Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Support MFO
Donate through PayPal
Can You Help Me Understand Daily Changes in PRPFX?
I am happy with my allocation to this fund (PRPFX). But I frequently don't understand the daily changes. Yesterday, for example, Gold was up, Swiss Francs up and Treasuries up, but PRPFX down. Has happened enough that I am curious why the difference?
Hi Kathy. For the heck of it, below is a portfolio from Seeking Alpha that supposedly duplicates Permanent Portfolio. It of course isn't exact, but you can see where the losses from yesterday (growth stocks, nat resources, silver, real estate) out weigh the gains from treasuries and gold. I think PRPFX was actually down more than this look-a-like portfolio, but probably because of stock selection.
Hope this data looks okay after I post comment:
Name tick %/portf 1 day return
Vanguard Growth Stock ETF VUG 15% -0.30% iShares S&P N Amer Nat Res IGE 10% -0.25% iShares Silver Trust SLV 5% -0.12% iShares Dow Jones US Real Estate IYR 5% -0.10% iShares Barclays 1-3 Year Tr Bond SHY 15% 0.01% CurrencyShares Swiss Franc Trust FXF 10% 0.01% iShares iBoxx Invest Gr Corp Bd LQD 5% 0.02% SPDR Gold Shares GLD 20% 0.18% iShares Barclays 20+ Year Tr Bd TLT 15% 0.22%
TOTAL RETURN -0.32%
P.S.: I actually have this in a M* portfolio so that I can watch the parts of this fund - one of my favorite funds.
Reply to @MikeM: Thanks so much, Mike, for taking the time to break this down - that was so nice of you! P.S. I still use your terrific Investment Comparison Excel sheet - love it! It has really helped me choose investments for my Portfolios - especially is my "competition" with the two of Mom'sTrusts my sister and I set up with the same amount for each (hers with USB, mine I invest myself). It makes some fun (and challenge) for me in investing, and I'll take all the fun I can get.
prinx and bnath001: I sent you guys an email explaining the spreadsheet Cathy mentioned. Basically, it just calculates the "probable range" of returns you can expect from a portfolio using past return and standard deviation data.
Comments
Hope this data looks okay after I post comment:
Name tick %/portf 1 day return
Vanguard Growth Stock ETF VUG 15% -0.30%
iShares S&P N Amer Nat Res IGE 10% -0.25%
iShares Silver Trust SLV 5% -0.12%
iShares Dow Jones US Real Estate IYR 5% -0.10%
iShares Barclays 1-3 Year Tr Bond SHY 15% 0.01%
CurrencyShares Swiss Franc Trust FXF 10% 0.01%
iShares iBoxx Invest Gr Corp Bd LQD 5% 0.02%
SPDR Gold Shares GLD 20% 0.18%
iShares Barclays 20+ Year Tr Bd TLT 15% 0.22%
TOTAL RETURN -0.32%
P.S.: I actually have this in a M* portfolio so that I can watch the parts of this fund - one of my favorite funds.
P.S. I still use your terrific Investment Comparison Excel sheet - love it! It has really helped me choose investments for my Portfolios - especially is my "competition" with the two of Mom'sTrusts my sister and I set up with the same amount for each (hers with USB, mine I invest myself). It makes some fun (and challenge) for me in investing, and I'll take all the fun I can get.
Is it possible to email your investment comparision excel sheet (If you don't mind).
Thanks
nath
[email protected]
I would be most appreciative and grateful if you could also email your excel investment comparison sheet.
Thanks
Burt
[email protected]
prinx and bnath001: I sent you guys an email explaining the spreadsheet Cathy mentioned. Basically, it just calculates the "probable range" of returns you can expect from a portfolio using past return and standard deviation data.