The permanent portfolio is not for me

General Discussion on the Permanent Portfolio Strategy

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lordmetroid
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The permanent portfolio is not for me

Post by lordmetroid » Fri Nov 13, 2015 4:49 am

I have tried to keep a permanent portfolio for the last year and I have concluded it is not a portfolio that suits me. I am unable to sit idle and am always poking and tuning. Which does more harm than good for a permanent portfolio strategy.
Last edited by lordmetroid on Fri Nov 13, 2015 6:44 am, edited 1 time in total.
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ochotona
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Re: The permanent portfolio is not for me

Post by ochotona » Fri Nov 13, 2015 7:01 am

I think it's good to split one's assets between active and passive. That way you can stay engaged and feel that you're making a difference. The passive portion is in case you're not making a difference, but actually harming! (a bet against yourself).
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buddtholomew
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Re: The permanent portfolio is not for me

Post by buddtholomew » Fri Nov 13, 2015 8:44 am

Have you decided on your new asset allocation?
"The first principle is that you must not fool yourself and you are the easiest person to fool" --Feynman.
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AdamA
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Re: The permanent portfolio is not for me

Post by AdamA » Fri Nov 13, 2015 11:37 am

I hope you keep posting anyway.

Lordmetroid is the best screen name ever.
"All men's miseries derive from not being able to sit in a quiet room alone."

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TennPaGa
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Re: The permanent portfolio is not for me

Post by TennPaGa » Fri Nov 13, 2015 1:11 pm

AdamA wrote: I hope you keep posting anyway.

Lordmetroid is the best screen name ever.
I concur with your first point. 

But on your second point, I counter with:

Image
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MediumTex
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Re: The permanent portfolio is not for me

Post by MediumTex » Sat Nov 14, 2015 12:54 am

AdamA wrote: I hope you keep posting anyway.

Lordmetroid is the best screen name ever.
I agree.

Good luck with whatever allocation you decide on.
Only strength can cooperate. Weakness can only beg.
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lordmetroid
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Re: The permanent portfolio is not for me

Post by lordmetroid » Sat Nov 14, 2015 3:47 am

buddtholomew wrote: Have you decided on your new asset allocation?
I will try to the dual momentumstrategy, it seems more suitable for someone with my personality.
AdamA wrote: I hope you keep posting anyway.

Lordmetroid is the best screen name ever.
I will be here, this forum is awesome, thank you.
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ochotona
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Re: The permanent portfolio is not for me

Post by ochotona » Sat Nov 14, 2015 7:27 am

Look at Mebane Faber's papers, downloadable for free from SSRN. If you read them, the Ivy Portfolio book is redundant. I am giving that strategy a go. Also building a small taxable PP on the side as an emergency & retirement fund.
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mathjak107
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Re: The permanent portfolio is not for me

Post by mathjak107 » Sat Nov 14, 2015 7:57 am

if you have intentions of using the pp as a bridge portfolio in retirement if delaying ss be careful .

as an example i am living off my portfolio now while delaying . if we have an extended downturn and i blow through the cash , the next line of defense to refill cash is my short to intermediate term bond funds . the last thing i would want as a 2nd line of defense is bonds that can be more volatile if rates rise then the stocks i am trying to delay selling .

because you may wan to spend down that bridge portfolio possibly in an order of volatility to buy time in this case  it is important to not have assets with all the same volatility levels .

in the long term bucketizing , the order you spend vs pulling equally from the pie does not matter , it equals out . short term may not work out so well in that regard  so you may want to be able to have buckets that step up in volatility so the most volatile get spent last in the short term bridge portfolio ..
Last edited by mathjak107 on Sat Nov 14, 2015 9:11 am, edited 1 time in total.
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AdamA
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Re: The permanent portfolio is not for me

Post by AdamA » Sat Nov 14, 2015 9:07 am

TennPaGa wrote:
AdamA wrote: I hope you keep posting anyway.

Lordmetroid is the best screen name ever.
I concur with your first point. 

But on your second point, I counter with:

Image
Although that is an excellent screen name, it relies heavily on the icon.  Lordmetroid, in  my opionion, is better if only using text to judge.

Also, let's not forget about kobe1, who I think had a picture of kobe bryant with a lightsaber as his icon at one point. 

Not a lot of Jedi on the forum any more.  I feel a disturbance in the Force. 
"All men's miseries derive from not being able to sit in a quiet room alone."

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dualstow
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Re: The permanent portfolio is not for me

Post by dualstow » Sat Nov 14, 2015 9:19 am

But Jedi was a nice pun on Jed, whereas Kobe is not. Unless there's some obscure Star Wars character that a casual fan like me would miss.
Oh, Kobe1, Obi Wan. I get it, I get it. Nice.  :)
Unlike its synonyms, rarely used of a combination for evil
- etymology of “alliance”
finster869
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Re: The permanent portfolio is not for me

Post by finster869 » Sat Nov 14, 2015 9:34 am

To each their own, but sounds like capitulation to me..........A turn in gold must be approaching.
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