It is almost the two-year anniversary of this post I wrote about the role of gold in a portfolio. A few days ago, someone re-posted on Twitter the research piece that prompted me to write my post (well, half of it) and I enjoyed it like it was the first Read more…
Taxes are a thorny topic to cover, even for a finance blog. A 1% saving on taxes equals 1% more in (net) returns, and we all know how hard is to increase returns even by just 1%. But taxes serve a social purpose: they are used to run schools and Read more…
In April 2022, I introduced on this blog The Italian Leather Sofa Model Portfolio. As a reminder, here is the portfolio composition: The idea behind the portfolio is stolen from here. The link offers the best explanation to what I think is the most common question related to it, i.e. Read more…
I recently watched a video made by an Italian content creator on Safe Withdrawal Rates and Sequence of Return Risk (even if I do not think he formally mentioned the two definitions ever). The video is done well and, as a bonus, the author shares his Python code so that Read more…
A year ago I introduced The Italian Leather Sofa model portfolio. The main goal was to put my money where my mouth is…even if, back in the day, it was only virtual money. In fact, the model portfolio is built using US-listed ETFs, and EU financial regulation prevented me from Read more…
A little bit more than a year ago, Andrea invited me to participate in his InCassaforte podcast after we had a brief exchange on Twitter on why it was reasonable or not to invest in bonds when rates are at zero or negative. This morning (which might not be your Read more…
In April 2022, I introduced on this blog The Italian Leather Sofa Model Portfolio. As a reminder, here is the portfolio composition: The idea behind the portfolio is stolen from here. The link offers the best explanation to what I think is the most common question related to it, i.e. Read more…
Inflation is like beauty. Despite thinking, or being deceived into thinking, that a universal measurement is possible, what I see is different from what you see. Last year I wrote a couple of posts on the effects of the recent inflation surge on me and my family. Other than highlighting Read more…
This post was born as a quick reaction to the 2022 Golden Butterfly portfolio performance and then morphed into a collection of thoughts about portfolios, diversifiers, cash vs trend, a levered version of the Permanent Portfolio and…probably other things that will hit my brain while I perform the week-long writing Read more…
If you regularly read trading/investing/personal finance stuff, there is a high chance you would, at least once, have stumbled across a title like “Hedge Funds underperform and yet continue to attract capital from investors”. At first (which means 20 years ago) the topic was interesting from a behavioral point of Read more…