDV, ZROZ and GOVZ, reprise our discussion about life transitions from Episode 71 and veer off into Peter Zeihan and China's demographics. | |||
| 10 Aug 2022 | Episode 197: MBS, Defense Stock and Short Term Bond Funds, And Ragging On Financial TV | 00:31:41 | |
In this episode we answer emails from Howard, Paxton, Neil and Soo New. We discuss why financial TV is bad for your financial mind and health, the RISR ETF that invests in interest components of mortgage-backed securities, defense stock ETFs, the JPST ETF and what Soo New might do with her employer pension fund. It's Weird, Wild Stuff! | |||
| 13 Aug 2022 | Episode 198: The Possibility Effect, Accumulation Portfolios, Tax Loss Harvesting And Portfolio Reviews As Of August 12, 2022 | 00:31:35 | |
In this episode we answer emails from Karen, Adam and Pankaj. We revisit China and reserve currencies, discuss cognitive biases, talk about accumulation portfolios, bonds and the Macro Allocation Principle, and about tax loss harvesting bond and gold ETFs. | |||
| 18 Aug 2022 | Episode 199: Dude! Ned! Managed Futures and Leverage! | 00:24:56 | |
In this episodes we answer emails from Alexi (Dude!), Brian, NED(!) and William. We discuss DBMF and managed futures funds, a 80/10/10 transition portfolio, leverage in accumulation portfolios and adjusting all-stock index fund portfolios. | |||
| 21 Aug 2022 | Episode 200: Putting The Opus In Your Magnum With A Milestone And Portfolio Reviews As Of August 19, 2022 | 00:40:32 | |
In this episode we answer emails from Justus (x2), Anderson and Blake. We discuss life transitions, what I've learned over an evolving DIY investing career, and Blake's Pathway of FI. | |||
| 25 Aug 2022 | Episode 201: The Limits On Risk/Reward Ratios, What To Tell Your Kids And Avoiding Trading Pitfalls | 00:32:22 | |
In this episode we answer emails from Micah, Steve and Keith. We discuss the limit on the usefulness of Sharpe and Sortino ratios, helping out Steve's daughters with building and managing a portfolio for medium-length goals and what else Uncle Frank says to guide his adult kids with ant brains and grasshopper brains and comparing actual performances with Portfolio Visualizer models. | |||
| 01 Sep 2022 | Episode 202: Buy, Borrow, Die And Why You Should Listen To Me (i.e., Nonsensical Ravings) | 00:34:05 | |
In this episode we answer questions from Andy and Todd. We discuss the Buy, Borrow, Die Strategy and everything you wanted to know about the Host (or maybe not) and his approach. | |||
| 04 Sep 2022 | Episode 203: Stop Using Blackberries, REITs, Data Sources And Portfolio Reviews As Of September 2, 2022 | 00:32:49 | |
In this episode we answer emails from Gen, Greg and Nathan. We discuss how to find funds using a fund screener and why you should not be using the investment account equivalents of blackberries and flip-phones any more, individual REIT selections, and value and growth data sources. I forgot to mention that the other individual REIT we hold is WY, which invests in timber (and thereby missed another opportunity to play the lumberjack song.) | |||
| 07 Sep 2022 | Episode 204: What Should I Do If I Am Dying And Want To Try Short-Term Trading? | 00:28:09 | |
In this episode I answer a question from Charles, who has a terminal illness. We go off topic and discuss books about dying, examples of people who did it well, and resources for short-term trading. | |||
| 10 Sep 2022 | Episode 205: Bonds On The Run, More Cowbell And Portfolio Reviews As Of September 9, 2022 | 00:26:56 | |
In this episode we answer emails from Connor, Paul and Paul Z. We discuss a new single bond ETF, Paul's risk parity style portfolio and AVUV vs. VIOV. And THEN we our go through our weekly and monthly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio. | |||
| 14 Sep 2022 | Program Note (September 14) | 00:00:43 | |
Aaaand we're gone! Poof! | |||
| 21 Sep 2022 | Episode 206: Mauboussin, Cowbell and Bogle, Oh My! | 00:34:47 | |
In this episode we answer questions from MyContactInfo, Wesley and Adam. In a tour de force presentation, we discuss Michael Mauboussin's book, "The Success Equation: Untangling Skill and Luck in Business, Sports and Investing", the implications of an all small-cap value portfolio and applying the ideas of Bruce Lee and Emerson to Jack Bogle's "Common Sense Investing". And we also take a frolic and detour into the Twilight Zone. | |||
| 24 Sep 2022 | Episode 207: Freak Out With Math, Intermediate Term Portfolios, Annuities And Portfolio Reviews As Of September 23, 2022 | 00:30:13 | |
In this episode we answer emails from Arun, Jeffrey and Chris. We discuss using simple back-of-the-envelope estimation methods to solve for complex portfolio projections, using a risk parity style portfolio for intermediate accumulations, and re-cap annuity considerations from Episode 184.
