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	<title>Crawling Road &#187; Investing</title>
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	<link>http://crawlingroad.com/blog</link>
	<description>The Permanent Portfolio, Investing, Finance and Random Thoughts.</description>
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	<itunes:summary>The Crawling Road Money Show focuses on investing, finance and economics. We discuss the Permanent Portfolio and other topics to make investing simple and successful.</itunes:summary>
	<itunes:author>Craig Rowland</itunes:author>
	<itunes:explicit>clean</itunes:explicit>
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	<itunes:owner>
		<itunes:name>Craig Rowland</itunes:name>
		<itunes:email>podcastsxml@crawlingroad.com</itunes:email>
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	<managingEditor>podcastsxml@crawlingroad.com (Craig Rowland)</managingEditor>
	<copyright>2010 Craig Rowland</copyright>
	<itunes:subtitle>Simple investing for success.</itunes:subtitle>
	<itunes:keywords>investing, permanent portfolio, indexing, stocks, bonds, cash, gold, harry browne, john chandler, craig rowland, craigr, crawling road</itunes:keywords>
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		<itunes:category text="Investing" />
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		<item>
		<title>Index Funds and IPOs</title>
		<link>http://crawlingroad.com/blog/2012/01/28/index-funds-and-ipos/</link>
		<comments>http://crawlingroad.com/blog/2012/01/28/index-funds-and-ipos/#comments</comments>
		<pubDate>Sat, 28 Jan 2012 20:57:38 +0000</pubDate>
		<dc:creator>craigr</dc:creator>
				<category><![CDATA[Investing]]></category>
		<category><![CDATA[index funds]]></category>
		<category><![CDATA[stocks]]></category>
		<category><![CDATA[variable portfolio]]></category>

		<guid isPermaLink="false">http://crawlingroad.com/blog/?p=6730</guid>
		<description><![CDATA[




A poster on the forum brought up a great question on whether index funds would be forced to buy the upcoming Facebook IPO. The worry is that the index funds will load up on the IPO and take a loss later as the IPO price comes back down to Earth.
No, this isn&#8217;t likely to happen.
IPOs are,  [...]]]></description>
		<wfw:commentRss>http://crawlingroad.com/blog/2012/01/28/index-funds-and-ipos/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>Governments Like Inflation</title>
		<link>http://crawlingroad.com/blog/2012/01/25/governments-like-inflation/</link>
		<comments>http://crawlingroad.com/blog/2012/01/25/governments-like-inflation/#comments</comments>
		<pubDate>Wed, 25 Jan 2012 20:12:10 +0000</pubDate>
		<dc:creator>craigr</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[Investing]]></category>
		<category><![CDATA[Permanent Portfolio]]></category>
		<category><![CDATA[Gold]]></category>
		<category><![CDATA[hyper-inflation]]></category>
		<category><![CDATA[Inflation]]></category>
		<category><![CDATA[TIPS]]></category>

		<guid isPermaLink="false">http://crawlingroad.com/blog/?p=6243</guid>
		<description><![CDATA[




Let&#8217;s talk about Treasury Inflation Protected Securities (TIPS) again. It&#8217;s no secret that I dislike them vs. gold in the Permanent Portfolio. But will they ever &#8220;default&#8221; as some say? No, they won&#8217;t. But this doesn&#8217;t mean they don&#8217;t have other serious problems.
I don&#8217;t believe the US will  [...]]]></description>
		<wfw:commentRss>http://crawlingroad.com/blog/2012/01/25/governments-like-inflation/feed/</wfw:commentRss>
		<slash:comments>5</slash:comments>
		</item>
		<item>
		<title>Harry Browne in 1970 Discussing the Coming Devaluation of the Dollar</title>
		<link>http://crawlingroad.com/blog/2012/01/24/harry-browne-in-1970-discussing-the-coming-devaluation-of-the-dollar/</link>
		<comments>http://crawlingroad.com/blog/2012/01/24/harry-browne-in-1970-discussing-the-coming-devaluation-of-the-dollar/#comments</comments>
		<pubDate>Wed, 25 Jan 2012 00:20:41 +0000</pubDate>
		<dc:creator>craigr</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[Finance]]></category>
		<category><![CDATA[Investing]]></category>
		<category><![CDATA[Gold]]></category>

