As many of you know, I espouse the PP philosophy whenever possible amongst friends and family.
Today I FINALLY managed to convince Lily here to adopt the strategy. Well, sort of. Lily has MBA, CFA, CFP, and CIM designations, so she's much more knowledgeable than I am regarding most portfolio matters. Upon explaining the PP strategy she said: "Smith, by buying silver instead of gold, and zero coupon bonds instead of normal long treasury bonds, you can increase your stock allocation."
I said "Huh?"
Lily replied, "Silver behaves similarly to gold, but is more volatile. Zeros behave similarly to long bonds but are also more volatile. So you could, say, allocate 17.5% to silver and 17.5% to zeros and take the space you 'saved' and allocate it to stocks!"
"What about the cash component?"
"Oh right." She paused for a moment. "Replace the cash component with catnip."
"I see."
So I took her to the bullion shop today and she bought some silver coins as per below. She also opened up a new brokerage account and bought some silver ETF shares, zeros, and TSM/SCV stocks. We also just ordered some catnip off of Amazon.
Lily with her new bullion.

- lilysilver.png (1.84 MiB) Viewed 7979 times
Lily sleeping soundly now knowing her retirement funds are invested in a strategy that is simple, safe, and stable.

- lilysleep.png (1.43 MiB) Viewed 7979 times
You can never have too much money, ammo, or RAM.