Rich people use the permanent portfolio (or something like it)
Posted: Wed Oct 26, 2011 9:10 am
Well at least I have one thing in common with the rich folks
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Rich people use the permanent portfolio (or something like it)
https://www.gyroscopicinvesting.com/forum/viewtopic.php?t=1669
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Re: Rich people use the permanent portfolio (or something like it)
Posted: Wed Oct 26, 2011 10:04 am
"interest in the portfolio is still limited to the most "paranoid" clients"
Well at least I have one thing in common with the rich folks
Well at least I have one thing in common with the rich folks
Re: Rich people use the permanent portfolio (or something like it)
Posted: Wed Oct 26, 2011 2:31 pm
LOL....paranoiagizmo_rat wrote: "interest in the portfolio is still limited to the most "paranoid" clients"
Well at least I have one thing in common with the rich folks
Re: Rich people use the permanent portfolio (or something like it)
Posted: Wed Oct 26, 2011 10:39 pm
I found the following sentence most interesting:
So a 40% stock allocation was typical for rich investors. That's much lower than the 60-90% that's so often suggested for middle class wage earners. The more I learn, the crazier that advice seems.Other bankers said they have also advised clients to be underweight in stocks, with suggested allocations of 25 to 30 percent of their portfolio compared to 40 percent or more prior to the financial crisis.
Re: Rich people use the permanent portfolio (or something like it)
Posted: Sun Oct 30, 2011 7:34 pm
It says, "40% or more" which means 40% would have been the minimum in ordinary times.KevinW wrote: I found the following sentence most interesting:
So a 40% stock allocation was typical for rich investors.Other bankers said they have also advised clients to be underweight in stocks, with suggested allocations of 25 to 30 percent of their portfolio compared to 40 percent or more prior to the financial crisis.