Yes, in my first reply I forgot to mention that some of this requires looking at your portfolio more than you're "supposed to". I'm in the accumulation phase so about quarterly I will distribute new cash but other than that I only make trades about once a year. I run a GB and I was able t...

Anytime you rebalance out of stocks you lower your long term expected returns. I probably over-re-balance to maintain risk profile. Interesting. So in your case as soon as stocks get 2-3% let's say below 25% you end up bringing them back to 25%, essentially buying the dip ? You must have made a kil...

Hi fellow PPers, I just rebalanced my Canadian Permanent Portfolio, it's the 3rd time I rebalanced in less than one year. I use 20/30 bands but I ended up pulling the trigger before hitting the exact allocation. I have been burned in the past where an asset stalled at 29% only to go back to 25%. My...

Hi fellow PPers, I just rebalanced my Canadian Permanent Portfolio, it's the 3rd time I rebalanced in less than one year. I use 20/30 bands but I ended up pulling the trigger before hitting the exact allocation. I have been burned in the past where an asset stalled at 29% only to go back to 25%. My ...

Never underestimate just how long a roll of central banking duct-tape is or how long it'll stick. Brilliant! For Canada, I'll bet gold. Heard the other day that Trudeau created more debt during this term than every other PMs before him COMBINED! Didn't verify this but I wouldn't be surprised if it ...

I voted for gold because it could be perceived as undervalued compared to the other assets but hopefully we see another volatile year and stocks or bonds end up on top.

80% HBPP + 20% VP

... The way I get around it is to have a stock-heavy vp. If I start painting eyes on the dragon, I will never know if the pp works as intended, because I won’t truly have one. This. A lot of people here seem to forget about the VP. Even the Golden Butterfly is a 80%/20% PP/VP with small-caps in the...

Hi fellow Canadian, To hedge or not to hedge ? I thought about this quite a bit. Looked for hours at performance charts (USDCAD vs SPY vs GLD). Wisdom says whatever you choose, keep doing it. What I mean is if you do choose to hedge, keep hedging forever because otherwise you will end up inadvertent...

We are not Japan Really ? We aren't ? Of course we aren't exactly like Japan... My point was yield can still go lower on the 30Y and I wouldn't be surprised to see the Fed buy equities in the next crisis like BOJ did. I am not saying the conditions are the same here as they are there, but the centr...

I was wondering with ST rates at 0 and LT rates at 1.54 if people still had confidence of that performance over the next 20 years. No question, the Fed has intended for its Zero Interest Rate Policy (ZIRP) to lower the entire Treasury yield curve, end-to-end, since 2008. Despite 12 years of non-sto...

^ "maybe two doses of cash instead of bonds" yeah Ive been hand wringing. https://www.bogleheads.org/forum/viewtopic.php?t=326051 Yeah when the bond king shies away from bond, it makes one think. However he does mention that in the short term, interest rate might still go down although he...

Another mention of the PP by Gundlach around the 47:00-48:00 mark : https://www.youtube.com/watch?v=zcEj4XkLn5w

When I feel like timing the market, I simply rebalance. In March 2020, my bond allocation was at 28-29% in an account where I use tighter 20/30 bands since commissions are lower. Bonds had rallied so much that I felt like selling it all. Instead I simply trimmed it and reinvested it in the lagging a...

(...) i don't believe in touching the cash in the pp as a spendable asset anymore then i consider the other parts non essential . we are retired but i wont spend down pp cash unbalancing things in the pp , we keep separate cash for living on . that cash is for two specific purposes . it is to act a...

It's funny how since I am in the accumulation phase, most of my time has been spent thinking about how to add funds to the PP. I always assumed, without really thinking about it, that I would draw money out of the cash portion upon retirement. But the same way one could add to cash or add to the lag...

I wanted to share a new concoction of mine without starting a new thread, so I'll post it here. I've "invented" a variation of the Goldsmith PP. The Goldsmith PP being itself a variation of the PP that uses a vanguard conservative fund as a replace for the stock, bond, and cash components...

(...) I actually kind of like the swings in NAV because they swing with the momentum of gold's price. This means more capital appreciation on the upside, and a greater ability to accumulate on the downside; it sort of amplifies the volatility of gold, which in the context of the Permanent Portfolio...

One vote for the Sprott "PHYS" fund, here. (...) @blue_ruin17 Yes, a colleague of mine also swears by PHYS. The problem I see with PHYS is the current situation with MNT. To me their close-end fund structure looks quite similar to the ETR structure of MNT. Both may end up not tracking NAV...

The best passive choice for canadian gold ETF is obviously KILO.B, physically-backed and dirt cheap MER. Low volume might cause the same trouble as widespreads though but might not be an issue depending on portfolio size. However, I believe that MNT is superior by the fact that it is an ETR directly...

Hi :) How does one deal w/this ? What do you mean by arbitrage and how does one do this ? What would you replace MNT with ? Thx I sold MNT this morning as it was -1.5% at the open compared to CGL.C and KILO.B which were mostly flat. Looking like the premium is starting to fade. Bloomberg shows yest...

Thanks for pointing that out ! I might sell out of MNT sooner than later. I always knew that there was some premium associated with MNT. However, the premium to NAV is now around 20%. My theory is that since it is a redeemable for physical type of fund and since allegedly delivery of physical for hu...

gizmo_rat wrote: ↑Wed May 20, 2020 5:00 am All good PP is up about 4% (has never hit a rebalance point in 10 years)

How did that happen ? No rebalancing in the past 10 years ?!
Real curious, are you checking for rebalancing only once a year ?

Thanks

Found it! https://www.vanguardcanada.ca/documents/global-equities-advisor.pdf For reference, Vanguard's Canadian ETFs that aim for global equity diversification follow the 30% to Canada idea. Thanks! I have been looking for this for years. Ended up reverse-engineering it from the equity allocation ...

Hi, I am using : VCN ZFL MNT CLF For the sake of simplicity, and instead of tweaking the allocation to include geographic diversification, I have a Canadian Permanent Portfolio and a US Permanent Portfolio and I rebalance them individually. Everything time I research how much of a Canadian investmen...