- Permanent portfolios: these are the portfolios that are based on Harry Browne’s original four corner framework which is essentially the same as our four pillar framework.
- Harry Browne Permanent Portfolio
- Permanent Income Portfolio
- P Permanent Portfolio ETF Version
- PRPFX (Permanent Portfolio Fund)
- PERM (Global X Permanent ETF)
- Doug Roberts Follow The Fed portfolio: P Doug Roberts Follow the Fed Add Treasury Note One Month Simple Indicator Moving Average 64 Days. This portfolio is on ‘Advanced Users’ page that requires expert subscription. It divides a portfolio into 3 equal parts:
- 33% in intermediate Treasuries
- 33% in growth corner that switches between US large cap stocks and small cap stocks.
- 33% in inflation/deflation corner that switches between gold or long term Treasuries
- Yale’s P David Swensen Yale Individual Investor Portfolio Annual Rebalancing. One can classify its 6 ETFs into the following categories
- Growth: 30% in US stocks, 15% in international stocks and 5% in emerging market stocks. Total 50%.
- Inflation: 15% in TIPs and 20% in US REITs. US REITs can be classified to Growth category too. Total 35%
- Deflation: 15% in long term Treasuries.
The second and third portfolios are not directly related to the four pillar framework but they are constructed with these concepts in mind. We believe the four pillar framework is very intuitive and helps to classify various investments related to economic cycles. This is especially true for bonds:
So next time when you see bonds in your portfolio, don’t just simply lump them into fixed income or ‘safe’ asset. They actually serve for various purpose.
Diversified Asset Allocation Portfolios For Your Plans