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| 28 Sep 2022 | Episode 208: Advice For New Investors -- We're Off To See The Wizard! | 00:49:18 | |
In this episode we discuss an email from and conversation with Paul Merriman. We follow up on his suggestion/request that we create an episode for beginning investors to help them get going in a simple way that can work. And then we embark on a very special trip. Very. Special. | |||
| 01 Oct 2022 | Episode 209: Popular SWR Delusions And The Madness Of Gurus And Portfolio Reviews As Of September 30, 2022 | 01:06:21 | |
In this episode we answer a lengthy email from Kevin about issues with popular estimates of Safe Withdrawal Rates. We then discuss the problems with and failings of some of these estimates and their underlying analysis, including why Best Practices beat Convenient Shibboleths, failures to analyze non-simplistic portfolios, misuse of the "reversion to the mean" concept, improper use of conservative assumptions and modelling software, improper use of the 30-year time frame, and the failure to incorporate well-accepted favorable assumptions. We also discuss appeals to popularity and conflicts of interest, including safety in numbers, the use of double standards, the popularity of pessimism, and the desire to please sponsors, sell products and maintain past consistency, whether foolish or warranted. And THEN we our go through our weekly and monthly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio. Additional links: SWR Series #34: Using Gold as a Hedge against Sequence Risk – SWR Series Part 34 – Early Retirement Now Next Level Life Video re Gold: Why Are Gold Portfolios So Dependable? - YouTube RAM Interview of Wade Pfau: ReSolve Riffs with Wade Pfau on Optimal Retirement Strategies - YouTube Morningstar 2011 (Lousy) Predictions Article: Your Forecasts for Stock and Bond Returns (2011)| Morningstar Portfolio Charts SWR/PWR Calculator: WITHDRAWAL RATES – Portfolio Charts Kitces Article Re Consequences of Retirement Spending Smile: How Total Spending Declines Over Time In Retirement (kitces.com) RAM Interview of Antti Ilmanen: Antti Ilmanen on his new book "Investing Amid Low Expected Returns" - YouTube Immediate Annuities Website: Immediate Annuities - Income Annuity Quote Calculator - ImmediateAnnuities.com | |||
| 05 Oct 2022 | Episode 210: More SWRs, REITs, Factor Investing And Cruising To Winning the Game | 00:29:04 | |
In this episode we follow up on Episode 209 with some recent (as in this week) Wade Pfau references that confirm what we said about overly pessimistic SWR assumptions. And then we answer emails from Justin, Drew, Jim and Chris. We discuss REITs and the Risk Parity Chronicles series about them, good sources for information about factor or "smart beta" investing, and questions about transitioning from accumulation to decumulation when you are close to "winning the game." | |||
| 09 Oct 2022 | Episode 211: Leverage, Real Estate, Projections And Portfolio Reviews As Of October 7, 2022 | 00:53:29 | |
In this episode we answer emails from Boone, MyContactInfo and Alex. We discuss issues with leverage, real estate invesments, spreadsheet projections and guessing about the future. Listen for the BLOOPER! | |||
| 13 Oct 2022 | Episode 212: Revocable Trusts, Portfolio Management And Small Cap Funds | 00:30:57 | |
In this episode we answer emails from Sue, Vern and Rene. We discuss revocable trusts, where and where not to get them and why or why not you might want one, the mechanics of rebalancing and drawing down on a portfolio with multiple accounts, and the differences between various small cap funds like IJR, IJS, IJT and VIOV. | |||
| 15 Oct 2022 | Episode 213: The Coldness Of WARM, More Annuities, Fractional Shares And Portfolio Reviews As Of October 14, 2022 | 00:29:29 | |
