Search found 44 matches

by Kike Moreno
Thu Feb 08, 2024 2:39 am
Forum: Permanent Portfolio Discussion
Topic: Rebalancing and Timing
Replies: 7
Views: 444

Re: Rebalancing and Timing

To avoid this dilemma, I set a fixed day in the year in which I check the bands (20/30 in my case). If the portfolio has hit the bands at this specific date, I rebalance. The rest of the days I do nothing with it. As you will only check (and maybe rebalance) once a year, you can use narrower rebalan...
by Kike Moreno
Wed Mar 18, 2020 11:22 am
Forum: Permanent Portfolio Discussion
Topic: EU-PP and PPeers
Replies: 13
Views: 7126

Re: EU-PP and PPeers

I will stick to my plan, so I will rebalance (if needed) at the fixed date that I decided that I would check the portfolio every year, and using the rebalancing bands that I decided.
by Kike Moreno
Mon Jan 27, 2020 10:57 am
Forum: Permanent Portfolio Discussion
Topic: J.P. Morgan index historical data ?
Replies: 0
Views: 3074

J.P. Morgan index historical data ?

Hello. Do you know how or where can I get the historical data of the J.P. MORGAN GBI EMU Investment Grade Index? According to a fund that tracks it (Amundi IS JP Morgan EMU Govies AE-C - ISIN LU1050470373), this index is available at Reuters (.JPMEMUIG) and Bloomberg (JPEIEMUI). I would like to use ...
by Kike Moreno
Fri Sep 06, 2019 3:47 am
Forum: Permanent Portfolio Discussion
Topic: EU PP 2016-2019
Replies: 16
Views: 12019

Re: EU PP 2016-2019

AMUNDI PHYSICAL GOLD ETC (C)

ISIN code FR0013416716

https://www.amundietf.fr/professional/p ... 0013416716
by Kike Moreno
Mon Dec 17, 2018 6:15 am
Forum: Permanent Portfolio Discussion
Topic: PP Europe (Germany)
Replies: 15
Views: 12548

Re: PP Europe (Germany)

During 2015 and 2016 the 30-year German bund yield went to 0.5% and even below. The current yield is 0.88%, so yes, the yield can still go down and the bund up. If at 1% you are skipping long bonds, when are you going to buy them? When the yield is at 1.5%? At 2%? At 3%? Maybe then you will think th...
by Kike Moreno
Thu Dec 13, 2018 12:55 pm
Forum: Permanent Portfolio Discussion
Topic: PP Europe (Germany)
Replies: 15
Views: 12548

Re: PP Europe (Germany)

I think that for bonds the closest you can get to a PP in euros is to buy the longest German bond available, which currently is the one that expires at 2048 and ISIN DE0001102432 (current yield 0.90%). Remember that you get the long bonds not for the yield but for the deflation protection. If you pr...
by Kike Moreno
Tue Dec 11, 2018 3:50 am
Forum: Permanent Portfolio Discussion
Topic: How does the PP respond to a devaluing currency
Replies: 3
Views: 3780

Re: How does the PP respond to a devaluing currency

If there is inflation also in the US then gold will work as expected. In case of an euro-only inflation we can get some protection by holding international stocks. So a possible allocation is: - 12.5% eurozone stocks - 12.5% global stocks - 25% gold - 25% cash in euros - 25% 30-year german bund (the...
by Kike Moreno
Mon Nov 13, 2017 11:59 am
Forum: Permanent Portfolio Discussion
Topic: PP Podcasts
Replies: 2
Views: 3117

Re: PP Podcasts

Where are Craig's and Tyler's podcasts?
by Kike Moreno
Sat Oct 21, 2017 1:32 am
Forum: Other Discussions
Topic: How to subscribe to new topics (and not to replies)?
Replies: 7
Views: 7354

Re: How to subscribe to new topics (and not to replies)?

I have not received the notification of your last reply after unchecking "Someone replies to a topic to which you are subscribed". :(

I have found some info here: https://www.phpbb.com/community/viewtop ... &t=2111838
by Kike Moreno
Fri Oct 20, 2017 12:53 pm
Forum: Other Discussions
Topic: How to subscribe to new topics (and not to replies)?
Replies: 7
Views: 7354

Re: How to subscribe to new topics (and not to replies)?

Thanks, I have done that, let see how it goes. My doubt is if, after unchecking "Someone replies to a topic to which you are subscribed", I will continue receiving the replies to the topic to which I am subscribed.

I am subscribed to this topic so if you reply to this we will find out soon. :)
by Kike Moreno
Fri Oct 20, 2017 9:00 am
Forum: Other Discussions
Topic: How to subscribe to new topics (and not to replies)?
Replies: 7
Views: 7354

Re: How to subscribe to new topics (and not to replies)?

Feedly has a feature that could be used to remove unwanted forum topics. It is called Mute Filters but it is only available to paying customers which is not my case.
by Kike Moreno
Fri Oct 20, 2017 5:51 am
Forum: Other Discussions
Topic: How to subscribe to new topics (and not to replies)?
Replies: 7
Views: 7354

Re: How to subscribe to new topics (and not to replies)?

Thanks, I use Feedly so an RSS feed would be an option, but unfortunately the feed that you linked includes topics from all the forums, not just the "Permanent Portfolio Discussion" forum. I tried to get (or build) a URL to include topics restricted to 1 forum but I couldn't find it.
by Kike Moreno
Thu Oct 19, 2017 9:35 am
Forum: Other Discussions
Topic: How to subscribe to new topics (and not to replies)?
Replies: 7
Views: 7354

How to subscribe to new topics (and not to replies)?

