Gyroscopic Investing

barrett wrote:

What are the rebalance bands on the Talmud portfolio?

If your land goes up in value, you simply sell off a few shrubberies.

k9 wrote: As for me, that would be :

• land : rental real estate, farms, etc. directly owned
• businesses : dividend-producing foreign stocks directly owned
• reserves : 50% gold, 50% local currency (saving accounts, very short term bonds, actual cash, ...)

That would mean 50% physical 50% financial, but also 50% local 50% foreign.

I'm more and more thinking about implementing such a thing for myself, to overcome what I consider (minor) defaults of the PP for a non-US citizen (mainly, the fact that bonds can't be printed out by the nation to pay national debt here, and the fact that a collapse of my money value doesn't imply an equivalent surge in gold prices).