In this episode we answer questions from Jeremy, Richard and Gen. We discuss the moribund WARM portfolio strategy, more issues about annuities and where to learn more about them, and fractional share trading of ETFs. | |||
| 19 Oct 2022 | Episode 214: Tilting At Dragons, Common Mistakes And Getting Back To Theoretical Risk Parity | 00:38:55 | |
In this episode we answer emails from Harvey (a large rodent), MyContactInfo and Mark. We discuss the Dragon Portfolio and managed futures funds like DBMF, reprise Episode 202, some common mistakes of amateur investors, reverse mortgages (briefly), and how we have incorporated and modified classic and theoretical risk parity principles. | |||
| 02 Nov 2022 | Episode 215: Heavy Metal, ESG, Growth & Value Funds And The Infernal JEPI | 00:32:00 | |
In this episode we return from vacation ready to rumble and answer emails from Peter, David, MyContactInfo (x2) and Mark. We appreciate our listeners and then annoy them (I've got an angle), talk about ESG investing and why you want to have both growth and value funds and talk about buy-write funds in general and JEPI in particular. | |||
| 05 Nov 2022 | Episode 216: Tools & Talent, Fractional Shares, More Managed Futures And Portfolio Reviews As Of November 4, 2022 | 00:28:10 | |
In this episode we answer emails from Blake, Gen and MyContactInfo. We discuss Blake's good work with analysis tools, fractional shares of ETFs and more on managed futures and DBMF. | |||
| 09 Nov 2022 | Episode 217: Tax Loss Harvesting, Golden Ratio Mania, The Asset Swapping Technique, Portfolio Finding And Todd | 00:35:33 | |
In this episode we answer questions from Brad, Craig, AnnieMous, and Jack. We discuss new information from Portfolio Charts about tax-loss harvesting bond funds like TLT (and other funds), portfolio construction with the Golden Ratio, the recent popularity of managed futures with the info-sales and marketing crowd, portfolio management with asset swapping between taxable and tax-protected accounts, and REITs in the Portfolio Charts Portfolio Finder. | |||
| 20 Nov 2022 | Episode 218: Risk Parity Accumulations, Hedgehogs and Foxes, The Pleasuredome And Our Portfolio Reviews As Of November 18, 2022 | 00:37:16 | |
In this episode we answer emails from Ethan, Eric, MyContactInfo and Jon. We discuss using the Golden Ratio portfolio for intermediate accumulations, Hedgehogs and Foxes in economic forecasting, total bond funds, momentum factor investing and Frankie Goes To Hollywood. | |||
| 23 Nov 2022 | Episode 219: The Ins And Outs Of Buffered Funds, Gold and Bond Ladders | 00:34:30 | |
In this episode we answer emails from Uday, Rick, Anderson and Jacques. We discuss Giving Tuesday and the Father McKenna Center, new tutorials at Risk Parity Chronicles about asset swaps and wash sales, buffered ETFs and scandalous structured products, why we still love gold (a little), getting exposure to small cap value -- yada, yada, yada -- and bond ladders vs. bond funds. | |||
| 27 Nov 2022 | Episode 220: The Follies And Foibles Of Managed Funds And Portfolio Reviews As Of November 25, 2022 | 00:33:12 | |
In this episode we answer emails from Nick, Mr. Harris and Howard. We discuss the hoary details of the tax reporting of GLDM, following your rebalancing rules and why relying on the past performance of managed mutual funds probably is not a good idea. | |||
| 30 Nov 2022 | Episode 221: All Roads Lead To More Cowbell -- Shplendid! | 00:27:28 | |
In this episode we answer emails from Gregory, MyContactInfo, Ralphio and Spencer. We discuss the overriding currency speculation aspect of investing in non-U.S. funds, keeping things simple during accumulation, leveraged funds, some academic analyses of managed funds and what to make of it, how to identify the basic factors of given funds and the Shplendid aspects of MORE COWBELL. | |||
