Episode 313: Montecarlo Simulations, Accumulation Portfolios, Dr. Who, And Portfolio Reviews As Of January 12, 2024

In this episode we answer emails from Steve, Grant, and Alexi (a/k/a "the Dude").  We discuss investing in managed futures and property and casualty insurance companies, rebalancing mechanisms and fitting those into a portfolio, Grant's various gambling problems with leveraged funds and assorted Metaverse doom-scrolling, and the recent annoying changes with Portfolio Visualizer.  And our charitable push for our charity, the Father McKenna Center --get the match!Links:Father McKenna Center Donation Page (don't forget to include "The Financial Quarterback Match" in the comment/dedication box):  Donate - Father McKenna CenterSocGen Managed Futures CTA And Trend Indices:  Prime Services (Newedge) Indices (societegenerale.com)Kitces Rebalancing Methods Article:  Optimal Rebalancing – Time Horizons Vs Tolerance Bands (kitces.com)New Testfol Backtester With OPTRA Example:  testfol.ioSupport the Show.

In this final episode of Season Four we discuss the concepts of rebalancing and reallocating in all their glory and go through the planned annual rebalancings for four of the sample portfolios in excruciating detail.  We also discuss all of the assets and allocations in the Risk Parity Ultimate portfolio and which ones we actually own in real life.And we go through our weekly portfolio reviews of all eight of the sample portfolios you can find at Portfolios | Risk Parity Radio.Additional link:Father McKenna Center Donation Page -- Remember to mention "The Financial Quarterback match" in new donations:  Donate - Father McKenna CenterSupport the Show.

In this episode we answer emails from Judy, Steve and MyContactInfo.   We discuss a recent offer by The Financial Quarterback podcast to match donations the the Father McKenna Center (yay!), why you should buy gold ETFs and NOT physical gold, Cartman and Kyle, and the varying value of education depending on the individual.Links:Father McKenna Center Donation Page -- Remember to mention "The Financial Quarterback match" in new donations:  Donate - Father McKenna CenterETF Database -- Gold ETFs:  Gold ETF List (etfdb.com)Listener John's Gold ETF link:  9 low cost physical Gold ETFs for portfolio parity - SmartMoneyToolboxGLD FAQs:  FAQs > USA > SPDR Gold Shares (GLD). Bringing the gold market to investorsSupport the Show.

In this episode we answer emails from Brian, Wendy, and Midas.  We discuss the bond fund GOVT and how it fits or doesn't fit in portfolio construction, some basics about IRA conversions and retirement resources (podcasts and groups), and follow up on Episode 340 with a discussion on our pedagogical approach, the pluses and minuses of the Socratic Method and tilting at logical fallacies.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:Morningstar Analysis of GOVT:  GOVT – Portfolio – iShares US Treasury Bond ETF | MorningstarBig Picture Retirement Podcast About IRA Conversions:  When Roth IRA Conversions Go Too Far (bigpictureretirement.com)Andy Panko YouTube Topical Playists:  Retirement Planning Education - YouTubeLink to Retirement Planning Education Facebook Group (and other materials):  Retirement Planning Education Facebook groupRetirement Answer Man Podcast:  A Top Retirement Podcast, with over 8 Million Downloads — The Retirement Answer Man® (rogerwhitney.com)Retirement & IRA Show:  Podcasts Archives - The Retirement and IRA ShowTrogdor (Just Because):  Trogdor Song (youtube.com)Support the Show.

In this episode we answer emails from Jeffrey, Justin and Matt.  We discuss the concept of "skew" generally and in the context of investing in managed futures, a "station wagon" portfolio similar in macro-allocations to the new OPTRA sample portfolio, and the age old question of whether to pay down debt or invest.  (Uncle Frank says "Do Both.")Links:Basic Article About Skew:  Right Skewed vs. Left Skewed Distribution (investopedia.com)MFUT Fund Fact Page:  Cambria Chesapeake Pure Trend ETF (MFUT) | Cambria FundsJustin's Station Wagon Portfolio:  The Station Wagon Portfolio - Google DocsRisk Parity Chronicles Video on Asset Swaps:  How to Do an Asset Swap (youtube.com)Arch Portfolio Backtester:  Portfolio Backtest — Arch Indices Portfolio AnalyzerSupport the Show.

In this episode we introduce a new sample experimental portfolio, the O.P.T.R.A., which is now also featured on the Portfolios Page at the website.  It is a mixture of the latest and greatest ideas in portfolio construction.Links:O.P.T.R.A. backtest:  testfol.ioO.P.T.R.A. correlation analysis:  testfol.ioMorningstar UPRO:  UPRO – Portfolio – ProShares UltraPro S&P500 | MorningstarMorningstar AVGV:  AVGV – Portfolio – Avantis All Equity Markets Value ETF | MorningstarMorningstar GOVZ:  GOVZ – Portfolio – iShares 25+ Year Treasury STRIPS Bd ETF | MorningstarMorningstar GLDM:  GLDM – Portfolio – SPDR® Gold MiniShares | MorningstarMorningstar DBMF:  DBMF – iMGP DBi Managed Futures Strategy ETF – ETF Stock Quote | MorningstarSupport the Show.

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 - BloombergSummary Critique of Fama-French Database Issues:  ftalphaville.ft.com/content/2e87e7f9-c2ad-4dcb-afc3-2a0f8d0a6ca3Fama-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 :: SSRNSupport the Show.

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 | MorningstarMorningstar Analysis of IEF:  IEF – Portfolio – iShares 7-10 Year Treasury Bond ETF | MorningstarKitces Re-balancing Article:  Optimal Rebalancing – Time Horizons Vs Tolerance Bands (kitces.com)Support the Show.

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 CenterMark's Portfolio Analysis:  Backtest Portfolio Asset Class Allocation (portfoliovisualizer.com)Testfol.io Analysis of Mark's Portfolio:  testfol.ioLarry Kennedy Album on Spotify:  Everybody Knows - Album by Larry Kennedy | SpotifyAndy Panko's Insurance Playlist:  Insurance - YouTubeSupport the Show.

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)Support the Show.