{"product_id":"the-permanent-portfolio-9781118288252","title":"The Permanent Portfolio","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eMarket uncertainty cannot be eliminated. So rather than attempt to eliminate it, why not embrace it? That is what this book has been designed to do.   Inside the Investment Bunker takes readers through Harry Browne's Permanent Portfolio approach, and reveals how it can help investors thrive in today's turbulent markets.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eForeword xi\u003c\/p\u003e \u003cp\u003ePreface: Life is Uncertain xv\u003c\/p\u003e \u003cp\u003eAcknowledgments xix\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 What is the Permanent Portfolio? 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Simple Idea 1\u003c\/p\u003e \u003cp\u003eA Simple Allocation 3\u003c\/p\u003e \u003cp\u003eSimply Great Results 3\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 The 16 Golden Rules of Financial Safety 5\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRule #1: Your Career Provides Your Wealth 6\u003c\/p\u003e \u003cp\u003eRule #2: Don’t Assume You Can Replace Your Wealth 6\u003c\/p\u003e \u003cp\u003eRule #3: Recognize the Difference between Investing and Speculating 6\u003c\/p\u003e \u003cp\u003eRule #4: No One Can Predict the Future 7\u003c\/p\u003e \u003cp\u003eRule #5: No One Can Time the Market 7\u003c\/p\u003e \u003cp\u003eRule #6: No Trading System Will Work as Well in the Future as It Did in the Past 8\u003c\/p\u003e \u003cp\u003eRule #7: Don’t Use Leverage 8\u003c\/p\u003e \u003cp\u003eRule #8: Don’t Let Anyone Make Your Decisions 9\u003c\/p\u003e \u003cp\u003eRule #9: Don’t Ever Do Anything You Don’t Understand 9\u003c\/p\u003e \u003cp\u003eRule #10: Don’t Depend on Any One Investment, Institution, or Person for Your Safety 10\u003c\/p\u003e \u003cp\u003eRule #11: Create a Bulletproof Portfolio for Protection 11\u003c\/p\u003e \u003cp\u003eRule #12: Speculate Only with Money You Can Afford to Lose 11\u003c\/p\u003e \u003cp\u003eRule #13: Keep Some Assets Outside the Country in which You Live 11\u003c\/p\u003e \u003cp\u003eRule #14: Beware of Tax-Avoidance Schemes 11\u003c\/p\u003e \u003cp\u003eRule #15: Enjoy Yourself with a Budget for Pleasure 12\u003c\/p\u003e \u003cp\u003eRule #16: Whenever You’re in Doubt about a Course of Action, It’s Always Better to Err on the Side of Safety 12\u003c\/p\u003e \u003cp\u003eInvesting and the Rules of Life 12\u003c\/p\u003e \u003cp\u003eRecap 13\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Permanent Portfolio Performance 15\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGrowth, No Large Losses, and Real Returns: The Holy Trinity 16\u003c\/p\u003e \u003cp\u003eOnly Real Returns Matter 24\u003c\/p\u003e \u003cp\u003eLooking at Total Performance Over Time 26\u003c\/p\u003e \u003cp\u003eRecap 30\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Simple, Safe, and Stable 33\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSimplicity 33\u003c\/p\u003e \u003cp\u003eSafety 34\u003c\/p\u003e \u003cp\u003eStability 35\u003c\/p\u003e \u003cp\u003eMaking the Most of Your Investments 36\u003c\/p\u003e \u003cp\u003eExpect the Unexpected 44\u003c\/p\u003e \u003cp\u003eRecap 46\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Investing Based on Economic Conditions 47\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhen Diversification Fails 48\u003c\/p\u003e \u003cp\u003eA Different Way to Diversify 55\u003c\/p\u003e \u003cp\u003eFour Economic Conditions 57\u003c\/p\u003e \u003cp\u003eFour Economic Conditions þ Four Assets ¼ Strong Diversification 60\u003c\/p\u003e \u003cp\u003eHow the Portfolio Works with Economic Conditions 62\u003c\/p\u003e \u003cp\u003eRecap 64\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Stocks 65\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBenefits of Stocks 65\u003c\/p\u003e \u003cp\u003eRisks of Stocks 66\u003c\/p\u003e \u003cp\u003eVolatility 67\u003c\/p\u003e \u003cp\u003eOwning Stocks 68\u003c\/p\u003e \u003cp\u003eRecommended Stock Index Funds 69\u003c\/p\u003e \u003cp\u003eWhich Type of Index Fund to Use? 70\u003c\/p\u003e \u003cp\u003eWhy Use an Index Fund? 70\u003c\/p\u003e \u003cp\u003eAvoid Actively Managed Stock Funds 74\u003c\/p\u003e \u003cp\u003eIndexing is a Marathon 78\u003c\/p\u003e \u003cp\u003eBeware of Trading Costs 79\u003c\/p\u003e \u003cp\u003eLarge-Cap and Small-Cap Stocks 80\u003c\/p\u003e \u003cp\u003eInternational Stock Funds 81\u003c\/p\u003e \u003cp\u003eA Warning About Company Stock 84\u003c\/p\u003e \u003cp\u003eNo Index Funds—What to Do? 85\u003c\/p\u003e \u003cp\u003eRecap 85\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Bonds 87\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBenefits of Bonds 87\u003c\/p\u003e \u003cp\u003eRisks of Bonds 89\u003c\/p\u003e \u003cp\u003eVolatility 90\u003c\/p\u003e \u003cp\u003eBonds and Deflation 92\u003c\/p\u003e \u003cp\u003eOwning Bonds 93\u003c\/p\u003e \u003cp\u003eBonds to Buy 94\u003c\/p\u003e \u003cp\u003eBuying Bonds 94\u003c\/p\u003e \u003cp\u003eOther Bond Risks—The Case for Treasury Bonds 98\u003c\/p\u003e \u003cp\u003eBonds to Avoid 103\u003c\/p\u003e \u003cp\u003eFlight to Safety 108\u003c\/p\u003e \u003cp\u003eEarning Money Multiple Ways 111\u003c\/p\u003e \u003cp\u003eBond Risk Matrix 112\u003c\/p\u003e \u003cp\u003eBond Funds and Retirement Plans 114\u003c\/p\u003e \u003cp\u003eRecap 114\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Cash 117\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBenefits of Cash 117\u003c\/p\u003e \u003cp\u003eRisks of Cash 120\u003c\/p\u003e \u003cp\u003eVolatility 121\u003c\/p\u003e \u003cp\u003eOwning Cash 123\u003c\/p\u003e \u003cp\u003eCash Risks—The Case for Treasury Bills 128\u003c\/p\u003e \u003cp\u003eCash to Avoid 132\u003c\/p\u003e \u003cp\u003eCash Risk Matrix 140\u003c\/p\u003e \u003cp\u003eCash and Retirement Plans 140\u003c\/p\u003e \u003cp\u003eRecap 141\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Gold 143\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBenefits of Gold 144\u003c\/p\u003e \u003cp\u003eRisks of Gold 145\u003c\/p\u003e \u003cp\u003eVolatility 147\u003c\/p\u003e \u003cp\u003eCauses of Inflation 148\u003c\/p\u003e \u003cp\u003eGold Protects During Extreme Events 149\u003c\/p\u003e \u003cp\u003eNo Interest, No Dividends, No Problem 152\u003c\/p\u003e \u003cp\u003eWhy Do Central Banks Hold So Much Gold? 153\u003c\/p\u003e \u003cp\u003eOwning Gold 153\u003c\/p\u003e \u003cp\u003eBuying Gold 154\u003c\/p\u003e \u003cp\u003eBuying and Storing Gold at a Bank 157\u003c\/p\u003e \u003cp\u003eGold Funds 158\u003c\/p\u003e \u003cp\u003eAssets to Avoid 163\u003c\/p\u003e \u003cp\u003eLimit Gold Bullion Sales Taxes 171\u003c\/p\u003e \u003cp\u003eOther Considerations 171\u003c\/p\u003e \u003cp\u003eRecap 173\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Implementing the Permanent Portfolio 175\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eKey Concepts 175\u003c\/p\u003e \u003cp\u003eFour Levels of Protection 177\u003c\/p\u003e \u003cp\u003eLevel 1—Basic—All Funds 179\u003c\/p\u003e \u003cp\u003eLevel 2—Good—Funds, Bonds, and Gold 182\u003c\/p\u003e \u003cp\u003eLevel 3—Better—Funds, Bonds, and Gold 185\u003c\/p\u003e \u003cp\u003eLevel 4—Best—Funds, Bonds, Gold, and Geographic Diversification 187\u003c\/p\u003e \u003cp\u003eAll In, or Wait? 190\u003c\/p\u003e \u003cp\u003eOther Portfolio Ideas 192\u003c\/p\u003e \u003cp\u003eFinal Considerations 193\u003c\/p\u003e \u003cp\u003eRecap 194\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Portfolio Rebalancing and Maintenance 195\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTwo Primary Purposes of Rebalancing 197\u003c\/p\u003e \u003cp\u003eRebalancing Maintains Firewalls 199\u003c\/p\u003e \u003cp\u003eHow to Rebalance: Rebalancing Bands 201\u003c\/p\u003e \u003cp\u003eWithdrawals and Rebalancing 203\u003c\/p\u003e \u003cp\u003eTiming Can Influence Rebalancing 203\u003c\/p\u003e \u003cp\u003eAdding New Money to the Portfolio 204\u003c\/p\u003e \u003cp\u003eAllocating Dividends 204\u003c\/p\u003e \u003cp\u003eDifferent Approaches to Rebalancing 205\u003c\/p\u003e \u003cp\u003eEmotional Aspects of Rebalancing 206\u003c\/p\u003e \u003cp\u003eRebalancing and Taxable Accounts 207\u003c\/p\u003e \u003cp\u003eRecap 208\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 Implementing the Permanent Portfolio Internationally 209\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe World is Not Flat 209\u003c\/p\u003e \u003cp\u003eApplying the Same Principles Across Countries 212\u003c\/p\u003e \u003cp\u003eVarious Country Options 214\u003c\/p\u003e \u003cp\u003eCanada 215\u003c\/p\u003e \u003cp\u003eEurope 218\u003c\/p\u003e \u003cp\u003eUnited Kingdom 222\u003c\/p\u003e \u003cp\u003eAustralia 223\u003c\/p\u003e \u003cp\u003eAsia, Middle East, and the Rest of the World 225\u003c\/p\u003e \u003cp\u003eDeveloping Country Investing 226\u003c\/p\u003e \u003cp\u003eRecap 228\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13 Taxes and Investing 229\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSimplicity is Often the Best Tax Strategy 229\u003c\/p\u003e \u003cp\u003eTax-Free Savings Vehicles 231\u003c\/p\u003e \u003cp\u003eTypes of Taxable Events 231\u003c\/p\u003e \u003cp\u003eOrdering of Assets and Tax Planning 233\u003c\/p\u003e \u003cp\u003eRetirement Accounts and the Permanent Portfolio 238\u003c\/p\u003e \u003cp\u003eIndividual Retirement Accounts 241\u003c\/p\u003e \u003cp\u003ePensions, Social Security, and Other Plans 243\u003c\/p\u003e \u003cp\u003eTax-Loss Harvesting 243\u003c\/p\u003e \u003cp\u003eFinal Thoughts on Taxes 245\u003c\/p\u003e \u003cp\u003eRecap 246\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14 Institutional Diversification 247\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat is Institutional Diversification? 247\u003c\/p\u003e \u003cp\u003eWhy Institutional Diversification? 248\u003c\/p\u003e \u003cp\u003eIdentity Theft 251\u003c\/p\u003e \u003cp\u003eNatural Disasters 252\u003c\/p\u003e \u003cp\u003eTerrorism 252\u003c\/p\u003e \u003cp\u003eCyber Attack 252\u003c\/p\u003e \u003cp\u003eHow to Divide Your Money 253\u003c\/p\u003e \u003cp\u003eRecap 254\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15 Geographic Diversification 257\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThen and Now 257\u003c\/p\u003e \u003cp\u003eWhat is Geographic Diversification? 257\u003c\/p\u003e \u003cp\u003eWhat Assets Should Be Kept in a Foreign Account? 258\u003c\/p\u003e \u003cp\u003eWhy Geographic Diversification? 258\u003c\/p\u003e \u003cp\u003eGeographic Diversification and a Warning for U.S. Citizens 262\u003c\/p\u003e \u003cp\u003eEven Politicians Do It 264\u003c\/p\u003e \u003cp\u003eThe Reality Risk Spectrum 265\u003c\/p\u003e \u003cp\u003eTypes of Geographic Diversification 267\u003c\/p\u003e \u003cp\u003eOverseas Gold Storage Options 270\u003c\/p\u003e \u003cp\u003eNew Zealand 270\u003c\/p\u003e \u003cp\u003eAustralia 273\u003c\/p\u003e \u003cp\u003eUnited States 276\u003c\/p\u003e \u003cp\u003eSwitzerland 278\u003c\/p\u003e \u003cp\u003eIntermediaries for U.S. Citizens 283\u003c\/p\u003e \u003cp\u003eSwiss Gold Storage Services for U.S. and Non-U.S. Citizens 285\u003c\/p\u003e \u003cp\u003eSafe Deposit Boxes 287\u003c\/p\u003e \u003cp\u003eGeographic Diversification Matrix 289\u003c\/p\u003e \u003cp\u003eDisclosing Accounts—U.S. Citizens 290\u003c\/p\u003e \u003cp\u003eEmergency Options 292\u003c\/p\u003e \u003cp\u003eOther Options 293\u003c\/p\u003e \u003cp\u003eRecap 293\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16 The Variable Portfolio 295\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhy a Variable Portfolio? 296\u003c\/p\u003e \u003cp\u003eThree Rules for the Variable Portfolio 296\u003c\/p\u003e \u003cp\u003eModifying the Permanent Portfolio 299\u003c\/p\u003e \u003cp\u003eCan You Really Ever Beat the Market? 299\u003c\/p\u003e \u003cp\u003eRecap 300\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17 Permanent Portfolio Funds 303\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Permanent Portfolio Fund 303\u003c\/p\u003e \u003cp\u003eGlobal X Permanent ETF 307\u003c\/p\u003e \u003cp\u003eRecap 309\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 18 Conclusion 311\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRecommended Resources 313\u003c\/p\u003e \u003cp\u003eAbout the Authors 317\u003c\/p\u003e \u003cp\u003eIndex 319\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":48866368061783,"sku":"9781118288252","price":28.8,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781118288252.jpg?v=1722278313","url":"https:\/\/bookcurl.com\/products\/the-permanent-portfolio-9781118288252","provider":"Book Curl","version":"1.0","type":"link"}