| 04 Dec 2022 | Episode 222: Holy Volatility Allocations, Charitable Event Promotion And Portfolio Reviews As Of December 2, 2022 | 00:29:10 | |
In this episode we answer emails from Jamie, Chris and The Dude (Alexi). We give do some listener appreciation and talk about The Dude's proposed volatility-related allocation. | |||
| 07 Dec 2022 | Episode 223: A Celebrity Deathmatch About CAPE Ratios And Related Topics | 00:35:07 | |
In this episode we answer an email from Daniel, who asks a follow-up question to episode 209 about CAPE ratios and Big ERN's blog. We then recount a Zoom chat and email exchanges between the host and Karsten Jeske about that topic and related ones and an analysis of a sample risk-parity style portfolio using the Early Retirement Now SWR Toolbox. It's similar to "Celebrity Deathmatch" in entertainment value. | |||
| 11 Dec 2022 | Episode 224: Correlation and Monetary Musings, The Physical Metals Racket and Portfolio Reviews As Of December 9, 2022 | 00:42:22 | |
In this episode we answer emails from Brian, Alexi (the Dude!) and Geordi. We discuss how central bank activities may affect asset correlations, applying the history of money to today's crypto currency-related issues, investing in volatility, another podcast about DBMF, and the follies and foibles of the physical precious metals racket and the participants therein, especially the newsletter and book-touting Hedgehogs. | |||
| 14 Dec 2022 | Episode 225: Rebalancing Basics, Cowbell in the U.K. And Poking At The New Deathstar | 00:27:01 | |
In this episode we answer emails from Charlie, Jimi and Freya. We provide explanations of the concepts of rebalancing and reallocation, talk about a listener's favorite sound clip and about creating a simple starter portfolio for a very small U.K. investor. And we take a poke at the new Morningstar report on retirement forecasting and projected safe withdrawal rates, and the vast changes they made from last year. | |||
| 18 Dec 2022 | Episode 226: Tilting At The Dude's Dragons, Market/Limit Orders, DIY Investing Since 2011 And Portfolio Reviews As Of December 16, 2022 | 00:27:25 | |
In this episode we answer emails from Alexi (a/k/a "the Dude"), Matt and Daniel. We talk about Alexi's Dragon-style portfolio experiments (and provide links), market orders vs. limit orders and miscellaneous trading advice, and the evolution of DIY investing with ETFs and other funds since 2011. | |||
| 22 Dec 2022 | Episode 227: Traditional vs. Roth, Fundamental Risk Parity Principles and Correlations, and Talkin' About that Cowbell! | 00:31:47 | |
In this episode we answer emails from Bradley, Chris and Andreas. We discuss traditional versus Roth considerations in retirement accounts, REITs, some risk parity fundamentals about the interplay between asset classes and macroeconomic environments and how that relates to correlations, a recent risk parity backtest to 1926 and the real reasons to use small cap value allocations. I'm telling you, fellas, you're gonna want that Cowbell! | |||
| 25 Dec 2022 | Episode 228: Talladega Nights Christmas Dinner, Composite Fund Considerations, Intermediate Treasury Bonds, And Portfolio Reviews As Of December 23, 2022 | 00:29:33 | |
In this episode we answer emails from Drew, Sad Fientist and Popeye. We discuss managed futures and the fund BLNDX, intermediate treasury bonds and general bond considerations and record keeping for the sample portfolios. And throw in some Talladega Nights gold fleece diaper-dom along the way. | |||
| 29 Dec 2022 | Episode 229: Family Frolics, The Infernal JEPI And Legacy Investing | 00:18:10 | |
