Search found 79 matches

by tarentola
Thu Dec 08, 2016 8:30 am
Forum: Bonds
Topic: Maximum Bond Upside
Replies: 231
Views: 59270

Re: Maximum Bond Upside

This is the common "bullet vs. barbell" debate. Both seem to work OK if you are just looking at CAGR, but I believe that the cash portion of the barbell offers certain advantages. For example, if you include all your assets in your PP and you have a cash position of 25% (or whatever), that portion ...
by tarentola
Thu Dec 08, 2016 12:59 am
Forum: Bonds
Topic: Maximum Bond Upside
Replies: 231
Views: 59270

Re: Maximum Bond Upside

Long bonds in the PP worked very well in recent years in countering market dips. I am still reluctant to add to my long bonds at the moment because of the risk of rising rates. I did a comparison of two PPs in Portfolio Visualizer, a conventional PP with long bonds and another with intermediate bond...
by tarentola
Tue Dec 06, 2016 10:26 am
Forum: Bonds
Topic: Maximum Bond Upside
Replies: 231
Views: 59270

Re: Maximum Bond Upside

I have a dilemma a bit like duchtraffic's earlier on in the thread. I am in Euroland and have a Euro PP and a VP, as well as a high-yield portfolio. Now that I am retired, I have finally accepted that I am not good at speculation. I want to abandon the VP and include its contents in the PP where pos...
by tarentola
Thu Apr 28, 2016 6:44 am
Forum: Variable Portfolio Discussion
Topic: Mechanism for regular withdrawals from the VP
Replies: 0
Views: 1434

Mechanism for regular withdrawals from the VP

From the PP, withdrawing is straightforward: the cash reserve is built in. The subject of withdrawals from the PP has been discussed several times in this forum, notably in a thread that is unfortunately in the "Other Discussions" section: http://gyroscopicinvesting.com/forum/other-discussions/is-th...
by tarentola
Fri Jun 12, 2015 2:23 am
Forum: Stocks
Topic: European PP: Investing in U.S. stocks too?
Replies: 33
Views: 11075

Re: European PP: Investing in U.S. stocks too?

Thanks MG. I considered VT but its composition is not unlike what I have at the moment. From Vanguard's site, VT composition is (my figures in parentheses):   9.40% Emerging Markets (12%)   22.10% Europe (24%)   14.20% Pacific (26%)   0.20% Middle East (0%)   54.10% North America (38%) So again not ...
by tarentola
Thu Jun 11, 2015 5:08 am
Forum: Stocks
Topic: European PP: Investing in U.S. stocks too?
Replies: 33
Views: 11075

Re: European PP: Investing in U.S. stocks too?

I am a Euro investor and am converting some existing holdings to a PP. At present I hold the following Euro stock ETFs, all traded in Paris, in the following percentages of the stock component of the portfolio: CEU: MSCI Europe 24% SP5: S&P 500 12% TPXH: Japan hedged in Euros 26% UST: Nasdaq 26% LEM...
by tarentola
Mon Jan 05, 2015 4:20 am
Forum: Permanent Portfolio Discussion
Topic: 2014 PP performance
Replies: 43
Views: 10774

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: 6713

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: 6713

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: 6713

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: 1892

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: 22
Views: 7032

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...