Kell

1 Comment

    • Morningstar's 'Vastly Superior' ETF Research? [view article]
      Jan, I think the permanent portfolio is considered risky because they compare it to their fund category, most of which is invested in super safe stuff like treasuries. In contrast, the Permanent Portfolio tends to hold big positions in stuff like Gold and Silver, etc. These things tend to be very volatile.

      You may make the argument that gold and silver are "not risky in the long run" in that they are good inflation hedges. In the last several years, you might be right... However, over the very long run, they have done a mediocre job at best. If you had bought gold in 1980 for $900, you would probably be kicking yourself now.

      Mar 23 12:58 PM
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