Search found 4656 matches

by mathjak107
Fri Jul 04, 2025 12:15 pm
Forum: Permanent Portfolio Discussion
Topic: 🧭 When and how do you start withdrawing from a Permanent Portfolio? 💰
Replies: 7
Views: 345

Re: 🧭 When and how do you start withdrawing from a Permanent Portfolio? 💰

frugal , i do depend on those withdrawals to live so i dont follow your question . if you are concerned about the 5% drops in down markets. , they are irrelevant since your draw is so much higher than it would have been if you used the standard constant dollar method which is the conventional 4% swr...
by mathjak107
Fri Jul 04, 2025 5:38 am
Forum: Permanent Portfolio Discussion
Topic: 🧭 When and how do you start withdrawing from a Permanent Portfolio? 💰
Replies: 7
Views: 345

Re: 🧭 When and how do you start withdrawing from a Permanent Portfolio? 💰

the problem with the old 4% swr as it stands. is it does not self adjust . meaning that 90% of the already 125 rolling 30 year periods we have had , you ended 30 years with more than you started with using 50/50 to 60/40 so without a system of raises in place besides inflation adjusting , to much mo...
by mathjak107
Thu Jul 03, 2025 1:50 am
Forum: Permanent Portfolio Discussion
Topic: 🧭 When and how do you start withdrawing from a Permanent Portfolio? 💰
Replies: 7
Views: 345

Re: 🧭 When and how do you start withdrawing from a Permanent Portfolio? 💰

it’s no different than any other portfolio . we have been using bob clyatts 95/5 method of withdrawal for a decade now . we look at the balance each dec 31 . we get to set as spending goal posts the higher of 4% of the balance or in a down year , 4% of the balance or 5% less then we were taking . wh...
by mathjak107
Thu Jul 03, 2025 1:30 am
Forum: Permanent Portfolio Discussion
Topic: Difference Between Holding Long-Term Bonds Directly vs. Through an ETF
Replies: 9
Views: 704

Re: Difference Between Holding Long-Term Bonds Directly vs. Through an ETF

if inflation over 30 years ate up half your purchasing power , then getting back your 1k in an individual bond and it buys 500 dollars worth of stuff, that is a loss no matter how you look at it . the fund does not have a fixed rate like the bond so your interest rate will change . over time if rate...
by mathjak107
Mon Jun 30, 2025 3:05 am
Forum: Permanent Portfolio Discussion
Topic: Difference Between Holding Long-Term Bonds Directly vs. Through an ETF
Replies: 9
Views: 704

Re: Difference Between Holding Long-Term Bonds Directly vs. Through an ETF

the pp was designed for a much longer maturity tlt has an effective maturity of 25.67 years harry specifically says on page 354 of why the best laid plans go wrong , maturity needs to be at least 25 years to qualify. page 355 says anytime the maturity of the 30 year bond falls to 25 years , you need...
by mathjak107
Sun Jun 29, 2025 1:29 pm
Forum: Permanent Portfolio Discussion
Topic: Difference Between Holding Long-Term Bonds Directly vs. Through an ETF
Replies: 9
Views: 704

Re: Difference Between Holding Long-Term Bonds Directly vs. Through an ETF

back in the old day harry used to recommend the benham capital target date funds . they were bond funds with fixed maturity dates . but every five years you had to sell them and buy longer dated ones , so even they , having fixed maturity dates and were identical to holding individual bonds you stil...
by mathjak107
Sun Jun 29, 2025 9:01 am
Forum: Permanent Portfolio Discussion
Topic: Difference Between Holding Long-Term Bonds Directly vs. Through an ETF
Replies: 9
Views: 704

Re: Difference Between Holding Long-Term Bonds Directly vs. Through an ETF

actually not quite the case . in order to maintain the power of the long bonds they do not get held to maturity . you pretty much have to sell them off every 5 years and replace them with the longest maturity. so when it comes to holding a constant duration like you would for a portfolio that counts...
by mathjak107
Sat Jun 28, 2025 1:47 pm
Forum: Variable Portfolio Discussion
Topic: Liability-Matching Portfolio?
Replies: 4
Views: 2239

