The Permanent Portfolio During Rising Interest Rates: Here's What Happens

Published: July 12, 2013

Our recent article "3 Portfolios Inspired By Graham, Swensen, Browne" showed Harry Browne's Permanent Portfolio to be a solid performer, returning 6.6% over the past five years with less risk than an S&P 500 portfolio or a balanced portfolio (60% stocks / 40% bonds). But some unanswered questions emerged from that analysis.

 

The New Questions

 

1. Over a longer time horizon, how has the Permanent Portfolio performed?

 

2. During a period of rising interest rates, how has the Permanent Portfolio performed?

 

We intend to answer these questions in this article.


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