I am 24 with no retirement date in mind. But I still save pretty aggressively (max out 401k, Roth, HSA, just starting to do taxable). If my health permitted and I could see myself working late into my life but using the portfolio's supplemental income to "go baller". I am literally just do...

Well, as I said before I am certainly not ringing the alarm bell on the portfolio. The performance since starting the blog has been decent considering the risk level. The sharpe ratio has beaten the vanguard 60/40 Balanced fund (VBINX). I just want to go with a more traditional approach with my asse...

One more question: So it seems that you have shifted from gold to TIPs for an inflation hedge. Do you think that is better than just a smaller allocation to gold? If so, can you elaborate? If I wanted to inflation proof a retirement plan that was about to enter the withdrawal phase the first step w...

I don't recall HB commenting on the relationship between money supply and gold. Gold responds to unexpected inflation is the theory not excess bank reserves stored at the FED. The $ didn't reach those who could spend it and raise inflation. Not sure the model is broken, perhaps misused but not brok...

Might as well ask here. Elsewhere you said, "I found that the main advocates for gold were using old models that have already been proven wrong." Can you elaborate a bit more? Not so much here on this forum but many gold holders were betting on a big inflation coming because of charts lik...

Hey melveyr, You have written so eloquently (and concisely) in support of the PP on your site and I am curious what has caused you to change your mind about Harry Browne's ideas. Has something fundamentally shifted in the world, or were those just the writings of a younger version of your current s...

The only other point I would add to that is that the state taxation of CDs is mitigated by placing them in a traditional IRA. Your taxable account should really be equity focused as long as you are managing all of your assets as one portfolio.

Oh and regarding tax efficiency because you mentioned split between taxable/tax advantaged... Try to view your entire pool of assets as one portfolio but understand that some accounts are more suited to specific assets. Roth: Stocks 401k: Bond funds Traditional IRA: CDs (because 401ks don't offer th...

My thoughts are quite mainstream and not terribly exciting! But I will try to explain it in a different way to hopefully make it interesting. I do think that time horizon matters. I think that long term liabilities should be financed with longer term assets and shorter term liabilities should financ...

Saturday uptown works!

I can make it

I live in LES but can meet anywhere on Manhattan 

MG, I'm not sure I understand the application of duration outside of bonds. Standard deviation has its flaws (and is a moving target) but I think it's the best we have. D1984, I am not a fan of the x3 (or x2) products. They are designed to be trading vehicles and the products' own prospectuses warn ...

Work has finally slowed down so I had some time to do some thinking and number crunching. I made a post here you guys might find interesting: http://www.stableinvesting.com/2014/11/november-26-2014-bond-duration-as.html?m=1 I think that the PPs core drivers can be exploited at varying levels of risk...

The economic framework of that quadrant is exactly how the PP was designed. Bridgewater (the largest hedge fund group in the world) produced that specific chart, and they follow the same underlying philosophy as the PP for their All Weather fund. Harry Browne's description of 4 environments is somew...

The vanguard target retirement income fund is great. I love that they added hedged international bonds. You own a little bit of everything with that fund and at an extremely reasonable expense ratio. The only way to get burned with that fund is through a bad inflation or abandoning ship to chase so...

The vanguard target retirement income fund is great. I love that they added hedged international bonds. You own a little bit of everything with that fund and at an extremely reasonable expense ratio. The only way to get burned with that fund is through a bad inflation or abandoning ship to chase som...

Treasuries rising after their downgrade is actually an extremely simple and logical response. Smart money knows that Treasuries are risk free in nominal terms and prices them primarily off of inflation and growth expectations. When Treasuries got downgraded it had no impact on their credit risk (bec...

Why not just use the % change in a price index to determine inflation? By definition inflation is a broad change in prices.

"Never try to teach a pig to sing. It wastes time and annoys the pig"

I feel like I should tattoo this inside of my eyelids.

Yeah things are looking up Thanks guys.

Just level one.

Like a coward I didn't respond to this thread until I knew if I passed. But yes!

Sometimes I don't like reading the political views that are expressed here, and sometimes the Boglehead's moderating stifles interesting discussions.

I like having both options.

I am going through a rough part of my life, and the PP is the last thing on my mind. If you find yourself pre-occupied with the PP's recent lackluster performance, do yourself a favor and focus on bigger and better things. Life may be passing you by.

That is all.