Portfolio

And I say that with very large asterisks.

But if you think about the amount of portfolio turnover that happens on a daily, weekly, monthly basis, that leads to dynamics you didn't have historically, right? So if you look at the turnover in the investment grade bond market, and the first half of 2026, that reached an 18 year peak.

And in the high yield markets, while you're still talking about relatively small numbers, right, less than 1% of the high yield market turns over every day.

That's the highest since 2020.

But I also think there are different problem statements

that we face in the electronification of the credit market than what we thought about in rates or FX.

It's the portfolio trading business that's come about fairly quickly, I'd argue, and has matured fairly quickly in the last couple of years.

That's something that we talked about in rates, but it never took off in the same way that it has in credit.

And now, here's your host, Adam Schmelah.

What if the investments you own may be perfectly reasonable and still be completely wrong for you and your portfolio? In this episode of 2020 Money, the Business of Optometry, I'm joined again by Peter Lazaroff, Chief Investment Officer at PlanCorp and author of the new book, The Perfect Portfolio: A Proven Guide to Smart Investing for Long-Term Success, for a conversation about what actually makes an investment portfolio perfect.

We discuss why portfolio construction has to begin with the investor rather than the investments, why simplicity is valuable but shouldn't become an ideology, and how to evaluate whether added complexity is actually solving an important problem.

Peter shares a four-question framework for evaluating new investments, explains the differences between owning an index and following an indexing philosophy, and walks through why rules-based investing can look very different from simply buying an S&P 500 fund or a target date fund.

Most importantly for optometric practice owners, we discuss why your investment portfolio cannot be evaluated in isolation.

Your practice is an asset on your personal balance sheet.

Its cash flow, value, and concentration risk, liquidity, insurance needs, and eventual sale should all influence how you think about the rest of your wealth.

Peter's central point throughout the conversation is a useful one.

But now onward, episode 439.

Today on Risk Parity Radio, it's time for our weekly portfolio reviews of the eight sample portfolios you can find at www.riskparityradio.com on the portfolios page.

And yes, it's still the year of the cowbell.

I gotta have more cowbell.

I do have a question.

You mentioned that as we build a risk parity portfolio, we should check the correlations of our asset classes and aim for negative correlation to stock market for our bonds and also negative or close to zero correlation to stock market for alternatives.

Then we should backtest the portfolios as far back as we can to make sure we have reasonable perpetual yearly distributions of at least 4% and preferably 5 to 6%.

My question to you is, did you do your homework on the aggressive 50-50 portfolio before you started investing in it? And what were your backtesting results?

If you're sitting on a large RRSP and assuming it's the stronger position compared to a pension, it's probably worth running your own numbers before you're locked into those mandatory withdrawals with no way to undo the plan.

If you want us to walk through how your own RRSP or RRIF stacks up against a pension-style income, head to the description and click the link to book a complimentary portfolio analysis.

Which one would you rather be holding at 75? The pension or the RRSP? Let us know in the comments.

Thanks for watching, and I'll see you in the next Ask PMFG episode.

But now onward, episode 537.

Today on Risk Party Radio, it's time for our weekly portfolio review.

Some of the eight sample portfolios you can find at www.riskpartyradio.com on the portfolios page.

And we're also going to talk about our monthly distributions for September.

But before we get to that...

And Optimus Bill writes...

Uncle Frank.

Is there any back-tested or theoretical needle-moving utility to a 1% speculative IBIT allocation in a diversified risk parity portfolio? You have a gambling problem.

Meta has some cool new AI functionality that they released.

And we have what I would consider to be a major update with your portfolio that doesn't involve any buy or sell transactions.

Let's jump into that.

What is what is going on with your portfolio this week? What announcement did you make?

So previously I had said that I might stop sharing my portfolio because various reasons, but largely because when I get into something that's a micro cap or small cap companies under a billion dollars, it can actually move the stock both in the positive direction when I'm buying and in the negative direction when I'm selling.

We saw an example of this with Bumble, for example, and BRR.

Yeah, so So going forward, so one of the things that I had considered is, you know, possibly doing a hedge fund where other people could participate or maybe some other kind of investment vehicle.

I like my life the way it is.

Two big interviews you don't want to miss.

Up first, Berkshire Hathaway CEO Greg Abel joins from Japan, where the conglomerate's nearly $400 billion portfolio includes big stakes in the historic trading houses there.

It was really a long-term proposition that we saw this as a long-term holding.

And he lets us in a little on the surprising shift, Berkshire's new investment in Alphabet.

But now onward, episode 535.

Today on Risk Party Radio, it's time for our weekly portfolio reviews of the eight sample portfolios you can find at www.riskpartyradio.com on the portfolios page.

And it's good to be back.

We were on a nice little vacation visiting our friends Optimus Bill.

Because if you held a target date fund over the course of several decades, as opposed to holding just some index funds, you'd probably find yourself with about 25% less than you would have just for picking the index funds.

That's not an improvement.

You are correct that I'm not going to create any more sample portfolios.

I think we have enough of those.

It's called

web portfolio management.com.

Okay.

So was there an E in management after the G in management or no?

Sounds okay.

Uh, all right.

Web portfolio management.com. See, we're hawking stuff here, uh,

Yeah,