Global X launched the Permanent ETF (PERM) which is a pretty true version of the original Harry Browne concept. You can learn more about it through the above link, I should have a full writeup on the fund for theStreet.com in a few days.My wife found this website with pages and pages of neat cabin photos from around the world if you're interested in that sort of thing. The cabin pictured is from Siberia, check out the cold war-era satellite dish, wow.
Finally I had to take one of our fire trucks to the garage for a once over and noticed the pictured antique or as some might call it parade vehicle. Pretty neat. One of the other departments here has a full service garage that most of the local departments use for vehicle maintenance.
6 comments:
The cabins are pretty cool. I only got through a couple of pages, but it is a welcome diversion from all things financial.
Hey Roger,
I like those cabins.
Jeff From Milan, Italy
Thanks for the link on PERM, Roger.
It's odd that they would create an ETF that is so much more expensive than owning GLD, TLT, SHY, and VTI.
SD,
I just spoke to Global X about the fund for my TSCM article and long story short it probably would not be cheaper to own those ETFs instead.
Total expense for PERM is .49%... VTI expense .07%, TLT .15% etc etc... sounds a lot more expensive according to my adding machine
If your context is doing it yourself instead of buying PERM, then maybe so but in terms of under the hood of the fund buying treasuries should be cheaper than buying treasury ETFs
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