Podcasts about risk parity

In this frolic and detour from our regularly scheduled programming, we create a "Reference Episode" by employing two AI podcasters to summarize the information contained in Episodes 1, 3, 5, 7 and 9, which are some of the foundational episodes for this podcast.  BTW, choose PFFV instead of PFF if you are interested in that.  But the point was to teach you how to analyze investments.Here are (most of) the original links and notes from those episodes.Episode 1:In this episode we answer five basic questions:1.  What is Risk Parity Radio?2.  Who is this podcast for?3.  Gee willikers, what does "Risk Parity" mean anyway, Uncle Frank?4.  How will will make this real and actionable for you?5.  How can you get involved?Episode 3:  In this episode we explore the ancient origins of asset allocation and diversification. Bava Metzia 42a:  https://steinsaltz.org/daf/bavametzia42/70-year History of Investment Consulting:  https://seekingalpha.com/article/4357226-70-year-history-of-investment-consulting-1950minus-2020Episode 5:  In this follow-up to Episode 3, we explore the development of risk-parity style investing from the 1980s to the present day.The All Weather Strategy Paper:   Bridgewater Paper 2009.12 AW Info Pack.doc (granicus.com)Risk Parity Portfolios:  Efficient Portfolios Through True Diversification:  https://www.panagora.com/assets/PanAgora-Risk-Parity-Portfolios-Efficient-Portfolios-Through-True-Diversification.pdfRisk Parity:  Silver Bullet Or A Bridge Too Far: chapter-4-from-managing-multiasset-strategies-2018.pdf (callan.com)Episode 7:In this episode we discuss the three basic principles are (1) the Holy Grail Principle; (2) the Macro-Allocation Principle; and (3) the Simplicity Principle.March draw-downs for professional risk-parity style portfolios: https://www.markovprocesses.com/blog/risk-parity-funds-in-the-coronavirus-market-rout/Ray Dalio explains the Holy Grail principle of risk-parity style investing: https://www.youtube.com/watch?v=Nu4lHaSh7D4Episode 9:In this episode we discuss how NOT to choose investments and how to employ a good process to analyze an investment.  We adopt the process of David Stein's 10 Questions and apply it to an exchange-traded fund of preferred stocks.Ishares description of PFF:  https://www.ishares.com/us/products/239826/ishares-us-preferred-stock-etfThe 10 Questions To Ask When Considering An Investment:1.  What is it?2.  Is it an investment, a speculation, or a gamble?3.  What is the upside?4.  What is the downside?5.  Who is on the other side of the trade?6.  What is the investment vehicle?7.  What does it take to be successful?8.  Who is getting a cut?9.  How does it impact your portfolio?10.  Should you invest?Support the show

Naviga in totale sicurezza con NordVPN (#ad). Il Three-Fund Portfolio dei Bogelheads vs il portafoglio All Seasons di Ray Dalio. L'impostazione tradizionale del portafoglio fatta di azioni e obbligazioni vs il concetto di Risk Parity. Pro e contro dei due modelli più diffusi di asset allocation. Bridegwater, The All Weather Story Acquista il libro di The Bull! Sei già ricco ma non lo sai (disponibile a questo link) =============================================== Investi con Scalable in azioni e ETF a prezzi imbattibili. Investi con Fineco, 60 trade gratis nei primi tre mesi con il codice TRD060-TB. Migliaia di audiolibri riassunti in 15 minuti con 4Books. L'Assicurazione sulla Vita semplice e conveniente: Turtleneck. I link sono sponsorizzati e l'Autore potrebbe percepire una commissione. =============================================== ATTENZIONE: I contenuti di questo canale hanno esclusivamente finalità di informare e intrattenere. Le informazioni fornite sul canale hanno valore indicativo e non sono complete circa le caratteristiche dei prodotti menzionati. Chiunque ne faccia uso per fini diversi da quelli puramente informativi cui sono destinati, se ne assume la piena responsabilità. Tutti i riferimenti a singoli strumenti finanziari non devono essere intesi come attività di consulenza in materia di investimenti, né come invito all'acquisto dei prodotti o servizi menzionati. Investire comporta il rischio di perdere il proprio capitale. Investi solo se sei consapevole dei rischi che stai correndo. Learn more about your ad choices. Visit megaphone.fm/adchoices

Unlock the secrets to crafting a truly balanced investment strategy that withstands the test of time and market volatility. Join us for an insightful episode with Alex Shahidi from Evoke Advisors as we dissect risk parity investing and its potential to revolutionize traditional portfolio strategies. Discover how this approach aims to mitigate the shortcomings of the classic 60-40 asset allocation model by evenly distributing risk across various economic environments and asset classes.We challenge conventional wisdom by diving into historical market events like the dot-com bubble and the global financial crisis, examining how they exposed vulnerabilities in traditional investment strategies. With risk parity, we introduce a framework that seeks to spread growth and inflation risks more evenly, helping investors avoid the pitfalls of concentrating holdings in a single asset class. This conversation is packed with strategies to reduce volatility and provides insights into the dynamics of constructing a diversified portfolio, especially in the context of cash dominance and shifting economic landscapes.Explore the complexities of leveraging balanced portfolios with innovative tools like RPAR and UPAR, and learn how they can serve as strategic alternatives to maximize your investment potential. With real-world examples and expert insights, we delve into the nuances of economic cycles, interest rates, and inflation expectations. Gain an understanding of how these factors impact investments and why a diversified approach can offer both security and enhanced returns. Whether you're an aggressive investor or seeking a new diversification strategy, this episode offers valuable perspectives on navigating the ever-evolving financial markets.DISCLAIMER – PLEASE READ: This is a sponsored episode for which Lead-Lag Publishing, LLC has been paid a fee. Lead-Lag Publishing, LLC does not guarantee the accuracy or completeness of the information provided in the episode or make any representation as to its quality. All statements and expressions provided in this episode are the sole opinion of Evoke Advisors and Lead-Lag Publishing, LLC expressly disclaims any responsibility for action taken in connection with the information provided in the discussion. The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions.Sign up at LearnCorporate.com and take control of your career and finances. Sign up to The Lead-Lag Report on Substack and get 30% off the annual subscription today by visiting http://theleadlag.report/leadlaglive. Foodies unite…with HowUdish!It's social media with a secret sauce: FOOD! The world's first network for food enthusiasts. HowUdish connects foodies across the world!Share kitchen tips and recipe hacks. Discover hidden gem food joints and street food. Find foodies like you, connect, chat and organize meet-ups!HowUdish makes it simple to connect through food anywhere in the world.So, how do YOU dish? Download HowUdish on the Apple App Store today:

In this episode we answer emails from Jenny, Arun and Jeff.  We discuss setting up a risk parity style portfolio for an elder relative, what to do with 529 money and college funds when you are getting close, and the use of risk parity style portfolios for intermediate goals or accumulation.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:Yours Truly On The Earn & Invest Podcast:  Why Risk Matters w/ Frank Vasq - Earn & Invest - Apple PodcastsJared Dillian And The Awesome Portfolio:  Show Us Your Portfolio: Jared DillianFather McKenna Center Donation Page:  Donate - Father McKenna CenterAmusing Unedited AI-Bot Summary:  What if you could unlock the secrets of risk parity and transform your investment strategy? Join us on Risk Parity Radio as we explore how strategic gold allocation and portfolio diversification can revolutionize your financial journey. Dive into the humor-laden world of market fluctuations and portfolio reviews, and learn from our recent discussion on the Earn and Invest podcast with Jordan Grumet about integrating risk parity into modern portfolio theory. We also respond to a thoughtful email from Jenny, a dedicated Patreon supporter, who's crafting a risk parity portfolio for her mother-in-law. Get insights on asset allocation, the timing of gold investments, and how to utilize current market conditions to make savvy decisions.In this episode, we delve into diversifying investment strategies during the accumulation phase, particularly for DIY investors like Jeff, a mid-40s Gen Xer contemplating a 401k rollover. Explore a variety of strategies, including Tyler's Golden Butterfly, the Weird Portfolio by Value Stock Geek, and Jared Dillian's Awesome Portfolio. Discover how these can complement ventures in real estate or business, and draw inspiration from Bruce Lee's philosophy to tailor an approach uniquely your own. Whether you're a novice or a seasoned investor, expect to walk away with practical advice and fresh perspectives to enhance your financial strategy.Support the show

