PRPFX - the permanent portfolio mutual fund according to the spiel on Google finance, "The investment seeks to preserve and increase the purchasing power value of its shares over the long term. The fund invests a fixed target percentage of net assets in the following investment categories: gold, silver, Swiss franc assets such as Swiss franc denominated deposits and bonds of the federal government of Switzerland, stocks of U.S. and foreign real estate and natural resource companies, aggressive growth stocks and dollar assets such as U.S. Treasury securities and short-term corporate bonds. (emphasis added - see below)
Had you started with them in 1984, the long term performance is such:
Though they've appreciated well since 2001, and indeed have now surpassed the 2008-2009 drop, you'll note that their appreciation was somewhat retarded during the Bull market of the late 1990's, as the decline in other assets outweighed the excessive gains in stocks of that period. What they seem to be missing, from the Google description is a significant position in value stocks, which, in the long-term nature this type of fund is supposed to represent, outperform growth stocks, for the most part. I suppose it would take further research to see what their reallocation policy is, especially since they are in a few more asset classes than Harry Browne's very minimalist Permanent Portfolio model, (which I think is what TooFuzzy's referring to).
Not so sure how well AIM would handle this one, but over the long term it looked like Synchrovest or Twinvest would have done a good job with it.
Best,
AIMster
Had you started with them in 1984, the long term performance is such:
Though they've appreciated well since 2001, and indeed have now surpassed the 2008-2009 drop, you'll note that their appreciation was somewhat retarded during the Bull market of the late 1990's, as the decline in other assets outweighed the excessive gains in stocks of that period. What they seem to be missing, from the Google description is a significant position in value stocks, which, in the long-term nature this type of fund is supposed to represent, outperform growth stocks, for the most part. I suppose it would take further research to see what their reallocation policy is, especially since they are in a few more asset classes than Harry Browne's very minimalist Permanent Portfolio model, (which I think is what TooFuzzy's referring to).
Not so sure how well AIM would handle this one, but over the long term it looked like Synchrovest or Twinvest would have done a good job with it.
Best,
AIMster
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