The Vinny Portfolio

Other discussions not related to the Permanent Portfolio

Moderator: Global Moderator

Post Reply
User avatar
dualstow
Executive Member
Executive Member
Posts: 14225
Joined: Wed Oct 27, 2010 10:18 am
Location: synagogue of Satan
Contact:

The Vinny Portfolio

Post by dualstow » Sun Oct 17, 2021 4:57 pm

Vinny, what's your current, pre-pp portfolio?

And please sign your name Vinny so we know it's you.
RIP Marcello Gandini
User avatar
vnatale
Executive Member
Executive Member
Posts: 9422
Joined: Fri Apr 12, 2019 8:56 pm
Location: Massachusetts
Contact:

Re: The Vinny Portfolio

Post by vnatale » Sun Oct 17, 2021 5:35 pm

dualstow wrote:
Sun Oct 17, 2021 4:57 pm

Vinny, what's your current, pre-pp portfolio?

And please sign your name Vinny so we know it's you.


Many thanks for asking me to do this. Just yesterday I'd updated everything in Quicken (aside from gold prices, which I've not done since 2008).

I put together something which I've never done prior and which made me feel a lot better about how I've invested.

I will show it here and then provide some background / commentary below it.

The Vinny Portfolio

Capture.JPG
Capture.JPG (98.81 KiB) Viewed 2633 times


1) First column is outside retirement accounts

2) Next 9 columns are various retirement accounts

3) Far right column shows the percentage of each investment of total portfolio

4) "% of Total Portfolio" is percentage of total portfolio that is in each account

5) Below that is the percentage breakdown for each account between Fixed & Equity (gold currently immaterial).

6) My investing career started with my first IRA contribution of $1,500 in 1982 for my 1981 tax return.

7) Late 80s I started accumulating money and religiously followed Dick Fabian's Telephone Switch Newsletter for about four or so years (mathjak knows about this newsletter).

8) I left that newsletter and followed other similar (all equity or all cash) newsletters for about the next six years.

9) 1997 stopped that and left everything where it was...putting any new money into cash.

10) In 1998 I did Roth conversions for everything that I was able to do so.

11) At the end of 2000 to 2002 time period...an IRA in which I'd put in $30,000 had peaked at $130,000 was sold for $25,000.

12) I'd read a few William Bernstein books. In January 2003 I put into practice his advice from his books and sold all I had at that time and put it all into new allocations. They were all Vanguard index funds and the ones in bold above.

13) Since then (almost 19 years)...I've put all new money into cash. Have never added to or sold any of those January 2003 investments.

14) Last year during the scary days of March 2020...I converted all my cash holdings at Vanguard to the Treasury Money Market Fund. I viewed it having created a barbell - on one end was fairy risky equity investment with corresponding high reward possibilities and on the other end a no risk investment with no returns.

I think that represents about all I've done for the last 40 years when it comes to investing.

I know that I could have had a much larger portfolio if I'd invested some of all those investments of the last 19 years into equities rather than just cash but I see that I'm actually too high weighted in equities now as they represent 51% while fixed is only 49%.

Part of my inertia in implementing the Permanent Portfolio is the thorough analytical way I approach things. But in the last five year or so I've been making so much money with this current portfolio that it's taken the urgency off moving to something with less return but which is far more appropriate for my needs.
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."
User avatar
dualstow
Executive Member
Executive Member
Posts: 14225
Joined: Wed Oct 27, 2010 10:18 am
Location: synagogue of Satan
Contact:

Re: The Vinny Portfolio

Post by dualstow » Mon Oct 18, 2021 5:35 am

A fine allocation. Thanks for posting.
I’m approaching half stocks, half fixed income myself for (pp + vp), except I have about 6-8% in gold.
RIP Marcello Gandini
User avatar
Hal
Executive Member
Executive Member
Posts: 1349
Joined: Tue May 03, 2011 1:50 am

Re: The Vinny Portfolio

Post by Hal » Mon Oct 18, 2021 6:47 am

vnatale wrote:
Sun Oct 17, 2021 5:35 pm

I think that represents about all I've done for the last 40 years when it comes to investing.

I know that I could have had a much larger portfolio if I'd invested some of all those investments of the last 19 years into equities rather than just cash but I see that I'm actually too high weighted in equities now as they represent 51% while fixed is only 49%.

