Search found 100 matches
- Sun Apr 12, 2020 3:54 pm
- Forum: Permanent Portfolio Discussion
- Topic: Most Secure Way to Reasonable Hold PP Assets??
- Replies: 24
- Views: 12301
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...
- Sun Apr 12, 2020 11:00 am
- Forum: Permanent Portfolio Discussion
- Topic: New to Permanent Portfolio
- Replies: 45
- Views: 30967
Re: New to Permanent Portfolio
Yes, that is my understanding of it as well. HB suggested rebalancing at 15% or 35% of the portfolio, so +/- 40% rather than +/-20%.So, 20% would mean 20-30% for each asset class right? Quite a bit narrower from what HB recommended.
- Sun Apr 12, 2020 4:05 am
- Forum: Permanent Portfolio Discussion
- Topic: New to Permanent Portfolio
- Replies: 45
- Views: 30967
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...
- Wed Mar 25, 2020 5:34 am
- Forum: Permanent Portfolio Discussion
- Topic: Asset Allocation in the Most Painful Month
- Replies: 31
- Views: 14170
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...
- Tue Mar 24, 2020 9:37 am
- Forum: Permanent Portfolio Discussion
- Topic: Asset Allocation in the Most Painful Month
- Replies: 31
- Views: 14170
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...
- Tue Mar 24, 2020 3:51 am
- Forum: Permanent Portfolio Discussion
- Topic: EU-PP and PPeers
- Replies: 13
- Views: 7123
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...
- Mon Mar 23, 2020 6:04 am
- Forum: Permanent Portfolio Discussion
- Topic: EU-PP and PPeers
- Replies: 13
- Views: 7123
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...
- Mon Feb 03, 2020 1:32 pm
- Forum: Bonds
- Topic: Maximum Bond Upside
- Replies: 278
- Views: 161387
Re: Maximum Bond Upside
I’m not sure what you are challenging, the fact that LTTs will respond best in a period of falling rates? The central tenet of the PP that I am challenging is that LTTs are the best bonds to use, due to their volatility. The backtesting I did indicates that LTTs are the best PP bonds only when inte...
- Sun Feb 02, 2020 7:09 am
- Forum: Bonds
- Topic: Maximum Bond Upside
- Replies: 278
- Views: 161387
Re: Maximum Bond Upside
Vinny Thanks for reviving this thread. This topic is more relevant than ever I guess. 1. A full three years later, after both this and your prior analysis, what have you been deciding to do during these past three years? For my PP, I ended up in a compromise, buying some medium and some long. 3 Jan ...
- Wed Jan 01, 2020 3:59 pm
- Forum: Permanent Portfolio Discussion
- Topic: 2019 Permanent Portfolio Results
- Replies: 18
- Views: 8735
Re: 2019 Permanent Portfolio Results
My Euro PP of individual Euro HY shares, 15Y+ govt bond ETF, gold ETC and cash: +18%. Some of my Euro shares came good after years of underperformance, notably the bank Société Générale and the pharma Sanofi. Vanilla 4x25% Euro PP . ETFs traded in Paris, Google Finance symbols: EPA:CEU 21.61% MSCI ...
- Tue Dec 10, 2019 9:09 am
- Forum: Permanent Portfolio Discussion
- Topic: New Member and Permanent Portfolio Novice. Asking for help
- Replies: 15
- Views: 7596
Re: New Member and Permanent Portfolio Novice. Asking for help
SilentStoic I used to be in a similar position, with a number of possibly ill-chosen stocks and bonds and no clear strategy. The good thing is, I have cash. I need to buy more bonds and gold. So I need to figure out what is the total holdings, and buy some gold and bonds while leaving the rest in ca...
- Wed Nov 13, 2019 8:39 am
- Forum: Permanent Portfolio Discussion
- Topic: What is your current portfolio?
- Replies: 35
- Views: 27353
Re: What is your current portfolio?
I am in the Eurozone. Retired, so even my VP (20% of total) is pretty conservative. 1. PP 4x25% Stocks 50% individual Euro dividend shares (Sanofi, Vinci, Red Electrica, Renault, Air Liquide etc) 25% German Dax ETF (DAX from Lyxor) 12.5% each Nasdaq and Emerging Markets ETFs (ANX and AEEM from Amund...
- Thu Sep 05, 2019 3:08 pm
- Forum: Permanent Portfolio Discussion
- Topic: Portfolio for European investor
- Replies: 5
- Views: 6805
Re: Portfolio for European investor
Yes, this year gold in Europe (GBS) has gained 19%, while gold in the US (GLD) has gained 15%. So this year at least, gold is doing ok.
- Thu Sep 05, 2019 2:56 pm
- Forum: Permanent Portfolio Discussion
- Topic: EU PP 2016-2019
- Replies: 16
- Views: 12015
Re: EU PP 2016-2019
For info again: Amundi started a gold ETC last May. Perhaps of interest to European PP investors as Amundi is owned by Crédit Agricole, which is the biggest bank in France and so relatively secure. Backed by physically allocated gold, held by HSBC.