Re: Liability-Matching Portfolio?

we use bob clyatts 95/5 dynamic method of withdrawal. we have been retired 10 years and find it as simple as can be . we simply set our goalposts at 4% of the actually balance each year on dec31 . in the event of a down year like 2022 you take the higher of : 4% of the balance or 5% less then you to...
by mathjak107
Wed Jun 25, 2025 6:28 pm
Forum: Permanent Portfolio Discussion
Topic: Brent Johnson praises Permanent Portfolio
Replies: 5
Views: 4474

Re: Brent Johnson praises Permanent Portfolio

interesting it doesn’t have the big 2022 drop yet from what i see
by mathjak107
Thu Jun 19, 2025 4:40 pm
Forum: Permanent Portfolio Discussion
Topic: Do 30-Year Bonds Still Belong in a Permanent Portfolio? 🙀
Replies: 33
Views: 5148

Re: Do 30-Year Bonds Still Belong in a Permanent Portfolio? 🙀

except for long bonds to do their thing when everything else is falling apart depends very heavily on why things are falling apart .

we saw devastation in every asset clsss in 2022 and long bonds had tlt falling minus 32%.

so they are kind of a fair weather friend
by mathjak107
Thu Jun 19, 2025 12:29 pm
Forum: Permanent Portfolio Discussion
Topic: Do 30-Year Bonds Still Belong in a Permanent Portfolio? 🙀
Replies: 33
Views: 5148

Re: Do 30-Year Bonds Still Belong in a Permanent Portfolio? 🙀

my feeling is never . the fed is so committed to not having a deflation or depression that i fail to see the reason anymore . they do more harm then good for the last two decades as gold and equities did a far better job than bonds and equities . as of friday i own no bonds and increased gold to 10%...
by mathjak107
Thu Jun 19, 2025 7:07 am
Forum: Permanent Portfolio Discussion
Topic: Do 30-Year Bonds Still Belong in a Permanent Portfolio? 🙀
Replies: 33
Views: 5148

Re: Do 30-Year Bonds Still Belong in a Permanent Portfolio? 🙀

yeah , the last few years saw devastating damage to long term bonds . i remember someone here posting how i called long term bonds wrong and i was eating my words a few years ago when tlt hit i think 165 . well i dont remember who it was but i hope they enjoyed the 50% drop . it was so obvious playi...
by mathjak107
Thu Jun 19, 2025 3:04 am
Forum: Permanent Portfolio Discussion
Topic: Do 30-Year Bonds Still Belong in a Permanent Portfolio? 🙀
Replies: 33
Views: 5148

Re: Do 30-Year Bonds Still Belong in a Permanent Portfolio? 🙀

the govt does not control bond rates , investors do . as we saw in april when the world pulled back from our auction and banks were on the verge of getting a margin call if trump didn’t reverse his tariffs , it’s investors that determine rates . that is why we get the inverted yield curve and invest...
by mathjak107
Wed Jun 18, 2025 10:45 am
Forum: Permanent Portfolio Discussion
Topic: Do 30-Year Bonds Still Belong in a Permanent Portfolio? 🙀
Replies: 33
Views: 5148

Re: Do 30-Year Bonds Still Belong in a Permanent Portfolio? 🙀

damn , typed a reply to frugal and accidentally hit report instead of send frugal i always loved harry and his books since the 1980’s . but in my accumulation stage he was way to conservative for me . i wanted pedal to the metal growth. i tried the pp in retirement but it wasn’t a good choice at tha...
by mathjak107
Tue Jun 17, 2025 5:22 pm
Forum: Permanent Portfolio Discussion
Topic: Do 30-Year Bonds Still Belong in a Permanent Portfolio? 🙀
Replies: 33
Views: 5148

