Search found 93 matches

by tarentola
Mon Jun 29, 2020 6:13 am
Forum: Stocks
Topic: DIY individual stock fund
Replies: 49
Views: 25247

Re: DIY individual stock fund

I tried out individual stocks, as described in another thread in November 2019 https://www.gyroscopicinvesting.com/forum/viewtopic.php?f=1&t=10178&p=181885#p181885 . I am a Euro investor. 1. PP 4x25% Stocks 50% individual Euro dividend shares (Sanofi, Vinci, Red Electrica, Renault, Air Liquide etc) ...
by tarentola
Sat May 02, 2020 6:30 am
Forum: Stocks
Topic: International stocks?
Replies: 27
Views: 1577

Re: International stocks?

Yes Hal, that makes sense: the stock index used should be diversified, and that may not be the case in a small country. Also as you mention, US bonds do have a safe haven status for investors worldwide. TLT (US 20+ year Treasuries) is +24% since January, while its European equivalent MTH is only +6%.
by tarentola
Sat May 02, 2020 3:45 am
Forum: Stocks
Topic: International stocks?
Replies: 27
Views: 1577

Re: International stocks?

To put the question backwards: should a non-US PP investor invest in US stocks and if so, what percentage? As a Euro investor, I am inclined to 50% EU, 30% US, 20% EM (not far off World allocation), but I have no evidence for this. My impression, from portfoliocharts.com and my own experience, is th...
by tarentola
Mon Apr 13, 2020 9:09 am
Forum: Permanent Portfolio Discussion
Topic: Most Secure Way to Reasonable Hold PP Assets??
Replies: 14
Views: 2971

Re: Most Secure Way to Reasonable Hold PP Assets??

"why not just buy a dividend ETF like Vanguard's VYM (and pay them a very small cut to do some managing) instead of individual companies?" Dividend ETFs are relatively new and have a rather undistinguished history. It seems that you get a considerably better return from holding the individual const...
by tarentola
Mon Apr 13, 2020 1:11 am
Forum: Permanent Portfolio Discussion
Topic: Most Secure Way to Reasonable Hold PP Assets??
Replies: 14
Views: 2971

Re: Most Secure Way to Reasonable Hold PP Assets??

To continue from my previous post: Even apparently safe companies are not immune from big losses. Tupperware: kitchen goods, household name. Mattel: children's toys including the famous Barbie and Ken. What could possibly go wrong? in the five years that I have owned them, quite a lot, apparently: -...
by tarentola
Sun Apr 12, 2020 3:54 pm
Forum: Permanent Portfolio Discussion
Topic: Most Secure Way to Reasonable Hold PP Assets??
Replies: 14
Views: 2971

Re: Most Secure Way to Reasonable Hold PP Assets??

Be careful with this line of thought. If you randomly bought 30 stocks across the range of sectors and market caps the odds are extremely high you are going to get your performance clock cleaned by a large cap index. You DO need a methodology for stock purchase if going to 30 individual stocks. Kbg...
by tarentola
Sun Apr 12, 2020 11:00 am
Forum: Permanent Portfolio Discussion
Topic: New to Permanent Portfolio
Replies: 46
Views: 16465

Re: New to Permanent Portfolio

So, 20% would mean 20-30% for each asset class right? Quite a bit narrower from what HB recommended.
Yes, that is my understanding of it as well. HB suggested rebalancing at 15% or 35% of the portfolio, so +/- 40% rather than +/-20%.
by tarentola
Sun Apr 12, 2020 4:05 am
Forum: Permanent Portfolio Discussion
Topic: New to Permanent Portfolio
Replies: 46
Views: 16465

Re: New to Permanent Portfolio

Michael Kitces has an article which concludes that it is best to check frequently and rebalance opportunistically at 20% bands. A 2007 study in the Journal of Financial Planning by Gobind Daryanani entitled “Opportunistic Rebalancing” studied rolling 5-year periods from 1992 to 2004 and found that t...
by tarentola
Wed Mar 25, 2020 5:34 am
Forum: Permanent Portfolio Discussion
Topic: Asset Allocation in the Most Painful Month
Replies: 32
Views: 2587

Re: Asset Allocation in the Most Painful Month

My intention a few posts back was not to talk up gold in particular, but rather to talk up asset diversification in general. Gold is an example of a diviersifier which is largely ignored by financial advisers - allegedly because they cannot make much money from advising you to invest in it. Meb Fabe...
by tarentola
Tue Mar 24, 2020 9:37 am
Forum: Permanent Portfolio Discussion
Topic: Asset Allocation in the Most Painful Month
Replies: 32
Views: 2587

Re: Asset Allocation in the Most Painful Month

The view on most investing web sites seems to be that stocks are the main and perhaps the only asset class to invest in, because over an investing lifetime, stocks can go in only one direction. So when an investor suffers a loss, the forum reply is often: "Just stay the course, it will all come righ...
by tarentola
Tue Mar 24, 2020 3:51 am
Forum: Permanent Portfolio Discussion
Topic: EU-PP and PPeers
Replies: 13
Views: 1198

Re: EU-PP and PPeers

Frugal Why do you use C13 and MTH ? C13 is an ETF of 1-3 year bonds, and MTH is 25+ year bonds, the longest-bond Euro ETF I can find. If you have other suggestions I would love to hear them. CEU is the MSCI Europe index ETF, but there is also the Eurostoxx 600 as well as individual country ETFs like...
by tarentola
Mon Mar 23, 2020 6:04 am
Forum: Permanent Portfolio Discussion
Topic: EU-PP and PPeers
Replies: 13
Views: 1198

Re: EU-PP and PPeers

Figures for today (ETFs traded in Paris) and on 1 Jan 2020, with difference %. Vanilla EU PP in Euros: CEU 166.78 245.32 -32.02% MTH 131.00 125.16 4.67% GBS 131.08 127.04 3.18% C13 168.09 168.61 -0.31% Combined -6.12% EUR/USD 1.0673 1.12375 -5.28% The vanilla US PP in dollars seems to have done bett...