Weekend Reading – featuring the week’s best money and investing articles from around the web – can be read by any logged-in Monevator member. Alternatively join our 14,423 subscribers to our free email newsletter to get future editions straight to your inbox.
Weekend reading: The golden hour comes early for our model decumulation portfolio
You might also like
Next post: Wise investing
Previous post: Money is power
Comments on this entry are closed.
A new web layout ?
You’ll be telling us you’re writing a book next !
Thanks for the article.
There’s a website? All my Monevator wisdom comes via ye olde RSS.
The underlying assumption with either portfolio that we pick a single allocation for the next 20 years (the no edge thing) is questionable imop. The NCF does tick the right boxes for the current era, so take some credit, seeing what has gone bad/is to come and adjusting accordingly. Switching out long bonds for commodities/gold in inflationary times = better result.
No doubt some crisis or other will change things up again, inflation will peak and decline, and the quest for the holy grail of a forever allocation will continue!
@Paul — Touché! Honestly, we had a book 95% written. Indeed the post published today (Tuesday) entitled ‘Wise investing’ is mostly from the first chapter of the draft. (@TA being too busy at the moment being retired to be able to write any brand new content).
The issue was it all took years to write, but that turned out to just be the first hurdle. There were loads of data and image rights clearance issues, and of course the turning the copy into a book format. Neither of us felt up for cracking into that, and after a year or two of dithering the draft began to date, both technically (ISA rules or whatnot) and more fundamentally (e.g. TA’s evolving thinking about commodities). So, yes. Not our best moment and a real shame, as it was full of Monevator style writing and wit in a way that other investment books aren’t, mostly from @TA. Almost a passive Peter Lynch book!
@Jeep — Ah yes, I remember the RSS kerfuffle. It’s as well to remind me now and then so I don’t accidentally turn it off! 😉
@Calculus — Absolutely. If there as a way of tactically switching between these things reliably then everyone would do it, eh? 🙂 But perhaps not surprisingly, the track record of tactical asset allocation funds is woeful. There was a spate of them — and coverage — after the GFC, as you may remember, but you never hear from them now. To your point, I’m sure that will change again after the next crash, too!