What is the Permanent Portfolio?
An investment strategy designed to protect your wealth in any economic scenario, created by Harry Browne in 1981.
A strategy for all scenarios
The Permanent Portfolio is a passive investment strategy that divides your wealth into four equal parts: stocks, bonds, gold, and cash. Each asset is designed to thrive in a different economic scenario.
Unlike other strategies that try to predict the market, the Permanent Portfolio accepts that we don't know what will happen and prepares for all possibilities.
You don't need to predict the future to protect your money. You just need to be prepared for any scenario.
— Harry Browne
Portfolio Distribution
The four pillars
Each asset has a specific role in the portfolio, designed to thrive in different economic conditions.
Protect against economic prosperity and growth. Historically the asset with the highest long-term returns.
Protect against deflation and recessions. Provide stability and predictable fixed income.
Protects against inflation and monetary crises. The traditional safe haven in times of uncertainty.
Provides liquidity and stability. Allows you to take advantage of opportunities and cover emergencies.
Why does it work?
The Permanent Portfolio doesn't try to beat the market, but to protect your wealth in any circumstance.
Protection in any scenario
Whether there's inflation, deflation, growth, or recession. There's always at least one asset protecting your wealth.
Reduced volatility
Diversification among uncorrelated assets drastically reduces your portfolio's fluctuations.
Simplicity and low cost
Only 4 assets to manage, no market timing or complex analysis needed. Low-cost ETFs available.
Proven track record
Over 40 years of history with consistent returns and maximum drawdowns much lower than the stock market.
Ready to start?
Use our free tools to simulate your portfolio or download the app to manage it.