Episode 523: Funding A Family Gap Year Without Derailing FI, A Cowbell History, And Assorted AUM Advisor Follies And Conflicts
Risk Parity RadioShow Notes
In this episode we answer emails from Sarah, Tyler and Luc. We Sarah's detailed plan to take a one to two year family gap year, travel, and unpack tax-smart ways to fund short-term spending, why we keep long-term money invested simply, more cowbell, and why complicated advisor math can be more noise than help how it can mask conflicts of interest. We also touch on the Cederberg paper (yes, with a C and not an S despite my mis-statement) and why it is of little or no practical use ...
More from Risk Parity Radio
In this episode we answer emails from Multi-family Investor, Nathan, and John. We discuss dual momentum strategies, equity glide paths and the Bengen, Pfau, and Kitces research, letting equity drift higher to reduce rebalancing and transactions, managed futures proxy limits and why commodities are imperfect stand ins, and SDMF versus DBMF. Links: Dual Momentum Explanation Video: DUAL MOMENTUM | Momentum Trading Strategy by Gary Antonacci Portfolio Visualizer Dual Momentum Analy...
In this episode we answer emails from Dave, Bob, and Waldo. We discuss how Monte Carlo simulations differ depending on their basis and how they differ from historical back-tests, the problem of trusting retirement calculators without understanding the assumptions inside them and choosing the correct assumptions, why the Golden Ratio portfolio is built for bad decades, and why a scary brokerage warning screen is often just strategic butt covering and marketing. And THEN we our go throu...
In this episode we answer emails from Geraldo, Robin, Roy, and Daniel. We catch up on where we've been and our Camino and the Walk For McKenna, and then shift into discussions of donor-advised funds for charitable giving, a new-fangled auto-callable “income” ETF (a/k/a another "shiny object" -- also check out Episode 504), and review a retirement portfolio and a proposal to shift from a bond fund to individual long term treasury bonds. Links: Daffy CEO Interview: A Donor-Advised...
In this episode we answer emails from Michael, Matt, and Ron. We discuss books for a 30-something family man and practical advicbe for approaching non-fiction more efficiently in the age of AI ChatBots, the world's most famous Easy Chair, and how EDV can work in a risk parity style portfolio. And THEN we our go through our weekly portfolio reviews of the eight sample portfolios you can find at Portfolios | Risk Parity Radio. Additional Links: The World's Most Famous Easy Chair...
In this episode we answer emails from Mike, Jack, and Andrew. We discuss how to do forecasting using the risk of a personal injury lawsuit as an example, why historians are generally bad a forecasting and a better approach than assuming causation, reveal Ferguson's Law to be a slippery slope argument, and explain how the 25x expenses rule fits real human behavior better than a mathematically correct 20x expenses calculation. Along the way we thank our donors to the Top of the T-shirt ...