Search found 211 matches

by blackomen
Wed Jan 06, 2016 10:32 am
Forum: Other Discussions
Topic: Furthering my financial education
Replies: 22
Views: 11855

Re: Furthering my financial education

If you want to work in the industry, go for CFA.

If you just need advice for managing your own investments, trustworthy forums and blogs are you friend.
by blackomen
Wed Jan 06, 2016 10:29 am
Forum: Permanent Portfolio Discussion
Topic: PP Hedge Fund
Replies: 7
Views: 5021

Re: PP Hedge Fund

Bridgewater's All Weather fund is one of the closest implementations of the PP although I never seen any mention of the PP or Harry Browne in any of the literature they've publicized.
by blackomen
Tue Dec 08, 2015 1:20 pm
Forum: Other Discussions
Topic: Low-cost smart phone plans
Replies: 35
Views: 17813

Re: Low-cost smart phone plans

I use T-Mobile's $30/mo plan with 100 minutes and 5 GB of LTE data per month (in the US.)  This works on any modern unlocked smartphone. You may need a Skype unlimited account (for about $3/mo) if you make a lot of calls.  I tend to use Skype to make all of my outgoing calls and save my 100 minutes...
by blackomen
Sun Dec 06, 2015 10:27 pm
Forum: Other Discussions
Topic: Low-cost smart phone plans
Replies: 35
Views: 17813

Re: Low-cost smart phone plans

I use T-Mobile's $30/mo plan with 100 minutes and 5 GB of LTE data per month (in the US.)  This works on any modern unlocked smartphone. You may need a Skype unlimited account (for about $3/mo) if you make a lot of calls.  I tend to use Skype to make all of my outgoing calls and save my 100 minutes ...
by blackomen
Sun Dec 06, 2015 9:52 pm
Forum: Permanent Portfolio Discussion
Topic: Are you buying, holding, or selling the PP?
Replies: 69
Views: 29488

Re: Are you buying, holding, or selling the PP?

I'm considering switching my tax-exempt and tax-deferred accounts to a variation of Ray Dalio's All-Weather strategy (at least the versions he released to the public.)  Risk parity might be a bit tax inefficient so I'm still sticking with the PP in my taxable accounts.
by blackomen
Sun Dec 06, 2015 9:46 pm
Forum: Permanent Portfolio Funds
Topic: Proposal To Change This Section To "Other Lazy Portfolios"
Replies: 29
Views: 47343

Re: Proposal To Change This Section To "Other Lazy Portfolios"

Up to you guys..  I'm fine with either a separate forum or renaming this to "other lazy portfolios."  The bottom line is, I'm far more interested in discussing other lazy asset allocations rather than the few PP funds out there.
by blackomen
Wed Aug 26, 2015 9:09 am
Forum: Other Discussions
Topic: What's your Myers-Briggs type?
Replies: 10
Views: 5668

Re: What's your Myers-Briggs type?

INTP Boar
by blackomen
Tue Aug 25, 2015 9:59 am
Forum: Permanent Portfolio Discussion
Topic: Speculative Rebalancing
Replies: 20
Views: 11685

Re: Speculative Rebalancing

I'll admit I sometimes engage in speculative rebalancing if the asset over 30% is overbought or under 20% is oversold..  but I'll still respect the rebalancing bands and manually rebalance at 15/35.
by blackomen
Tue Aug 25, 2015 9:54 am
Forum: Permanent Portfolio Discussion
Topic: Why do you use the PP?
Replies: 177
Views: 73622

Re: Why do you use the PP?

IMO, the PP is the closest allocation I've seen to casting a completely neutral view on the economy.  It sounds counter-intuitive but even going 100%, which seems like the default state for many people, is NOT a neutral view.  In that case, you're betting that your cash will outperform all assets an...
by blackomen
Tue Aug 25, 2015 9:40 am
Forum: Permanent Portfolio Discussion
Topic: Black Monday
Replies: 79
Views: 27969

Re: Black Monday

Just like the flash crash half a decade ago although the markets felt a bit more orderly on Monday than that fateful day.
by blackomen
Tue Aug 25, 2015 9:39 am
Forum: Permanent Portfolio Discussion
Topic: Under what circumstances would Permanent Portfolio do poorly?
Replies: 13
Views: 6718

Re: Under what circumstances would Permanent Portfolio do poorly?

The scenario you're envisioning to was referred to as "tight money recession" by Harry Browne. During this time, stocks, bonds, and gold may all simultaneously decline. When this happens, it's not just the PP that suffers: everyone invested in anything not 100% cash gets burned in the sho...
by blackomen
Mon Aug 24, 2015 9:01 pm
Forum: Stocks
Topic: Putting in sell stops below your stock ETFs
Replies: 34
Views: 20460

Re: Putting in sell stops below your stock ETFs

For your variable portfolio, stop losses make sense.

