Permanent Portfolio Forum
https://www.gyroscopicinvesting.com/forum/
https://www.gyroscopicinvesting.com/forum/viewtopic.php?t=4814
What a like about the PP is that it is basically a defense first investing strategy. Protecting you against catastrophic loss during any economic cycle, in effect saving you from yourself. Epic gains are not what HB intendedOverTaxed wrote: Outside of the first few days, my PP has been down every single day since I started it earlier this year. I am currently down 3%.
I am invested in FLBIX, FSTMX, and IAU and I don't track day over day movements so I can't say. I purchased and read the new book, so I should know better, right?Reub wrote: I'm guessing that it was up about 1.5% today, halving your paper loss?
Unfortunately, it's still frustrating having started my PP in early May and having several months straight in the red right after. Those kind of results just don't provide a lot of confidence as a new(ish) investor.
let's come back in a year and see how well the prediction has held up.frommi wrote: I can`t really see how 100% stocks can fail in the next 12 month, because as long as QE is running stocks will run up.
IMO, they will stop only when it doesn't matter because no one wants their funny money any more.frommi wrote: Be prepared for more pain when QE finally stops. And it will someday, its only a matter of when not if.
Currently it looks like all assets have a little synchronized, which is really bad for the PP. (Because whats the purpose of diversification?)
I can`t really see how 100% stocks can fail in the next 12 month, because as long as QE is running stocks will run up. And when it stops this means the economy is running on full steam. (otherwise the FED won`t stop it). But ignore me, i am just a silly speculator.
I set up my dad's p.p. at an untimely...time, and it's been below breakeven most of the time.OverTaxed wrote: I am invested in FLBIX, FSTMX, and IAU and I don't track day over day movements so I can't say. I purchased and read the new book, so I should know better, right?
Haha same here although I think he missed a rebalancedualstow wrote:I set up my dad's p.p. at an untimely...time, and it's been below breakeven most of the time.OverTaxed wrote: I am invested in FLBIX, FSTMX, and IAU and I don't track day over day movements so I can't say. I purchased and read the new book, so I should know better, right?
I'm glad he's being patient with me.
The amount of oversight in both time and brainpower to spend watching it could earn you money elsewhere. The point of an investment portfolio is free time, if you want to micro manage it, invest in yourself and go buy a business and run it.buddtholomew wrote: easy come, easy go. Back in the red. Board has been awfully quiet lately...
Dang!buddtholomew wrote: easy come, easy go. Back in the red. Board has been awfully quiet lately...
We are sure to have another opportunity to celebrate soon.MediumTex wrote:Dang!buddtholomew wrote: easy come, easy go. Back in the red. Board has been awfully quiet lately...
I missed celebrating with you yesterday.
It takes about 30 sec to check the portfolio, and another 30 sec to complain here. It's not very time consuming, but it is somewhat cathartic.Bean wrote:The amount of oversight in both time and brainpower to spend watching it could earn you money elsewhere. The point of an investment portfolio is free time, if you want to micro manage it, invest in yourself and go buy a business and run it.buddtholomew wrote: easy come, easy go. Back in the red. Board has been awfully quiet lately...
Certainly valid points and I strive to achieve the "zen-like" peace you have mastered.Bean wrote: I have no idea if my portfolio went up or down today, that is pretty relaxing.
Seriously though, you trusted enough to invest in the PP and should have set your exit criteria on entry. Then you stick to it, unless there the reason for starting is gone or a need arises to adjust your exit criteria.
Was one of your reason for the PP, that it was worry free? Because any crazy scenario I can come up with, the PP is safer than most other portfolios out there, while returning a comparable CAGR to other choices.
I set my complaining threshold higher than my exit positionBean wrote: I have no idea if my portfolio went up or down today, that is pretty relaxing.
Seriously though, you trusted enough to invest in the PP and should have set your exit criteria on entry. Then you stick to it, unless there the reason for starting is gone or a need arises to adjust your exit criteria.
Was one of your reason for the PP, that it was worry free? Because any crazy scenario I can come up with, the PP is safer than most other portfolios out there, while returning a comparable CAGR to other choices.
I think of the passive investment exercise like boiling water. No matter how much you watch it, it probably won't go any faster.buddtholomew wrote: Certainly valid points and I strive to achieve the "zen-like" peace you have mastered.
Many do but don't admit it.annieB wrote: "I like to watch"
"It puts the gold portion in physical, or it gets the hose"Kshartle wrote:Many do but don't admit it.annieB wrote: "I like to watch"