Risk Parity Radio

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Episode 348: Portfolios For 11-Year Olds, Basic Return Stacking, And A Fama-French Kerfuffle Jun 26, 2024

Show notes

In this episode we answer emails from Marco Esquandolas, Adrian and Paulo. We discuss portfolio advice for a precocious 11-year old, a simple return-stacked portfolio a la Corey Hoffstein and the priority of the Simplicity Principle, and some recent articles about the Fama-French database.
Links:
Corey Hoffstein Talking About His Return-Stacked Portfolio: Show Us Your Portfolio: Corey Hoffstein (youtube.com)
Paulo's Bloomberg Article: A Fight Over Factor Investing Tests a Pillar of Modern Finance - Bloomberg
Summary Critique of Fama-French Database Issues: ftalphaville.ft.com/content/2e87e7f9-c2ad-4dcb-afc3-2a0f8d0a6ca3
Fama-French Response Paper: Production of U.S. Rm-Rf, SMB, and HML in the Fama-French Data Library by Eugene F. Fama, Kenneth R. French :: SSRN

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Episode 347: Levered Small Caps, Cash Management Issues, Comparing Bond Fund Durations And Portfolio Reviews As Of June 21, 2024 Jun 23, 2024

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In this episode we answer emails from Steven, Kaleb and Reynolds. We discuss a levered small cap fund (SAA), short-term cash management and related ETFs, and how to compare and use bond funds of differing durations.
And THEN we our go through our weekly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio.
Additional links:
ETF Database -- Ultra Short Term Bond Funds: The Web's Best ETF Screener | ETF Database (etfdb.com)
Morningstar Article on BOXX: BOXX ETF Promises T-Bill Returns Without Taxable Income | Morningstar
Morningstar Analysis of IEF: IEF – Portfolio – iShares 7-10 Year Treasury Bond ETF | Morningstar
Kitces Re-balancing Article: Optimal Rebalancing – Time Horizons Vs Tolerance Bands (kitces.com)

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Episode 346: Musings On Luck, Escaping Empower, Anchorage, And IUL Perpetual Motion Machines Jun 20, 2024

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In this episode we answer emails from Mark, Casey, and Kyle. We discuss transitioning from a drecky complicated Personal Capital/Empower portfolio to a simple risk-parity style portfolio, the song "Anchorage", and Sam Kinison's take on an IUL policy.
Links:
Father McKenna Center Donation Page: Donate - Father McKenna Center
Mark's Portfolio Analysis: Backtest Portfolio Asset Class Allocation (portfoliovisualizer.com)
Testfol.io Analysis of Mark's Portfolio: testfol.io
Larry Kennedy Album on Spotify: Everybody Knows - Album by Larry Kennedy | Spotify
Andy Panko's Insurance Playlist: Insurance - YouTube

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Episode 345: Concerns About Indexing, Larry Swedroe's Portfolio, ROAD HOUSE, And Portfolio Reviews As Of June 7, 2024 Jun 09, 2024

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In this episode we answer emails from David, Eric from Cincy, and Pete. We discuss Mike Green's recent commentary about index fund trends and whether its a problem, ROAD HOUSE, children, and Larry Swedroe's esoteric personal portfolio.
And THEN we our go through our weekly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio.
Additional links:
Mike Green Interview: Michael Green: Market Efficiency Is Not The Question | Rational Reminder 302 (youtube.com)
Larry Swedroe Article #1: Addressing Issues With High U.S. Equity Valuations (kitces.com)
Larry Swedroe Article #2: In The Long Run, Stocks Outperform Bonds, Or Do They? (kitces.com)
Larry Swedroe's Personal Portfolio: Show Us of Your Portfolio II: Larry Swedroe on Alternatives and Interval Funds (youtube.com)

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Episode 344: More Lawyer Stuff And Some Ins And Outs Of ETFs, Extended Duration Treasuries And Gold Funds Jun 06, 2024

Show notes

In this episode we answer emails from Dr. Anonymous, Lance, John and Eli. We discuss how to find a lawyer, extended term bond funds, gold ETFs and how ETFs are constructed.
Links:
Father McKenna Center Donation Page: Donate - Father McKenna Center
John's Gold ETF link: 9 low cost physical Gold ETFs for portfolio parity - SmartMoneyToolbox
ETF Article: Exchange-Traded Fund (ETF): What it is and How to Invest (investopedia.com)
"Authorized Participant" Article: What Is an Authorized Participant? Definition, Examples, Benefits (investopedia.com)

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Episode 343: Musings On Interest Rates And History, Fallacious Magic Mean Reversion, Inverse T-Bond Funds And Target Date Fund Glide Paths May 30, 2024

