Search found 148 matches

by koekebakker
Fri Jun 23, 2017 12:01 pm
Forum: Permanent Portfolio Discussion
Topic: Starting EU PP, doubts about the bonds part
Replies: 60
Views: 26916

Re: Starting EU PP, doubts about the bonds part

3 year duration is simply unworkable for the PP, you need 20+, ideally 25-30 year. If you can't get your hands on long-term domestic government bonds, can you get access to German LTT's? 3 year duration can be fine, as long as you'll reduce your gold exposure accordingly. You don't need as much inf...
by koekebakker
Thu Jun 15, 2017 2:32 am
Forum: Permanent Portfolio Discussion
Topic: Starting EU PP, doubts about the bonds part
Replies: 60
Views: 26916

Re: Starting EU PP, doubts about the bonds part

But there's a personal reason I don't want stocks to be a large part of my portfolio: volatility. I'm a contractor, I've got enough risk in my life and I do not wish to see my savings go up and down with the stock market. That's a very good reason to feel attracted to a conservative portfolio like ...
by koekebakker
Wed Jun 14, 2017 9:29 am
Forum: Permanent Portfolio Discussion
Topic: Starting EU PP, doubts about the bonds part
Replies: 60
Views: 26916

Re: Starting EU PP, doubts about the bonds part

I'm afraid I can't be of much help regarding choice of bonds. German bonds are usually advised but as you're Dutch you could argue that there is no need for foreign bonds. Dutch bonds are considered almost as safe as German bonds. There is no long-term bond etf for Dutch treasuries as far as I know,...
by koekebakker
Sat Jun 10, 2017 2:39 am
Forum: Permanent Portfolio Discussion
Topic: Starting in Europe, questions
Replies: 19
Views: 8525

Re: Starting in Europe, questions

Everything is a trade-off :) I believe that keeping it simple is very important for being able to stay the course long-term. You can spend many, many hours thinking/worrying about which ETF's to choose, where to keep them etc etc. In the end it probably won't matter much, if at all. It's better to s...
by koekebakker
Mon Jun 05, 2017 7:09 am
Forum: Permanent Portfolio Discussion
Topic: Starting in Europe, questions
Replies: 19
Views: 8525

Re: Starting in Europe, questions

I'll try to answer your questions. Fund size ranges from 358 to 5651m. Does this matter? ETF's with more assets under management tend to have a lower spread (difference between bid and ask price of the ETF) en tend to track their index more closely. As long as the ETF isn't too small it won't make m...
by koekebakker
Mon Jun 05, 2017 3:27 am
Forum: Permanent Portfolio Discussion
Topic: Starting in Europe, questions
Replies: 19
Views: 8525

Re: Starting in Europe, questions

Hi Europeanwizard! Picking a stock etf can indeed be highly confusing when you're just starting out. People on this board who are running a eurozone PP tend to use the following ETF's: For eurozone stocks: iShares Core EURO STOXX 50 UCITS ETF EUR - TER 0.10% - Ticker CSX5 iShares MSCI EMU UCITS ETF ...
by koekebakker
Sat Dec 24, 2016 5:49 am
Forum: Permanent Portfolio Discussion
Topic: Moving out of the PP
Replies: 11
Views: 5321

Re: Moving out of the PP

It sounds like you've made up your mind, but do consider keeping that 10% in gold on the side. It's not so much that it'll be too daunting, but it's enough to serve as a decent insurance policy in case of a future 1970s style event. Just buying some coins to balance your retirement accounts is all ...
by koekebakker
Sun Dec 18, 2016 7:05 am
Forum: Permanent Portfolio Discussion
Topic: Moving out of the PP
Replies: 11
Views: 5321

Moving out of the PP

Lately I’ve been looking to simplify certain areas of my life and I had to admit to myself that I had more doubts about my Permanent Portfolio then I’d like to. Ever since I’ve began adding new money to move my portfolio closer to the 4x25 allocation (5/6 years!) I’ve kept a feeling of unease about ...
by koekebakker
Fri Oct 14, 2016 3:08 pm
Forum: Permanent Portfolio Discussion
Topic: Slowly bleeding
Replies: 67
Views: 19645

Re: Slowly bleeding

Dutch wealth tax is pretty bad, but you can get some 5 year cd's which yield about 0.8% real, so -0.4 after tax which is not too bad I guess in this environment. Net taxes are probably slightly lower as the first 20/40k are not taxed. Eurozone 30y bonds yield less than 5y cd's so they should probabl...
by koekebakker
Sat Sep 24, 2016 8:07 am
Forum: Permanent Portfolio Discussion
Topic: Can we trust low correlations?
Replies: 56
Views: 16045

Re: Can we trust low correlations?

How much of a 25% allocation to gold do people find reasonable to put into senior and junior gold miners for a bit of juice? I'm thinking 1%
Don't think adding 1% will make any kind of difference whatsoever.
by koekebakker
Sat Sep 24, 2016 8:03 am
Forum: Permanent Portfolio Discussion
Topic: Can we trust low correlations?
Replies: 56
Views: 16045

Re: Can we trust low correlations?

'Deep risk' was an interesting read, thanks for reminding me Kevin! Bernstein's answer to most forms of deep risk is, as usual, stocks. Keep as much cash/short term treasuries as necessary and put the rest in global stocks, preferrably value-tilted. Maybe add some bullion or gold stocks. That's abou...
by koekebakker
Mon Sep 05, 2016 1:22 pm
Forum: Permanent Portfolio Discussion
Topic: Can we trust low correlations?
Replies: 56
Views: 16045

Re: Can we trust low correlations?

The thing is I'm not talking about the Desert portfolio, I'm talking about short term fixed income, 2.5-3y duration for the 60% fixed income part. The higher duration of the Desert portfolio makes it vulnarable in a 70's scenario. When you lower the gold allocation compared to the PP, you have to lo...