Tag Archives: Permanent

Tactical asset allocation – august 2016 update

Here is the tactical asset allocation update for August 2016. Below is the snapshot for the AGG3, AGG6, and GTAA13 portfolios. The source data can be found here. This is a new version of the sheet. Google updates the Sheets program every so often and old version of sheets just stop working. That happened this month so I had to do a new version. The sheet contains the IVY5, GTAA5, and the Permanent Portfolio as well. These signals are valid after every trading day. So, while I’ll maintain these month end updates this means that you can implement your portfolio changes on any … Continue reading

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Tactical asset allocation – may 2016 update

Here is the tactical asset allocation update for May 2016. Before I get into the updates for the month I want to share a must read post from Antonacci. In the post he lists some questions he often gets asked about markets and investing. Here they are; Question: How much do you think the stock market can drop? Response: 89% Question: What?!! Response: Well, that is the most it has dropped in the past. But past performance is no assurance of future success, so I guess it could go down more than that. Question: I just looked at my account, … Continue reading

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Tactical asset allocation – december 2015 update

Here are the tactical asset allocation updates for December 2015. All portfolio updates are online as part of Paul’s GTAA 13 Portfolio New sheet. First, for the basic portfolios – the GTAA5 and the Permanent Portfolio. No changes for GTAA5. For the timing version of the Permanent Portfolio SHY went to cash which is basically no change. Now for the more aggressive GTAA AGG3 and AGG6 portfolios. Below is the snapshot of all the 13 asset classes. No changes for AGG3 this month. For AGG6, VCIT replaced VGIT and 33% of the portfolio is in cash just like last month. Performance for the portfolios so far this … Continue reading

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Tactical asset allocation – november 2015 update

October turned out to be quite a strong month for US stocks as the historical seasonality suggested. Lets see what that strong showing did to the tactical asset allocations for November. Here are the tactical asset allocation updates for November 2015. All portfolio updates are online as part of Paul’s GTAA 13 Portfolio New sheet. First, for the basic portfolios – the GTAA5 and the Permanent Portfolio. GTAA5 is now 60% invested with VTI and VNQ going to invested this month. For the timing version of the Permanent Portfolio VTI went back to invested for this coming month. Now for the more aggressive GTAA AGG3 and … Continue reading

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Tactical asset allocation – october 2015 update

A lot of volatility this month in the equity markets. So far it looks like the portfolio signals to go to cash have been valid. Of course, that’s only half the battle. We’ll see what October brings, a historically positive month for equities. Here are the tactical asset allocation updates for October 2015. All portfolio updates are online as part of Paul’s GTAA 13 Portfolio New sheet. First, for the basic portfolios – the GTAA5 and the Permanent Portfolio. GTAA5 is now 20% invested with IEF going to invested this month. For the timing version of the Permanent Portfolio there were no changes this month. Now for … Continue reading

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Tactical asset allocation – september 2015 update

Wow! What a month. After 3 years of a steady grind higher there is finally some significant volatility in the market. Several of the portfolios had a drawdown of about 6% during the month along with the major indices. If this is a surprise or it seems excessive, it’s not. Historically the portfolios have exhibited drawdowns up to 20%. With such big swings the portfolio risk management rules kicked in and now the allocations are mainly cash. Now comes the interesting part – to see if these signals are head fakes or the start of something significant. Here are the … Continue reading

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Tactical asset allocation – august 2015 update

Here are the tactical asset allocation updates for August 2015. All portfolio updates are online as part of Paul’s GTAA 13 Portfolio New sheet. First, for the basic portfolios – the GTAA5 and the Permanent Portfolio. There was one change in the GTAA5 portfolio. Bonds (IEF) went back to invested this month. GTAA5 is now 60% invested and 40% cash. For the timing version of the Permanent Portfolio there were no changes this month. The TAA version of the Permanent Portfolio is 50% invested and 50% in cash just like last month.   Now for the more aggressive GTAA AGG3 and AGG6 portfolios. There are no changes for either … Continue reading

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Tactical asset allocation – july 2015 update

Here are the tactical asset allocation updates for July 2015. All portfolio updates are online as part of Paul’s GTAA 13 Portfolio New sheet. First, for the basic portfolios – the GTAA5 and the Permanent Portfolio. There was one change in the GTAA5 portfolio. Bonds (IEF) went to cash this month. GTAA5 is now 40% invested and 60% cash. For the timing version of the Permanent Portfolio there were no changes this month. The TAA version of the Permanent Portfolio is 50% invested and 50% in cash just like last month. Now for the more aggressive GTAA AGG3 and AGG6 portfolios. There is one change for AGG3 this month. … Continue reading

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Tactical asset allocation – may 2015 update

Here are the tactical asset allocation updates for May 2015. All portfolio updates are online as part of Paul’s GTAA 13 Portfolio New sheet. First, for the basic portfolios – the GTAA5 and the Permanent Portfolio. Only one change in the GTAA5 portfolio. Foreign stocks (VEU) went back to invested this month, after only one month on cash signal. Yet more thrashing going on there. All other signals are the same from last month. Now for the more aggressive GTAA AGG3 and AGG6 portfolios. Some significant changes in the AGG3 and AGG6 portfolios for this month. For AGG3, 2 of the 3 holding changed this month. … Continue reading

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A myopic focus on investment returns is bad for your wealth

Compounded annual returns are the crack of the investment world. Wall Street is the pusher and investors are the addicts. Investment companies and investors focus on the annual return metric as the most important in a portfolio to the long term detriment of most investors. This myopic focus on annual returns is bad for investors’ wealth wether they are in the wealth building phase or the withdrawal phase of their investment lives. Lets look at how bad and expensive this unhealthy obsession can be. First, lets look at the case of the investor building future wealth. In a world where … Continue reading

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