In this episode we answer emails from David, Jennifer and Byron.  We discuss Risk Parity books and finance books and sources in general, considerations in taking control of a complicated portfolio from a (former) AUM advisor, and portfolio considerations for the younger investor considering tech, leverage and other various and sundry things.Links:Book #1:  Risk Parity: How to Invest for All Market Environments by Alex Shahidi | GoodreadsBook #2:  Risk Parity Fundamentals by Edward E Qian | GoodreadsBook #3:  Introduction to Risk Parity and Budgeting by Thierry Roncalli | GoodreadsRisk Parity Radio RSS Feed Page:  Risk Parity Radio RSS Feed (buzzsprout.com)Ben Felix Video On Leverage:  Investing With Leverage (Borrowing to Invest, Leveraged ETFs) (youtube.com)Amusing Unedited AI-Bot Summary:Prepare to unlock the secrets of risk parity investing and transform your retirement portfolio. Ever wondered which books can truly elevate your understanding of risk parity? We offer a curated list of essential reads, including Alex Shahidi's "Risk Parity: How to Invest for All Market Environments," to guide you in this complex yet rewarding approach. These books cater to the savvy investor ready to harness academic and professional insights, focusing on diversification and modern portfolio theory as powerful tools for financial success.Navigating the maze of investments alone can be daunting, especially post-advisor. Jennifer's story highlights the challenges and opportunities of consolidating a vast portfolio without triggering hefty tax bills. We provide actionable strategies to streamline investments, emphasizing the critical role of cost basis data and aligning your current holdings with future goals. Tax efficiency takes center stage, with insights into evaluating investment overlaps, leveraging different account types, and smartly planning around income changes to maintain a cohesive and tax-savvy portfolio.Are you ready to supercharge your investments for growth? Self-employed young investor Byron's journey reveals the excitement and risks of tech and leveraged ETFs in an aggressive growth strategy. Balancing high-risk potential with a thoughtful approach is key, and we emphasize the importance of a low-cost index-based portfolio strategy. With humor and practicality, we explore how to achieve impressive returns while managing risks, encouraging a balanced investment approach that doesn't gamble your financial future. Clear financial goals and consistent strategies are your allies in navigating the unpredictable markets.Support the show

#191: Grow your wealth and build a resilient portfolio by making smarter decisions with these 11 investing lessons. Financial advisor Ben Carlson and I share actionable insights on managing risk, overcoming psychological barriers in investing, and the power of simplicity and diversification to ensure long-term, fulfilling financial success. Ben Carlson is the Director of Institutional Asset Management at Ritholtz Wealth Management and the author of four books on investing and personal finance. He runs the popular blog A Wealth of Common Sense, where he shares insights on financial markets and investing strategies. Ben also co-hosts Animal Spirits, one of my favorite podcasts. Link to Full Show Notes: https://chrishutchins.com/ben-carlson-money-lessons Resources Mentioned Ben Carlson: Website | Animal Spirits Podcast | X 20 Lessons From 20 Years of Managing Money My All-Time High in Savings You Probably Need Less Money Than You Think For Retirement Wealthfront Risk Parity Fund | What is Risk Parity? JP Morgan: S&P 500 Market Concentration Chart Fractional Vacation Homes: Pacaso Paula Pant's Podcast: Afford Anything Safe Withdrawals: Free DIY Withdrawal Rate Toolbox | Safe Withdrawal Rate Series Study: Spending Habits of Retirees ATH Podcast Ep #41: Beating Inflation, Alternative Assets, and Simplifying Your Finances with Ben Carlson Ep #59: Save Money, Build Wealth and Just Keep Buying with Nick Maggiulli Ep #91: Die With Zero: Net Fulfillment Over Net Worth with Bill Perkins Ep #117: Navigating a High Rate Market: Buying a Home, Preparing for a Recession and Where to Put Cash with Ben Carlson Ep #168: Building an Investment Portfolio to Grow and Protect Your Wealth with Chris Doyl Ep #180: Stocks vs. Real Estate: What's the Best Investment to Build Wealth? Ep #186: 25 Money Rules (and When to Break Them) with Brian Feroldi Ep #189: Beyond the 4% Rule: Smarter Strategies for Financial Independence with Karsten Jeske Join our Newsletter Follow & Review on Apple Podcasts Email us for questions, tips, deals and feedback Full Show Notes (00:00) Introduction (02:30) Experience in Investing Is Not the Same as Expertise (03:24) Intelligence Doesn't Guarantee Investment Success (05:42) No One Lives Life in the Long Term (07:32) Experiences Shape Your Perception of Risk (10:12) The Biggest Risks Are Always the Same yet Different (13:29) Optimism Should Be Your Default (20:03) There Is No Such Thing as a Perfect Portfolio (22:31) Overthinking Can Be Just as Debilitating as Not Thinking at All (24:30) How to Think About a Simple Portfolio with International Exposure (26:17) Less Is More (30:17) Ways to Reduce Overthinking (32:02) Tax Loss Harvesting vs. Direct Indexing (39:02) Why Ben Wrote a Post on 20 Money Lessons (40:11) Lesson #10: There Is a Big Difference Between Rich and Wealthy (43:37) The Reason Ben and Chris Invested in Holiday Homes (48:27) What's a Reasonable Amount to Save? (51:29) You Probably Need Less Money Than You Think for Retirement (56:47) The Final Biggest Takeaway Connect with Chris Newsletter | Membership | Twitter | Instagram | LinkedIn Editor's Note: The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.

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In this episode we answer emails from Ed, Cy, Visitor 5002, and Lucas.  We discuss preferred shares funds, rebalancing and ranting, how the podcast sausage is made and Risk Parity Chronicles.  And the charitable matching opportunity with the Financial Quarterback for the benefit of the Father McKenna Center.Links:  Father McKenna Center Donation Page (don't forget to include "The Financial Quarterback Match" in the comment/dedication box):  Donate - Father McKenna CenterFinancial Quarterback Podcast With Yours Truly:  Breaking Down the Holy Grail of Diversified Portfolios w/ Frank Vasquez Jr. (Risk Parity Radio) (youtube.com)PFFV On Morningstar:  PFFV – Global X Variable Rate Preferred ETF – ETF Stock Quote | MorningstarRisk Parity Chronicles On YouTube:  Risk Parity Chronicles - YouTubeGolden Butterfly Portfolio In Depth:  Golden Butterfly Portfolio – Portfolio ChartsUnedited Artificial Intelligence Description:Ever wondered how to double the impact of your charitable donations while navigating the world of preferred shares funds? On this episode of Risk Parity Radio, we kick things off with something special—a segment dedicated to answering listener emails and revealing our latest charitable promotion for the Father McKenna Center. Learn about an incredible matching donation opportunity connected to my appearance on the Financial Quarterback podcast, and hear about a clever donation strategy using donor-advised funds suggested by our listener, David.Thinking about adding preferred shares to your portfolio but not sure where to start? Listener Ed's email prompts a deep dive into the mechanics and benefits of preferred shares funds. Discover why these funds are appealing, particularly for those in high tax brackets, as we compare ETFs such as PFF, PGX, PFXF, and FPE. I'll share my current top picks, PFFV and PFFD, which boast lower expense ratios and higher dividend payouts, and discuss the tax advantages of qualified dividends. Whether you're looking to enhance your yield or add stability to your investments, this segment is packed with actionable insights.Finally, we turn our focus to the critical practice of portfolio rebalancing, illustrating how this strategy can help you buy low and sell high. We'll share recent examples to highlight its effectiveness, all while adding a bit of entertainment with a playful nod to "Willy Wonka & the Chocolate Factory." Don't forget to engage with us by subscribing, giving ratings, and leaving reviews on your favorite podcast platforms. Tune in for a perfect blend of insightful financial advice, engaging listener interactions, and tips on making a difference through thoughtful charitable contributions.Support the Show.

Are you maximizing your portfolio's potential for financial independence? In this episode, Josh welcomes Frank Vasquez Jr., host of Risk Parity Radio, for an in-depth conversation. Together, they explore Frank's journey from international arbitration to becoming a financially independent investor, sharing strategies for managing diversified portfolios. Josh and Frank delve into the importance of risk parity investing, a method designed to balance risk across various asset classes. They discuss common pitfalls like recency bias, which can skew long-term financial planning. Frank provides valuable insights on constructing portfolios that include a mix of equities, bonds, and alternative assets to ensure stability across different economic conditions. They also cover the role of long-term bonds in diversifying investments and optimizing safe withdrawal rates for retirees. The discussion rounds out with Frank sharing his passion for community involvement and his work with the Father McKenna Center in Washington, D.C. Can't get enough of the Financial Quarterback? Click 'Subscribe' to never miss a play. New episodes touchdown right here! Loving the playbook? Drop us a 5-star rating and share your thoughts in a review. Your feedback fuels the game plan!

