Darwin Portfolio Review: 4 August 2023

Geothermal Hot Springs, Tarangoa, New Zealand

The Darwin Portfolio is an “all-weather” portfolio that it adjusted, as necessary, on the basis of risk parity. Performance to date looks like this:

0r, in stacked format:

The discontinuities in the graphs correspond to allocation adjustments.

Despite the weakness over the past few days, Internal Rate of Return (IRR) is still standing at 14.9%:

Running the current performance calculations we can see the differences in current holdings and suggested allocations:

Although the differences are small, since there have been no adjustments for ~3 months I will rebalance as follows:

• Buy 2 shares VTI
• Buy 3 shares VNQ
• Sell 2 shares TLT
• Buy 2 shares GLD

Since the difference for VSS is only 1 share I will leave that position as-is.