10% Total US Mkt Index VTI
4% Cash
10% Total International Index VXUS
10% Total World Index VT
30% TIPs Ladder
18% Berkshire Hathaway
10% VPMAX VANGUARD PRIMECAP ADMIRAL
8% Gold IAU Total expense per Vanguard: 0.09%
This is a timely article and has stimulated a great deal of thoughtful discussion in the comments. I have been a DIYer since ~1985 and have found that economic history and investment history have been a very practical hobby. You would be surprised I think of how much money you can save by doing it yourself in the recent 40 years with the advent of discount brokers, passive index funds, free information from knowledgeable investors over the internet, etc. Granted it takes a good amount of time to be perhaps “up to it” (I have spent probably the equivalent of 3 rounds of 18 hole golf per week); certainly a full time hobby for me, keeping current on taxation, estate planning, etc. I too will need someone to take over the task when I need to pass the responsibility for my wife’s benefit.
Not an option for someone without a good fundamental knowledge but perhaps a time saver for DIYers is AI. Claude the pro version I have found producing detailed analysis. A timely note by a great advisor, Alan Roth, is linked: https://www.advisorperspectives.com/articles/2026/04/13/how-ai-portfolio-recommendations-hold-up?hsid=133282651756&utm_campaign=Advisor%20Perspectives&utm_medium=email&_hsenc=p2ANqtz-__-46rcPW7XgDwZglyg260Lvsaw1mwMZYrvZKZcQkKotg7FWkbq3gxO3cyblfpI92yfkyyxqDcjrCuEPLi22Xrp3K0Vg&_hsmi=414181944&utm_content=414181944&utm_source=hs_email
Reuters reported:
As of March 2026, Elon Musk’s SpaceX is planning an initial public offering (IPO) expected in 2026, with reports indicating that the company is seeking to change stock exchange and index rules to allow for rapid inclusion in major benchmarks like the Nasdaq-100 and S&P 500.Will he be able to change the rules?
I should clarify that the time of my investing in the gold ETF was after the September of 2024. I had considered taking additional profits on Wednesday but missed the opportunity.
A great article and timely. Thanks for writing. I purchased about a 5% position in a gold ETF after seeing the polls last September. I have trimmed twice since and placed the profits in TIPS. The WSJ has had an article fairly recently suggesting one should own some gold as portfolio insurance. I will probably keep my position as insurance given the current geopolitical climate.
This week’s Barron’s interestingly has a timely article on gold by Jack Hough and points out that: “Deutsche Bank recently calculated that gold has outpaced inflation by 279% over 235 years. That’s barely a half-point a year, compounded, including the recent runup. On shorter timelines, gold looks great. It has beaten the U.S. stock market over the past 20 years.
Time will tell…
In follow up on my earlier post, I have been looking for comments and insight regarding the current investment environment. Finally Barron’s has posted something. (As I posted earlier, I made a shift to international markets and a small position in gold after polls indicated there would be a change in administration last September.) From Barron’s: How Fund Managers Are Grappling With ‘Autocracy Risk’https://www.barrons.com/articles/fund-managers-grapple-autocracy-risk-846a0621?st=Zpze4K
After the polls suggested in late September that Trump would likely win the election I purchased a 5% position in a gold ETF. I also invested in Berkshire Hathaway with their large cash position and US holdings. My concern is/was what effect a change in the rule of law would have on the stock and bond markets. So far the portfolio is ahead of the US total stock market about 10% (down from 20% prior to the recent market improvement). The question is whether to take the profit on the gold or to keep it as insurance against further market turmoil after seeing the effects of the tariffs as they kick in later in the year (or years) ahead.
Also gold may have a longer term value as Barron’s 7-15-2024 noted:
Abolish the Federal Reserve? Here’s What Conservatives’ Project 2025 Would Do.
The conservative Heritage Foundation think tank's so-called Project 2025's primary recommendations for the Fed include a unitary focus on controlling inflation, winding down its balance sheet, and ending its lender-of-last-resort function. Further proposals would return the U.S. to a gold standard or abolish the Fed entirely.
I have similar concerns about defaulting on bond commitments or manipulation of COLAs on TIPS or repression of interest rates on treasuries if not outright defaulting.
Comments
10% Total US Mkt Index VTI 4% Cash 10% Total International Index VXUS 10% Total World Index VT 30% TIPs Ladder 18% Berkshire Hathaway 10% VPMAX VANGUARD PRIMECAP ADMIRAL 8% Gold IAU Total expense per Vanguard: 0.09%
Post: What’s in your portfolio ?
Link to comment from June 20, 2026
Thanks for the notification. Have preordered.
