I don't know if this is acceptable, but fuck yeah!! What happened today? Gold was up, but the whole portfolio looks like it's just cruising along at about -3% for the year so far. It's nice to see you feeling chipper though. If I invest like a contrarian, then I hope to reap the rewards when the eq...

annieB wrote: Budd:

Are you saying you bought a new boat?

No, I'm pleased to see that gold has responded to the decline in the equity and treasury markets. Especially after reading that Soros has dumped a substantial portion of his GLD and GDX holdings. I hold both investments.

I don't know if this is acceptable, but fuck yeah!!

Pointedstick wrote: He doesn't have munis in his PP. They're his VP, and he's contemplating replacing them with cash, shorter-duration munis, or more PP assets.

Thanks PS, that's correct.

Libertarian666 wrote: IMO, Munis are far too dangerous for the PP, which is intended to have assets that, while volatile (other than cash), are very unlikely to go to zero.

You missed the point. Re-read.

I think you already covered the options pretty well. A bond fund with an average maturity of 6-12 years is definitely going to have swings in value that are intolerable for an emergency fund. Any of your three options seem sane to me. According to VG, the average duration and maturity are around 5....

Is the question unclear? I have a portion of my taxable investments in munis, with the balance allocated to the 4x25 PP. I diversified beyond the PP as I was concerned with a DD of 20%. Unfortunately, the IT-TE funds VWIUX is more volatile than I expected. If you were in my position, would you excha...

I am somewhat uncomfortable with the volatility of an IT-TE municipal bond fund and the possible draw down an investor could experience in a rising interest rate environment (as well as in 2008). I consider the investment as Tier 2 of my emergency fund with cash in the PP Tier 1. I have a loss and p...

The PP trails in times of prosperity and more so when interest rates are on the rise and inflation expectations are low. I'm not sure its prudent to change the allocation unless one expects this particular environment to persist. I have considered adding an extended market ETF to complement SPY in a...

Makes sense to me.

Has the Detroit bankruptcy filing persuaded anyone to sell their TE Municipal bond funds? I hold municipal bonds for the taxable portion of funds not currently invested in the PP. I assumed that these bonds were less risky than the PP, but now I am questioning my thought process. YTD they are down m...

My actual Percent is: St  27,52% Lb  26,00% Ch 26,50% Gd 19,97% any other opinion? The new money represents 20% of the existing PP https://encrypted-tbn1.gstatic.com/images?q=tbn:ANd9GcRE2Fu8gNjtW9nmMdcgRPB8cdZ7xKGXRvNCe6Va-OkCiiGW_ooQZg If I was adding 20% to the PP, I would restore all assets to ...

Has anyone considered hedging currency risk in the PP? A rising dollar against other currencies has a negative impact on gold and US equities. I am considering UUP, which rises when the USD gains against a basket of commodities. I held it for two years at a loss. After I finally sold it, it went up...

Has anyone considered hedging currency risk in the PP? A rising dollar against other currencies has a negative impact on gold and US equities. I am considering UUP, which rises when the USD gains against a basket of commodities.

Ooh, are we doing ambiguous posts again? Here's one: =============================== I "hate" the PP.  And buddtholoMEW.  8) P.S. Just "kidding".  :o ;D Tell me you didn't expect a negative post from me after today's decline? I tried not to disappoint, but have learned not to &q...

KevinW wrote: Dude, sometimes you slay me. 

Just messing around fellas. These ups and downs don't really phase me as much as they used to. 

KevinW wrote: Did you wear green during the last couple weeks when the portfolio was consistently going up?

Oh, you mean when the portfolio was working its way back to even. I'll start wearing green when the PP is positive YTD.

Aah...the familiar stench of a substantial decline. I'm wearing red today to match my portfolio screen.

Whats the question? The portion of bonds issued by your state in a national muni fund are not taxable on your state return. VWIUX has approximately 4% of holdings issued by the state of California. You can reduce taxes owed on muni distributions by that amount. So what you're saying is I would have...

Bank earnings have been phenomenal to say the least, yet the overall US market has not reacted accordingly, or have they? Were the likes of Goldman Sachs, Wells Fargo, Citi, etc bid up before their earnings release? I don't have a concentration in financials, but seem to recall the sector rallying o...

Whats the question? The portion of bonds issued by your state in a national muni fund are not taxable on your state return. VWIUX has approximately 4% of holdings issued by the state of California. You can reduce taxes owed on muni distributions by that amount.

*By inflation I mean an increase in the money supply, not that general increase in prices that follows from the increase in the money supply. Is it an increase in the money supply or the circulation of that supply to the masses (velocity)? We haven't witnessed a rise in inflation even with the incr...

If single digit losses are causing this much grief to an investor they need to be in 100% cash at a bank. They should not be investing that money at all. And that advice is for any investment strategy, not just the Permanent Portfolio. Life is too short to worry about this if it is an issue. Its no...

Xan, I feel the same way. If I were to abandon the PP, where else would I invest? Pretty sad when you are locked into a position and have to continue to watch it decline.

My comments were directed to the recent performance of the PP and not the individual PP investor. A few board members have capitulated publicly and I'm sure many have privately. I plan to stay the course, but wonder whether we will have the same conversation years from now. Re-read some of Clive's p...