Shouldn’t I have a fund manager making stock decisions using their wisdom and insight?
NO! First of all the Permanent Portfolio has fixed allocation to stocks, bonds, cash and gold. You don’t want to own a fund for your stock portion and have that manager suddenly decide they don’t want to own stocks and go 100% cash or bonds. They can throw a real monkey wrench into the strategy if you have not only the markets moving around but now you have some fund manager trying to outguess what is going to happen next. The Permanent Portfolio strategy has assets that will cover you if the markets are doing poorly or doing well. You don’t need a fund manager making decisions that could hurt performance.
