Search found 100 matches

by tarentola
Thu Sep 05, 2019 3:08 pm
Forum: Permanent Portfolio Discussion
Topic: Portfolio for European investor
Replies: 5
Views: 6804

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: 12014

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: 11329

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...
by tarentola
Sat Aug 10, 2019 10:36 am
Forum: Permanent Portfolio Discussion
Topic: EU PP 2016-2019
Replies: 16
Views: 12014

Re: EU PP 2016-2019

For info: since 1 January, a vanilla Euro PP of CEU, MTH, GBS and C13, all traded in Paris, is up 12.4%. A vanilla US dollar PP (SPY, TLT, GLD, SHY) is up 10.8%. EUR/USD rate is virtually unchanged since 1 January.
by tarentola
Mon Feb 04, 2019 7:03 am
Forum: Permanent Portfolio Discussion
Topic: 2018 Results Post Here
Replies: 26
Views: 17158

Re: 2018 Results Post Here

FTSE MTS Eurozone Government Bond IG 25Y+ (Mid Price) Index. Sold by Lyxor, traded in Paris. ISIN LU1686832194.

https://www.boursorama.com/bourse/track ... rs/1rTMTH/
by tarentola
Sun Feb 03, 2019 1:29 pm
Forum: Permanent Portfolio Discussion
Topic: 2018 Results Post Here
Replies: 26
Views: 17158

Re: 2018 Results Post Here

My Euro PP: -1.41% A generic Euro PP of four ETFs: CEU -12.14% MSCI Europe Index MTH 5.29% 25+year bonds GBS 3.09% Gold C13 -0.33% 1-3 year bonds Combined -1.02% Interesting that the best performer in Europe was long bonds, which many people (including me) thought should be abandoned because of risi...
by tarentola
Sun Feb 03, 2019 5:35 am
Forum: Cash
Topic: How to withdraw cash in retirement?
Replies: 11
Views: 16045

Re: How to withdraw cash in retirement?

Thanks for the replies. For the first quarter of this year, I estimated the amount I would need for spending in Jan-Mar, and transferred a top-up from the PP to my checking account to complement the pension money I expect to receive in those three months. I will see how it looks on 1 April and adjus...
by tarentola
Mon Dec 24, 2018 1:44 am
Forum: Cash
Topic: How to withdraw cash in retirement?
Replies: 11
Views: 16045

Re: How to withdraw cash in retirement?

That helped reinforce thinking about money once a year and spending the rest of my time enjoying retirement. :) Tyler: thanks, that is a useful idea. Recently I had to spend a lot of time and paperwork organising the payment of state and private pensions, so I would particularly like to stop thinki...
by tarentola
Sun Dec 23, 2018 5:41 am
Forum: Cash
Topic: How to withdraw cash in retirement?
Replies: 11
Views: 16045

How to withdraw cash in retirement?

I have held a Permanent Portfolio for a several years and the time has come for me to draw on it. Up to now, all my cash reserve was in the PP in a short bond ETF and a bank deposit account. I use a current or checking account from the same bank for day-to-day expenses. To draw on the PP, I intend t...
by tarentola
Tue Oct 23, 2018 3:32 am
Forum: Permanent Portfolio Discussion
Topic: Purpose of the PP
Replies: 152
Views: 76503

Re: Purpose of the PP

Primary is Euro PP: 60% of savings
Also dividend growth portfolio: 25%
and Merriman-type multi-asset: 15%

Having several porfolios is just a way of diversifying, as different strategies do better at different times.
by tarentola
Mon Oct 01, 2018 8:13 am
Forum: Permanent Portfolio Discussion
Topic: 2 PP Portfolios, 6 months performance
Replies: 39
Views: 19887

Re: 2 PP Portfolios, 6 months performance

Since 1 Jan: My Euro PP (includes blue chip shares so not completely conventional): -1.23% Conventional Euro PP which I track for comparison (25% each ETFs CEU, MTH, GBS, C13): -1.19% Similar to the US PPs. Gold in Euros is -7% since 1 Jan and the Euro is down relative to the dollar so the Euro pric...
by tarentola
Wed Sep 05, 2018 3:21 am
Forum: Permanent Portfolio Discussion
Topic: European PP
Replies: 11
Views: 8297

Re: European PP

Shaymor I have been running a European PP for a while, also in France. I cannot say the results are good this year. For example, year to date: 1. My PP. This contains individual French blue chips and a DAX ETF: -1.3%. A paper four-ETF PP of CEU, MTH, GBS and C13 (similar to yours) which I follow for...
by tarentola
Sun Mar 11, 2018 3:46 am
Forum: Stocks
Topic: Dividend Growth Investing
Replies: 42
Views: 50646

Re: Dividend Growth Investing

A recent article on Seeking Alpha which provides a good classification of dividend growth shares to consider:
https://seekingalpha.com/article/415331 ... wth-stocks
by tarentola
Wed Feb 21, 2018 7:12 am
Forum: Stocks
Topic: Dividend Growth Investing
Replies: 42
Views: 50646

Re: Dividend Growth Investing

What would be everyone’s opinion here on dividend growth investing? For example, buying 20-25 stocks like MMM and Johnson & Johnson and just holding them forever. Live off of the rising dividend stream and leave the shares for my children. I know it will have more ups and downs than a Balanced port...
by tarentola
Mon Jan 22, 2018 1:14 am
Forum: Variable Portfolio Discussion
Topic: A multi-asset portfolio in Euros
Replies: 6
Views: 5814

