Episode 12: Monthly Rant About Financial Mis-Wisdom (A New Feature!) And An Analysis Of Gold As An Investment

<p>In this episode we analyze gold as an investment using David Stein&apos;s 10 Questions to Master Investing, which are:<br/><br/>1.  What is it?<br/>2.  Is it an investment, a speculation, or a gamble?<br/>3.  What is the upside?<br/>4.  What is the downside?<br/>5.  Who is on the other side of the trade?<br/>6.  What is the investment vehicle?<br/>7.  What does it take to be successful?<br/>8.  Who is getting a cut?<br/>9.  How does it impact your portfolio?<br/>10.  Should you invest?<br/><br/>We also discuss several bits of financial misinformation I heard on podcasts last month about small-cap value stocks and options for improving traditional 60/40 portfolios.<br/><br/>Links referenced in the episode:<br/><br/>Correlation analysis of small cap value funds versus the total stock market and large cap growth:  <a href='https://www.portfoliovisualizer.com/asset-correlations?s=y&amp;symbols=VTSMX%2C+VIGRX%2C+SLYV&amp;timePeriod=2&amp;tradingDays=60&amp;months=36'>https://www.portfoliovisualizer.com/asset-correlations?s=y&amp;symbols=VTSMX%2C+VIGRX%2C+SLYV&amp;timePeriod=2&amp;tradingDays=60&amp;months=36</a><br/><br/>Analysis of gold versus the total stock market since 2005:  <a href='https://www.portfoliovisualizer.com/backtest-portfolio?s=y&amp;timePeriod=4&amp;startYear=1985&amp;firstMonth=1&amp;endYear=2020&amp;lastMonth=12&amp;calendarAligned=true&amp;includeYTD=false&amp;initialAmount=10000&amp;annualOperation=0&amp;annualAdjustment=0&amp;inflationAdjusted=true&amp;annualPercentage=0.0&amp;frequency=4&amp;rebalanceType=1&amp;absoluteDeviation=6.0&amp;relativeDeviation=0.0&amp;showYield=false&amp;reinvestDividends=true&amp;portfolioNames=false&amp;portfolioName1=Portfolio+1&amp;portfolioName2=Portfolio+2&amp;portfolioName3=Portfolio+3&amp;symbol1=UPRO&amp;symbol2=TMF&amp;symbol3=PFF&amp;symbol4=VGIT&amp;symbol5=VTI&amp;allocation5_2=100&amp;symbol6=BND&amp;symbol7=REET&amp;symbol8=TLT&amp;symbol9=GLD&amp;allocation9_1=100'>https://www.portfoliovisualizer.com/backtest-portfolio?s=y&amp;timePeriod=4&amp;star