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
474 episodes
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
Episode 471: Holy MiFID Quandaries, HGER, And The Desert Portfolio
In this episode we answer emails from Anonymous, Pete, and Wilhelm. We discuss how MiFID reshapes investing for U.S. citizens retiring in the EU, the commodities fund HGER and the "Desert Portfolio."Links:Father McKenna Ce...
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Season 6
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Episode 471
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29:46
Episode 470: Short Term Bonds, A Growth Plan For A Late Starter, A Birthday Wish And Portfolio Reviews As Of December 5, 2025
In this episode we answer emails from Adam, Cha Cha, and TJ. We discuss how cash and short-term bonds affect safe withdrawal rates, why the Golden Butterfly’s allocation is a preference not a rule, and how to build a growth-first plan whe...
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Season 6
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Episode 470
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48:55
Episode 469: Risk Parity For Charity, Managing Indvidual REITs, And Reverse Glidepaths
In this episode we answer emails from Patrick, Kyle, and Dave. We discuss the advantages of using risk parity style portfolios for higher withdrawal rates, how to manage a sleeve of individual REITs, the joys of giving in its various form...
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Season 6
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Episode 469
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39:04
Episode 468: Revisiting Listener Gambling Problems, Canadian Considerations, And A Visit To the Father McKenna Center
In this episode we answer emails from Grant, Brian, and Mourad. We unpack Grant's various gambling problems with leveraged ETFs and Bitcoin wrappers, owning gold in CAD or USD for Canadians, the role of preferred shares and Mourad's recen...
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Season 6
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Episode 468
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33:52
Episode 467: A Smorgasbord Of Retirement Account Management And Spending Tips And Portfolio Reviews As Of November 21, 2025
In this episode we answer emails from Camille and Jeff. We discuss how 72(t) and asset swaps enable early IRA access, where to place managed futures and treasuries for taxes, practical cash options at IBKR and ultra-short term ETFs, desig...
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Season 6
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Episode 467
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39:25
Episode 466: TDFs, Managed Futures, Complex Trading Strategies, STRIPS And TIPS
In this episode we answer emails from Phil and Chris. We discuss moving from target date funds to low-cost index funds, why equity diversification needs a value tilt, how managed futures replication mimics an index fund in that asset clas...
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Season 6
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Episode 466
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34:52
Episode 465: Working Through The Middle Muddle, Cool Animated Videos, And Analyzing Other Retirement Portfolios
In this episode we answer emails from Arun, Neil, and Stephen. We discuss intermediate accumulation portfolios, when you start needing bonds and being a good family man; favorite listener episodes #436 and #441, and an analysis of Thurman...
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Season 6
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Episode 465
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46:09
Episode 464: More Fun With Leverage, Bad Advisor Incentives, Working With A Substandard 401k And Portfolio Reviews As Of November 7, 2025
In this episode we answer emails from Dave, Isaiah, and Ian. We discuss back-testing tools, revisit UPRO and leverage from the last episode, the inherent biases and incentives for retail financial advisors to recommend underspending and u...
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Season 6
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Episode 464
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46:31
Episode 463: Pros And Cons of Leverage, Tax Buckets, Small Cap Value And Retirement Spending Frameworks
In this episode we answer emails from Roman, Andrew and Iain. We discuss the plusses and minuses of leverage, volatility drag, and how leverage interacts with diversification and withdrawals, general observation on tax optimization via ac...
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Season 6
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Episode 463
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36:24
Episode 462: Creating Your Own Sample Portfolio, Asset Swaps With Cash, Low-Bar-Setting Financial Advisors, And Portfolio Reviews As Of October 31, 2025
In this episode we answer emails from Jess, Phil and Scott. We discuss an experience of setting up a sample RPR portfolio for one's self, using asset swaps to manage cash, and fun with the low bar standards and other inadequacies of many ...
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Season 6
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Episode 462
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45:00
Episode 461: Transitioning To Forever Plans, SCHD And Bitcoin, Our Purpose For Value, And When To Make Adjustments (Probably Never)
In this episode we answer emails from Tyson, Patrick, and Shuchi. We discuss the basics of transitioning, SCHD as a value fund choice, bitcoin vs. gold, why "only works for 30 years" is a fake problem, the difference between our use of va...
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Season 6
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Episode 461
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44:29
Episode 460: Pulling The SWR Levers In A Retirement Scenario, Test Portfolios, HSAs, And Portfolio Reviews As Of October 24, 2025
In this episode we answer emails from Eva, Jess and Mr. Toxic. We discuss the three levers of safe withdrawal rates applied to a listener's upcoming retirement situation, running test risk parity style portfolios to get some practice like...
