Risk Parity Radio

Latest Episodes:

Episode 179: Better Call Bridget, Why Rice Plays Texas And Other Weird Wild Stuff Jun 08, 2022

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In this episode we answer emails from Karen, Ron, Brian and Paul. We discuss shameless plugs for my family and friends and other considerations in selecting a financial advisor/manager, the full cycle of investing and Paul's value- and Iowa-focused portfolio.
Links:
Bridget Patel (better call her): Bridget Patel - Profile | Alliance of Comprehensive Planners Community (acplanners.org)
Values Added Financial: About Us – Values Added Financial
Holly Grosvenor: Microstuff.com - Financial coaching helping you and your family gain Financial confidence - Microstuff
Cody Garrett: Meet Cody - Measure Twice Financial
Kitces Interview of Cody Garrett: Using An Advice-Only Approach To Grow With DIY Validators (kitces.com)
OLIO Financial: OLIO Financial Planning (meetolio.com)
Kitces Interview of Andrew Miller: Replacing The AUM Fee With A Complexity-Based Fee (kitces.com)
Paul's Portfolio And Comparison: Backtest Portfolio Asset Allocation (portfoliovisualizer.com)

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Episode 178: AQR Articles, Wild West Gambling Problems, Japan And Portfolio Reviews As Of June 3, 2022 Jun 05, 2022

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In this episode we answer emails from George, Grant, Visitor #4090, Justin and Lili. We discuss the long-time usage and popularity of risk parity concepts by professional investors, a levered Golden Butterfly portfolio, the website chat function, Japan, crypto (a little) and consulting services. And my general laziness.
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:
AQR Paper "Understanding Risk Parity": Understanding Risk Parity (aqr.com)
Recent Cliff Asness Interview: Cliff Asness: Value Stocks Still Look Like a Bargain | The Long View (simplecast.com)
Risk Parity Chronicles Resource References: Resources - Risk Parity Chronicles
Grant's Levered Golden Butterfly Portfolio: Backtest Portfolio Asset Allocation (portfoliovisualizer.com)
ETF Database -- Levered Funds: Leveraged Equity ETF List (etfdb.com)

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Episode 177: Passive Index Funds, Foolish Consistencies, ZROZ And A Couple Marketing Fads Jun 01, 2022

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In this episode we answer emails from Andrew, Visitor #4691, Nate, and MyContactInfo. We discuss the new-age-old question about passive indexing and market efficiency, the intersection between the ideas of Max Planck and Ralph Waldo Emerson and how it applies to the development of ideas in portfolio construction, using ZROZ to tax-loss harvest TLT and observations about the promotion by the financial services industry of direct indexing and tax loss harvesting services.
Links:
Max Planck's Principle: Planck's principle - Wikipedia
Ben Carlson Article about Indexing: Who Owns All the Stocks & Bonds? (awealthofcommonsense.com)
Portfolio Charts Portfolio List: Portfolios – Portfolio Charts
Optimized Portfolios Lazy Portfolio List: 52 Lazy Portfolios and Their ETF Pies for M1 Finance (2022) (optimizedportfolio.com)
Risk Parity Chronicles Mega-Resources Pages: Resources - Risk Parity Chronicles
Perfect Portfolio book: In Pursuit of the Perfect Portfolio: The Stories, Voices, and Key Insights of the Pioneers Who Shaped the Way We Invest: Lo, Professor Andrew W: 9780691226446: Amazon.com: Books
White Coat Investor Tax Loss Harvesting Article: The Case Against Tax-Loss Harvesting | White Coat Investor

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Episode 176: How Bond Correlations Work, When To Buy, A Simple Path And Portfolio Reviews As Of May 27, 2022 May 28, 2022

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In this episode we answer emails from Steve, Judy and Geordi. We discuss the data surrounding stock/treasury bond correlations back to 1952, when and why you might want to hold bonds and a process for figuring that out and my takes on The Simple Path To Wealth. With detours into prison jumpsuits, SpongeBob and Ray Liotta.
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:
Flights To Safety Treasury Bond Correlation Paper: delivery.php (ssrn.com)
Choose FI "Role of Bonds in a Portfolio" podcast: The Role Of Bonds In A Portfolio | Ep 194 - ChooseFI
Kitces Four Phases of Investing Article: The Four Phases Of Saving For Retirement (kitces.com)

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Episode 175: Global Monetary Systems, The Dude And Other Emails May 25, 2022

