Search found 73 matches

by tarentola
Mon Jan 05, 2015 4:20 am
Forum: Permanent Portfolio Discussion
Topic: 2014 PP performance
Replies: 43
Views: 10258

Re: 2014 PP performance

Some Euro figures:

IMEU Euro shares +8.3%
IBGL Euro 15-30y bonds +26.6%
GBS Gold +1.5%
IBGS Euro 1-3y bonds +1.8%

Average = 9.6%, very close to USA figure.
by tarentola
Mon Nov 24, 2014 12:03 pm
Forum: Permanent Portfolio Discussion
Topic: EU-PP is still valid?
Replies: 18
Views: 6426

Re: EU-PP is still valid?

Frugal My mistake. I have corrected my earlier post where I had mistakenly used my "since inception" figure instead of my 2013 figure. My PP lost about 3% in 2013, thanks to gold's losing over 25%. Your figure of +5% over two years is right, giving a CAGR of less than 2.5% over the two years. Regard...
by tarentola
Sun Nov 23, 2014 12:22 pm
Forum: Permanent Portfolio Discussion
Topic: EU-PP is still valid?
Replies: 18
Views: 6426

Re: EU-PP is still valid?

ILoveMoney Thanks for the reply. I agree with you about currency swings - I have been caught in the past with a sterling drop against the Euro. To answer your question: for a US stocks fund like an SP500 fund, I would not bother hedging as it would be only part of my equity section, and I can just a...
by tarentola
Sat Nov 22, 2014 5:36 am
Forum: Permanent Portfolio Discussion
Topic: EU-PP is still valid?
Replies: 18
Views: 6426

Re: EU-PP is still valid?

Frugal My Euro PP (IMEU, IBGL, PHGP, IBGS) is up 8.4% this calendar year.  Did well in the last few weeks: it was a lot less (5.5% for this year) last month. [Revision 24.11.14: It was down about 3% in 2013. That fits with your figure of 5% over two years.] Year-to-date figures from Boursorama.com: ...
by tarentola
Sun Dec 30, 2012 1:55 pm
Forum: Variable Portfolio Discussion
Topic: VP's - one more to work with our PP
Replies: 5
Views: 1744

Re: VP's - one more to work with our PP

Frugal
For Euro REITs, there is also EEP and C8R.
Tarentola
by tarentola
Fri Nov 23, 2012 4:50 am
Forum: Variable Portfolio Discussion
Topic: Making Variable Portfolio complementary to Permanent Portfolio
Replies: 23
Views: 6764

Re: Making Variable Portfolio complementary to Permanent Portfolio

I am sure there are others here better qualified to reply but here goes. Commodities, particularly precious metals, are considered a store of absolute value. For example, if the dollar fell relative to the euro, the price of silver in dollars would rise. The price of silver in euros would not change...
by tarentola
Wed Nov 21, 2012 2:43 pm
Forum: Variable Portfolio Discussion
Topic: Making Variable Portfolio complementary to Permanent Portfolio
Replies: 23
Views: 6764

Re: Making Variable Portfolio complementary to Permanent Portfolio

Silver and other commodities are formally priced in dollars but are largely currency-independent. For US bonds, there will of course be currency risk, and as a Euro investor I would invest only a small percentage of my bond allocation in them.
by tarentola
Sun Nov 18, 2012 5:00 am
Forum: Variable Portfolio Discussion
Topic: Making Variable Portfolio complementary to Permanent Portfolio
Replies: 23
Views: 6764

Re: Making Variable Portfolio complementary to Permanent Portfolio

Frugal If you compare the performances of VDMIX and VEIEX over the last 10 years (on Yahoo for example) you will see that there is some correlation, but  VEIEX has done a lot better (+150% to -5%) and is more volatile. I do not see what benefit VDMIX would add, and I would replace it by another asse...
by tarentola
Wed Nov 14, 2012 4:17 am
Forum: Variable Portfolio Discussion
Topic: Making Variable Portfolio complementary to Permanent Portfolio
Replies: 23
Views: 6764

Re: Making Variable Portfolio complementary to Permanent Portfolio

Thanks for the replies and sorry for the lateness of this reply, due to travelling. There is a 2009 study “Strategic Asset Allocation: Determining the Optimal Portfolio with Ten Asset Classes”? (Electronic copy available at: http://ssrn.com/abstract=1368689).  The authors attempt to evaluate which a...
by tarentola
Thu Oct 25, 2012 2:49 am
Forum: Stocks
Topic: Merriman's style for equity part of PP
Replies: 9
Views: 3981

Re: Merriman's style for equity part of PP

Craig In the context of the Variable Portfolio discussion http://gyroscopicinvesting.com/forum/http://77.104.139.218/~gyroscop/phpBB3/viewtopic.php?t=3 : apart from the four PP assets, what would you say are the major investable classes in the market that are worth considering?  I can think of REIT,...
by tarentola
Thu Oct 11, 2012 2:39 am
Forum: Variable Portfolio Discussion
Topic: Making Variable Portfolio complementary to Permanent Portfolio
Replies: 23
Views: 6764

Re: Making Variable Portfolio complementary to Permanent Portfolio

Thanks for the replies. Jake – Of course you might want to speculate in gold if you though it was about to shoot up. I was thinking a bit longer-term: a strategy for people who were not content with exposure to only the PP assets but wanted exposure to the rest of the market as well, as opposed to “...
by tarentola
Wed Oct 10, 2012 7:30 am
Forum: Variable Portfolio Discussion
Topic: Making Variable Portfolio complementary to Permanent Portfolio
Replies: 23
Views: 6764

Making Variable Portfolio complementary to Permanent Portfolio

The Permanent Portfolio holder is convinced that the PP assets will on aggregate increase in value in the long term. Why include any of the same assets in a VP, only to buy and sell them in the shorter term? To avoid duplication, the VP should be complementary to the PP, ie do something that the PP ...