yankees60 wrote: ↑Wed Oct 16, 2019 8:21 pm
I am reading the book that was previously recommended. What you are doing is NOT recommended by the book:
I didn't say it was recommended by the book. In this case, I'm the investment advisor, and I do it out of my own convenience.
It's just too much predicting the future for me to arrange things as one big PP. For example, does the professional consensus consider how negative interest rates will affect whether bonds should be in taxable or tax deferred? What will the tax regime look like in 40 years? Who knows!
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."
I think having a complete Permanent Portfolio in every type of account is fine. There is enough uncertainty about the future that my plans and opinions might be wrong. I'm going to keep doing what I do, but I'm prepared, as always, to end up totally humiliated.