In this episode we answer emails from MyContactInfo, Mark and Eric. We discuss rowing machines, the infernal JEPI and other heavily marketed financial products, and what to do as a DIY investor for legacy investing. Happy Holidays! | |||
| 01 Jan 2023 | Episode 230: Annual Portfolio Reviews For The Most Hideous Year Of 2022 | 00:36:54 | |
In this episode we do an annual review of the seven sample portfolios you can find at Portfolios | Risk Parity Radio. We compare them with standard funds including VBIAX (60/40), VWENX, VWIAX, risk parity funds including RPAR and UPAR, and ultra-diversified funds including AQRIX and QDSIX. And we conclude with some take-away thoughts from this disaster of a year as predicted by Quasimodo. | |||
| 05 Jan 2023 | Episode 231: Value, Growth And Momentum Factors And What To Do About The Children | 00:30:26 | |
In this episode we answer emails from MyContactInfo, Cy, Alexi (Dude!) and Chris. We discuss value vs. growth factors, assisting children with investing and inheritances, momentum factor investing and the fund QMOM, and the best audience available. | |||
| 08 Jan 2023 | Episode 232: Bond Fund Considerations, Transitions To Retirement, A New Tool And Portfolio Reviews As Of January 6, 2023 | 00:28:11 | |
In this episode we answer emails from Trey, Nita, Christy and Keith. We discuss considerations in bond fund selections (see also Episodes 14 and 16) and the specific fund IEI, timing for transitioning to your retirement portfolio, classifying the Sample Portfolios by intended purposes, and a new tool for analyzing portfolios with managed futures. | |||
| 12 Jan 2023 | Episode 233: It's Gold Jerry! And Other Excessive Hijinks . . . | 00:22:46 | |
In this episode we answer a trio of emails from MyContactInfo and a piece de resistance from Eric. We discuss why complicated financial products are bad for you, Peter Bernstein's books and what Paul Volcker had to say about gold, and spurious histories of money. And we celebrate our inanity and insanity with Eric. | |||
| 15 Jan 2023 | Episode 234: Rollin' With Momentum, Mid-Caps, BDCs And Portfolio Reviews As Of January 13, 2022 | 00:28:26 | |
In this episode we answer emails from Alexi (Dude!), Yangon and Brett. We discuss the momentum factor (again), mid-cap funds and other fund characteristics that are lacking in meaning for the purposes of diversification, financial advisor certifications and investing in BDCs (Business Development Companies). | |||
| 19 Jan 2023 | Episode 235: Our Listeners Have All Kinds of Gambling Problems | 00:22:42 | |
In this episode we answer emails from Arun, Blake and MyContactInfo. We discuss helping a spouse getting started with investing, what to do with an options strategy portfolio, why index funds still rule over managed funds, good and bad processes for picking funds and various gambling problems. | |||
| 22 Jan 2023 | Episode 236: All About Assets In Inflationary Environments (And Other Tales) And Portfolio Reviews As Of January 20, 2023 | 00:35:12 | |
In this episode we answer emails from Alexi (Dude!) and Spencer. We discuss a recent Bloomberg presentation about what asset classes perform best and worst in inflationary environment, how that informs portfolio construction and why we don't bother with meaningless fund characteristics like mid-caps and dividend-payers for portfolio construction. | |||
| 25 Jan 2023 | Episode 237: Dropping A Bomb On You With A Ten-Question Analysis Of Inflation-Hedger RRH | 00:26:06 | |
In this episode we take the Dude's suggestion and do a detailed analysis of the Advocate Rising Rate Hedge ETF, ticker symbol RRH. | |||
| 29 Jan 2023 | Episode 238: CAPE Crusading, NEWMAN! And Portfolio Reviews As Of January 27, 2023 | 00:36:31 | |
