Can you generate the same chart using Wellesley and a pinch of gold say 10-20%? Here's an older thread with several charts (including the WRs) for that portfolio. If you squint, 80% Wellesley and 20% Gold looks a lot like the Permanent Portfolio structurally and acts a lot like the Golden Butterfly...

Any ideas? Could do a lot worse than simply using the Wellesley Fund. I'm not really an actively-managed mutual fund kinda guy, but if I had to choose 1 fund for my money I'd pick the Vanguard Wellesley fund. And it's what I recommend to people who just want to put their money in one place and not ...

I appreciate the kind words. Forums like this one taught me a lot over the years, and I'm always happy to give back.

BTW, if you like Animal Spirits, be sure to also check out the wider Ritholtz team discussions on The Compound.

My specific desire for understanding is real returns for cash accounts. When we had high inflation in the past, were savings account yielding negative 5% real return? No. Believe it or not, even as inflation in the US spiked well into double digits in the late 70s and early 80s, Tbills lagged infla...

It comes down to index definitions. In terms of size, here's a chart that shows the market coverage for each of the 3 indices. Note that VBR follows CRSP. https://i2.wp.com/portfoliocharts.com/wp-content/uploads/2020/02/cap_comparison.png?w=640&ssl=1 As you can see, the S&P Smallcap 600 cove...

I've always found that taking the time to organize your thoughts clearly enough to publish them on a website is a really rewarding way to explore the things you find most interesting. So starting one is a great idea. Personally, I use a combination of Wordpress for the site and Excel for the interac...

Just a quick query. Was wondering how to best model a portfolio containing hedged international bonds. For example, if you live in Australia and wanted to model 50/50 Developed World TSM & Dev World IT, would setting the home country to USA give a more accurate result due to the currency hedge?...

Kevin K. wrote: ↑Thu May 13, 2021 9:33 am Regarding the Wellesley/Gold combo: historically (and admittedly it's a brief one since GLD debuted in 2004)...

I've got your back.

https://gyroscopicinvesting.com/forum/v ... 33#p169763

doodle wrote: ↑Fri Apr 30, 2021 12:01 pm Haven't heard how he proposes actually putting those into practice....

...Investing through his asset management firm that just happens to specialize in those particular assets.

I've personally always had the bulk of my money at Fidelity and have had nothing but great experiences with them. To be fair, I've only needed to speak to someone maybe once or twice in the past 10 years. And while I had no wait, perhaps I was lucky or they've changed over time. But I will say that ...

Actually unless you are in the zero capital gains tax bracket as little as a 2% dividend over the long term wipes out the lower capital gains rates and fund turnover makes it even worse in the taxable account That's true. But it's helpful to keep in mind that the 0% tax bracket for long-term capita...

I Shrugged wrote: ↑Sat Apr 17, 2021 10:00 am None of these are Fort Knox.

Getting some ideas?

So 1970 was not one of the worst outcome time frames for a retiree spending down if you are trying to find the worst outcome to measure pass or fail I totally agree. I'm not talking about only looking at retirements starting in 1970. I'm talking about looking at every retirement year since 1970. Th...

That is with 60/40 and counting the time frames starting dates which were much worse than starting in 1970 for spending down in I respect your perspective, Mathjak, but the data doesn't support this statement. The difference between starting a withdrawal rates study for a 60/40 portfolio in 1870 an...

Tyler , I am not getting a paste option where you drop the code ..it is giving only a copy option where the code should be pasted Yeah, it requires a keyboard shortcut. I wish I could enable the normal right click paste, but unfortunately that's out of my control. Copy the text. Double-click the bl...

In this current environment, What percentage withdrawal do feel is safe to maintain principle going forward in the classic HBPP? You can try playing around with this tool to understand how different withdrawal strategies would have handled all of the different historical retirement periods I have d...

Here's how I generally do it: 1. Turn off automatic reinvestment of funds and let the dividends and interest collect in your brokerage cash account. 2. During your annual rebalance, plan on taking out 1 year of expenses. If the cash that has already collected doesn't cover it, set aside some of your...

vnatale wrote: ↑Wed Mar 31, 2021 5:28 pm Is your Luka D going to torture we Celtics fans again tonight???!!

It looks like the answer is yes.

This is how I imagine most Celtics fans feel right now:

Fun fact -- the author is a member here and talked about it last year.

viewtopic.php?f=1&t=10830

ppnewbie wrote: ↑Fri Mar 26, 2021 1:45 am The analogy about the individual bullets not causing harm because Neo understood the big picture was profound.

I imagine your comment is probably meant for this similarly-titled thread, but thanks! I do like how it captures the right mindset.

Another excellent perspective on Dalio: https://awealthofcommonsense.com/2021/03/ray-dalio-the-power-of-setting-defaults-for-optimism/ That's really good. Thanks for sharing! Ben Carlson is definitely one of the better investing writers out there, IMO. I really appreciate his balanced perspective.

Can this also be applied to the recently discussed Jeremy Grantham interviews or no? I mean, bright guy/no slouch/ not necessarily wrong ✓ The bubble is going to burst any time now ✓ Only emerging value looks cheap ✓ I happen to have emerging value funds for sale ✓ Yep. And it also applies to the &...

I respect Dalio a lot, but I'd be remiss if I didn't point out that he's also a salesman. You can see it all the way up in the first paragraph: These extremely low or nonexistent yields do not meet these asset holders’ funding needs. For example, pension funds, insurance companies, sovereign wealth ...

As the end of Thursday's Celtics postgame show Brian Scalabrine stated that Porzingis fits the profile of someone that Danny Ainge goes after. We shall see! It does seem like Boston could use a change, but Ainge has the same reputation among other GMs as that guy in your fantasy football league who...

Most people tend to hang out , high five and support only those who support their view ....they never spend time really getting in to the enemies camp ..they never really understand the negatives the other side sees because they never sleep with the enemy . When one fully understands the enemy’s si...