AnotherSwede wrote:Eldrinsson,
What did you settle for?
Do you have suggestions for gold ETFs that are allowed? SPDR is no longer.
After thinking and reading and thinking and reading.... I decided not to go for the strict PP at the moment and maybe not even in the future , this because of several reasons:
- I've had a very hard time to to find long-term-bonds that is logically connected to the the Swedish economy/currency (No swedish long term bonds available) and the low-interest-rate environment itself make long-term-bonds questionable if one is starting a porfolio right now - not much leverage left... (Craig wrote: "No juice left VS the risk:
viewtopic.php?f=1&t=8730&hilit=currency ... 36#p155362 )
- The currency issue adds another layer of risk and I've seen examples of the assets not playing their parts well together because of that, there is a Swedish blogger/investor (rikatillsammans.se) that follows the PP portfolio and it had a big "unexplained" drop last year because of currency fluctuations - it simlpy adds another layer of risk that feels unsafe to me....
- The swedish wellfare system + building a good base-level pension from work and state + 12+ months of union safety net in case of unemployment + a big enough personal cash-reserve + good personal and work insurance policys: With all this I feel reasonbly safe that I'm well insured for most personal circumstances or accidents and would not really need the stability "safety-net/ safe-pension" approach of PP to sleep well at night (also pointed out by LazyInvestor earlier in this thread) or to ride out a long bear market.
With all this said, I will however definitely apply some of the principles, i will have bonds in some form, and gold as safetynet for unforseen political disaster/war and hopefully as a asset that can play well in future economic turmoil.
So at the moment my portfolio looks like this: 70/30 Global Stock/Swedish Short-medium-term-bonds, My total amount invested are still quite low (below 100 000Sek/$12000) but when it grows in the coming years I'm thinking about going for something like 70/15/15 - Global Stock / Global bond market (if possible to buy in Sweden) / Gold (mostly physical and a EFT for balancing reasons)
You might wonder why I have bonds at all in the ongoing market - but it is simply my sleep-well-factor - I think I would be to nervous having a 75/25 stock/gold portfolio - So to be able to let go of worrying I have that part.
About your question @AnotherSwede: I haven't found a good way to buy gold right now except physical bullions in other countries or physical and store safely myself. I will simply wait and watch an hope that a good alternative shows up in the coming future. I think in the long run I will go with what I said above - a majority physical storage in a differnt country, and a some in a EFT for portfolio balancing reasons... I'm waiting for the update over at rikatillsammans.se to see what they will suggest for the gold part of their PP portfolio.