Links Compiled Between Innings of the Yankees/Angels Game
October 25th, 2009 10:58 pm | by John Jansen |For all the hoople investment advisors who push a buy and hold strategy in equities. Read this. It failed. Miserably.
Treasury Auctions Impend but WSJ says Buyers in the Wings.
Dave Altig of the Atlanta Fed and Macroblog on the jobless recovery.
Professor James Hamilton on the “new tools ” of monetary policy.
Latin American countries act to stem appreciation of their currencies.
One Response to “Links Compiled Between Innings of the Yankees/Angels Game”
By Ad Orientem on Oct 25, 2009 | Reply
I am something of a supporter of the late Harry Browne’s Permanent Portfolio. It’s been back tested and has stood up pretty well as has the fund that bears its name(PRPFX). If you are (like me) a conservative investor and have a get rich slowly approach to things you could do a lot worse.
25% equities (he favored a broad based index fund)
25% Ultra-conservative long term bonds
25% Cash or near equivalent
25% Precious metals (he favored physical over paper)
Re-balance whenever any one asset classes deviates by more than 10%.
This is definitely not a strategy for those in the perennial search for the quick buck. But it’s a great strategy for those with a low risk tolerance and who want an all weather portfolio.