Search found 115 matches
- Thu Jun 16, 2022 11:28 am
- Forum: Permanent Portfolio Discussion
- Topic: Bitcoin in the PP?
- Replies: 81
- Views: 27150
Re: Bitcoin in the PP?
A Keynesian and a Monetarist walk into a bar.... Naa, Austrian. "The Austrian school believes any increase in the money supply not supported by an increase in the production of goods and services leads to an increase in prices, but the prices of all goods do not increase simultaneously." Aggregate ...
- Thu Jun 16, 2022 12:27 am
- Forum: Permanent Portfolio Discussion
- Topic: Bitcoin in the PP?
- Replies: 81
- Views: 27150
Re: Bitcoin in the PP?
Technical point...inflation is not more money in circulation, inflation is the prices of actual goods going up. As Japan has proved going on three decades now a lot of money in circulation does not equal inflation. Inflation is an expansion of the money supply. It can show itself in asset price inc...
- Fri May 13, 2022 9:57 pm
- Forum: Permanent Portfolio Discussion
- Topic: Absolutely brutal - 5/5
- Replies: 291
- Views: 50368
Re: Absolutely brutal - 5/5
HB was a fan of free market, Austrian economics. I believe it was Hayek who somewhat predicted Bitcoin - “I don't believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can't take them violently out of the hands of government, all we can do...
- Wed Mar 16, 2022 11:40 pm
- Forum: Permanent Portfolio Discussion
- Topic: Russian PP
- Replies: 4
- Views: 1688
Russian PP
How would it be performing right now? Would you be rebalancing from gold into stocks and bonds?
- Tue Feb 08, 2022 11:58 pm
- Forum: Gold
- Topic: Are The Gold Miners A More Tax Friendly Investment?
- Replies: 7
- Views: 2189
Re: Are The Gold Miners A More Tax Friendly Investment?
mining stocks are so unpredictable. You could have a great mine that's functioning well and then the gov't slaps on some environmental taxes. Or you could have a junk mine that's lying about potential reserves. It's all a big mess and in no way an alternative to owning gold. The miners are one of th...
- Tue Feb 08, 2022 10:04 am
- Forum: Gold
- Topic: Revisiting PMGOLD
- Replies: 6
- Views: 2001
Re: Revisiting PMGOLD
Personally, I prefer the Perth Mint Depository program. Less counterparty risk. https://www.perthmint.com/invest/perth-mint-depository-program/ vs https://www.perthmint.com/invest/perth-mint-gold-ASX-PMGOLD/ Have been using the depository program for years. Absolutely no issues. Interesting. any ex...
- Tue Feb 08, 2022 12:19 am
- Forum: Gold
- Topic: Revisiting PMGOLD
- Replies: 6
- Views: 2001
Re: Revisiting PMGOLD
Personally, I prefer the Perth Mint Depository program. Less counterparty risk. https://www.perthmint.com/invest/perth-mint-depository-program/ vs https://www.perthmint.com/invest/perth-mint-gold-ASX-PMGOLD/ Have been using the depository program for years. Absolutely no issues. Interesting. any ex...
- Mon Feb 07, 2022 1:55 pm
- Forum: Gold
- Topic: Revisiting PMGOLD
- Replies: 6
- Views: 2001
Revisiting PMGOLD
Anyone considered this again? Seems to have much less counterparty risk than other ETFs considering the custodian is Perth rather than these bankers. Seems to be the next best option to physical and would be an easy purchase on the ASX through Interactive Brokers. Am I missing anything? In the scena...
- Mon Feb 07, 2022 12:10 pm
- Forum: Gold
- Topic: Did Bitcoin Kill Gold’s Monetary Utility?
- Replies: 86
- Views: 21351
Re: Did Bitcoin Kill Gold’s Monetary Utility?
BTC is less than 1 trillion market cap. Gold is over 10 trillion. If we generously assume that 50% of bitcoin investment would have otherwise gone into gold, that'd mean what, 5% difference in gold price?
- Fri Feb 04, 2022 8:08 pm
- Forum: Permanent Portfolio Discussion
- Topic: 2nd asset in tax deferred?
- Replies: 17
- Views: 4374
Re: 2nd asset in tax deferred?
I regret that I let bogleheads steer me toward putting bonds in my tax-deferred accounts. I've added stocks for several years now. Especially the Roth IRA but also a Fidelity solo 401K. I don’t know how to do the math between paying the tax on bond payments each year and deferring stock gains tax, ...
- Fri Feb 04, 2022 2:34 pm
- Forum: Permanent Portfolio Discussion
- Topic: 2nd asset in tax deferred?
- Replies: 17
- Views: 4374
Re: 2nd asset in tax deferred?
It's a self employed 401k, so I can buy anything you normally could with a Fidelity account. I also have an inherited IRA that I must withdraw within 10 years.
- Fri Feb 04, 2022 2:18 pm
- Forum: Permanent Portfolio Discussion
- Topic: 2nd asset in tax deferred?
- Replies: 17
- Views: 4374
2nd asset in tax deferred?
I've finally crossed the point where I can hold something alongside bonds in my 401k. I know cash is often suggested, but with stupid low rates, would stocks make more sense?
- Fri Feb 04, 2022 12:36 pm
- Forum: Permanent Portfolio Discussion
- Topic: Retiring in scary environment of 2022: Invest 100% of capital into PP now, or hold cash and deploy slowly to avoid SORR?
- Replies: 33
- Views: 7238
Re: Retiring in scary environment of 2022: Invest 100% of capital into PP now, or hold cash and deploy slowly to avoid S
I tip toed in back in 2016 I think. Bought about 50% portfolio and waited 6 months to buy another 50%. Cost me about 50k in missed gains at the time but it was the only emotionally viable option. And it could just as easily worked out to the good. So why not be more comfortable? It was the more com...