Post: Money and Me by Jonathan Clements
Link to comment from May 16, 2026
This is a timely article and has stimulated a great deal of thoughtful discussion in the comments. I have been a DIYer since ~1985 and have found that economic history and investment history have been a very practical hobby. You would be surprised I think of how much money you can save by doing it yourself in the recent 40 years with the advent of discount brokers, passive index funds, free information from knowledgeable investors over the internet, etc. Granted it takes a good amount of time to be perhaps “up to it” (I have spent probably the equivalent of 3 rounds of 18 hole golf per week); certainly a full time hobby for me, keeping current on taxation, estate planning, etc. I too will need someone to take over the task when I need to pass the responsibility for my wife’s benefit. Not an option for someone without a good fundamental knowledge but perhaps a time saver for DIYers is AI. Claude the pro version I have found producing detailed analysis. A timely note by a great advisor, Alan Roth, is linked: https://www.advisorperspectives.com/articles/2026/04/13/how-ai-portfolio-recommendations-hold-up?hsid=133282651756&utm_campaign=Advisor%20Perspectives&utm_medium=email&_hsenc=p2ANqtz-__-46rcPW7XgDwZglyg260Lvsaw1mwMZYrvZKZcQkKotg7FWkbq3gxO3cyblfpI92yfkyyxqDcjrCuEPLi22Xrp3K0Vg&_hsmi=414181944&utm_content=414181944&utm_source=hs_email
Post: One Good Call?
Link to comment from April 18, 2026
Timely article. IPO announcement this week as the possibility raised by Barron’s: https://www.barrons.com/articles/spacex-ipo-tesla-stock-elon-musk-533bfd95?mod=hp_minor_pos22&_gl=1*127t00u*_gcl_au*NTgwMjcyODExLjE3NzQ0Mzg2NzU.*_ga*MTUyMjYwMDAzNy4xNzY2NzAxOTkx
Post: $3 Trillion S&P 500 Gatecrashers
Link to comment from March 25, 2026
Reuters reported: As of March 2026, Elon Musk’s SpaceX is planning an initial public offering (IPO) expected in 2026, with reports indicating that the company is seeking to change stock exchange and index rules to allow for rapid inclusion in major benchmarks like the Nasdaq-100 and S&P 500. Will he be able to change the rules?
Post: $3 Trillion S&P 500 Gatecrashers
Link to comment from March 21, 2026
I should clarify that the time of my investing in the gold ETF was after the September of 2024. I had considered taking additional profits on Wednesday but missed the opportunity.
Post: The Playground Indicator
Link to comment from January 31, 2026
A great article and timely. Thanks for writing. I purchased about a 5% position in a gold ETF after seeing the polls last September. I have trimmed twice since and placed the profits in TIPS. The WSJ has had an article fairly recently suggesting one should own some gold as portfolio insurance. I will probably keep my position as insurance given the current geopolitical climate. This week’s Barron’s interestingly has a timely article on gold by Jack Hough and points out that: “Deutsche Bank recently calculated that gold has outpaced inflation by 279% over 235 years. That’s barely a half-point a year, compounded, including the recent runup. On shorter timelines, gold looks great. It has beaten the U.S. stock market over the past 20 years. Time will tell…
Post: The Playground Indicator
Link to comment from January 31, 2026
In follow up on my earlier post, I have been looking for comments and insight regarding the current investment environment. Finally Barron’s has posted something. (As I posted earlier, I made a shift to international markets and a small position in gold after polls indicated there would be a change in administration last September.) From Barron’s: How Fund Managers Are Grappling With ‘Autocracy Risk’ https://www.barrons.com/articles/fund-managers-grapple-autocracy-risk-846a0621?st=Zpze4K
Post: Ch-Ch-Changes?
Link to comment from May 14, 2025
After the polls suggested in late September that Trump would likely win the election I purchased a 5% position in a gold ETF. I also invested in Berkshire Hathaway with their large cash position and US holdings. My concern is/was what effect a change in the rule of law would have on the stock and bond markets. So far the portfolio is ahead of the US total stock market about 10% (down from 20% prior to the recent market improvement). The question is whether to take the profit on the gold or to keep it as insurance against further market turmoil after seeing the effects of the tariffs as they kick in later in the year (or years) ahead. Also gold may have a longer term value as Barron’s 7-15-2024 noted: Abolish the Federal Reserve? Here’s What Conservatives’ Project 2025 Would Do. The conservative Heritage Foundation think tank's so-called Project 2025's primary recommendations for the Fed include a unitary focus on controlling inflation, winding down its balance sheet, and ending its lender-of-last-resort function. Further proposals would return the U.S. to a gold standard or abolish the Fed entirely.
Post: Ch-Ch-Changes?
Link to comment from May 10, 2025
I have similar concerns about defaulting on bond commitments or manipulation of COLAs on TIPS or repression of interest rates on treasuries if not outright defaulting.
Post: Tariffs and our retirement assets
Link to comment from April 5, 2025