Intro To Permanent Portfolio

Permanent Portfolio is a portfolio construction theory devised by free-market investment analyst Harry Browne in the 1980s. Browne constructed what he called the permanent portfolio, which he believed would be a safe and profitable portfolio in any economic climate. Harry Browne argued that the portfolio mix would be profitable in all types of economic situations – 1. Growth stocks would prosper in expansionary markets 2. Precious metals in inflationary markets 3. Bonds in recessions 4. T-bills in depressions Browne eventually created what was called the Permanent Portfolio Fund, with an asset mix similar to his theoretical portfolio in 1982. Over a 25-year period, the fund averaged an annual return of 6.38%, only losing money three times.

Building Singapore Permanent Portfolio

Written by Alvin Chow of BigFatPurse, the Singapore Permanent Portfolio is an enjoyable book that you can easily finish in one sitting. Don’t get me wrong, ......