In this episode we answer emails from Justin and Arun. We discuss the last decade of history of the failed use of CAPE ratios as a crystal ball and the general problems with those approaches, and the inherent limitations and problems with using the personal finance recommendations of theoretical economists. | |||
| 02 Feb 2023 | Episode 239: A Potpourri Of Esoteric Eccentricities On Groundhog Day! | 00:30:59 | |
In this episode we answer emails from Gareth, Mark and Alex. We talk about the meta-differences in investing in various countries, utilities, long dollar funds like UUP, specialized commodities mutual funds like LCSIX and a couple new leveraged funds with mixed asset classes. | |||
| 05 Feb 2023 | Episode 240: Dirty Harry Kicks Over A Dignity Bucket And Portfolio Reviews As Of February 3, 2023 | 00:45:43 | |
In this episode we answer emails from Kyle, Esek and Erin. We discuss 529 plans, what is "enough" in terms of this podcast, and THEN the meta approaches to retirement planning and the importance of distinguishing portfolio construction and allocation strategies from portfolio management techniques, including a tour on the Good Ship Lollipop with the Outlaw Josey Wales. Errata: I said "Bernstein assumptions" when I meant "Bengen assumptions." | |||
| 09 Feb 2023 | Episode 241: Entertaining The Masses With Asset Selection Tricks And Techniques | 00:45:51 | |
In this episode we answer two looooong emails from Mark and Andreas. We discuss Mark's quandaries with a 457 plan and Andreas's Risk Parity fever brought on by topics that include how to choose ETFs for each asset class, leverage in bond funds, TIPS, a proposed portfolio, other alternatives like long-short, market neutral and options strategies and musings about taxes and currency exposures. And then we conclude with Polo Hofer. | |||
| 12 Feb 2023 | Episode 242: Lemmy Joins Some Of The Regulars For Q&A And Portfolio Reviews As Of February 10, 2023 | 00:27:39 | |
In this episode we answer emails from Alexi (a/k/a "the Dude"), the effervescent MyContactInfo, and Mike. We discuss a Portfolio Visualizer fund selection tool for factor investing, Merton and other academics, and an uncannily familiar diversified portfolio recently featured in a Marketwatch article. And we play some Motorhead and rant about financial media a bit. | |||
| 19 Feb 2023 | Episode 243: Dirty Harry's Managed Futures Portfolios, An Asset Replacement Experiment And Portfolio Reviews As Of February 17, 2023 | 00:35:19 | |
In this episode we answer emails from Johnny, Kevin and Daniel. We discussed managed futures vs. commodity funds, the Mt. Lucas "Dirty Portfolios" with KMLM and how to transition from one asset to another in a portfolio with the beginning of a new pedagogical experiment in that. | |||
| 26 Feb 2023 | Episode 244: Fun With New Managed Futures Funds, TIPS Misconceptions And Portfolio Reviews As Of February 24, 2023 | 00:39:40 | |
In this episode we answer a series of emails from Drew and one from Ms. Annie Mouse. We discuss the fund BLNDX, managed futures and how to analyze new and composite funds and then rant about TIPs misconceptions and uses for your delight and amusement. | |||
| 04 Mar 2023 | Episode 245: Gold And Bonds And Sonia, Oh My! And Portfolio Reviews As Of March 3, 2023 | 00:37:07 | |
In this episode we answer emails from Anonymous, Jeffrey and Anderson. We discuss locations for putting gold in various accounts, rant about the physical gold racket, discuss theoretical and practical risk parity portfolios, and talk about short and long term treasuries. | |||
| 16 Mar 2023 | Episode 246: Risk Parity ETFs, Leverage, Alternatives, Podcasts and Ohio! | 00:39:37 | |
In this episode we answer emails from Kevin, Graham and Boone. We discuss the risk parity ETFs, RPAR and UPAR, leveraged portfolios, alternative assets, ETFs and some of the podcasts I'm listening to these days. | |||