Permanent Portfolio Failure?

[mathjak107]

Average anything when it comes to statistics is meaningless .

As humans we have only two outcomes , it is us shit happened to or it isn’t since some of us will always be on the wrong side of a statistic .

My dad was and it impoverished his wife ….

Insurers found the statistics they used were from a generation ago as boomers have not reached the sweet spot yet and already usage is way way higher then statistics showed .

They are higher for lots of reasons ..some have to do with the fact that so many saw families broken up and divorces happen when one sibling stepped up to the plate and the others stepped back .

That sibling that took in their parent ended up taking a huge economic and social hit .

Then the fighting starts with your spouse and siblings .

Also usage was way higher a generation ago then they were able to count ..many like my dad were cared for in private homes by health care professionals and were off the grid .


So insurers got duped in a way and found way higher usage then they planned

Remember everything we insure against has low odd of happening .

Dying while young and raising a family is a rare occurrence, yet many carry life insurance because while insurers can tell us every year how many will die or die young , they can’t tell us who

[dualstow]

As humans we have only two outcomes , it is us shit happened to or isn’t

If you’re going to quote the Dalai Lama verbatim please use a proper citation

[mathjak107]

As humans we have only two outcomes , it is us shit happened to or isn’t

If you’re going to quote the Dalai Lama verbatim please use a proper citation

Never intended to quote him , I couldn’t tell you anything he ever said

[dualstow]

Oh, it was a joke, mj, because you got philosophical (which I like).
I don’t think he talks like that.

[mathjak107]

I guess I could put my sayings in a book ……ha ha .

But it is true …..someone has to be on the opposite site of a statistic

[Don]

I can see comparing other conservative models but certainly not comparing to high equity

Wellesly income , a great conservative choice up 8%

I've gravitated my retirement accounts to Wellesley and I'm very happy with it. Wellesley adds diversification to my portfolio. Of course, I'm retired and not looking for big scores with my rather large holdings.

[mathjak107]

Exactly and wellsely and gold make an interesting combo

[barrett]

Exactly and wellsely and gold make an interesting combo

It doesn't bother you that the bond duration is about 8 years? I also like the idea of Wellesley with a slice of gold but am always put off at the commission if buying VWINX through Fidelity (where I have all my accounts).

[mathjak107]

Vanguard adjusts the bond side as they see fit ….8 years is pretty much on par with a total bond fund which bnd is 7.
Wellesly returned 8% last year which is fine , the pp returned about 4-5

[barrett]

Vanguard adjusts the bond side as they see fit ….8 years is pretty much on par with a total bond fund which bnd is 7.
Wellesly returned 8% last year which is fine , the pp returned about 4-5

That's apples to oranges, right? I guess with gold down a bit in 2021, 80% Wellesley & 20% gold would have returned about 6%.