Bitcoin in the PP?

General Discussion on the Permanent Portfolio Strategy

Moderator: Global Moderator

User avatar
Smith1776
Executive Member
Executive Member
Posts: 1345
Joined: Fri Apr 21, 2017 6:01 pm

Re: Bitcoin in the PP?

Post by Smith1776 » Wed Mar 25, 2020 8:50 pm

How long is the vetting process?

I say at least 100 legit looking posts and at least 50 of them have to be praise for Craig/Tex/PP.
25% KILO.B | 60% VCIP | 15% VVL/VMO/VVO/VLQ | 90 Days of Expenses Bank Cash | 5% of Net Worth Physical Gold & Silver Bullion
User avatar
europeanwizard
Senior Member
Senior Member
Posts: 147
Joined: Sun Jun 04, 2017 4:06 am
Location: The Netherlands, Europe

Re: Bitcoin in the PP?

Post by europeanwizard » Thu Mar 26, 2020 1:34 am

Medolark Lemon wrote:
Wed Mar 25, 2020 6:57 pm
I am honestly curious what the thought process of the risk/reward ratio is of putting 0.5%-1.0% bitcoin in one's portfolio?
Well, I for one think it's a very good idea. The PP provides for this, in some sense. Besides the Permanent Portfolio, it's advised to keep a VP = Variable Portfolio, if you would like to take up other investments.

So if I consider my PP 100%, then my additional VP consists of 2% peer-to-peer lending and 2% Bitcoin.
pmward
Executive Member
Executive Member
Posts: 1177
Joined: Thu Jan 24, 2019 4:39 pm

Re: Bitcoin in the PP?

Post by pmward » Thu Mar 26, 2020 11:15 am

1% allocation is not enough to lose sleep over. Now, it's highly likely that it's not going to continue going up at the rate it has historically, so 1% also might not be enough to move the needle up either. But, I see no reason why someone can't allocate 1% of their portfolio to a moon shot.
User avatar
Medolark Lemon
Junior Member
Junior Member
Posts: 5
Joined: Tue Mar 24, 2020 5:31 pm

Re: Bitcoin in the PP?

Post by Medolark Lemon » Thu Mar 26, 2020 11:33 am

l82start wrote:
Wed Mar 25, 2020 7:23 pm
Medolark Lemon wrote:
Wed Mar 25, 2020 6:57 pm
l82start wrote:
Wed Mar 25, 2020 6:30 pm
or real person sucked in by clickbait asking an honest question? i am going to give benefit of the doubt for a moment. if the account doesn't engage in an actual conversation in a reasonable amount of time i will take care of it...
Real person asking a genuine question lol... I havent really read up on the forum rules so not sure if you aren't allowed to post links.

I am honestly curious what the thought process of the risk/reward ratio is of putting 0.5%-1.0% bitcoin in one's portfolio?
welcome to the forum... no rules against posting links, 98% of the time links on a first post are spam bots, sorry for the suspicion..
my best guess on response to bitcoin in a pp will be "bitcoin in the VP sure go for it" - "it has potential but its to young/new for pp at this point" "RUN AWAY RUN AWAY" " and "love the cripto anarchist non government money side but as an investment not so much" i personally would say 1,2,and 4..
thanks for the response, I can definitely understand the viewpoints
User avatar
Medolark Lemon
Junior Member
Junior Member
Posts: 5
Joined: Tue Mar 24, 2020 5:31 pm

Re: Bitcoin in the PP?

Post by Medolark Lemon » Thu Mar 26, 2020 11:38 am

europeanwizard wrote:
Thu Mar 26, 2020 1:34 am
Medolark Lemon wrote:
Wed Mar 25, 2020 6:57 pm
I am honestly curious what the thought process of the risk/reward ratio is of putting 0.5%-1.0% bitcoin in one's portfolio?
Well, I for one think it's a very good idea. The PP provides for this, in some sense. Besides the Permanent Portfolio, it's advised to keep a VP = Variable Portfolio, if you would like to take up other investments.

