My opinion is that I am skeptical, and 80% of that looks nothing like the Permanent Portfolio in either name or concept. Also note that the Permanent Portfolio is kind of like three phase power with a neutral wire, and you just declared you don't need the third phase, or the neutral wire. Nice signature quote though. Questions:
1. Have you read "The Permanent Portfolio" by Craig Rowland? Or "Fail-Safe Investing" by Browne?
Rowland
2. Have you read other books on investing?
To much
2. Is it wise to have 100% of your investments in the US, even though you are Belgian?
Hell no. I'll probably go 60% US 30% EU and 10% EM for the equity part and follow MSCI world for the US part.
I didn't wanted to make a long and maybe boring post about global diversification and rebalancing techniques. I wondered what if a US citizen went just these 3 funds.
3. Are there tax problems with using US-based funds instead of European funds?
For now, Belgium is an etf tax haven. I just have to go for etf's located in Ireland and pay a whopping 1,32% tax when I sell or buy.
IE00BSPLC413 SPDR® MSCI USA Small Cap Value Weighted ETF USD (EUR) | ZPRV
IE00BWBXM385 SPDR® S&P® U.S. Consumer Staples Select Sector ETF (USD) | ZPDS
4. Are you familiar with the concept of currency volatility, and are you OK your proposed investments as a result of that knowledge?
I'm familiar and hope for the best with my future dollars, euros and gold.
5. Do you know why the PP includes long term bonds?
For safety and income. If your going for 25% tips and 25% long term bonds, your betting half of your money on the gouvernement. History shows that a gamble. Long term bonds did provide income from 1982 till now. Rising rates will change that.
6. Do you know why the PP includes total stock market index investments?
Brown or Doyle don't believe in a better performing asset class or sector. You also got believers;
http://paulmerriman.com/decade-returns/http://investorfieldguide.com/2014618the-best-performing-sector-consumer-staples-part-1/I'm gonne bet on multiple strategy's.
True ,the subject had to be inspired by and not based on.
Ps: Speaking of based on;
https://portfoliocharts.com/2015/09/22/catching-a-golden-butterfly/Respect for this guy's work.