No surprise here...for the 35th time in the last 38 years, the Permanent Portfolio (PP) finished the year with a gain. The PP returned investors 7.1% in 2011, which was about half of last year's 13.8% return. The PP easily outperformed the S&P 500's 2.1% return (including dividends).
The returns for each asset category in 2011 were:
Long-term bonds +17.2%
If you're unfamiliar with the Permanent Portfolio, it's an investment strategy created by the late Harr...
Yesterday, the investment blog Random Roger had a link to one of his reader's blogs, who goes by the name "T". T's blog discussed changing the allocation of the Permanent Portfolio, because "Investment products better reflecting the world are available to capture
long trends while defending against your best intentioned stock
selections going haywire."
T believes he knows which investments are most suited for the future and built an ETF Portfolio to reflect his views. It consists of the ... Continue reading ...