So if I consider my PP 100%, then my additional VP consists of 2% peer-to-peer lending and 2% Bitcoin.
Ahh i see, yeah that makes sense. I have seen a couple other people mention a "VP" and didnt know what it meant. I like that idea, have my PP to keep honest and stay away from market timing and then a VP as well as I naturally have always been interested in alternative investments as well (even if it may be sort of a moon shot)
User avatar
pugchief
Executive Member
Executive Member
Posts: 3523
Joined: Tue Jun 26, 2012 2:41 pm
Location: suburbs of Chicago, IL

Re: Bitcoin in the PP?

Post by pugchief » Thu Mar 26, 2020 12:47 pm

If ML is a bot, so am I.
User avatar
dualstow
Executive Member
Executive Member
Posts: 10438
Joined: Wed Oct 27, 2010 10:18 am
Contact:

Re: Bitcoin in the PP?

Post by dualstow » Thu Mar 26, 2020 12:52 pm

pugchief wrote:
Thu Mar 26, 2020 12:47 pm
If ML is a bot, so am I.
So you finally admit it.
pugtron
pugtron
pugbot.jpeg (70.65 KiB) Viewed 422 times
EDIT: resized image
Last edited by dualstow on Thu Mar 26, 2020 2:27 pm, edited 3 times in total.
VENEZUELA: U.K. Judge Rejects Maduro’s Bid for Gold
User avatar
pugchief
Executive Member
Executive Member
Posts: 3523
Joined: Tue Jun 26, 2012 2:41 pm
Location: suburbs of Chicago, IL

Re: Bitcoin in the PP?

Post by pugchief » Thu Mar 26, 2020 1:03 pm

LOL!

I am headed out to meet a potential new pug today. Will be wearing gloves and a mask, but duty calls. If it goes thru, I'll post some pics in the dawg pound thread tomorrow.
User avatar
technovelist
Executive Member
Executive Member
Posts: 5959
Joined: Wed Sep 15, 2010 11:20 pm

Re: Bitcoin in the PP?

Post by technovelist » Thu Mar 26, 2020 1:16 pm

I'd rather add Beanie Babies to the PP.
User avatar
l82start
Global Moderator
Global Moderator
Posts: 2458
Joined: Sun Apr 25, 2010 9:51 pm

Re: Bitcoin in the PP?

Post by l82start » Thu Mar 26, 2020 7:05 pm

technovelist wrote:
Thu Mar 26, 2020 1:16 pm
I'd rather add Beanie Babies to the PP.
i actually know somebody with an extensive beanie baby collection that they inherited from their wife, and who has no idea what to do with it, how much markup can i get for brokering the deal. :D
"Ghislaine Maxwell didn't kill herself"

“The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary.”
Belief is the death of intelligence. As soon as one believes a doctrine of any sort, or assumes certitude, one stops thinking about that aspect of existence
User avatar
technovelist
Executive Member
Executive Member
Posts: 5959
Joined: Wed Sep 15, 2010 11:20 pm

Re: Bitcoin in the PP?

Post by technovelist » Thu Mar 26, 2020 7:22 pm

l82start wrote:
Thu Mar 26, 2020 7:05 pm
technovelist wrote:
Thu Mar 26, 2020 1:16 pm
I'd rather add Beanie Babies to the PP.
i actually know somebody with an extensive beanie baby collection that they inherited from their wife, and who has no idea what to do with it, how much markup can i get for brokering the deal. :D
Got me. That was just a figure of speech. :P
User avatar
vnatale
Executive Member
Executive Member
Posts: 2845
Joined: Fri Apr 12, 2019 8:56 pm
Location: Massachusetts
Contact:

Re: Bitcoin in the PP?

Post by vnatale » Thu Mar 26, 2020 7:38 pm

l82start wrote:
Thu Mar 26, 2020 7:05 pm
technovelist wrote:
Thu Mar 26, 2020 1:16 pm
I'd rather add Beanie Babies to the PP.
i actually know somebody with an extensive beanie baby collection that they inherited from their wife, and who has no idea what to do with it, how much markup can i get for brokering the deal. :D
I'd head to eBay to see what they are worth...

Vinny

Capture.JPG
Capture.JPG (16.22 KiB) Viewed 388 times
"I only regret that I have but one lap to give to my cats."
Post Reply