On the topic of how countries could deal with foreign bondholders during a euro currency crisis.
It's obviously more likely that domestic bondholders will be treated "better".
Now i'm wondering how an Irish Ishares etf that holds bonds from my own country would be treated, hmz..
Search found 259 matches
- Mon Oct 17, 2016 5:42 pm
- Forum: Permanent Portfolio Discussion
- Topic: Slowly bleeding
- Replies: 67
- Views: 18154
- Mon Oct 17, 2016 12:17 pm
- Forum: Permanent Portfolio Discussion
- Topic: Slowly bleeding
- Replies: 67
- Views: 18154
Re: Slowly bleeding
But that's only because of the USD-denominated assets, so just adopt a US PP. What exactly is the problem with doing that? Everybody assumes the US will be the last man standing, which probably makes that scenario less likely to happen. I would effectively make a bet on the US, and not just the USD...
- Mon Oct 17, 2016 11:54 am
- Forum: Permanent Portfolio Discussion
- Topic: Slowly bleeding
- Replies: 67
- Views: 18154
Re: Slowly bleeding
I realise it's a luxury problem, but it's still a problem.AnotherSwede wrote:[Because I don't../quote]
Me neither
what an awful problem, having that much money in these times.
- Mon Oct 17, 2016 11:48 am
- Forum: Permanent Portfolio Discussion
- Topic: Slowly bleeding
- Replies: 67
- Views: 18154
Re: Slowly bleeding
75% stocks? Holy shit, to each his own but to be 75% in stocks right now?AnotherSwede wrote:I have a mortgage and have not been able to rationalize paying much more interest than I get.
So I have 75% global equity, 25% gold and try paying off the mortgage.

- Mon Oct 17, 2016 11:43 am
- Forum: Permanent Portfolio Discussion
- Topic: Slowly bleeding
- Replies: 67
- Views: 18154
Re: Slowly bleeding
Let me put it like this for all the people who still say it's all ok and will work out. Lets just say: - you have 25 - 30 yearsalaries in euros. - you live in Europe - most of it is in cash, part of it is in a euro PP - you obviously cannot hold this in cash (especially euros!) Who here will claim w...
- Mon Oct 17, 2016 11:30 am
- Forum: Permanent Portfolio Discussion
- Topic: Slowly bleeding
- Replies: 67
- Views: 18154
Re: Slowly bleeding
Ok, my currency (krona) follows the euro, pounds are worse. I am afraid euros (and bunds) are not worse off than other currencies, even if the euro breaks it must be replaced, 1 to something, by something. It remains to be seen if Germany or whatever country's bonds you hold, will convert foreign c...
- Mon Oct 17, 2016 11:12 am
- Forum: Permanent Portfolio Discussion
- Topic: Slowly bleeding
- Replies: 67
- Views: 18154
Re: Slowly bleeding
By not being 100% invested in euros.AnotherSwede wrote:How?Not if you can prevent that to begin with. Which you can.
- Mon Oct 17, 2016 11:07 am
- Forum: Permanent Portfolio Discussion
- Topic: Slowly bleeding
- Replies: 67
- Views: 18154
Re: Slowly bleeding
If the alternative is worthless currency and equity it is. If the alternative is slowly, but not smoothly, losing nominal value, then smooth-ish 0% return is really good. Not if you can prevent that to begin with. Which you can. I am just questioning a quick and orderly return to positive yields an...
- Mon Oct 17, 2016 10:40 am
- Forum: Permanent Portfolio Discussion
- Topic: Slowly bleeding
- Replies: 67
- Views: 18154
Re: Slowly bleeding
It doesn't make any sense to hold a portfolio where you have a chance of retaining a part of your capital.AnotherSwede wrote:25% gold and whatever could be saved of the rest.
- Mon Oct 17, 2016 1:46 am
- Forum: Permanent Portfolio Discussion
- Topic: Slowly bleeding
- Replies: 67
- Views: 18154
Re: Slowly bleeding
A global PP (using https://www.ishares.com/uk/individual/e ... -ucits-etf for the bonds), and using a total world ETF for stocks would have never broken down completely.
It does break the PP concept entirely though.
It does break the PP concept entirely though.
- Mon Oct 17, 2016 1:32 am
- Forum: Permanent Portfolio Discussion
- Topic: Slowly bleeding
- Replies: 67
- Views: 18154
Re: Slowly bleeding
Looking at this, the PP would have been totally destroyed in quite a few cases. Some more evidence for geographic diversification. Certainly, a widely diversified portfolio like the Permanent Portfolio is way better in those cases than one just using stocks/bonds which is what many would recommend....
- Mon Oct 17, 2016 1:22 am
- Forum: Permanent Portfolio Discussion
- Topic: Slowly bleeding
- Replies: 67
- Views: 18154
Re: Slowly bleeding
Looking at this, the PP would have been totally destroyed in quite a few cases. Some more evidence for geographic diversification.

