Summary: What is the Permanent Portfolio? The Permanent Portfolio is an investing system which coordinates the purchase and sale of diversified financial assets in a buy-and-hold manner. Who was Harry Browne? Harry Browne was an American free-market Libertarian writer and the Libertarian Party's 1996 & 2000 candidate for President of the United States. He was also a well-known investment advisor for over thirty years, originator of the Permanent Portfolio concept Learn more about Harry Browne Why use the Permanent Portfolio? Is do-it-yourself. Is low-cost. Is simple to implement. Has worked in the past. Harry’s Philosophy Keep it simple and safe The investing world is part of the same world you already know and deal with successfully Anything can happen; nothing has to happen Harry’s 17 Simple Rules for Financial Safety Build Your Wealth upon Your Career Don't Assume You Can Replace Your Wealth Speculate Only with Money You Can Afford to Lose Invest Only on a Cash Basis Understand the Difference between Investing & Speculating Beware of Fortune-Tellers Don't Expect Anyone to Make You Rich Don't Expect a Trading System to Work Reliably Make Your Own Decisions Do Only What You Understand Ask the Right Questions Whenever You're in Doubt, Err on the Side Of Safety Spread the Risk Build a Bullet-proof Portfolio for Protection Keep Some Assets outside Your Own Country Take Advantage of Tax-Reduction Plans Enjoy Yourself with a Budget for Pleasure The Permanent Portfolio 25% Stocks – S&P 500 25% Bonds – Long-dated US Treasuries 25% Cash – US Treasury Bills 25% Gold – Bullion How has the Permanent Portfolio performed over the years? In Harry’s book, he reports the portfolio gained an average of 9.9% annually from Jan 1970 through Dec. 1998, a 29-year period. Others have reported similar results in recent years. Where can I learn more about the Permanent Portfolio? Harry's book "Fail-safe Investing" Harry's investment radio show The Permanent Portfolio Mutual Fund Crawling Road: A blog dedicated to the Permanent Portfolio The Mad Money Machine: An investing podcast Clips Introduction Harry's 17 rules The Bullet-proof portfolio