Frank Vasquez is a financially independent retired lawyer who hosts a great podcast, Risk Parity Radio, where he talks about risk parity investing concepts from the perspective of DIY investors.This is our second conversation. I highly recommend that you also check out our first one.This is a very wide ranging discussion.Links* Frank's Risk Parity Radio website, where he posts podcast episodes and also posts detailed updates on real-money risk parity portfolios. https://www.riskparityradio.com/* Our first conversation on this podcast: DisclaimerNothing on this podcast is investment advice.The information in this podcast is for information and discussion purposes only. It does not constitute a recommendation to purchase or sell any financial instruments or other products.  Investment decisions should not be made with this article and one should take into account the investment objectives or financial situation of any particular person or institution.Investors should obtain advice based on their own individual circumstances from their own tax, financial, legal, and other advisers about the risks and merits of any transaction before making an investment decision, and only make such decisions on the basis of the investor's own objectives, experience, and resources.The information contained in this podcast & show notes is based on generally-available information and, although obtained from sources believed to be reliable, its accuracy and completeness cannot be assured, and such information may be incomplete or condensed.Investments in financial instruments or other products carry significant risk, including the possible total loss of the principal amount invested. This podcast, the host, and the guest do not purport to identify all the risks or material considerations that may be associated with entering into any transaction. This host & guest accepts no liability for any loss (whether direct, indirect, or consequential) that may arise from any use of the information contained in or derived from this content. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.securityanalysis.org/subscribe

Prices were around $89/bbl last week, but since then there's been a noticeable uptick - not quite reaching $92/bbl and oscillating around $90/bbl since. Refinery margins have weakened, with refined products struggling - with the exception of gasoline. Gasoil is extremely weak, with poor distillate performance in all regions. EBOB has seen greater strength with the market keen to buy into last week's weakness. Looking to our macro news segment, James unpacks the latest headlines shaking up financial markets. A significant move ensued yesterday (Wednesday 10th April) following yet another robust CPI print. Notably, 2-year bond yields surged a staggering 23 basis points, marking a substantial 4.6% increase on the day. Concurrently, the dollar strengthened by over 1%, sending equities futures tumbling by 1.4% on the open. The Federal Reserve finds itself in a delicate position after adopting a dovish stance in Q4 2023, with the Overnight Index Swap (OIS) now pricing in just 42 basis points of cuts this year. As commodities face headwinds amidst tighter financial conditions and a stronger dollar, James, Greg and Martha analyse the implications for investors and the broader economic landscape. The trade idea for this week is to short the May/Jun C3 CP spread. You can watch this trade idea in further detail here: https://youtu.be/8N2bNTOYOqcIf you would like to connect with any of our hosts on LinkedIn, please click on the hyperlinks below: Greg Newman: https://www.linkedin.com/in/oilderivatives/Martha Dowding: https://www.linkedin.com/in/martha-dowding-ab84801a6/James Brodie: https://www.linkedin.com/in/jamesbrodiecmt/Chapters for this episode are:0:00 Welcome 1:43 This week in trading 5:58 Macro market news 25:00 Refinery margins 34:04 Ones to watch 41:43 Poll results and outro

On this new TDAM Talks ETFs podcast, Jonathan Needham, VP and Director, ETF Distribution, TDAM, and Thomas Grant, VP, ETF Capital Markets, TDAM, welcome special guest Julien Palardy, Managing Director, Quantitative and Passive Investing, TDAM, to discuss how quantitative investment strategies may assist investors with navigating an ocean of data by learning from the past and looking into the future to help achieve their investing goals.     For a full transcript in English and French, please visit the TD Asset Management Podcast page: https://www.td.com/ca/en/asset-management/insights/Please follow "TD Asset Management" on LinkedIn: https://ca.linkedin.com/showcase/tdassetmanagement/X: @tdam_canada

Intellectual curiosity is a guiding principle for Katherine Molnar, CIO at Fairfax County Police Officers Retirement System (PORS). Katherine began investing as a teenager with the money she earned from summer jobs. She regularly questioned the critical elements of investing and often explored deep technical details in search of an answer. Eagerness for knowledge is a through line in Katherine's career, motivating her to find innovative methods to strengthen portfolios. Prior to working at Fairfax County PORS, Katherine spent a decade at AIG Investments (later Pinebridge Investments) where she became deeply acquainted with hedge funds and how they respond to various environments. This experience made for a seamless transition into her role at Fairfax County PORS, where the team was developing all-weather portfolios. Largely dependent on risk parity, this all-weather approach seeks to balance risks between numerous factors and maintain adequate performance regardless of the current state of economic growth and inflation. “So whether that is expansion, contraction, trough or peak, we try to have a portfolio where something is always working.” In this episode we discuss: Risk parity and building all-weather portfolios Intellectual curiosity The power of liquidity After graduating from the University of North Carolina-Chapel Hill with a Bachelor of Science in Business Administration/Finance, Katherine spent two years in Frankfurt, Germany where she worked as an intern for J.P. Morgan. Katherine continued to expand her global perspective in Warsaw, Poland and London, England. In the former, she helped launch the first retail mutual fund in the polish market; in the latter, she worked as Vice President, Senior Research Analyst for AIG. She then transitioned to her current position of Chief Investment Officer at Fairfax County Police Officers Retirement System.    Resources: Top Traders Unplugged | 7 Allocator Series: Learnings from Fairfax County ft. Katherine Molnar and Andrew Spellar   Listen to Other Successful Investors: Charmel Maynard (University of Miami) | Paying It Forward Aoiffin Devitt (Moneta Group) | Finding Clarity Ari Bergmann (Penso Advisors) | The Edge in Hedges   Chapter Summaries: [00:03:00] An Early Start to Investing [00:04:00] Studying at UNC [00:09:02] Hedge Funds at AIG [00:14:11] Liquidity and Financial Crises [00:27:28] Risk Parity and All-Weather Portfolios [00:40:38] Relationships with Managers [00:48:30] Transitioning to Fairfax County PORS [00:58:39] Intellectual Curiosity   Disclaimer: This podcast is not investment advice, and should not be relied upon as a basis for investment decisions. All content in this podcast reflects the opinions and views of the speakers. This podcast is for informational purposes only, without representation as to accuracy or completeness. The guest(s) on this episode did not have a client relationship with SEI Novus at the time of recording.

In this episode we answer emails from Justin of Risk Parity Chronicles and Chris.  We discuss Justin's new blogpost and a new fund that mixes stocks and managed futures, RSST, and follow up on Episode 288 with some useful references from Chris.And THEN we our go through our weekly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio.   We have a rebalancing of the Levered Golden Ratio portfolio.Additional links:Justin's Blog Post:  Quick Musings on RSST (riskparitychronicles.com)Corey Hoffstein's Return Stacked Portfolio:  Show Us Your Portfolio: Corey Hoffstein - YouTubeAndrew Beer Interview on Forward Guidance:  How Hedge Funds Take Too Much Of Investors' Money (Way Too Much) | Andrew Beer - YouTubeWikipedia Article about Modern Portfolio Theory: Modern portfolio theory - Wikipedia MIT Opencourseware for Finance and MPT: Ses 14: Portfolio Theory II - YouTube Khan Academy Video on Normal Distributions:  Introduction to the normal distribution | Probability and Statistics | Khan Academy - YouTube Normal Distribution Calculator:   Normal Distribution Applet/Calculator (uiowa.edu)Walk4McKenna:  Walk4McKenna - Father McKenna CenterSupport the show

In this episode we answer a loooooong email from Kevin.   We discuss how to use backtesting and Monte Carlo simulations and how they related to safe and perpetual withdrawal rates, classic and modified Risk Parity-style portfolios, assorted variables and metrics, sizing allocations, Kevin's overall portfolio.  And conclude with Monty Python and Kevin singing.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:Early Retirement Now Toolbox with Over 100 Years of Data:  An Updated Google Sheet DIY Withdrawal Rate Toolbox (SWR Series Part 28) - Early Retirement NowRay Dalio Holy Grail Principle Video:  Ray Dalio breaks down his "Holy Grail" - YouTubeMichael Kitces Risk Parity Article:  Microsoft Word - Kitces Report November-December 2013 - RISK PARITY - FINALBill Bernstein TIPS Ladder Article:  Riskless at Age 104 - Articles - Advisor PerspectivesWealth of Common Sense Article re the Epidemic of Over-saving:  You Probably Need Less Money Than You Think For Retirement - A Wealth of Common SenseWalk4McKenna Sign-up Page:  Walk4McKenna - Father McKenna CenterSupport the show