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In this episode we answer emails from Stuart, George and MyContactInfo. We discuss a follow-up on another listener's accumulation portfolio, the foibles of trying to predict future interest rates and common fallacious reasoning, levered inverse treasury bond funds and other funds that do well in rising interest rate environments, and a follow up on our target date fund rant episode (#333).
Links:
Portfolio Visualizer Analysis of UPRO and synthetic alternatives: Backtest Portfolio Asset Allocation (portfoliovisualizer.com)
TestFol Analysis with an inverse treasury bond exposure: testfol.io

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Episode 342: Portfolio Charts Metrics, Cockroaches, Account Transfers And Portfolio Reviews As Of May 24, 2024 May 26, 2024

Show notes

In this episode we answer emails from Jeff, James and Graham. We discuss standard deviations and other metrics and tools at Portfolio Charts, revisit Episode 194 regarding the "Cockroach" portfolio, timing the transfer of a 401k to and IRA for better management options and some reasons for holding on to traditional IRAs and not converting them.
And THEN we our go through our weekly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio.
Additional links:
Portfolio Matrix Tool With Bookmark To Jeff's Portfolio: Portfolio Matrix – Portfolio Charts
Portfolio Annual Returns Tool With Bookmark To Jeff's Portfolio: Annual Returns – Portfolio Charts
Portfolio Drawdowns Tool With Bookmark To Jeff's Portfolio: Drawdowns – Portfolio Charts
Cockroach Portfolio Link: The Cockroach Approach Whitepaper - Mutiny Fund
Big Picture Retirement Podcast Re Roth Conversions: When Roth IRA Conversions Go Too Far (bigpictureretirement.com)

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Episode 341: Retirement Calculator Woes, Flexible Withdrawal Strategies, Creative Financing And Fixing Grandma's 19-Fund Monstrosity Portfolio May 23, 2024

Show notes

In this episode we talk about some recent unfavorable changes to Portfolio Visualizer, have a look at a new backtesting tool, and then get back at it with emails from James, Andrew, Phil and Frodo. We discuss how flexible withdrawal strategies improve safe withdrawal rates and how we use them as a fail-safe or backstop to our 3-1-1 plan, options for financing buying a house, a funny Avengers video and transitioning grandma's 19-fund portfolio to something simpler and better.
Links:
Rob Berger Video re Portfolio Visualizer: Navigating Portfolio Visualizer's New Design and a Free Alternative (youtube.com)
Testfol Backtester with A Sample Analysis: testfol.io
Morningstar Report re Variable Withdrawal Strategies: Six Retirement Withdrawal Strategies that Stretch Savings | Morningstar
Portfolio Charts Variable Withdrawal Calculator: Retirement Spending – Portfolio Charts
Phil's Video: Introducing NOW internet (youtube.com)
Big ERN Article Re Cederburg Paper: 100% Stocks for the Long Run? - Early Retirement Now

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Episode 340: National Debt, Bad Uses Of Data Via Cherry-Picking, Umbrella Insurance And Portfolio Reviews As Of May 10, 2024 May 12, 2024

Show notes

In this episode we answer emails from Scott, Midas, and Neil. We discuss national debt apocalypse theories, the misuse and cherry-picking involved in bad data analyses and umbrella insurance.
And THEN we our go through our weekly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio.
Additional links:
Reinhardt & Rogoff Book: This Time Is Different: Eight Centuries of Financial Folly by Carmen M. Reinhart | Goodreads
Money For The Rest of Us National Debt Masterclass: National Debt Master Class Part 1/3 | Money for The Rest of Us
Security Analysis Podcast with Yours Truly: Frank Vasquez: Risk Parity Investing Part 2 (securityanalysis.org)
Portfolio Charts "Ingredients" Article: Three Secret Ingredients of the Most Efficient Portfolios – Portfolio Charts
Long Term Treasuries vs. Stock Market 1981-2010: Backtest Portfolio Asset Class Allocation (portfoliovisualizer.com)
Umbrella Insurance: What Is Umbrella Insurance Policy? Definition and If You Need It (investopedia.com)

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Episode 339: THEY Just Admitted Its The 5% Rule Like We've Been Saying, FI Is For Everybody And Answers To Your Emails May 09, 2024

Show notes

In this episode we answer emails from Average Joe, Matt, Kimbrough and Jon. We discuss goooooold, Matt's proposed portfolio, preferred shares fund PFF and how often to look at your portfolio without going insane.
But first we discuss a recent article from David Blanchett recognizing that a 5% withdrawal rate ought to be the standard for financial planners and a New York Times article about financial independence and the EconoMe conference.
Links:
David Blanchett 5% Rule Article: Is the 4% Rule Too Safe? | ThinkAdvisor
2013 Article Saying the Opposite: The 4 Percent Rule is Not Safe in a Low-Yield World by Michael S. Finke, Wade D. Pfau, David Blanchett :: SSRN
New York Times FIRE Article (paywall): Meet the FIRE Savers Who Retired Early - The New York Times (nytimes.com)
Matt's Proposed Portfolio: Portfolio Matrix – Portfolio Charts
Father McKenna Center Donation Page: Donate - Father McKenna Center

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