Part of my inertia in implementing the Permanent Portfolio is the thorough analytical way I approach things. But in the last five year or so I've been making so much money with this current portfolio that it's taken the urgency off moving to something with less return but which is far more appropriate for my needs.
Ben Graham would be proud of you Vinny! ;D
PS: Visit us down here and enjoy a Cultural Experience
https://www.zerohedge.com/covid-19/late ... up-gestapo
Attachments
Screen Shot 2021-10-18 at 10.39.24 pm.png
Screen Shot 2021-10-18 at 10.39.24 pm.png (58.24 KiB) Viewed 2596 times
Screen Shot 2021-10-18 at 10.40.44 pm.png
Screen Shot 2021-10-18 at 10.40.44 pm.png (41.15 KiB) Viewed 2596 times
Aussie GoldSmithPP - 25% PMGOLD, 75% VDCO
User avatar
Hal
Executive Member
Executive Member
Posts: 1349
Joined: Tue May 03, 2011 1:50 am

Re: The Vinny Portfolio

Post by Hal » Mon Oct 18, 2021 9:55 am

Quick and dirty comparison.
To be be honest, I thought the 50/50 portfolio would be better....
Attachments
Did not expect this result.png
Did not expect this result.png (134.02 KiB) Viewed 2568 times
Aussie GoldSmithPP - 25% PMGOLD, 75% VDCO
User avatar
dualstow
Executive Member
Executive Member
Posts: 14225
Joined: Wed Oct 27, 2010 10:18 am
Location: synagogue of Satan
Contact:

Re: The Vinny Portfolio

Post by dualstow » Mon Oct 18, 2021 3:16 pm

Hal wrote:
Mon Oct 18, 2021 9:55 am
Quick and dirty comparison.
#chart#
To be be honest, I thought the 50/50 portfolio would be better....
Over how many years?
RIP Marcello Gandini
User avatar
Mountaineer
Executive Member
Executive Member
Posts: 4959
Joined: Tue Feb 07, 2012 10:54 am

Re: The Vinny Portfolio

Post by Mountaineer » Mon Oct 18, 2021 3:24 pm

How about VTINX (plus VMRXX to roll over RMD) for old retired folks? No brainer. Low expense ratios. Automatic rebalancing and roll over. Almost zero effort to manage, especially for those with spouses who don’t find investments fun or interesting. “Good enough” as John Bogle might have said, especially for those who are taking an RMD and don’t really need the money. You can look up the performance details.
DNA has its own language (code), and language requires intelligence. There is no known mechanism by which matter can give birth to information, let alone language. It is unreasonable to believe the world could have happened by chance.
User avatar
dualstow
Executive Member
Executive Member
Posts: 14225
Joined: Wed Oct 27, 2010 10:18 am
Location: synagogue of Satan
Contact:

Re: The Vinny Portfolio

Post by dualstow » Mon Oct 18, 2021 4:18 pm

Mountaineer wrote:
Mon Oct 18, 2021 3:24 pm
How about VTINX (plus VMRXX to roll over RMD) for old retired folks? No brainer.
I didn’t recognize the ticker VTINX-
This fund’s allocation to stocks and bonds is the allocation that all Target Retirement Funds are expected to assume within seven years after their designated retirement dates.
Good to know!
RIP Marcello Gandini
User avatar
Hal
Executive Member
Executive Member
Posts: 1349
Joined: Tue May 03, 2011 1:50 am

Re: The Vinny Portfolio

Post by Hal » Mon Oct 18, 2021 5:46 pm

dualstow wrote:
Mon Oct 18, 2021 3:16 pm
Hal wrote:
Mon Oct 18, 2021 9:55 am
Quick and dirty comparison.
#chart#
To be be honest, I thought the 50/50 portfolio would be better....
Over how many years?
Oops! Time period attached.

Portfolio Analysis Results (Jan 1972 - Sep 2021) Link PDF Excel
×CloseNote: The time period was constrained by the available data for Cash [Jan 1972 - Sep 2021].
Aussie GoldSmithPP - 25% PMGOLD, 75% VDCO
User avatar
dualstow
Executive Member
Executive Member
Posts: 14225
Joined: Wed Oct 27, 2010 10:18 am
Location: synagogue of Satan
Contact:

Re: The Vinny Portfolio

Post by dualstow » Thu Feb 17, 2022 7:15 am

Did you ever buy more gold, Vinny?
RIP Marcello Gandini
User avatar
jalanlong
Executive Member
Executive Member
Posts: 829
Joined: Mon Jul 01, 2019 7:30 am

Re: The Vinny Portfolio

Post by jalanlong » Thu Feb 17, 2022 8:18 am

Hal wrote:
Mon Oct 18, 2021 9:55 am
Quick and dirty comparison.
To be be honest, I thought the 50/50 portfolio would be better....
Portfolio #2 looks a lot like The Desert Portfolio!
User avatar
vnatale
Executive Member
Executive Member
Posts: 9422
Joined: Fri Apr 12, 2019 8:56 pm
Location: Massachusetts
Contact:

Re: The Vinny Portfolio

Post by vnatale » Thu Feb 17, 2022 9:35 am

dualstow wrote:
Thu Feb 17, 2022 7:15 am

Did you ever buy more gold, Vinny?


I have not.

The Grand Plan is to implement full Permanent Portfolio at once. That has been put on hold as I continue to successfully deal with my house organization. The books part of it has now entered its 5th month.

I discovered a long time ago that I can only deal with one or two extremely large endeavors at once.
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."
Post Reply