Search found 85 matches

by tarentola
Wed Mar 25, 2020 5:34 am
Forum: Permanent Portfolio Discussion
Topic: Asset Allocation in the Most Painful Month
Replies: 26
Views: 848

Re: Asset Allocation in the Most Painful Month

My intention a few posts back was not to talk up gold in particular, but rather to talk up asset diversification in general. Gold is an example of a diviersifier which is largely ignored by financial advisers - allegedly because they cannot make much money from advising you to invest in it. Meb Fabe...
by tarentola
Tue Mar 24, 2020 9:37 am
Forum: Permanent Portfolio Discussion
Topic: Asset Allocation in the Most Painful Month
Replies: 26
Views: 848

Re: Asset Allocation in the Most Painful Month

The view on most investing web sites seems to be that stocks are the main and perhaps the only asset class to invest in, because over an investing lifetime, stocks can go in only one direction. So when an investor suffers a loss, the forum reply is often: "Just stay the course, it will all come righ...
by tarentola
Tue Mar 24, 2020 3:51 am
Forum: Permanent Portfolio Discussion
Topic: EU-PP and PPeers
Replies: 13
Views: 597

Re: EU-PP and PPeers

Frugal Why do you use C13 and MTH ? C13 is an ETF of 1-3 year bonds, and MTH is 25+ year bonds, the longest-bond Euro ETF I can find. If you have other suggestions I would love to hear them. CEU is the MSCI Europe index ETF, but there is also the Eurostoxx 600 as well as individual country ETFs like...
by tarentola
Mon Mar 23, 2020 6:04 am
Forum: Permanent Portfolio Discussion
Topic: EU-PP and PPeers
Replies: 13
Views: 597

Re: EU-PP and PPeers

Figures for today (ETFs traded in Paris) and on 1 Jan 2020, with difference %. Vanilla EU PP in Euros: CEU 166.78 245.32 -32.02% MTH 131.00 125.16 4.67% GBS 131.08 127.04 3.18% C13 168.09 168.61 -0.31% Combined -6.12% EUR/USD 1.0673 1.12375 -5.28% The vanilla US PP in dollars seems to have done bett...
by tarentola
Mon Feb 03, 2020 1:32 pm
Forum: Bonds
Topic: Maximum Bond Upside
Replies: 239
Views: 65684

Re: Maximum Bond Upside

I’m not sure what you are challenging, the fact that LTTs will respond best in a period of falling rates? The central tenet of the PP that I am challenging is that LTTs are the best bonds to use, due to their volatility. The backtesting I did indicates that LTTs are the best PP bonds only when inte...
by tarentola
Sun Feb 02, 2020 7:09 am
Forum: Bonds
Topic: Maximum Bond Upside
Replies: 239
Views: 65684

Re: Maximum Bond Upside

Vinny Thanks for reviving this thread. This topic is more relevant than ever I guess. 1. A full three years later, after both this and your prior analysis, what have you been deciding to do during these past three years? For my PP, I ended up in a compromise, buying some medium and some long. 3 Jan ...
by tarentola
Wed Jan 01, 2020 3:59 pm
Forum: Permanent Portfolio Discussion
Topic: 2019 Permanent Portfolio Results
Replies: 18
Views: 1997

Re: 2019 Permanent Portfolio Results

My Euro PP of individual Euro HY shares, 15Y+ govt bond ETF, gold ETC and cash: +18%. Some of my Euro shares came good after years of underperformance, notably the bank Société Générale and the pharma Sanofi. Vanilla 4x25% Euro PP . ETFs traded in Paris, Google Finance symbols: EPA:CEU 21.61% MSCI ...
by tarentola
Tue Dec 10, 2019 9:09 am
Forum: Permanent Portfolio Discussion
Topic: New Member and Permanent Portfolio Novice. Asking for help
Replies: 12
Views: 1215

Re: New Member and Permanent Portfolio Novice. Asking for help

SilentStoic I used to be in a similar position, with a number of possibly ill-chosen stocks and bonds and no clear strategy. The good thing is, I have cash. I need to buy more bonds and gold. So I need to figure out what is the total holdings, and buy some gold and bonds while leaving the rest in ca...
by tarentola
Wed Nov 13, 2019 8:39 am
Forum: Permanent Portfolio Discussion
Topic: What is your current portfolio?
Replies: 36
Views: 12811

Re: What is your current portfolio?

I am in the Eurozone. Retired, so even my VP (20% of total) is pretty conservative. 1. PP 4x25% Stocks 50% individual Euro dividend shares (Sanofi, Vinci, Red Electrica, Renault, Air Liquide etc) 25% German Dax ETF (DAX from Lyxor) 12.5% each Nasdaq and Emerging Markets ETFs (ANX and AEEM from Amund...
by tarentola
Thu Sep 05, 2019 3:08 pm
Forum: Permanent Portfolio Discussion
Topic: Portfolio for European investor
Replies: 5
Views: 3422

Re: Portfolio for European investor

Yes, this year gold in Europe (GBS) has gained 19%, while gold in the US (GLD) has gained 15%. So this year at least, gold is doing ok.
by tarentola
Thu Sep 05, 2019 2:56 pm
Forum: Permanent Portfolio Discussion
Topic: EU PP 2016-2019
Replies: 16
Views: 4727

Re: EU PP 2016-2019

For info again: Amundi started a gold ETC last May. Perhaps of interest to European PP investors as Amundi is owned by Crédit Agricole, which is the biggest bank in France and so relatively secure. Backed by physically allocated gold, held by HSBC.
by tarentola
Thu Sep 05, 2019 11:57 am
Forum: Variable Portfolio Discussion
Topic: A bond yield-based asset rotation strategy for the PP
Replies: 0
Views: 10080

A bond yield-based asset rotation strategy for the PP

Can anyone help me to understand this article : https://seekingalpha.com/article/4283733-simple-rules-based-asset-rotation-strategy. Without mentioning the Permanent Portfolio, the article describes a timing system to decide which of the three PP components SPY, TLT and GLD to buy. The back-tested r...