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In this episode we answer emails from MyContactInfo, the Nameless One, Jeff, Alexi (a/k/a Dude), and another Jeff. We talk about leveraged ETFs (briefly), thoughts about changes in the Global Monetary System, another portfolio site, ETFs KBWR and KBWP and efficient accumulation.
Links:
Ray Dalio's Latest Book: Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail - Kindle edition by Dalio, Ray. Politics & Social Sciences Kindle eBooks @ Amazon.com.
Lords of Finance Book: Lords of Finance: The Bankers Who Broke the World by Liaquat Ahamed | Goodreads
Lazy Portfolio Site: Lazy Portfolios and ETF composition (lazyportfolioetf.com)
Asset Correlations of KBWR and KBWP: Asset Correlations (portfoliovisualizer.com)

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Episode 174: The Meta-Considerations of Country Risk, RPR "Club", And Portfolio Reviews As Of May 13, 2022 May 14, 2022

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In this episode we answer emails from Soo-New, Monika, Jeff and Jack. We discuss building out a risk parity portfolio in multiple accounts, the perils of membership in the Risk Parity Radio Club, the latest fads and gimmicks in Direct Indexing, how to consider and compare investing in different countries with Country Risk Factors and the intellectual perils of the Possibility Effect.
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:
Country Risk Factors: Assess Country Risk (trade.gov)
Bailout Nation Book: Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy by Barry Ritholtz | Goodreads

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Episode 173: REITs, Struggling Bond Funds, More Cowbell And Portfolio Reviews As Of May 6, 2022 May 07, 2022

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In this episode we answer emails from Jamie, Jean-Luc and Geordi. We discuss a paper about REITs as a separate asset class, what to do about struggling bond funds, the value of small-cap value and choosing a retirement portfolio in line with Bill Bengen's recommendations.
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:
Jamie's Article -- Are REITs A Distinct Asset Class?: delivery.php (ssrn.com)
Correlation Matrix for Small Caps: Asset Correlations (portfoliovisualizer.com)
YouTube Video re Retirement Spending Calculator: Tutorial #1: Portfolio Charts Retirement Spending Calculator - YouTube
YouTube Video re Monte Carlo Simulator: Tutorial #4: Portfolio Visualizer Monte Carlo Simulator -- Introduction - YouTube
Risk Parity Isn't What You Think It Is: Corey Hoffstein: Risk Parity Isn't What You Think It Is - YouTube

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Episode 172: The Joys Of Factor Investing, Valuation Notions And More Leveraged ETFs May 04, 2022

Show notes

In this episode we answer emails from Andy, MyContactInfo and James The Flatterer. We discuss factor investing in detail, why it is better than prior approaches and how to use it, why using valuation methods is beyond the skills of most amateurs and financial advisors and more fun with Wisdom Tree Funds.
Links:
Factor Investing Article 1: Factor Investing Definition (investopedia.com)
Factor Investing Article 2: Factor investing - Wikipedia
Correlation Analysis of Golden Ratio Factor Funds: Asset Correlations (portfoliovisualizer.com)
The Current Portfolio of James: Backtest Portfolio Asset Allocation (portfoliovisualizer.com)

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Episode 171: Email Assortment And Our Weekly Portfolio Reviews In A Time Of Cholera Apr 30, 2022

Show notes

In this episode we answer emails from Chas, Javen and Pankaj. We discuss using Berkshire Hathaway in a risk parity-style portfolio, Direxion mutual funds, taxable account considerations (again) and international stock funds (again).
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:
Direxion Mutual Funds: Direxion Mutual Funds | Direxion
Episode 27 Re Utilities: Podcast #27| Risk Parity Radio
Correlation Analysis Of Several International Funds: Asset Correlations (portfoliovisualizer.com)

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Episode 170: Lazy Hosts, All About Commodities Funds And Other Musings Apr 27, 2022

Show notes

In this episode we celebrate George's generosity and answer emails from Jeff, Kyle, Richard, Jamie and MyContactInfo. We discuss ulcer indexes and where to find them, leveraged ETFs and rebalancing, tag GDE again, have a lengthy frolic and detour into commodities funds and how they work, and rant a little more about the financial services industry.
Links:
The Father McKenna Center: Home - Father McKenna Center
Portfolio Charts Drawdown Calculator with Ulcer Index: DRAWDOWNS – Portfolio Charts
Optimal Rebalancing Article: Optimal Rebalancing – Time Horizons Vs Tolerance Bands (kitces.com)
Bloomberg Commodity Index: Bloomberg Commodity Index - Wikipedia
Deutsche Bank Liquid Commodity Index: Deutsche Bank Liquid Commodity Index - Wikipedia
Commodities Fund Article: Investing in Commodity ETFs (investopedia.com)
ETF Database -- Commodities Funds: Commodities ETFs (etfdb.com)
Risk Parity Chronicles re Assets for Inflation: Best Asset Classes for Surviving Inflation: a test (riskparitychronicles.com)

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