Frank Vasquez is a retired lawyer with degrees in economics and engineering from Cal Tech and a law degree from Georgetown. Frank's focus is on risk parity investing for DIY investors. He believes in constructing portfolios of diversified asset classes to achieve a smoother and more reliable rate of return which helps maximize safe withdrawal rates during retirement. Additionally, these portfolios are useful for intermediate term goals or for those who simply want the behavioral benefit of reduced volatility.He runs a great podcast called ‘Risk Parity Radio' where he discusses risk parity investing concepts. On the podcast, he covers core investing concepts and answers questions from the audience. I highly recommend that you check out his podcast. It is very entertaining and contains a wealth of information.Frank is an expert on the topic of risk parity. His podcast is a tremendous educational tool for anyone interested in this style of investing.Links:* Frank's Risk Parity Radio website, where he posts podcast episodes and also posts detailed updates on real-money risk parity portfolios. https://www.riskparityradio.com/* The Portfolio Charts website. Tyler, who has also been on this podcast, runs this website that features some of the sample portfolios discussed. https://portfoliocharts.com/* The Portfolio Visualizer website. This is another incredibly powerful tool for investors to examine the performance of funds and asset classes. https://www.portfoliovisualizer.com/* Common Sense Investing by Jack Bogle, which covers the concept of the macro allocation principle. https://www.amazon.com/Little-Book-Common-Sense-Investing/dp/0470102101DisclaimerNothing on this podcast is investment advice.The information in this podcast is for information and discussion purposes only. It does not constitute a recommendation to purchase or sell any financial instruments or other products.  Investment decisions should not be made with this article and one should take into account the investment objectives or financial situation of any particular person or institution.Investors should obtain advice based on their own individual circumstances from their own tax, financial, legal, and other advisers about the risks and merits of any transaction before making an investment decision, and only make such decisions on the basis of the investor's own objectives, experience, and resources.The information contained in this podcast & show notes is based on generally-available information and, although obtained from sources believed to be reliable, its accuracy and completeness cannot be assured, and such information may be incomplete or condensed.Investments in financial instruments or other products carry significant risk, including the possible total loss of the principal amount invested. This podcast, the host, and the guest do not purport to identify all the risks or material considerations that may be associated with entering into any transaction. This host & guest accepts no liability for any loss (whether direct, indirect, or consequential) that may arise from any use of the information contained in or derived from this content. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.securityanalysis.org/subscribe

In this episode we answer emails from Drew, Carlos and Eric.  We discuss the UPAR and RPAR risk parity ETFs and their construction, rant a bit about TIPS, discuss attractive narratives about de-dollarization in the context of cognitive biases (the possibility effect and ignoring base rates) and how our adult children use a Golden Ratio-style portfolio to save for intermediate goals.Links:Father McKenna Center donation page:  Donate - Father McKenna CenterUPAR webpage:  UPAR Risk Parity ETF (rparetf.com)Michael Kitces interview:  Michael Kitces: How Higher Yields Affect Asset Allocation and Retirement Planning | The Long View (simplecast.com)De-dollarization article:  De-dollarization Has Begun. | AIERSupport the show

In this episode we answer emails from Kevin, Graham and Boone.  We discuss the risk parity ETFs, RPAR and UPAR, leveraged portfolios, alternative assets, ETFs and some of the podcasts I'm listening to these days.Links:RPAR webpage:  RPAR Risk Parity ETF (rparetf.com)Risk Parity Book Review:  Top 10 Risk Parity Resources: #10... Shahidi (2021) (riskparitychronicles.com)CFA Institute Manual Article:  chapter-4-from-managing-multiasset-strategies-2018.pdf (callan.com)Rational Reminder Video about Leverage:  Investing With Leverage (Borrowing to Invest, Leveraged ETFs) - YouTubeSound Investing Podcast:  Sound Investing on Apple PodcastsMoney With Katie Podcast:  The Money with Katie ShowMoney With Katie Portfolio Analysis Blogpost:  How to Diversify Outside of the Total Stock Market — Millennial Money with KatieRamit Sethi Podcast:  Podcast - I Will Teach You To Be RichMacro Trading Floor Podcast:  The Macro Trading Floor on Apple PodcastsEurodollar University Podcast:  General 2 — Eurodollar UniversityGestalt University Podcast:  Resolve's Gestalt University on Apple PodcastsAlpha Exchange Podcast:  Alpha Exchange on Apple PodcastsExcess Returns YouTube Channel (Corey Hoffstein Episode):  Show Us Your Portfolio: Corey Hoffstein - YouTubeRetirement Planning Education YouTube Channel:  Retirement Planning Education - YouTubeSupport the show

In this episode we answer two looooong emails from Mark and Andreas.  We discuss Mark's quandaries with a 457 plan and Andreas's Risk Parity fever brought on by topics that include how to choose ETFs for each asset class, leverage in bond funds, TIPS, a proposed portfolio, other alternatives like long-short, market neutral and options strategies and musings about taxes and currency exposures.   And then we conclude with Polo Hofer.Links:Father McKenna Center donation page:  Donate - Father McKenna CenterRisk Parity Chronicles video tutorial on asset swapping:  How to Do an Asset Swap - YouTubeRisk Parity Chronicles series on TIPS:  Eight Observations About TIPS (riskparitychronicles.com)ETF Database:  ETF Database: The Original & Comprehensive Guide to ETFs (etfdb.com)Bloomberg Presentation on Asset Classes in Inflationary Environments:  MH201-SteveHou-Bloomberg.pdf (markethuddle.com)Vanguard Commodities Paper:  Commodity investing and its role in a portfolio (vanguard.com)Antti Ilmanen books:  Books by Antti Ilmanen (Author of Expected Returns) (goodreads.com)EconoMe Conference:  EconoMe Conference - March 17th-19th, 2023Support the show

CPI hits the bullseye – perfectly inline with expectations. Optimism returns – market on the move - but what about those pesky valuations? Earnings season – starts...right now. Our guest Alex Shahidi – Evoke Advisors, talking about Risk Parity. Check this out and find out more at: http://www.interactivebrokers.com/ Alex is a Managing Partner and Co-Chief Investment Officer at Evoke Advisors. Alex has over 22 years of experience as an investment consultant managing multibillion-dollar portfolios. He began his career at Merrill Lynch, where he led one of the firm's largest institutional consulting groups, advising more than $10 billion in assets. In 2014, Alex co-founded ARIS, where he, along with co-founder Damien Bisserier, oversaw the firm's research and client service efforts. In 2019, they launched the RPAR Risk Parity ETF, which quickly became one of the largest Alternative ETFs in the country. ARIS merged with Evoke Advisors in 2020 and the combined firm currently advises over $20 billion in assets. Alex focuses on advising large pension funds, foundations, endowments, and ultra-high-net-worth families. He works with his clients in a variety of financial areas including developing investment policy statements, managing asset allocation, selecting managers, monitoring portfolio performance, and creating financial plans. Alex is a Chartered Financial Analyst (CFA®), a Certified Investment Management Analyst (CIMA®), a Certified Financial Planner (CFP®), a Chartered Life Underwriter (CLU®), and a Chartered Financial Consultant (ChFC®). Barron's magazine has repeatedly ranked him as one of America's Top 100 Independent Financial Advisors, Top 1,200 Financial Advisors and Top 1,000 Financial Advisors. Alex graduated cum laude from University of California, Santa Barbara, with degrees in business economics and law. He earned a JD from the University of California, Hastings Law School, and is a licensed attorney in California. Alex is a prolific writer. His first book titled Balanced Asset Allocation: How to Profit in Any Economic Climate, was released in late 2014. The article introducing the premise of the book was recognized with the IMCA 2012 Stephen L. Kessler Writing Award as well as in the Wall Street Journal, Market Watch, Money News, Fidelity.com, and Wall Street Daily. In 2021, he launched his second book titled Risk Parity: How to Invest for All Market Environments. Alex has been interviewed on Bloomberg Television and Radio, BBC World News, and Yahoo Finance and for articles in the Wall Street Journal, Barron's, and other major publications. He has also been featured in numerous podcasts including Capital Allocators, The Investor's Podcast, and Seeking Alpha. Alex is also a member of the Forbes Finance Council and regularly contributes content for Forbes.com. Table Discussed in this episode Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy - HERE Stocks mentioned in this episode: (SPY), (AMZN), (SBUX)

