How many doesn't already have a large % exposure in RE?
A few percent fine art, like Spiderman comics or an antique shotgun or motorcycle, is a decent VP if you like it, no need contaminating the PP.
James Rickards Portfolio
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Re: James Rickards Portfolio
I have just finished reading James Rickard's books. He has, to say the least, an interesting, but compelling, take on the state of the world and its history. I'm not sure what to make of it, to be honest. On the other hand, if you're a Permanent Portfolio user, you'll have assets allocated somewhat similarly to the Rickards portfolio. I think that people in this forum probably don't have as much to worry about as those holding traditional portfolios.
MB
Ruby on Rails rules all
www.allterraininvesting.com
Ruby on Rails rules all
www.allterraininvesting.com
Re: James Rickards Portfolio
hiSmith1776 wrote:I have just finished reading James Rickard's books. He has, to say the least, an interesting, but compelling, take on the state of the world and its history. I'm not sure what to make of it, to be honest. On the other hand, if you're a Permanent Portfolio user, you'll have assets allocated somewhat similarly to the Rickards portfolio. I think that people in this forum probably don't have as much to worry about as those holding traditional portfolios.
which good investment and portfolio ideas you read there?
Re: James Rickards Portfolio
James Rickards is very concerned about digital and paper assets in particular -- at least, that's what my impression of his perspective was. He also seems concerned about assets that have counterparty risk. To him, things that minimize the threat of hacking, repudiation, default, etc. seem to have the most appeal. As such, he likes fine art, gold, real estate, and the like. Although, as a previous poster mentioned, he seems to have relaxed a bit in terms of his dislike for, say, stocks. He also mentions cash as having tremendous optionality, despite its inflation weakness.frugal wrote:hiSmith1776 wrote:I have just finished reading James Rickard's books. He has, to say the least, an interesting, but compelling, take on the state of the world and its history. I'm not sure what to make of it, to be honest. On the other hand, if you're a Permanent Portfolio user, you'll have assets allocated somewhat similarly to the Rickards portfolio. I think that people in this forum probably don't have as much to worry about as those holding traditional portfolios.
which good investment and portfolio ideas you read there?
The great thing for us Permanent Portfolio users is that we don't have to have an opinion on his prognostications or on anyone elses! We have reasonable protection under all economic scenarios.
MB
Ruby on Rails rules all
www.allterraininvesting.com
Ruby on Rails rules all
www.allterraininvesting.com