		<guid isPermaLink="false">http://crawlingroad.com/blog/?p=6713</guid>
		<description><![CDATA[Harry Browne in September 1970 on the TV show &#8220;Firing Line&#8221; with William Buckley, Jr. He is discussing how the US government is going to break the gold standard and the kinds of repercussions it may have. The gentleman in the middle, Eliot Janeway, was proven completely wrong when Nixon did in fact  [...]]]></description>
		<wfw:commentRss>http://crawlingroad.com/blog/2012/01/24/harry-browne-in-1970-discussing-the-coming-devaluation-of-the-dollar/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Timing Matters, but Emotions Matter More</title>
		<link>http://crawlingroad.com/blog/2012/01/20/timing-matters-but-emotions-matter-more/</link>
		<comments>http://crawlingroad.com/blog/2012/01/20/timing-matters-but-emotions-matter-more/#comments</comments>
		<pubDate>Fri, 20 Jan 2012 19:23:47 +0000</pubDate>
		<dc:creator>craigr</dc:creator>
				<category><![CDATA[Investing]]></category>
		<category><![CDATA[gurus]]></category>
		<category><![CDATA[market timing]]></category>
		<category><![CDATA[rebalancing]]></category>
		<category><![CDATA[voodoo]]></category>

		<guid isPermaLink="false">http://crawlingroad.com/blog/?p=6686</guid>
		<description><![CDATA[Market timing is something I&#8217;ve found many investors get drawn to eventually in their search for performance. My opinion is that market timing simply doesn&#8217;t work for a host of reasons. However it&#8217;s common to hear that if an investor just timed these various assets correctly they could have made X  [...]]]></description>
		<wfw:commentRss>http://crawlingroad.com/blog/2012/01/20/timing-matters-but-emotions-matter-more/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Trading Against Pros</title>
		<link>http://crawlingroad.com/blog/2012/01/18/trading-against-pros/</link>
		<comments>http://crawlingroad.com/blog/2012/01/18/trading-against-pros/#comments</comments>
		<pubDate>Wed, 18 Jan 2012 07:01:32 +0000</pubDate>
		<dc:creator>craigr</dc:creator>
				<category><![CDATA[Investing]]></category>
		<category><![CDATA[index funds]]></category>
		<category><![CDATA[market timing]]></category>
		<category><![CDATA[passive investing]]></category>
		<category><![CDATA[risk]]></category>
		<category><![CDATA[stocks]]></category>
		<category><![CDATA[strategy]]></category>

		<guid isPermaLink="false">http://crawlingroad.com/blog/?p=6626</guid>
		<description><![CDATA[Doing some research recently I&#8217;ve found that almost 9 out of 10 of the trades on any given day on Wall Street are between professionals, not individuals. Think about that for a second. When you go to make a trade, 9 out of 10 times you are doing it against someone that does it for a living. And not  [...]]]></description>
		<wfw:commentRss>http://crawlingroad.com/blog/2012/01/18/trading-against-pros/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Callan Periodic Table of Investing Returns 2011</title>
		<link>http://crawlingroad.com/blog/2012/01/16/callan-periodic-table-of-investing-returns-2011/</link>
		<comments>http://crawlingroad.com/blog/2012/01/16/callan-periodic-table-of-investing-returns-2011/#comments</comments>
		<pubDate>Mon, 16 Jan 2012 07:01:22 +0000</pubDate>
		<dc:creator>craigr</dc:creator>
				<category><![CDATA[Investing]]></category>
		<category><![CDATA[diversification]]></category>
		<category><![CDATA[market timing]]></category>

		<guid isPermaLink="false">http://crawlingroad.com/blog/?p=6619</guid>
		<description><![CDATA[I love the Callan Periodic Table of Investing Returns. This chart shows major asset classes and how they&#8217;ve done from 1992-2011. It shows very vividly the unpredictable nature of the markets and why holding a diversified investing portfolio is a good idea. It doesn&#8217;t show gold and long-term bonds  [...]]]></description>
		<wfw:commentRss>http://crawlingroad.com/blog/2012/01/16/callan-periodic-table-of-investing-returns-2011/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Market Timing vs. Efficient Market Hypothesis &#8211; Understanding the Problem</title>
		<link>http://crawlingroad.com/blog/2012/01/15/market-timing-vs-efficient-market-hypothesis-understanding-the-problem/</link>
		<comments>http://crawlingroad.com/blog/2012/01/15/market-timing-vs-efficient-market-hypothesis-understanding-the-problem/#comments</comments>
		<pubDate>Sun, 15 Jan 2012 22:37:51 +0000</pubDate>
		<dc:creator>craigr</dc:creator>
				<category><![CDATA[Investing]]></category>
		<category><![CDATA[market timing]]></category>
		<category><![CDATA[voodoo]]></category>