In this episode we answer emails from Bradley, Chris and Andreas.  We discuss traditional versus Roth considerations in retirement accounts, REITs, some risk parity fundamentals about the interplay between asset classes and macroeconomic environments and how that relates to correlations, a recent risk parity backtest to 1926 and the real reasons to use small cap value allocations.  I'm telling you, fellas, you're gonna want that Cowbell!Links:REIT Sectors and Directory:  REIT Sectors | NareitEpisode 5 Bridgewater Article on Risk Parity Fundamentals:  Microsoft Word - 2009.12 AW Info Pack.doc (granicus.com)Early Retirement Now Article re Small Cap Value:  My thoughts on Small-Cap and Value Stocks – Early Retirement NowAnalysis of Small-Cap Value vs. Total Market since 1972:  Backtest Portfolio Asset Class Allocation (portfoliovisualizer.com)Bloomberg Presentation re Performance of Various Asset Classes in Inflationary Environments:  MH201-SteveHou-Bloomberg.pdf (markethuddle.com)Merriman Podcast (12/21/2022) on Small Cap Value Stocks:  10 reasons small-cap value can make you richer - Paul MerrimanSupport the show

Today's guests are Damien Bisserier and Alex Shahidi, Co-CIOs of Evoke Wealth, a $20b+ billion RIA. They also entered the ETF game in 2019 when they launched the RPAR Risk Parity ETF.  In today's episode, we're talking all things risk parity.  The guys share their approach to portfolio construction, which focuses on risk management and while still seeking an attractive expected return.  We also talk about what true diversification looks like, something many investors are learning in a year with both stocks and bonds down.  As we wind down, we discuss the benefits of utilizing the ETF structure compared to mutual funds or SMAs. ----- Follow Meb on Twitter, LinkedIn and YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- This episode is sponsored by AcreTrader. AcreTrader is an investment platform that makes it simple to own shares of farmland and earn passive income, and you can start investing in just minutes online. For more information, please visit acretrader.com/meb. ----- Interested in sponsoring the show? Email us at Feedback@TheMebFaberShow.com ----- Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more.  ----- Meb's invested in some awesome startups that have passed along discounts to our listeners. Check them out here! 

In this episode we answer emails from Ethan, Eric, MyContactInfo and Jon.   We discuss using the Golden Ratio portfolio for intermediate accumulations, Hedgehogs and Foxes in economic forecasting, total bond funds, momentum factor investing and Frankie Goes To Hollywood.And THEN we our go through our weekly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio.  With rebalancing this week!Additional links:Wealthtrack Interview of Jim Grant:  INFLATION'S DAMAGE: FINANCIAL CONSEQUENCES & INVESTMENT STRATEGIES WITH HISTORIAN JAMES GRANT : WealthTrackFlirting With Models Podcast with Andrew Beer (DBMF):  Flirting with Models: Andrew Beer - Replicating Hedge Fund Beta (S5E9) (libsyn.com)Bogleheads Forum Link on Total Bond Funds:  Bogle said 75% Total Bond and 25% Investment Grade Corp. Bond? - Bogleheads.orgFama on Momentum Article (I found it!):  Fama on Momentum (aqr.com)Support the show

In this episode we answer emails from Harvey (a large rodent), MyContactInfo and Mark.  We discuss the Dragon Portfolio and managed futures funds like DBMF, reprise Episode 202,  some common mistakes of amateur investors, reverse mortgages (briefly), and how we have incorporated and modified classic and theoretical risk parity principles.Links:Recent Interview of Andrew Beer (DBMF):  214 Systematic Investor Series ft. Andrew Beer – October 16th, 2022 | Top Traders UnpluggedHarvey's First Link re Dragon Portfolio:  How to Build a Recession-Proof Investment Portfolio (w/ Danielle DiMartino-Booth & Chris Cole) - YouTubeHarvey's Second Link re Dragon Portfolio:  How to Build the Dragon Portfolio - YouTubeIn Pursuit of the Perfect Portfolio book:  In Pursuit of the Perfect Portfolio: The Stories, Voices, and Key Insights of the Pioneers Who Shaped the Way We Invest by Andrew W. Lo (goodreads.com)CFA Manual Chapter re Risk Parity:  chapter-4-from-managing-multiasset-strategies-2018.pdf (callan.com)Early Retirement Now Gold Study:  Using Gold as a Hedge against Sequence Risk – SWR Series Part 34 – Early Retirement NowSupport the show

In this episode we answer emails from MyContactInfo, Rob and Justin.  We discuss a paper about GDP and the problems with using it to predict stock market returns, why China may never overtake the U.S. and ascend to reserve currency status and a most excellent rebalancing resource you can find at the Risk Parity Chronicles website and blog.Links:Economic Growth and Equity Returns Paper:  Microsoft Word - EconGrowth.doc (ssrn.com)GDP Article:  Gross domestic product - WikipediaRisk Parity Chronicles Rebalancing Resource:    Version 1.1 of the Simple Portfolio Rebalancing Spreadsheet (riskparitychronicles.com)Support the show

Today I welcome Alex Shahidi onto the show, Managing Partner & Co-Chief Investment Officer at Evoke Advisors. Alex has over 22 years of experience as an investment consultant managing multibillion-dollar portfolios. At Evoke Alex focuses on advising large pension funds, foundations, endowments, and ultra-high-net-worth families, the firm currently advises over $20 Bn in assets.Alex's career began at Merill Lynch where he worked for 15 years and achieved the coveted position of managing director, leading one of the firm's largest institutional consulting groups advising on more than $10bn in assets. Alex is also a talented writer in 2014 he published ‘a balanced Asset Allocation: How to Profit in Any Economic Climate' and recently In 2021 he launched his second book titled ‘Risk Parity: How to Invest for All Market Environments'.In this interview, we discuss the 3 macro scenarios that could play out in this economic environment, has inflation peaked and how to construct a balanced portfolio something that's particularly interesting given the situation we're currently in. Enjoyevokeadvisors.comamazon.co.uk/Risk-Parity-Invest-Market-Environments/dp/1119812569Thanks to Cofruition for consulting on and producing the podcast. Want further Opto insights? Check out our daily newsletter: https://www.cmcmarkets.com/en-gb/opto/newsletter------------------Past performance is not a reliable indicator of future results. CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment, or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction, or investment strategy is suitable for any specific person.The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.CMC Markets does not endorse or offer opinions on the trading strategies used by the author. Their trading strategies do not guarantee any return and CMC Markets shall not be held responsible for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein.

For this week's special episode, Adam, Mike, Rodrigo and Richard gathered to explore the building blocks of an ultimate All Weather portfolio. Our conversation included: The blind spots of the 60/40 stock-bond portfolio Regime dependency and economic shocks Diversifiable versus non-diversifiable risks How to create an optimal portfolio that can navigate most regimes Why Global Risk Parity is the natural starting point for any investor with a long-term view Different ways to implement Risk Parity Time horizons and rebalancing Tactical tilts and the beta-alpha continuum Yield as another proxy for risk Global Carry as a complement to risk parity beta The Existence Proof as a threat to alpha Trend following, seasonality, carry, counter-trend, relative value and volatility Why one man's alpha can sometimes be another's (smart) beta Ensembles and thinking beyond traditional factors Considering speed and size And much more This is “ReSolve's Riffs” – live on YouTube every Friday afternoon to debate the most relevant investment topics of the day, hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global* and Richard Laterman of ReSolve Asset Management Inc.   *ReSolve Global Inc. refers to ReSolve Asset Management SEZC (Cayman) which is registered with the Commodity Futures Trading Commission as a commodity trading advisor and commodity pool operator. This registration is administered through the National Futures Association (“NFA”). Further, ReSolve Global Inc. is a registered person with the Cayman Islands Monetary Authority.  

