New Quest: Is It Time for Momentum?
New RPC quest: is it time to incorporate momentum investing? I’ll dig into the research, backtest the strategy, and figure out whether momentum deserves a place alongside value in a DIY portfolio.
Risk Parity Chronicles
Researching, testing, and sharing insights into risk-balanced portfolios for the individual investor.
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Latest posts
A Risk Parity Kerfuffle
A critique of Risk Parity, a defense of testing ideas, and a reminder that investing doesn’t have to get personal.
July 2026 Portfolio Review
July was a quiet down month for most portfolios. More interesting was the rotation beneath the surface, as value stocks outperformed while long-term bonds continued to struggle.
The Two Triangles: A Simple Roadmap from Accumulation to Retirement Investing
The Equity Triangle is built to grow your wealth; the Diversifying Triangle is built to help you live off it. Together, they offer a simple roadmap from your first paycheck to your retirement years.
June 2026 Portfolio Review
June finally broke the winning streak—but only gently. A modest pullback revealed a few surprises, from small-cap value quietly shining to crypto dragging down the more aggressive portfolios.
Risk Parity Library: Leverage Aversion and Risk Parity (Asness, Frazzini, & Pedersen, 2012)
The latest Risk Parity Library entry tackles a big question: Why does Risk Parity work? Asness, Frazzini, and Pedersen offer an elegant answer—and back it up with decades of evidence. A must read.
Portfolio Breakdown: The Equity Triangle
If you're still years away from retirement, Risk Parity may not be the right tool for the job. The Equity Triangle offers a simpler path: growth, balance, & almost no maintenance.
Best in Class: Small-Cap Value ETFs
Continuing my series on Best in Class ETFs for the Risk Parity investor, this time we’re looking at one of the foundational building blocks of a diversified portfolio: US small-cap value.
The Right Way to Use a Backtest
Ben Felix says investors put too much faith in backtests. Fair enough - they aren't the be all and end all. But dismissing them entirely misses the point.
May 2026 Portfolio Review
“Wall Street Climbs a Wall of Worry,” they say. And it just keeps climbing it!! Another great month, despite many legitimate reasons to be pessimistic. Shannon’s 50/50 wins May, retakes first overall.