Risk Parity Radio
Risk Parity Radio is a podcast about investing located at www.riskparityradio.com. RPR explores risk-parity style portfolios comprised of uncorrelated or negatively correlated asset classes -- stocks, selected bonds, gold, managed futures, and other easily accessible fund options for the DIY investor. The goal is to construct portfolios that are robust and can be drawn down on in perpetuity, and to maximize projected Safe Withdrawal Rates regardless of projected overall returns.
Episodes
498 episodes
Episode 496: The Dangers Of Fixating On Tickers, Minimizing Taxes On Cash, Transitions, And Portfolio Reviews As Of March 27, 2026
In this episode we answer questions from Dustin, Optimus Bill and Scott. We discuss the common mistake of chasing tickers and low fees instead of building a portfolio around goals and carefully chosen asset classes, cowbell origins, what ...
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Season 6
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Episode 496
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44:01
Episode 495: EconoMe, Fairfax CASA, Speculations On Chaos, New 401k Regs, And More Cowbell
In this episode we answer emails from Andy, John, and Todd. We discuss what "holding dollars" means, the lure of speculation on recent events, the ongoing inadequacies of 401k and 403b plans and their incentives, and small cap value vs. s...
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Season 6
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Episode 495
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37:30
Episode 494: More Gooooold, Calculator Comparisons, Planning And Portfolios, And Looking For Those Elusive Risk Parity Style Advisors
In this episode we answer emails from Nicholas, Nathan and Lisa. We discuss how much gold is enough and how much is too much, why calculators disagree and the best ways to use them, and what “better” means when the future is uncerta...
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Season 6
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Episode 494
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41:39
Episode 493: Our Raison D'etre, Common Investor Fallacies, UK Investing Notes, Treasury Bond Correlations, And Portfolio Reviews As Of March 13, 2026
In this episode we answer emails from Lee, Leo, Tony, and Samuel. We revel in Lee's generosity and discuss why we hold gold and treasuries, why recent performance should not drive allocation changes and common amateur investor fallacies, ...
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Season 6
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Episode 493
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44:38
Episode 492: An Expat Risk Parity Style Portfolio, Intermediate Accumulation For A Mortgage, And Assorted Asset Allocation Questions
In this episode we answer emails from TJ, John and Optimus Bill. We discuss TJ's modified Golden Ratio portfolio and backtests, maximizing withdrawals with flexibility, ZROZ vs. TLT simulated leverage, gambling problems, intermediate accu...
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Season 6
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Episode 492
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44:17
Episode 491: Celebrating Listener Generosity, Donor Advised Funds, Learning Some Accumulation Ropes, Risk Parity ETFs, And Portfolio Reviews As Of March 6, 2026
In this episode we answer emails from Optimus Bill, Mark and Ryan. We discuss donor advised fund sponsor Daffy and a strips fund portfolio substitution, the challenges of figuring out accumulation without getting caught up in chasing shin...
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Season 6
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Episode 491
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1:01:14
Episode 490: Queen Mary Segment With Jillian Johnsrud, Big Law Life, Alternative Assets And Four Quadrant Portfolio Construction Principles, And A Partial Retirement Withdrawal Scenario
In this episode we answer emails from Connor, Zachary and Brian. We discuss fund selection, doing the Big Law dance, portfolio construction basics and analyzing alternatives, and a partial retirement drawdown scenario involving early with...
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Season 6
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Episode 490
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1:01:07
Episode 489: Cowbell Direct Indexing, More Fun With Leverage, An Early Retirement Extra Spending Model And Portfolio Reviews As Of February 27, 2026
In this episode we answer emails from Jeffrey, Bryan, and Erik. We discuss the trade-offs of direct indexing in small cap value, why modest leverage on a diversified mix can outperform stock-heavy portfolios with fewer drawdowns, and mode...
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Season 6
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Episode 489
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58:16
Episode 488: All Hail Queen Mary And Fairfax CASA, Gold vs Managed Futures, And A Short-Term Drawdown Portfolio
In this episode we respond to emails from Nick, Ginna, Ashley, Chris and Sara. In our Queen Mary segment where we are raising money for Fairfax CASA, we express our gratitude for the outpouring of listener support and tell Noah and Taylor...
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Season 6
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Episode 488
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54:25
Episode 487: It's Mary Time, Intermediate Accumulation, 529s To Roths, And Leeroy Jenkins Gambling Problems
In this episode we answer emails from Tim, Anderson, and Pete. We discuss using a Golden Butterfly portfolio for intermediate accumulation, converting 529s to Roths and excessively levered portfolios for small children. (I can't make this...
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Season 6
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Episode 487
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34:12
Episode 486: Matching Your Portfolio With Your Spending Goals, The RPR Site, ETPs, Coast FI Sabbaticals, And Portfolio Reviews As Of February 6, 2026
In this episode we answer email Serge, Nielsen, Paul and Loren. We dig into the core question that drives every portfolio -- when will this money be spent and by whom -- which dictates how it should be invested, and talk about the website...
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Season 6
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Episode 486
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39:41
Episode 485: Discerning Managed Futures From Momentum, Monte Carlo Simulation Mania, And Variable Withdrawal Mechanisms
In this episode we answer questions from Ben, Todd, and Tom. We discuss how managed futures differ from momentum, differentiating Monte Carlo simulations and why you need to be careful with parameterized simulations, and flexible withdrawal str...