In this episode we take a deep dive into risk parity with Adam Butler of Resolve Asset Management. We discuss the foundational principles of the strategy and its advantages over standard stock and bond portfolios. We also dig into the details of how risk parity portfolios are constructed and address some of the major misconceptions about the strategy. We hope you enjoy the discussion. ABOUT THE PODCAST Excess Returns is an investing podcast hosted by Jack Forehand (@practicalquant) and Justin Carbonneau (@jjcarbonneau), partners at Validea. Justin and Jack discuss a wide range of investing topics including factor investing, value investing, momentum investing, multi-factor investing, trend following, market valuation and more with the goal of helping those who watch and listen become better long term investors. SEE LATEST EPISODES https://www.validea.com/excess-returns-podcast FIND OUT MORE ABOUT VALIDEA https://www.validea.com FOLLOW OUR BLOG https://blog.validea.com FIND OUT MORE ABOUT VALIDEA CAPITAL https://www.valideacapital.com FOLLOW JACK Twitter: https://twitter.com/practicalquant LinkedIn: https://www.linkedin.com/in/jack-forehand-8015094 FOLLOW JUSTIN Twitter: https://twitter.com/jjcarbonneau LinkedIn: https://www.linkedin.com/in/jcarbonneau

This week Adam and Rodrigo of ReSolve Global* had the pleasure of speaking with Jason Josephiac of Meketa Investment Group. Our conversation spanned topics including: His background in the industry and joining Meketa Asset Allocation: label/category diversification vs. risk/functional diversification Risk Parity vs. Traditional Asset Allocation What Portable Alpha Synthetically creating your own “bond” with risk factors not directly tied to spreads and rates Risk Mitigating Strategies (RMS) Long Volatility – 1st Responders Trend Following – 2nd Responders Beta Neutral and Uncorrelated (Diversifiers) Behavioral/psychological biases of investors Why “hedge funds” are not an asset class and many “hedge fund” programs tend not to withstand the test of time What is risk? Generalists vs. Specialists How LDI portfolios could be improved Evolution of dissecting returns and understanding factor risks, what is alpha vs. beta How can investment managers and investors become better aligned?   Thank you very much for tuning in – please like and share if you find the content valuable!   *ReSolve Global refers to ReSolve Asset Management SEZC (Cayman) which is registered with the Commodity Futures Trading Commission as a commodity trading advisor and commodity pool operator. This registration is administered through the National Futures Association (“NFA”). Further, ReSolve Global is a registered person with the Cayman Islands Monetary Authority.

Our guest this week is Cliff Asness. Cliff is a founder, managing principal, and chief investment officer at AQR Capital Management. Cliff writes often about investing and financial matters on AQR's website and has been a prolific researcher throughout his career, with his contributions appearing in many of the leading scholarly journals, including the Journal of Portfolio Management, Financial Analyst Journal, the Journal of Finance, and the Journal of Financial Economics. This work has earned him accolades, including the James R. Vertin Award, which the CFA Institute bestows on those who produced a body of research notable for its relevance in enduring value to investment professionals. Before cofounding AQR, Cliff was a managing director and director of quantitative research for the asset-management division of Goldman Sachs. He earned dual bachelor's degrees, one in economics from the Wharton School and another in engineering from the Moore School of Electrical Engineering at the University of Pennsylvania, as well as an MBA and Ph.D. in finance from the University of Chicago. We recorded this episode live and in person at the annual Morningstar Investment Conference, which was recently held in Chicago.BackgroundBio@CliffordAsnessReturn Environment Antti IlmanenInvesting Amid Low Expected Returns: Making the Most When Markets Offer the Least, by Antti Ilmanen“Demystifying Illiquid Assets: Expected Returns for Private Equity,” by Antti Ilmanen, Swati Chandra, and Nicholas McQuinn, aqr.com, Jan. 31, 2019.“The Illiquidity Discount?” by Cliff Asness, aqr.com, Dec. 19, 2019.“Why Not 100% Equities,” by Clifford Asness, aqr.com, Dec. 1, 1996.“Leverage Aversion and Risk Parity,” by Clifford S. Asness, Andrea Frazzini, Lasse H. Pedersen, aqr.com, January/February 2012.“An Update to Cliff Asness's Study on the Benefits of a Levered 60/40,” by Jeremy Schwartz, wisdomtree.com, May 20, 2021.“Are Value Stocks Cheap for a Fundamental Reason?” by Cliff Asness, aqr.com, Aug. 30, 2021.“The Long Run Is Lying to You,” by Cliff Asness, aqr.com, March 4, 2021.“Quant Legend Cliff Asness Is Back to Defending Value Again,” by Justina Lee, Bloomberg.com, July 15, 2021.“Still Crazy After All This YTD,” by Cliff Asness, aqr.com, May 9, 2022.“Everything and More,” by Cliff Asness, aqr.com, April 4, 2022.“Bonds Are Frickin' Expensive,” by Cliff Asness, aqr.com, Aug. 13, 2019.“Should Taxable Investors Shun Dividends?” by Ronen Israel, Joseph Liberman, Nathan Sosner, Lixin Wang, The Journal of Wealth Management, Winter 2019.ESG“Cliff Asness Says ESG Is Here to Stay Amid Growing Interest,” by Isabelle Lee and Silla Brush, Bloomberg.com, May 17, 2022.“Shorting Counts,” by Cliff Asness, aqr.com, Feb. 23, 2022.“Shorting Your Way to a Greener Tomorrow,” by Cliff Asness, aqr.com, Sept. 7, 2021.“Virtue Is Its Own Reward: Or, One Man's Ceiling Is Another Man's Floor,” by Cliff Asness, aqr.com, May 8, 2017.Taxes“Now There's Nothing Certain But Death,” by Cliff Asness, aqr.com, Jan. 15, 2021.

Our guest this week was Rob Van Wielingen, President & CEO of Viewpoint Investment Partners, a boutique investment management firm offering systematic strategies to private and institutional investors. Our conversation included: The Van Wielingen family background in the oil and gas industry Rob's decision at an early age to focus on finance and technology Learning from his grandfather's experience: “I know what it's like to be rich – I've been rich three times” How the family gradually moved from highly concentrated allocations in energy companies to diversified portfolios The logical fallacy of active vs passive as the starting point for rethinking their investment approach Why the path to becoming rich is diametrically opposed to that of staying rich Trial by fire – launching the business during the Great Financial Crisis From rudimentary spreadsheets to ‘full blown quant' The trouble with lagged and infrequent data Embracing the ideas of Return Stacking The differences between Risk Parity and Risk Budgeting Recursive Risk Parity – drawing the best ideas from different approaches Human nature vs systematic approaches Carry, Trend, and how asset allocation can be both relative and absolute And more This is “ReSolve's Riffs” – live on YouTube every Friday afternoon to debate the most relevant investment topics of the day, hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global* and Richard Laterman of ReSolve Asset Management Inc.   *ReSolve Global Inc. refers to ReSolve Asset Management SEZC (Cayman) which is registered with the Commodity Futures Trading Commission as a commodity trading advisor and commodity pool operator. This registration is administered through the National Futures Association (“NFA”). Further, ReSolve Global Inc.is a registered person with the Cayman Islands Monetary Authority.

We're talking with the purveyors of one of the best performing mutual funds thus far in 2022, the dynamically shifting asset allocator, RDMIX (past performance is not necessarily indicative of future results). It hasn't all been rainbows and lollipops, however, for the ReSolve Asset Management Global team of Rodrigo Gordillo and Mike Philbrick, and they explain why and when a core of Risk Parity should work, and exactly what is and isn't a Risk Parity approach (hint: it's not just levered stocks and bonds). In this episode, we're tackling topics like; does anyone actually use 60/40, The RDMIX 50/50 portfolio (50% Risk Parity/50% Alpha Strategies), ensembles of alpha sources, diversification of betas, and asset allocation in general, commodity trend following, return stacking and dispersion, and more. Plus, we're getting personal with Rodrigo and Mike (we even include Adam), and it's up to our host Jeff to decipher what is true and what is not. Chapters: 00:00-02:03 = Intro 02:04-20:19 = Does anyone actually use 60 /40?, "TIPS", and inflation 20:20-30:25 = No, bonds aren't the end of Risk Parity, Risk Parity isn't just Stocks/Bonds 30:26-46:01 = RDMIX's 50/50 portfolio = 50% in Risk Parity/50% in Alpha Strategies 46:02-01:00:53 = Ensembles, Diversification & Asset Allocation in RDMIX 01:00:54-01:16:13 = Commodity Trend Following, Return Stacking & Dispersion 01:16:14-01:24:54 = Three Truthful/not true, well... Manager "stories" from ReSolve From the Episode: Return Stacking Whitepaper | Lunch & Learn webinar with ReSolve Asset Management | ReSolve's Riffs Podcast Previous Podcasts: Researching the Risks of Return Stacking | Talking Asset Allocation, AI, and the Alpha process with Resolve Follow along with Rodrigo Gordillo @RodGordilloP & Mike Philbrick @MikePhilbrick99 on Twitter and visit investresolve.com for more info Don't forget to subscribe to The Derivative, and follow us on Twitter @rcmAlts and our host Jeff at @AttainCap2, or LinkedIn, and Facebook, and sign-up for our blog digest. Disclaimer: This podcast is provided for informational purposes only and should not be relied upon as legal, business, or tax advice. All opinions expressed by podcast participants are solely their own opinions and do not necessarily reflect the opinions of RCM Alternatives, their affiliates, or companies featured. Due to industry regulations, participants on this podcast are instructed not to make specific trade recommendations, nor reference past or potential profits. And listeners are reminded that managed futures, commodity trading, and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. For more information, visit www.rcmalternatives.com/disclaimer