- Thu Sep 05, 2019 11:57 am
- Forum: Variable Portfolio Discussion
- Topic: A bond yield-based asset rotation strategy for the PP
- Replies: 0
- Views: 11329
A bond yield-based asset rotation strategy for the PP
Can anyone help me to understand this article : https://seekingalpha.com/article/4283733-simple-rules-based-asset-rotation-strategy. Without mentioning the Permanent Portfolio, the article describes a timing system to decide which of the three PP components SPY, TLT and GLD to buy. The back-tested r...
- Sat Aug 10, 2019 10:36 am
- Forum: Permanent Portfolio Discussion
- Topic: EU PP 2016-2019
- Replies: 16
- Views: 12015
Re: EU PP 2016-2019
For info: since 1 January, a vanilla Euro PP of CEU, MTH, GBS and C13, all traded in Paris, is up 12.4%. A vanilla US dollar PP (SPY, TLT, GLD, SHY) is up 10.8%. EUR/USD rate is virtually unchanged since 1 January.
- Mon Feb 04, 2019 7:03 am
- Forum: Permanent Portfolio Discussion
- Topic: 2018 Results Post Here
- Replies: 26
- Views: 17161
Re: 2018 Results Post Here
FTSE MTS Eurozone Government Bond IG 25Y+ (Mid Price) Index. Sold by Lyxor, traded in Paris. ISIN LU1686832194.
https://www.boursorama.com/bourse/track ... rs/1rTMTH/
https://www.boursorama.com/bourse/track ... rs/1rTMTH/
- Sun Feb 03, 2019 1:29 pm
- Forum: Permanent Portfolio Discussion
- Topic: 2018 Results Post Here
- Replies: 26
- Views: 17161
Re: 2018 Results Post Here
My Euro PP: -1.41% A generic Euro PP of four ETFs: CEU -12.14% MSCI Europe Index MTH 5.29% 25+year bonds GBS 3.09% Gold C13 -0.33% 1-3 year bonds Combined -1.02% Interesting that the best performer in Europe was long bonds, which many people (including me) thought should be abandoned because of risi...
- Sun Feb 03, 2019 5:35 am
- Forum: Cash
- Topic: How to withdraw cash in retirement?
- Replies: 11
- Views: 16051
Re: How to withdraw cash in retirement?
Thanks for the replies. For the first quarter of this year, I estimated the amount I would need for spending in Jan-Mar, and transferred a top-up from the PP to my checking account to complement the pension money I expect to receive in those three months. I will see how it looks on 1 April and adjus...
- Mon Dec 24, 2018 1:44 am
- Forum: Cash
- Topic: How to withdraw cash in retirement?
- Replies: 11
- Views: 16051
Re: How to withdraw cash in retirement?
That helped reinforce thinking about money once a year and spending the rest of my time enjoying retirement. :) Tyler: thanks, that is a useful idea. Recently I had to spend a lot of time and paperwork organising the payment of state and private pensions, so I would particularly like to stop thinki...
- Sun Dec 23, 2018 5:41 am
- Forum: Cash
- Topic: How to withdraw cash in retirement?
- Replies: 11
- Views: 16051
How to withdraw cash in retirement?
I have held a Permanent Portfolio for a several years and the time has come for me to draw on it. Up to now, all my cash reserve was in the PP in a short bond ETF and a bank deposit account. I use a current or checking account from the same bank for day-to-day expenses. To draw on the PP, I intend t...
- Tue Oct 23, 2018 3:32 am
- Forum: Permanent Portfolio Discussion
- Topic: Purpose of the PP
- Replies: 152
- Views: 76517
Re: Purpose of the PP
Primary is Euro PP: 60% of savings
Also dividend growth portfolio: 25%
and Merriman-type multi-asset: 15%
Having several porfolios is just a way of diversifying, as different strategies do better at different times.
Also dividend growth portfolio: 25%
and Merriman-type multi-asset: 15%
Having several porfolios is just a way of diversifying, as different strategies do better at different times.
- Mon Oct 01, 2018 8:13 am
- Forum: Permanent Portfolio Discussion
- Topic: 2 PP Portfolios, 6 months performance
- Replies: 39
- Views: 19888
Re: 2 PP Portfolios, 6 months performance
Since 1 Jan: My Euro PP (includes blue chip shares so not completely conventional): -1.23% Conventional Euro PP which I track for comparison (25% each ETFs CEU, MTH, GBS, C13): -1.19% Similar to the US PPs. Gold in Euros is -7% since 1 Jan and the Euro is down relative to the dollar so the Euro pric...
- Wed Sep 05, 2018 3:21 am
- Forum: Permanent Portfolio Discussion
- Topic: European PP
- Replies: 11
- Views: 8298
Re: European PP
Shaymor I have been running a European PP for a while, also in France. I cannot say the results are good this year. For example, year to date: 1. My PP. This contains individual French blue chips and a DAX ETF: -1.3%. A paper four-ETF PP of CEU, MTH, GBS and C13 (similar to yours) which I follow for...
- Sun Mar 11, 2018 3:46 am
- Forum: Stocks
- Topic: Dividend Growth Investing
- Replies: 42
- Views: 50663
Re: Dividend Growth Investing
A recent article on Seeking Alpha which provides a good classification of dividend growth shares to consider:
https://seekingalpha.com/article/415331 ... wth-stocks
https://seekingalpha.com/article/415331 ... wth-stocks