Permanent Portfolio Basics
August 12, 2013
First, understand that investing in a way that’s simple means following some simple rules. Harry Browne’s 16 Golden Rules of Financial Safety are those rules. If you follow these rules religiously, along with the Permanent Portfolio allocation, you will have a tough time losing your life savings. If you think back to ways you (or people you know) have lost a lot of money, they probably broke one or more of these rules:
16 Golden Rules of Financial Safety
Next, you will want to read these articles that I wrote which talk about core Permanent Portfolio concepts.
The Permanent Portfolio Allocation
Permanent Portfolio FAQs
Permanent Portfolio Historical Returns
If the above piques your interest, you should really consider buying our book which updates Harry Browne’s Permanent Portfolio strategy for the investment products that exist today. This book has everything you need to implement a Permanent Portfolio:
The Permanent Portfolio: Harry Browne’s Long-Term Investment Strategy
If you want to dig even deeper, then I suggest the following:Listen to Harry Browne’s archived investment radio shows. These shows answer perhaps 99% of any basic question you may have and many you probably never even considered. The shows are an easy to understand course on investing and economics all in one package and you will learn a great deal by listening to them — promise:
Radio Show Archives
Along with the shows above, I also recommend you buy Harry Browne’s last investing book Fail-Safe Investing. This is an easy to read and concise work of Browne’s 40+ years of investment experience and advice. This book encapsulates Harry Browne’s simple asset allocation strategy which actually is derived from a very sophisticated understanding of economics. His approach offers a level of diversification and safety not seen in any asset allocation approach I’ve ever run across (and I’ve seen a bunch of them):
If that’s still not enough then you can read articles with the “permanent portfolio” tag on this site:
Permanent Portfolio Tagged Articles
Keep investing simple, it will make your life a lot less stressful!
Globe and Mail on the Permanent Portfolio
August 10, 2013
Here is a nice article by Andrew Hallam in Canada’s Globe and Mail about Harry Browne’s Permanent Portfolio and our book:
The Permanent Portfolio: the only investment plan you’ll ever need?
Why has such a simple investing idea done so well? It comes down to Mr. Browne’s central insight: Nobody knows which asset class will do best over the year ahead. Owning a low-cost diversified blend of different assets and rebalancing annually ensures that an investor will always have a piece of what is going up, without any expensive guesswork.
Detailed thoroughly in The Permanent Portfolio by Craig Rowland and J.M. Lawson, the strategy is designed to produce safe returns in a variety of market environments: prosperity, deflation, recession and inflation.
Mr. Hallam also discusses the low volatility of the strategy which I think is extremely important for investors to understand and internalize. He also lays out some inexpensive passive investing vehicles that could be good choices for Canadian investors looking to mimic the features of the Permanent Portfolio up north.
Thanks to Ad Orientem for letting me know about this article.
Howard Gold of Marketwatch Writes about the Permanent Portfolio
July 19, 2013
Howard Gold from Marketwatch interviewed me last week about the Permanent Portfolio and the Permanent Portfolio Book written with co-author J.M. Lawson.