Episode 251: Separating Withdrawal Strategy Dogs & Tails, Yet More Leveraged Fund Fun And Poking At Some Portfolio Pessimists

<p>In this episode we answer emails from Pete, MyContactInfo and Jenzo.   We discuss leveraged funds, a paper about holding them longer term and optimal leverage, analyzing leveraged portfolios, meta-concepts of retirement portfolio planning and how to separate the critical components of a withdrawal strategy (the dogs) from various management techniques, labeling methods and mental accounting (the tails),  and last year&apos;s scare paper about hyper-low safe withdrawal rates of poorly constructed international portfolios.<br/><br/>Links:  <br/><br/>Leveraged Portfolios Article/Paper:  <a href='http://www.ddnum.com/articles/leveragedETFs.php'>Double-Digit Numerics - Articles - The Big Myth about Leveraged ETFs (ddnum.com)</a><br/><br/>Sample Optimized Portfolios Article:  <a href='https://www.optimizedportfolio.com/leveraged-etfs/'>What Is a Leveraged ETF and How Do They Work? (optimizedportfolio.com)</a><br/><br/>Analysis of UPRO vs S&amp;P:  https://tinyurl.com/me4c2xj9<br/><br/>Analysis of TNA vs. IWM:  <a href='https://www.portfoliovisualizer.com/backtest-portfolio?s=y&amp;timePeriod=2&amp;startYear=1985&amp;firstMonth=1&amp;endYear=2023&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=5.0&amp;relativeDeviation=25.0&amp;leverageType=0&amp;leverageRatio=0.0&amp;debtAmount=0&amp;debtInterest=0.0&amp;maintenanceMargin=25.0&amp;leveragedBenchmark=false&amp;reinvestDividends=true&amp;showYield=false&amp;showFactors=false&amp;factorModel=3&amp;portfolioNames=false&amp;portfolioName1=Portfolio+1&amp;portfolioName2=Portfolio+2&amp;portfolioName3=Portfolio+3&amp;symbol1=TNA&amp;allocation1_1=100&amp;symbol2=IWM&amp;allocation2_2=100'>Backtest Portfolio Asset Allocation (portfoliovisualizer.com)</a><br/><br/>Analysis of TMF vs. TLT:  <a href='https://www.portfoliovisualizer.com/backtest-portfolio?s=y&amp;timePeriod=2&amp;startYe