		<guid isPermaLink="false">http://crawlingroad.com/blog/?p=6612</guid>
		<description><![CDATA[Let me answer the common argument for market timing versus relying on the Efficient Market Hypothesis (EMH) for managing a portfolio.
The argument usually is something like: &#8220;EMH allows bubbles to form and other mis-pricings, therefore it is wrong and doesn&#8217;t work. Market timing works better.&#8221;
Well  [...]]]></description>
		<wfw:commentRss>http://crawlingroad.com/blog/2012/01/15/market-timing-vs-efficient-market-hypothesis-understanding-the-problem/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>My Easiest Money Is From Market Timers</title>
		<link>http://crawlingroad.com/blog/2012/01/12/my-easiest-money-is-from-market-timers/</link>
		<comments>http://crawlingroad.com/blog/2012/01/12/my-easiest-money-is-from-market-timers/#comments</comments>
		<pubDate>Thu, 12 Jan 2012 17:43:17 +0000</pubDate>
		<dc:creator>craigr</dc:creator>
				<category><![CDATA[Investing]]></category>
		<category><![CDATA[bonds]]></category>
		<category><![CDATA[market gurus]]></category>
		<category><![CDATA[market timing]]></category>

		<guid isPermaLink="false">http://crawlingroad.com/blog/?p=6418</guid>
		<description><![CDATA[Anyone reading this blog knows I don&#8217;t market time because I just don&#8217;t think it works. That&#8217;s for any asset class. Yet I sometimes see advice from those that would say that stock market timing doesn&#8217;t work, but will tell people about bond market timing strategies that supposedly do work. You can&#8217;t  [...]]]></description>
		<wfw:commentRss>http://crawlingroad.com/blog/2012/01/12/my-easiest-money-is-from-market-timers/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Happy Thanksgiving! Now, continue to ignore your portfolio.</title>
		<link>http://crawlingroad.com/blog/2011/11/23/happy-thanksgiving-now-continue-to-ignore-your-portfolio/</link>
		<comments>http://crawlingroad.com/blog/2011/11/23/happy-thanksgiving-now-continue-to-ignore-your-portfolio/#comments</comments>
		<pubDate>Wed, 23 Nov 2011 20:48:29 +0000</pubDate>
		<dc:creator>craigr</dc:creator>
				<category><![CDATA[Investing]]></category>
		<category><![CDATA[Permanent Portfolio]]></category>
		<category><![CDATA[behavioral economics]]></category>
		<category><![CDATA[permanent portfolio]]></category>

		<guid isPermaLink="false">http://crawlingroad.com/blog/?p=6066</guid>
		<description><![CDATA[A poster on the forum was concerned about his portfolio performance short-term. Watching the markets go up and down can get nerve wracking and I understand the concern.
Let me be blunt: You will go nuts if you look at your portfolio each day. You&#8217;ll go nuts faster if you look at the assets in  [...]]]></description>
		<wfw:commentRss>http://crawlingroad.com/blog/2011/11/23/happy-thanksgiving-now-continue-to-ignore-your-portfolio/feed/</wfw:commentRss>
		<slash:comments>4</slash:comments>
		</item>
		<item>
		<title>Tutorial on Buying Bonds from Fidelity</title>
		<link>http://crawlingroad.com/blog/2011/10/28/tutorial-on-buying-bonds-from-fidelity/</link>
		<comments>http://crawlingroad.com/blog/2011/10/28/tutorial-on-buying-bonds-from-fidelity/#comments</comments>
		<pubDate>Fri, 28 Oct 2011 19:48:11 +0000</pubDate>
		<dc:creator>craigr</dc:creator>
				<category><![CDATA[Investing]]></category>
		<category><![CDATA[Permanent Portfolio]]></category>
		<category><![CDATA[bonds]]></category>

		<guid isPermaLink="false">http://crawlingroad.com/blog/?p=6058</guid>
		<description><![CDATA[Forum member Gumby has put up a great tutorial on how to buy bonds directly if you are with Fidelity:
Fidelity Bond Tutorial
Buying bonds directly for the Permanent Portfolio is always the best way to own them. You eliminate fund risk and save on management fees as well. Most brokerages have  [...]]]></description>
		<wfw:commentRss>http://crawlingroad.com/blog/2011/10/28/tutorial-on-buying-bonds-from-fidelity/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
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