jhogue wrote:Doesn't this belong in the Variable Portfolio Discussion section?

I don't know. These ETFs are broadly diversified and could conceivably replace the S&P 500 or TSM allocation of the Permanent Portfolio. That is, if you believe in the factors' outperformance over the long-term.

Vanguard is rolling out their low-cost, factor-based ETFs today. There are five single-factor funds and one multi-factor fund: Vanguard U.S. Liquidity Factor ETF (VFLQ) Vanguard U.S. Momentum Factor ETF (VFMO) Vanguard U.S. Minimum Volatility ETF (VFMV) Vanguard U.S. Quality Factor ETF (VFQY) Vangua...

Although the link isn’t loading for me now, this is good to know - thank you! I remember seening an announcement regarding this, but I forgot all about it. Here's a link to the press release: Vanguard Plans Benchmark Changes For Three Bond Funds And ETFs It was also covered in Barron's at the time:...

According to the fund announcement , the following three bond funds and ETFs have been changed to pure Treasury indexes: Vanguard Short-Term Government Bond Index Fund and ETF (VSBSX/VGSH) Vanguard Intermediate-Term Government Bond Index Fund and ETF (VSIGX/VGIT) Vanguard Long-Term Government Bond I...

Changing 50% of the portfolio in 1 months time is a big change! Just keep in mind that with that type of turnover all backtests of a static AA are pretty much pointless. I'd argue it's less of a Golden Butterfly and more of a Rudiger portfolio newsletter. ;) (Not that there's anything wrong with th...

Now that it's 2018, there are some fresh adjustments to the asset allocation of the modified portfolio: Emerging market (EM) stocks are now 100% of the equity allocation (due to the negative outlook for U.S. and EAFE real returns until 2025). Intermediate-term bonds have entirely replaced long-term ...

Some minor adjustments to the mGB portfolio for 2018 and beyond: International stocks are now 25% of the equity allocation (due to elevated U.S. stock valuations versus the rest of the world). Long-term bonds are shorter in duration (due to historically low spread between 10-year and 30-year U.S. Tr...

What about making the international stocks all emerging markets? This is a reasonable choice if you believe EM will outperform foreign developed in the future. However, international large-cap blend is a natural complement to domestic large-cap blend or the total U.S. market, and it's predominantly...

BTW be careful about selecting "Gold" in portfoliovisualizer.com. I think it's actually gold mining stocks. I got horrid results for the PP when I played with its backtesting, which may explain some of the negative comments on the board lately about long term performance. When I looked at...

How does it back test for 40 years? Over the past 30 years (since 1986), the mGB portfolio has returned: CAGR 8% Real CAGR 6% Stdev 7% Max Drawdown -17% Sharpe 0.67 Sortino 1.00 The results since 1970 are similar (real CAGR 5.8%). Of course, we can't know what the future holds, but it's unlikely to...

I thought I'd share this modified Golden Butterfly (mGB) portfolio. There's a slight tilt to international stocks (20% of the equity allocation). Bonds are slightly reduced in duration to compensate for the effect of diversifying your portfolio into international stocks, since deflation doesn't hit ...