It is mechanical, MT. I am on my way to a 10% EDV holding to compliment my PRPFX holding. The recent EDV run-up is just helping me get there that much sooner.
MT, I was 90% in the stock market in 2008 when it crashed and I took that long ride down and back up. Watching a properly balanced PP move is like a ballet next to that.
I would do it in light of the fact that PRPFX holds a 10% holding in Swiss Francs, which are now pegged to the Euro. This in my opinion is a game changer for PRPFX. They need to change their allocation so that they have some deflation protection, as a larger holding of TLT or EDV would accomplish. As a large holder of PRPFX, I sold some yesterday and purchased some TLT to go along with my previous EDV holding. I am still waiting for the Permanent Portfolio Fund to answer my recent emails on this subject.
longeyes wrote:
Don't hold your breath; I wrote them a while ago about the same thing. No answer.
The Swiss Frac will ultimately be a wild card. The Japanese do the same nonsense with the Yen, and it's continuted to strengthen against the dollar in spite of everything. I wouldn't worry too much about it, but I would definitely get some long term bond exposure if you position in PRPFX is sizable.
"All men's miseries derive from not being able to sit in a quiet room alone."
Reub wrote:
The EDV has been smoothing out some of my PRPFX losses. Just as MT predicted.
MT for Pres.
Currently holding both PRPFX and HB PP in separate accounts I saw the light last week when the HB PP went down only a little and PRPFX went down a lot. Sure enough EDV would have smoothed it out so I bought some the next day.