permanent portfolio


A portfolio that is designed using a model conceptualized by investor Harry Browne in the 1980s. Browne's goal was to create a portfolio that would perform well in any economic situation. The original (theoretical) permanent portfolio involved an equal allocation of assets in four basic investment categories: precious metals, stocks such as S&P 500 index funds, U.S. Treasury bonds, and money market funds. Some variations of this type of portfolio are still used today with varying degrees of success.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
permanent loan permissible nonbank activities