-- ON OTHER PLATFORMS  Pirates of Finance on Twitter @ PiratesFinance (https://twitter.com/FinancePirates) OUR FIRMS ️ Mutiny Fund: https://www.mutinyfund.com ️ Newfound Research: https://www.thinknewfound.com OUR PODCASTS  The Mutiny Podcast: https://mutinyfund.com/podcasts/  Flirting with Models: https://www.thinknewfound.com/podcast CONTACT US  Jason on Twitter @ JasonMutiny (https://www.twitter.com/jasonmutiny)  Corey on Twitter @ choffstein (https://www.twitter.com/choffstein) INTRO MUSIC  By taylorgalford.bandcamp.com THIS VIDEO IS FOR ENTERTAINMENT AND INFORMATIONAL PURPOSES ONLY AND SHOULD NOT BE RELIED UP AS A BASIS FOR INVESTMENT DECISIONS. THE VIEWS EXPRESSED IN THIS SHOW ARE OF THE HOSTS AND DO NOT REFLECT THE VIEWS OF THE MUTINY FUND OR NEWFOUND RESEARCH. THE MUTINY FUND OR NEWFOUND RESEARCH MAY MAINTAIN POSITIONS IN SECURITIES DISCUSSED IN THIS SHOW.

In this episode we answer questions from Doron, George, Eddie J. and Alexi (a/k/a "Duder").  We discuss the Macro-Allocation Principle and when to diversify your stock portfolio, what to do with dividends,  experimenting with leveraged two-fund portfolios and options for investing in volatility and managed futures/trend following with the Dude.We also talk about reaching 250,000 downloads and about what's happening over at Risk Parity Chronicles.Links:Johnny Ball and his Pentagram:  Drawing an Egg (with a Pentagon) - Numberphile - YouTubeRisk Parity Chronicles post re Backtester Tool:  Portfolio Backtest Shortcut Tool explainer (riskparitychronicles.com)Risk Parity Chronicles tutorial:  Screencast for Portfolio Backtest Shortcut Tool - YouTubeRisk Parity Chronicles Inflation Post:  Best Asset Classes for Surviving Inflation: a test (riskparitychronicles.com)The Dude's Proposed Dragon-Type Portfolio:  Backtest Portfolio Asset Allocation (portfoliovisualizer.com)The Dude's Portfolio Correlation Analysis:  Asset Correlations (portfoliovisualizer.com)Support the show (https://www.riskparityradio.com/support)

In this episode we announce the roll out of the Risk Parity Chronicles blog and website from our listener Justin.  We also address emails from MyContactInfo, Spencer, Satoshi and Andre.  We discuss an interview of Eugene Fama about the war in the Ukraine, the ETF SAA (ProShares 2x Small Cap), the inherent problems with analyzing gold in a portfolio pre-1971 and related issues, and how to value a property to be inherited.Links:Justin's Risk Parity Chronicles blog and website:  Risk Parity Chronicles  Summary of Eugene Fama Interview:  Fama: It's Putin who's irrational, not the markets | The Evidence-Based Investor (evidenceinvestor.com)Next Level Life Analysis of Golden Butterfly Portfolio:  The Golden Butterfly Investing Strategy Explained (Most CONSISTENT Investing Strategy Ever?) - YouTubeArticle Regarding the London Gold Pool of the 1960s:   London Gold Pool - WikipediaSupport the show (https://www.riskparityradio.com/support)

Derek Moore explains in easy-to-understand terms what risk parity strategies are. Plus, he explains Harry Browne's Permanent Portfolio and Ray Dalio's All Weather Portfolio. How standard deviation is used and how some versions use leverage including futures to create risk parity weighted exposure.   What are risk parity strategies? What are All Weather Portfolios? What is the Permanent Portfolio? Equalizing risk via standard historical deviation Using futures to create leveraged notional value What are the risks in a rising rate environment?   Mentioned in this Episode:   Contact Derek Moore derek.moore@zegafinancial.com   Derek Moore's Book Broken Pie Chart https://www.amazon.com/Broken-Pie-Chart-Investment-Portfolio/dp/1787435547?ref_=nav_signin&

How lifecycle investing and risk parity portfolios can assist you in having sufficient assets to retire. What are the two types of time diversification and why is one flawed?Topics covered include:What is settled work and what are some examplesHow does lifecycle investing work and should you consider itWhy investing in stocks and other volatile asset classes is riskier over longer holding periodsWhat are risk-parity portfolios and how to evaluate themThanks to Masterworks for sponsoring the episode.For more information on this episode click here.Show NotesThe moral calculations of a billionaire by Eli Saslow—The Washington PostLife-Cycle Investing and Leverage: Buying Stock on Margin Can Reduce Retirement Risk by Ian Ayres and Barry J. NalebuffLifecycle Investing - Leveraging when young, Forum Discussion by Steve Reading on bogleheads.orgWhat Practitioners Need to Know… About Time Diversification (corrected March 2015) by Mark Kritzman—Financial Analysts Journal Volume 71, Number 1Wishful Thinking About the Risk of Stocks in the Long Run: Consequences for Defined Contribution and Defined Benefit Retirement Plans by Zvi BodiePension Obligation Bonds: Know Their Appeal and Pitfalls by Todd Tauzer—SegalShrinkage Estimation in Risk Parity Portfolios by Nabil Alkafri and Christoph FreyPortfolio ChartsHow to Invest in Closed-End Funds—Money For the Rest of UsRelated EpisodesHow to Invest in Closed-End FundsWhy You Should Rebalance Your Portfolio306: Three Approaches to Asset AllocationSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The balanced-portfolio strategy known as risk parity, which typically relies on investing in both stocks and bonds, needs to adapt as both asset classes come under pressure in a rising-rate environment, according to Max Gokhman, the chief investment officer at AlphaTrAI Inc. Gokhman joined the "What Goes Up" podcast to discuss this and other current market topics, as well as how his firm is applying artificial intelligence to investing.   Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

In this episode we answer emails from Dan, Chas and Sam.  We discuss some aspects of a new Risk Parity book, the poor performance and problems with TIPs, sub-portfolio constructions, using a correlation analysis to determine which non-U.S. funds to use,  which bond funds to use, why you shouldn't pay attention to proposed legislation, more on international funds and how to find the podcast where your email is answered.And THEN we our go through our weekly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio.  We also review the lackluster annual performances of RPAR and other professional risk-parity style funds.  Note that RPAR is run by the author of the book discussed in answer to the first question.Additional links:  Father McKenna Center Donation Page:  Donate - Father McKenna CenterCommodity Producers ETFs list:  Commodity Producers Equities ETFs (etfdb.com)Original RPAR Episode:  Podcast #31| Risk Parity RadioCorrelation Analysis of Chas's Proposed Funds:  Asset Correlations (portfoliovisualizer.com)Support the show (https://www.riskparityradio.com/support)

