FYI: The original permanent portfolio was created by Harry Browne and consists of the following allocation:
25% in U.S. stocks
25% in long-term bonds
25% in gold
25% in cash
The idea behind this portfolio is that it’s diversified enough to get you through a wide variety of economic and market environments and simple enough that even a caveman could do it.
There are holes you could poke in this allocation but that’s true of any portfolio or investment strategy. The first step in investing is figuring out a philosophy and strategy that works for you. Steps 2 through 100 are dealing with the drawbacks of said strategy and sticking with it through the rough times when it makes you feel stupid for doing so.
Regards,
Ted
http://awealthofcommonsense.com/2018/02/the-new-permanent-portfolio-for-millennials/
