Harry Browne’s Permanent Portfolio

Performance not bad, especially if modified according to Portfolio Chart’s recommendation of the “Butterfly” portfolio.


But one thing omitted from all discussions of portfolios:

  1. While VTI  is more volital during accumulation, it facilitates dollar cost averaging and this is not figured in for the more static portfolios.
  2. VTI will generate more dividends than HBPP and this will increase the number of shares held at the end of the accumulation period.