I have written a few times about a fund called the Permanent Portfolio (PRPFX). It is a quirky little fund that owns things like gold and Swiss bonds in an effort to conservatively grow with very little correlation to the US stock market.
If you are not familiar with the fund you can listen to a lengthy interview with the manager, Michael Cuggino, at MarketWatch.com by clicking here.
Proud Member Of
Random Roger
© 2009 | Gadget Theme Blogger Template
Original WPtheme By Blogger Template | Converted By Gadget Lover
| Distributed by eFree Blogger Help
Original WPtheme By Blogger Template | Converted By Gadget Lover
| Distributed by eFree Blogger Help
1 comments:
Roger, I had some of my oldest son's college money in this fund for a few years. I did okay, especially after 2000. What ticked me off a little bit was that the previous fund manager was fined by the SEC for some sort of funny business with the fund fees. As part of the settlement, he was removed as manager. What angered me was that I found out about the whole deal quite by accident--no real disclosure was made to the fund holders. I eventually got out of it, not so much because of that, but because the boy will need the money in a year, and the cap gains rate is 5% in his bracket, so why not.
Post a Comment