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Season 6
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Episode 460
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47:48
Episode 459: Kicks And Giggles With A Bogleheads Forum Thread And Practical Issues About Evolving From Accumulation To Decumulation
In this episode we answer emails from Luc and Nick. We discuss the four levels of investors, the fundamental problems with identity that terms like "saver" and "Boglehead" cause per Morgan Housel, fallacious reasoning often applied to inv...
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Season 6
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Episode 459
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45:38
Episode 458: Withdrawal Mechanics, Modelling, Futures Contracts And GOOOOLD, And Portfolio Reviews As Of October 17, 2025
In this episode we answer emails from Ron, Mark, Rick and Keith. We revel in your generosity and discuss the mechanics of monthly withdrawals and how rebalancing smooths that over, modelling portfolio with money going in and money going o...
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Season 6
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Episode 458
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40:06
Episode 457: Musings From A Swedish Road Trip, AI Bots, The Website And Gold Futures
In this episode we answer emails from Niek, Dustin, Dale, Hydromod and . We discuss adopting a golden ratio mix and not having unrealistic expectations, the plusses and minuses of the AI-version-of-you fad, the new website and why trying ...
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Season 6
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Episode 457
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28:34
Episode 456: Lions And Leverage And RP Plans (Oh My!) -- And Portfolio Reviews As Of October 11, 2025
In this episode we answer emails from Jimmy, Anonymous and Matthew. We discuss financing a home with portfolio leverage via ETFs or margin, revel in the generosity of our listeners and real-life encounters, and review a risk parity style ...
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Season 6
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Episode 456
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38:50
Episode 455: Transitions, Calculators And Golden Bucketeering!
In this episode we answer questions from Chris, George and "I Have No Name." We discuss a transition situation with bonus portfolio question, the plusses and minuses of Pralana and similar calculators, and an amusing take on the Golden Bu...
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Season 6
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Episode 455
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40:21
Episode 454: A Master Plan For Mr. Bill And Portfolio Reviews As Of September 12, 2025
In this episode we answer one big long email from Mr. Bill (actually Dr. Bill). We discuss a planning process grounded in good data science, forecasting techniques and decision theory, and how we incorporate the concepts described in Bill Benge...
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Season 6
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Episode 454
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1:07:34
Episode 453: Managed Futures, Bengen's New Book, And Vanguard Personal Advisor Follies
In this episode we answer emails from Adam, Private Cowboy, and Jose. We discuss managed futures (again with references!), Bill Bengen's latest book and how it integrates into our approach, and the pros and cons of a Vanguard Personal Adv...
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Season 6
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Episode 453
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55:53
Episode 452: Thanks Again For Your Generosity, Avoiding Calculator Jockeys, Calculation Shortcuts And Portfolio Reviews As Of September 5, 2025
in this episode we answer emails from Chris, Trudie, and Earl. Highlights: The Father McKenna Center "Top of the T-shirt" campaign raised over $66,624 thanks to generous listener contributions; financial advisors are conflicted and ...
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Season 6
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Episode 452
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36:18
Episode 451: Market Musings And Entertaining A Ted Baxter Clone
In this episode we answer emails from Andy, Phil and Brady. We entertain Andy's musings on small cap value and the economy with crystal balls and complex adaptive systems theory, discuss the foibles of radio personalities attempting to tr...
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Season 6
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Episode 451
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39:53
Episode 450: International Funds, Nomads, New Vanguard ETFs and Portfolio Reviews As Of August 29, 2025
In this episode we answer emails from a Mysterious Visitor, Pal and Byron. We review our approach to international stock funds and how to improve their diversification, try to help out a Canadian nomad and discuss some new Vanguard funds....
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Season 6
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Episode 450
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30:18
Episode 449: A Transition, Personal Finance Is Still Finance, And Fun With Mary And Coaching Stuff
In this episode we answer emails from Nick, No Name, and Nathan. We discuss transitioning at 70% to FI, the inherent problems with a lot of psychology-based and convenience-based finance media and personal finance that fails to do the fin...
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Season 6
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Episode 449
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37:02
Episode 448: The Problem With Simulated Crystal Balls, Cleveland Rocks, And Portfolio Reviews As Of August 22, 2025
In this episode we answer emails from Dave, Mike, and Andy. We discuss an inherited IRA, 529s, how historical data provides more reliable investment guidance than simulated data based on crystal balls, particularly when considering econom...
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Season 6
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42:35