In this episode we answer emails from Spencer, Hannalore, Keith and Claire.  We discuss a new article at Portfolio Charts, leveraged intermediate treasury bonds and their possibilities and implications, and invitations for ads.Links:Ingredients Article:  Three Secret Ingredients of the Most Efficient Portfolios – Portfolio ChartsBias-Variance Dilemma Episodes:  Podcast #49| Risk Parity Radio; Podcast #64| Risk Parity Radio; Podcast #66| Risk Parity RadioHannalore's Seeking Alpha Article:  TYA: A Better Version Of TLT And My Top Fixed-Income Pick (NASDAQ:TLT) | Seeking AlphaTYA Fund Page:  TYA Simplify Risk Parity Treasury ETF | SimplifyPortfolio Visualizer Analyzer Analysis of TYD:  Backtest Portfolio Asset Allocation (portfoliovisualizer.com)Keith's Bogleheads Forum Link:  Modified versions of HFEA with ITT and Futures / Lifecycle Investing with Modern Portfolio Theory - Bogleheads.orgKeith's Beta Article Link:  Betting against Beta (and Gamma) Using Government Bonds - Federal Reserve Bank of New York - FEDERAL RESERVE BANK of NEW YORK (newyorkfed.org)Support the show (https://www.riskparityradio.com/support)

In this episode we answer emails from Justin, David, Paul, Ted and "Mycontactinfo".  We discuss the new LifeGoal risk-parity based funds and other commercial concoctions, my availability for consulting, our awesome audience, dealing with a 457b Top Hat Plan and the theoretical underpinnings of most things in the universe, including financial markets.Links:LifeGoal Funds Page:   About LifeGoal Investment (lifegoalinvestments.com)Comparison Analysis of AQRIX:  Backtest Portfolio Asset Allocation (portfoliovisualizer.com)IRS Top Hat Plans Page:  Non-Governmental 457(b) Deferred Compensation Plans | Internal Revenue Service (irs.gov)"Misbehavior of Markets" Book:  The (Mis)Behavior of Markets by Benoît B. Mandelbrot | GoodreadsYouTube Mandelbrot Set Video:  Eye of the Universe - Mandelbrot Fractal Zoom (e1091) (4k 60fps) - YouTube"More Than You Know" Book:   More Than You Know | Columbia University Press"Risk Savvy" Book:  Risk Savvy: How to Make Good Decisions by Gerd Gigerenzer | GoodreadsPropecting Mimetic Fractals:  The Fractal Lens - Prospecting Mimetic FractalsSupport the show (https://www.riskparityradio.com/support)

In this episode we start by answering emails from Melanie, David, Jeffrey and Richard about Schwab ETF alternatives, Mary Mary, the financial podcasts I listen to, sector and other stock funds in the context of the Holy Grail and Macro-Allocation Principles, leveraged bond funds and the whys of the bonds we use in the sample portfolios.  One additional excellent personal finance podcast I neglected to mention is The Earn & Invest Podcast (earnandinvest.com) with Doc G.Then we roll out some Risk Parity Radio NFTs (non-fungible tokens), which you may acquire through the support page of the website at Support | Risk Parity Radio or here: Risk Parity Radio - Collection | OpenSeasAfter that we go to our weekly and monthly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity RadioAdditional links:Flight to Safety Research Paper About Treasuries:  Paper (ssrn.com)Our Three Principles of Portfolio Construction:  Episode 7 | Risk Parity RadioREIT Funds Episodes:  Episode 19 | Risk Parity Radio and Episode 21 | Risk Parity RadioUtilities Funds Episode:  Episode 27 | Risk Parity RadioPreferred Shares Fund Episode:  Episode 9 | Risk Parity Radio

Is now the time to consider Risk Parity in your portfolio? Damien Bisserier & Alex Shahidi are Co-CIO's at Evoke Advisors, the team that powers the RPAR ETF. Learn more about RPAR: https://rparetf.com Learn about past episodes of ETF Stories: www.etfstories.com Follow Resilient Advisor™ On Social: -- Twitter: https://twitter.com/sjaycoulter -- Facebook: https://www.facebook.com/resilientadvisor -- LinkedIn: https://www.linkedin.com/in/sjaycoulter -- Instagram: https://www.instagram.com/sjaycoulter Learn more about Resilient Advisor™: https://www.resilientadvisor.com © Resilient Advisor. All Rights Reserved

In this episode we answer emails from Peter, Darren and Paddi about sequence of return risk of Risk Parity style portfolios versus cash-drag portfolios, correlations among U.K. and European ETFs, gilts, Vanguard ISA selections, U.S. versus global portfolios, glide paths, the Macro-Allocation principle, valuing real estate in a retirement portfolio, an Amex privileged assets account, the Golden Ratio portfolio and gold ETFs.And the Atlanta Highway.Links:Portfolio Charts Heat Map:  HEAT MAP – Portfolio ChartsUnicorn Bay Correlation Analyzer That Works With UCITS ETFs:  Asset Correlations for Free | Unicorn Bay

#49 Disclaimer: We are not financial advisors. The content on this podcast and YouTube videos are for educational purposes only and merely cite our own personal opinions.  In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary.  Know that all investments involve some form of risk and there is no guarantee that you will be successful in making, saving, or investing money; nor is there any guarantee that you won't experience any loss when investing. Always remember to make smart decisions and do your own research! 1. Firstly, Tell us a bit about yourself and what got you into risk parity in investing? 2. When i first started getting interested in investing I read Harry Browns fail safe investing. What is your opinion on the Permanent portfolio strategy? 3. For someone young who is saving investing and in the accumulation phase it's typical for them to be 100% in global equities (typically in the UK) at what stage is a good time to think or take some action about switching a portion into other types of assets? 4. I notice that through different time periods certain assets perform better than others making the right choices is vital would you agree? 5. Being a citizen and resident in the USA do you mainly invest in USA index's or do you have some international exposure? Can this be of any help to diversify further? 6. What are your thoughts on currency risk? This can be an issue for UK investors as our home currency is the British Pound. 7. I note from your website and podcast that you have a few different test portfolios which has performed the best so far and why? Which has performed the worst so far and why? 8. Do you believe there is a certain percentage of each asset class say 10% minimum to make it matter to the overall impact it has in your portfolio? 9. A big focus is on asset allocation which is obviously important but what are your thoughts on asset location to protect from tax? 10. Can a simple traditional Stocks and Bonds (2 fund) portfolio be enough or is it important to diversify into more asset classes especially these days? 11. Am I right in thinking that the first 10 years in the preservation stage are the riskiest so investing diversified can help you get through that stage? 12. What are you thoughts on Gold, Crypto Currency and preferred stocks? 13. Any final words of wisdom or rules a DIY investor should consider following? Please check out Frank Vasquez's website & podcast: www.riskparityradio.com

How we can prepare for every investment scenario. We discuss: Risk Parity and Futures Markets Leverage and Value Diversification Outsourcing Expertise Integrating Asset Classes to Maximize Returns

Real Vision Live Replay: Here at Real Vision, we are exploring the question, "Is Everything a Bubble?" To many investors though, that question doesn't even begin to scratch the surface of what needs to be considered in the current environment. In this live interview, Alex Gurevich, founder and CIO of HonTe Advisors, joins Real Vision CEO and co-founder Raoul Pal to discuss his position on what he thinks are the biggest questions facing investors today. Together, Gurevich and Pal will explore the future of risk-parity, the raging overvaluation debate and the role of interest rate momentum in equities, and the dichotomies in outcomes surrounding the dollar, precious metals, and interest rates. In addition, Gurevich will weigh in on the current discussion de jour around short-selling, how investors should think about navigating crisis vs. being positioned for the long-term, and why many are confusing features for bugs in the gold vs. bitcoin debate. Recorded on : 8 Feb 2021 Learn more about your ad choices. Visit megaphone.fm/adchoices

How do we eat Sharpe ratio and meet financial goals with a maximally diversified portfolio? We discuss: Using leverage in a robust and diversified portfolio to preserve diversification while achieving target returns Why “credit” is not a distinct asset class and does not increase diversity Integrating your bets The repercussions of levering up What makes Risk Parity hard Hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global.

How we can prepare for every investment scenario. We discuss: Risk Parity and Futures Markets Leverage and Value Diversification Outsourcing Expertise Integrating Asset Classes to Maximize Returns Hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global.

Seema Malhotra, Labour Party Member of Parliament, does not believe we will see a Brexit deal by November 21st. Steve Wieting, Citi Global CIO, expects a positive equity environment in 2019. Steve Major, HSBC Global Head of Fixed Income Research, says October was a bucket of cold water for the S&P. Greg Valliere, Horizon Investments Chief Political Strategist, says President Trump is absolutely already on the 2020 campaign trail.  Learn more about your ad-choices at https://www.iheartpodcastnetwork.com