- Fri Feb 04, 2022 10:49 am
- Forum: Permanent Portfolio Discussion
- Topic: Retiring in scary environment of 2022: Invest 100% of capital into PP now, or hold cash and deploy slowly to avoid SORR?
- Replies: 33
- Views: 7238
Re: Retiring in scary environment of 2022: Invest 100% of capital into PP now, or hold cash and deploy slowly to avoid S
I tip toed in back in 2016 I think. Bought about 50% portfolio and waited 6 months to buy another 50%. Cost me about 50k in missed gains at the time but it was the only emotionally viable option. The PP is an emotional commitment, sometimes that means letting the façade of control slowly slip away v...
- Mon Nov 29, 2021 12:36 pm
- Forum: Permanent Portfolio Discussion
- Topic: Dip Buying the PP
- Replies: 5
- Views: 1766
Re: Dip Buying the PP
Maybe set your rebalance bands tighter so you are rebalancing more often, and not necessarily when you emotionally think it's a good time is my suggestion. Like today...stocks look like a good buy, but you never know. There's a whole weekend for this new variant news to get potentially worse. Perso...
- Tue Oct 19, 2021 6:02 pm
- Forum: Permanent Portfolio Discussion
- Topic: Another phase completed!
- Replies: 17
- Views: 7862
Re: Another phase completed!
At some point this grand Permanent Portfolio thinking process will be over and I can then move my thinking focus elsewhere. Vinny I did the same thing - 4 months of study. several Evernote pages filled with notes. The PP is simple to implement but takes a while to accept and grasp. once you do ther...
- Sun Oct 10, 2021 4:50 pm
- Forum: Permanent Portfolio Discussion
- Topic: PP musings
- Replies: 10
- Views: 3405
Re: PP musings
30% cash in a near zero interest rate environment and stated inflation running at over 4% ?? Cash is kind of like an option on future assets, and one has to pay a premium for options. Yeah but with no end in sight to low rates, I have a hard time putting any money into something that is guaranteed ...
- Fri Aug 20, 2021 3:27 pm
- Forum: Variable Portfolio Discussion
- Topic: BTC in the PP
- Replies: 230
- Views: 111282
Re: BTC in the PP
I agree that BTC will inflate less than USD. But time value is based on preferences, and that would depend on the interest rate and expectations of the price vs other currencies or investment options. There are plenty of people who would like to be short BTC right now because they think it’s overval...
- Fri Aug 20, 2021 2:00 pm
- Forum: Variable Portfolio Discussion
- Topic: BTC in the PP
- Replies: 230
- Views: 111282
Re: BTC in the PP
As for BTC in the PP, I think it could be seen as part of a VP in the same way that Tyler views the golden butterfly as a PP with a small cap value VP added to it. The reason is to capture those fleeing dollars for safety from inflation. You can’t argue that BTC doesn’t siphon off that inflation hed...
- Fri Aug 20, 2021 1:52 pm
- Forum: Variable Portfolio Discussion
- Topic: BTC in the PP
- Replies: 230
- Views: 111282
Re: BTC in the PP
Time value of money is a fiat concept. It does not exist as a law of nature….only in a fiat economy. In all honesty I’m not against the fiat economy….to me, hold debt in fiat and wealth in BTC. It’s the perfect recipe! Time value of money is a human fact and has nothing to do with fiat, its directl...
- Wed Jul 14, 2021 8:17 am
- Forum: Permanent Portfolio Discussion
- Topic: HB spotted on 4chan
- Replies: 4
- Views: 2175
Re: HB spotted on 4chan
https://i.imgur.com/9PXJuPh.jpeg Also, Doug Casey mentioned HB in a discussion with Rick Rule this week: https://www.youtube.com/watch?v=pMO603IAmN8&t=1235s I first heard about the PP from Rick Rule. It was a live interview and someone asked his thoughts. He said he liked it and I instantly researc...
- Sun Jun 20, 2021 10:49 am
- Forum: Permanent Portfolio Discussion
- Topic: Guess which asset class has performed best during the past month?
- Replies: 10
- Views: 4068
- Wed Apr 28, 2021 10:04 am
- Forum: Permanent Portfolio Discussion
- Topic: Institutional diversification (Fidelity worries)
- Replies: 22
- Views: 6345
Institutional diversification (Fidelity worries)
I just Inherited an IRA. Fidelity is where the transfer took place, and I’ve had 3 attempts at talking with someone in their ira tax department with no success. Wait times for anyone with knowledge are huge. My concern isn’t the customer service, but that it’s a symptom of poor health fir the compan...
- Wed Mar 03, 2021 1:56 pm
- Forum: Permanent Portfolio Discussion
- Topic: Bitcoin as a complement or alternative to gold in the PP
- Replies: 178
- Views: 54999
Re: Bitcoin as a complement or alternative to gold in the PP
Dude, you're a gem. Keep going.bitcoininthevp wrote: ↑Mon Mar 01, 2021 12:39 pmHere is a nice bitcoin log price chart to match up with the previous one.
The market is speaking, and it's saying Bitcoin.
- Tue Jan 26, 2021 11:02 pm
- Forum: Permanent Portfolio Discussion
- Topic: Adding new funds - advanced
- Replies: 7
- Views: 2917
Adding new funds - advanced
I remember some back testing suggesting that adding funds equally in dollars rather than to the lagging asset first seemed to have better returns.
I would have hit a rebalancing band in March/April lows had I been doing that.
Is this an ok approach, and can anyone point me to the proof?
I would have hit a rebalancing band in March/April lows had I been doing that.
Is this an ok approach, and can anyone point me to the proof?