The Talmud Portfolio | Wisdom, Wealth, and Wellness

Jonathan Satovsky
CFP®, ChFC®, CIMA®, CPWA®, CDFA®, DACFP

Good morning, good afternoon, good evening. Depending on the part of the world you’re in. This is Jonathan Satovsky of Satovsky Asset Management and on today’s episode of “Seeking Wisdom, Wealth, and Wellness,” I want to talk about the idea of the permanent portfolio or the Talmudic portfolio.

How do you create an all-weather portfolio that can make it through any season? Good times, bad times, rain, shine. The concept is to have a portion of your money in businesses—because clearly, businesses provide profits and protection from inflation. A third of your money in liquid assets, whether it’s cash or short-term securities, to make sure that when liquidity in the world dries up, you’re never short of liquidity and you’re not in a position to be a forced seller. And then the third bucket is real assets. Whether it’s real estate or hard assets, commodities, and such.

There are going to be scenarios where those assets will zig while traditional stocks and bonds are zagging. So consider a balance in the right equilibrium. Maybe it’s a third, a third, a third. Maybe it’s some different formula, but calibrate so you could be on your path to being healthy, wealthy, and wise.

Have a great day.

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Disclosures

This blog post is not intended to be, nor should it be construed or used as, an offer to sell, or a solicitation or offer to buy any securities or interests in any strategy offered by Satovsky Asset Management, LLC (“SAM”). SAM is a registered investment advisor with the Securities and Exchange Commission – for more information see www.adviserinfo.sec.gov. Please remember that different types of investments involve varying degrees of risk, and that past performance is not indicative of future results. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the strategies recommended or undertaken by SAM) will be profitable. Market index information shown herein is included to show relative market performance for the periods indicated and not as standards of comparison. The market volatility, liquidity and other characteristics of SAM’s portfolio composition are materially different from the securities listed on public market indices. Market index information was compiled from sources that SAM believes to be reliable. No representation of guarantee is made hereby with respect of the accuracy or completeness or such data. Opinions are as of date of video and are subject to change. A copy of SAM’s current written disclosure statement discussing our advisory services and fees continues to remain available for your review upon request. SAM undertakes no duty to update information presented herein.

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