Re: A multi-asset portfolio in Euros

Frugal there are numerous authors on the internet running real dividend portfolios, and I have already given you a pointer to some of them: There is no official dividend portfolion on Seeking Alpha, look for articles by David Van Knapp, David Crosetti, Chuck Carnevale. A good introduction here: http...
by tarentola
Sun Jan 21, 2018 4:12 am
Forum: Variable Portfolio Discussion
Topic: A multi-asset portfolio in Euros
Replies: 6
Views: 5814

Re: A multi-asset portfolio in Euros

Frugal - There is a lot of information available on the construction of dividend portfolios and I don't claim to be an expert. One thing I would say is that it is much easier to construct a dividend portfolio of US shares than of Euro shares, as there is a far better choice of dividend-paying shares...
by tarentola
Tue Jan 16, 2018 2:21 pm
Forum: Variable Portfolio Discussion
Topic: A multi-asset portfolio in Euros
Replies: 6
Views: 5814

Re: A multi-asset portfolio in Euros

Frugal To answer the questions: 1.Relative performance of Eu and US PPs. You can look this up yourself by comparing simple 4 -ETF portfolios, or comparing published results such as Marc de Mesel's EU results with US results. Portfoliocharts.com has similar average performances for US and German PPs ...
by tarentola
Wed Jan 10, 2018 11:58 am
Forum: Permanent Portfolio Discussion
Topic: How much is "enough" in the Permanent Portfolio?
Replies: 33
Views: 20512

Re: How much is "enough" in the Permanent Portfolio?

To continue from my post earlier in this thread: It seems to me that there are relatively few sane investing strategies that can be considered by a retired or retiring person - a non-gambler. The following come to mind: The PP and variants - unbeatable in its historic low drawdown, and as good as ma...
by tarentola
Wed Jan 10, 2018 11:48 am
Forum: Variable Portfolio Discussion
Topic: A multi-asset portfolio in Euros
Replies: 6
Views: 5814

A multi-asset portfolio in Euros

Following on from the discussion started by Sophie ( https://www.gyroscopicinvesting.com/forum/viewtopic.php?f=1&t=9289&start=24 ), I thought I would start a new topic here as the subject is variable portfolios. I wrote: PS It seems to me that there are relatively few sane investing strategies that ...
by tarentola
Thu Jan 04, 2018 11:13 am
Forum: Permanent Portfolio Discussion
Topic: 2017 PP Return Poll
Replies: 33
Views: 19097

Re: 2017 PP Return Poll

For my euro PP: + 1.4% in 2017. A vanilla Euro PP of four ETFs would have gained about 1.2% in 2017:
CEU (MSCI Europe) +10.5%
MTH (25y+ bonds) -0.9%
GBS (gold) -1.3%
C13 (1-3y bonds) -0.3%

EUR/USD +15% in 2017and rising

(Figures from the French site boursorama.com)
by tarentola
Mon Dec 18, 2017 2:32 am
Forum: Permanent Portfolio Discussion
Topic: How much is "enough" in the Permanent Portfolio?
Replies: 33
Views: 20512

Re: How much is "enough" in the Permanent Portfolio?

hi I couldn't find the explanation and a model of that DIVIDEND portfolio . Please help. There is no official dividend portfolion on Seeking Alpha, look for articles by David Van Knapp, David Crosetti, Chuck Carnevale. A good introduction here: https://seekingalpha.com/article/254416-road-map-for-m...
by tarentola
Sun Dec 17, 2017 4:00 am
Forum: Permanent Portfolio Discussion
Topic: How much is "enough" in the Permanent Portfolio?
Replies: 33
Views: 20512

Re: How much is "enough" in the Permanent Portfolio?

Frugal I already have exposure to US shares in my VP so I have none in the PP. Otherwise I would probably have about 50% US in the PP, or a global share ETF. There is currency risk though: the dollar has lost about 11% against the Euro this calendar year, so my mostly US VP is only breaking even for...
by tarentola
Sat Dec 16, 2017 8:11 am
Forum: Permanent Portfolio Discussion
Topic: How much is "enough" in the Permanent Portfolio?
Replies: 33
Views: 20512

Re: How much is "enough" in the Permanent Portfolio?

Good questions, Sophie. Q1 .The PP as a « base » portfolio could be complemented (or even replaced) by a stock portfolio. There are dividend share diehards on seekingalpha.com for example who seem to live exclusively off dividends and never sell a share unless forced to by a merger or similar event....
by tarentola
Tue Oct 17, 2017 2:53 am
Forum: Permanent Portfolio Discussion
Topic: Permanent Portfolio in Europe (follow-up)
Replies: 66
Views: 51234

Re: Permanent Portfolio in Europe (follow-up)

4,3% and what about inflation? It does not beat official inflation by much, and perhaps does not beat real inflation at all. But multiple-year periods of underperformance are not unusual. Do you think to change to a more aggressive lazy portfolio? Such as...? If you have a concrete suggestion and s...
by tarentola
Mon Oct 16, 2017 7:29 am
Forum: Permanent Portfolio Discussion
Topic: Permanent Portfolio in Europe (follow-up)
Replies: 66
Views: 51234

Re: Permanent Portfolio in Europe (follow-up)

These are results from my real 4x25 portfolio of Euro shares with Euro and EM share ETFs, bond ETFs, gold ETFs and cash. Not very different from the US Vanilla PP figures of -2.24, +10.10, -2.99 and +5.9% for the same four years. 2013 -3.04% 2014 +12.39% 2015 +1.42% 2016 +7.08 Average 4.30% 2017 +2....