For the permanent portfolio assets, stop losses basically defeat the purpose.
by blackomen
Tue Dec 23, 2014 3:02 pm
Forum: Bonds
Topic: The Bond Dream Room
Replies: 554
Views: 365075

Re: The Bond Dream Room

Murphy's law: the day I make a contribution to my PP, some asset drops the ball..  this time, it's bonds (but thankfully, I added most of my contribution to gold since that was my most underweight asset and I was rebalancing from contributions.)
by blackomen
Wed Dec 10, 2014 1:17 pm
Forum: Permanent Portfolio Discussion
Topic: How much do you keep in cash in a regular bank account?
Replies: 28
Views: 15198

Re: How much do you keep in cash in a regular bank account?

Usually anywhere between $1000 (absolute minimum) to $10,000 (absolute maximum, unless I have a big purchase coming up soon)
by blackomen
Mon Dec 01, 2014 2:48 pm
Forum: Gold
Topic: The GOLD scream room
Replies: 3693
Views: 1740654

Re: The GOLD scream room

A nice bear trap set up on Friday..  shorts must be in a lot of pain today.
by blackomen
Tue Nov 18, 2014 1:53 pm
Forum: Other Discussions
Topic: If each PP component were an RPG class..
Replies: 2
Views: 1870

If each PP component were an RPG class..

I'm thinking more along the lines of Warcraft classes but I guess you can generalize them to all RPGs. Stocks = Wizard/Mage: They can inflict a ton of damage but are also easily killed. LT Treasuries = Soldier: They can absorb a ton of damage and protect the mages against formidable foes. Cash/ST Tr...
by blackomen
Thu Oct 23, 2014 9:36 am
Forum: Permanent Portfolio Discussion
Topic: PP or Buy a new House
Replies: 49
Views: 23440

Re: PP or Buy a new House

Use the NYTimes Buy/Rent Calculator: http://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html?abt=0002&abg=1 Enter something like 8-9% for your expected investment returns (avg PP returns), the annual rate of appreciation of your local real estate (could be anywhere from 5-10%), h...
by blackomen
Thu Oct 23, 2014 9:30 am
Forum: Permanent Portfolio Discussion
Topic: Asset dependent rebalancing bands
Replies: 11
Views: 7633

Re: Asset dependent rebalancing bands

Cash will hit rebalancing bands more often than you think if you make regular contributions..  or what I usually do is just buy the most lagging asset each time.
by blackomen
Thu Oct 23, 2014 9:16 am
Forum: Gold
Topic: Again with the old nonsense about gold being inedible!
Replies: 11
Views: 6771

Re: Again with the old nonsense about gold being inedible!

I'm open to engaging in an intelligent debate with Gold naysayers, but to hear the same old regurgitated excuses (like "you can't eat gold") leaves me quite disheartened.
by blackomen
Wed Oct 15, 2014 3:14 pm
Forum: Permanent Portfolio Discussion
Topic: Why everyone needs a permanent portfolio
Replies: 21
Views: 8536

Re: Why everyone needs a permanent portfolio

I work for an investment firm so we have to disclose our personal trades to comply with the law.  My boss had to remind me in recent days to disclose my trades and I told him I didn't make any.  He's perplexed, saying it's suicidal not to go all cash now.  ... I'd say give him a copy of the pp book...
by blackomen
Mon Oct 13, 2014 4:15 pm
Forum: Permanent Portfolio Discussion
Topic: Why everyone needs a permanent portfolio
Replies: 21
Views: 8536

Re: Why everyone needs a permanent portfolio

Wow.  That's also a good reminder that everyone needs to learn how to invest their own money and not blindly trust the "experts". [img width=400]http://mediacdn.snorgcontent.com/media/catalog/product/s/t/standbackkid_fullpic_artwork.jpg[/img] In an industry where most (though not all) &qu...
by blackomen
Mon Oct 13, 2014 12:10 pm
Forum: Permanent Portfolio Discussion
Topic: USD Strength and the PP
Replies: 25
Views: 14499

Re: USD Strength and the PP

My "PP" implementation (if you can even call it a PP) is: 25% SPY and VTI 25% GLD 25% TLT 25% UUP (I intend to gradually phase UUP out to SHY as interest rates rise) Can you explain your thought process please? Instead of collecting negligible interest payments from SHY, I'd rather specul...
by blackomen
Mon Oct 13, 2014 10:04 am
Forum: Permanent Portfolio Discussion
Topic: USD Strength and the PP
Replies: 25
Views: 14499

Re: USD Strength and the PP

My "PP" implementation (if you can even call it a PP) is:

25% SPY and VTI
25% GLD
25% TLT
25% UUP (I intend to gradually phase UUP out to SHY as interest rates rise)
by blackomen
Mon Oct 13, 2014 9:13 am
Forum: Permanent Portfolio Discussion
Topic: Why everyone needs a permanent portfolio
Replies: 21
Views: 8536

Re: Why everyone needs a permanent portfolio

I work for an investment firm so we have to disclose our personal trades to comply with the law.  My boss had to remind me in recent days to disclose my trades and I told him I didn't make any.  He's perplexed, saying it's suicidal not to go all cash now.  His words were something like "if you'...