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Season 6
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Episode 485
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30:16
Episode 484: Portfolio Considerations Pre-Retirement, Accounting For Taxes, Data, Catherine O'Hara And Portfolio Reviews As Of January 30, 2026
In this episode we answer emails from Sebastian, Mark, and James. We discuss the purpose of treasury bond allocations, annuity cash flows, and where rentals fit, goofy accounting for taxes, a bridge to social security and answer questions...
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Season 6
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Episode 484
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51:57
Episode 483: Parsing Amateur Gold And Cash Ideas, Expert Links, Managed Futures, Testfolio Hints, And Other Hijinks
In this episode we answer emails from Gregory, Rick and Graham. We discuss some more amateur ideas on gold and cash buffers, and modeling managed futures, and we explain why costs and liquidity often matter more than the story you’re told...
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Season 6
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Episode 483
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43:19
Episode 482: Reviewing "The Score", Tweaking A Portfolio, And Portfolio Reviews As Of January 23, 2026
In this episode we answer emails from Isaiah and Mike. We unpack how metrics hijack meaning and show how a diversified, risk-parity approach lets you thrive without chasing perfect scores, review our business model and help Mike tweak his...
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Season 6
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Episode 482
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45:43
Episode 481: Dr. Bill's Excellent Adventure Into Risk Parity Retirement
In this episode we read a lengthy email missive from our good friend Dr. Bill on reaching financial independence a few years early, designing a risk parity portfolio with an advisor, and facing the emotional fog that follows. We share how to re...
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Season 6
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Episode 481
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54:40
Episode 480: Tail Risk Strategies, Better Approaches Using Diversification And Who To Learn That From, Fund Taxonomy, And Portfolio Reviews As Of January 16, 2026
In this episode we answer emails from Gregory and Isaiah. We discuss whether tail-hedged ETFs belong in a retirement portfolio, then map out a cleaner path with Treasuries as recession insurance, a value tilt for equity resilience. We als...
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Season 6
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Episode 480
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53:51
Episode 479: The 60% Transition Solution, Financial Advisor Horror Stories, And Notes On Performance Data
In this episode we answer emails from Bee, Brian, and Derek. We discuss shifting from pure equities toward a Golden Ratio allocation at 60% of the way to financial independence, using 401(k) BrokerageLink to add small cap value, and repla...
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Season 6
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Episode 479
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37:33
Episode 478: Index Fund Choices, Distribution Methods, The Financial Advisor Landscape, Parsing Our Approach, And Portfolio Reviews As Of January 9, 2026
In this episode we answer emails from Jeff, Chad and Matt. We discuss choices in 100% equity accumulation portfolios, distribution methodology for the sample portfolios, more on radio-personalities-cum-financial-advisors who try to punch ...
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Season 6
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Episode 478
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57:08
Episode 477: Handling Midwest Mom, Some Book Recommendations, And Australians Trying To Beat The Market
In this episode we answer emails from Midwest Nice, Ron and Stefan. We discuss helping a cautious parent with a high-fee advisor, what services are actually worth paying for in their case, how to invest home-sale proceeds for a 5–10 year ...
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Season 6
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Episode 477
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53:41
Episode 476: Come On Up To The House With Our Annual Portfolio Reviews For The Very Good Year Of 2025
In this episode we conduct our annual portfolio reviews of our eight sample portfolios you can find at Portfolios | Risk Parity Radio, and compare them with commercial alternatives. ...
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Season 6
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Episode 476
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50:44
Episode 475: Managing An Inherited Roth IRA, Roth vs. Traditional Tax Locations, Some Basics With Resources, And Portfolio Reviews As Of December 26, 2025
In this episode we answer emails from Tyler, Michael and Jon. We discuss managing an inherited Roth across a 10-year window and related questions, compare VXUS to targeted international tilts, tax and asset location considerations for tra...
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48:33
Episode 474: Planning Around Taxes In Transition, Bitcoin FOMO, Living In A Trailer, And Portfolio Reviews As Of December 19, 2025
In this episode we answer emails from Jenna, Kevin, and Jack Rabbit. We challenge the myth of “never pay taxes” and show how to transition scattered holdings into a Golden Butterfly framework while keeping taxes manageable. We also examin...
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Season 6
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Episode 474
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40:27
Episode 473: Merry Christmas From Testfolio, More Cowbell, KBWP, And Fund Seeder Mania
In this episode we answer emails from JT, Phil, and Glenn. We revel in the updates to the TestFolio tools, weigh how tilting toward small cap value can lift safe withdrawal rates but also reduces overall diversification, return to KBWP an...
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Season 6
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Episode 473
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33:03
Episode 472: A Field Day In New Jersey, Obviating Late Accumulation Risks, And Portfolio Reviews As Of December 12, 2025
In this episode we answer emails from Anonymous from New Jersey, James, and Brad. We answer a donor’s six-part retirement plan, from mortgages and liquidity to 403(b) constraints, ETF trading, asset location, asset swaps, and tax‑savvy wi...
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Season 6
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Episode 472
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39:55