Re: Do 30-Year Bonds Still Belong in a Permanent Portfolio? 🙀

when you go back thru time frames the last two decades it’s like equities and gold beat equities and bonds over most time frames . i am retired and really have no use for bonds at this stage . i keep a minimal amount but i can’t really say why . call me old school . equities gold and cash instrument...
by mathjak107
Mon Jun 16, 2025 10:12 am
Forum: Permanent Portfolio Discussion
Topic: Do 30-Year Bonds Still Belong in a Permanent Portfolio? 🙀
Replies: 33
Views: 5148

Re: Do 30-Year Bonds Still Belong in a Permanent Portfolio? 🙀

i can’t see the long term bonds anymore but i can see something like 40% equities 20% gold 20% cash instruments 20% laddered 5 year bonds both regular and inflation protected , maybe a mix of iei and ief or something like LDDR the 10 year bonds etf that is actually laddered bonds out to 10 years
by mathjak107
Sat Jun 07, 2025 2:49 pm
Forum: Permanent Portfolio Discussion
Topic: HB Permanent Portfolio: Now at 30/30/30/10 – What are the Risks? 🤔
Replies: 1
Views: 1363

Re: HB Permanent Portfolio: Now at 30/30/30/10 – What are the Risks? 🤔

one negative is you took away the barbel that cash and long term bonds form that cut the duration on the long term treasuries down quite a bit . in the pp the cash position actually works like a stock option , allowing you to buy more stocks at lower prices but with no expiration date . if i was goi...
by mathjak107
Wed May 28, 2025 11:13 am
Forum: Variable Portfolio Discussion
Topic: As far as financial advisors go, I like these people
Replies: 4
Views: 2229

Re: As far as financial advisors go, I like these people

they are but they work with other assets in risk parity fashion .

it is not a performance or timing thing like it is when he talks about missing the worst days in stock and using timing models to get in and out
by mathjak107
Mon May 26, 2025 12:34 pm
Forum: Variable Portfolio Discussion
Topic: As far as financial advisors go, I like these people
Replies: 4
Views: 2229

Re: As far as financial advisors go, I like these people

meh , the reality is no one can not only miss the worst days but they can’t even miss the worst broader time frames . if any of these timing models and proprietary trading systems actually worked , they wouldn’t be telling you, and they would have beaten buffet’s record . so the best we can do is no...
by mathjak107
Sat May 24, 2025 3:16 am
Forum: Permanent Portfolio Discussion
Topic: PP YTD performance - was it the worst ever?
Replies: 124
Views: 93564

Re: PP YTD performance - was it the worst ever?

I think I posted in Fall 2022 on one of these threads that it would be a great time to enter the PP, on a severe drawdown (worst of all time, it turns out). Looks like I was right. Since then, HBPP beats 60/40, which it usually doesn't do in a bull market. We're still in a bull market in stocks sin...
by mathjak107
Sat May 24, 2025 3:13 am
Forum: Permanent Portfolio Discussion
Topic: Can’t bring myself to rebalance by buying treasuries
Replies: 4
Views: 1443

Re: Can’t bring myself to rebalance by buying treasuries

once in a while i will use tlt for a quick trade i don’t trust long bonds as a hold at these rates nor as protection there are to many reliable ways to get downside protection today thru alternative investments. i use fidelity conservative bond , fidelity short term bond , fidelity intermediate term...
by mathjak107
Tue May 20, 2025 2:13 am
Forum: Variable Portfolio Discussion
Topic: Bond momentum
Replies: 4
Views: 2539

Re: Bond momentum

in my opinion it goes out longer than i would risk today . no reason to really go out longer than 3.5 years or so with pending stag flation or higher inflation with these tariffs, even if reduced fbnd won’t provide much more income and it takes on more interest rate risk . this is why i am staying w...
by mathjak107
Tue May 20, 2025 2:02 am
Forum: Bonds
Topic: moody’s cuts us credit rating
Replies: 7
Views: 2518

Re: moody’s cuts us credit rating

the markets barely reacted to it .

even the long treasuries had their normal DOWN day .