Monday, November 1, 2010

The Permanent Portfolio

The more I learn about Harry Browne's "Permanent Portfolio" concept, the more sense it makes, and the more I like it.

The Crawling Road blog has some informative posts relating to Permanent Portfolio basics, and the site also contains a good discussion forum with separate forums dedicated to each of the four asset classes of the Permanent Portfolio (stocks, long-term bonds, cash, and gold) as well as the Permanent Portfolio as a whole. Check it out.

I also encourage you to check out Harry Browne's book Fail-Safe Investing to learn about the Permanent Portfolio straight from the man who first came up with it. If it's not at your local library, the electronic version costs only about $10 to download--so sacrifice a couple of lattes if necessary so you can learn about this simple, logical, Austrian-inspired approach to asset allocation.

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