Hi. I would like to subscribe to receive an email every time a new topic is posted in the Permanent Portfolio Discussion forum. Then, if I find the topic interesting I would click on the "Subscribe" link in the topic to receive the replies. This is how I would expect it to work. But the problem is t...
by Kike Moreno
Fri Jun 16, 2017 4:21 pm
Forum: Permanent Portfolio Discussion
Topic: Starting EU PP, doubts about the bonds part
Replies: 59
Views: 47056

Re: Starting EU PP, doubts about the bonds part

What happens to this allocation if the euro appreciates for example a 20% to the level where it was just 3 years ago? 3 of the 4 assets have currency exchange risk in this portfolio.
by Kike Moreno
Thu Jun 15, 2017 2:56 am
Forum: Permanent Portfolio Discussion
Topic: Starting EU PP, doubts about the bonds part
Replies: 59
Views: 47056

Re: Starting EU PP, doubts about the bonds part

Just to say something in favor of the Euro PP, during the 18 years of the euro the portfolio has got a 6.36% annualized nominal return ( http://www.carterapermanente.es/evolucion-cartera-permanente/ ). So it has been doing its job during these years. As always past returns do not guarantee future re...
by Kike Moreno
Wed Jun 14, 2017 4:12 am
Forum: Permanent Portfolio Discussion
Topic: Starting EU PP, doubts about the bonds part
Replies: 59
Views: 47056

Re: Starting EU PP, doubts about the bonds part

Interesting analysis on the bonds part for Europeans (in Spanish):

http://www.carterapermanente.es/bonos-europeos/

Its conclusion: stay with German bonds, or maybe Dutch, Finnish or Austrian bonds, and avoid the rest.
by Kike Moreno
Tue May 02, 2017 12:37 pm
Forum: Permanent Portfolio Discussion
Topic: Backtesting the PP in Other Countries (Economies)
Replies: 30
Views: 24096

Re: Backtesting the PP in Other Countries (Economies)

That's an interesting idea. I'm not sure Germany alone would be an appropriate source for EMU bonds as a whole, but maybe I could properly weight them. Brownehead did an interesting analysis on the performance of the European countries bonds in the event of a deflation (which we had during the rece...
by Kike Moreno
Tue May 02, 2017 12:13 pm
Forum: Permanent Portfolio Discussion
Topic: Backtesting the PP in Other Countries (Economies)
Replies: 30
Views: 24096

Re: Backtesting the PP in Other Countries (Economies)

OK, I understand that having 2 separate settings, one for the currency and another for the inflation could be too messy. But maybe you could just add a new "country" called "eurozone" with this configuration: - data only from 1999. I know the timeframe is short, but it's better than nothing :) - sto...
by Kike Moreno
Tue May 02, 2017 4:12 am
Forum: Permanent Portfolio Discussion
Topic: Backtesting the PP in Other Countries (Economies)
Replies: 30
Views: 24096

Re: Backtesting the PP in Other Countries (Economies)

Hi Tyler, thanks a lot for the multi-country support. This is really great for us living outside the US. I have 2 suggestions for you: 1) Instead of splitting the analysis by "countries", I think it would be more useful if splitted by "currencies". I understand that the generalization of Harry Brown...
by Kike Moreno
Fri Apr 28, 2017 2:47 pm
Forum: Permanent Portfolio Discussion
Topic: Backtesting the PP in Other Countries (Economies)
Replies: 30
Views: 24096

Re: Backtesting the PP in Other Countries (Economies)

That sounds great, thanks!

Will you add support for other currencies like the euro?

Just having the end of the year conversion from the USD to the EUR (or any other currency) should be enough to generate all the assets values in EUR and evaluate the portfolios using assets in EUR.
by Kike Moreno
Fri Apr 28, 2017 1:40 pm
Forum: Permanent Portfolio Discussion
Topic: Backtesting the PP in Other Countries (Economies)
Replies: 30
Views: 24096

Re: Backtesting the PP in Other Countries (Economies)

This is a possible source of data for the German bonds: https://index.db.com/dbiqweb2/index/iboxx_euro_sovereign_germany_15_year It is in fact a index, and not exactly the 30-year bund, but could be used a reasonable substitute. Another option is to use the value that Brownehead has calculated in hi...
by Kike Moreno
Tue Apr 25, 2017 6:55 am
Forum: Permanent Portfolio Discussion
Topic: Backtesting the PP in Other Countries (Economies)
Replies: 30
Views: 24096

Re: Backtesting the PP in Other Countries (Economies)

Hi Tyler, I join the congratulations, your work is really really useful for us. As I suggestion, if you could consider adding these assets/indexes I think they would be very useful to evaluate a Euro Permanent Portfolio and Euro Golden Butterfly: - MSCI EMU index (EUR) - 30 year German bond - MSCI S...
by Kike Moreno
Thu Dec 22, 2016 12:25 pm
Forum: Permanent Portfolio Discussion
Topic: How to listen to Harry Browne Investment Radio Shows ?
Replies: 4
Views: 5870

How to listen to Harry Browne Investment Radio Shows ?

It looks like links on the original Harry Browne Investment Radio Show archives are broken: http://www.harrybrowne.org/Archives/Archives-investment.htm The mirror is also down: https://web.archive.org/web/20160324133409/http://crawlingroad.com/blog/harry-browne-permanent-portfolio-archives/ Is there...
by Kike Moreno
Wed Jan 27, 2016 11:51 am
Forum: Permanent Portfolio Discussion
Topic: Planning to set up a portfolio
Replies: 26
Views: 15115

Re: Planning to set up a portfolio

Yes, but this is the direct impact of currency deprecation.  What I mean is that in the case of big currencies like the euro, a local high inflation will cause an increase in gold demand from europeans and an additional gold price increase.