History
Combines Harry Browne's regime framework with practical income investing.
Philosophy
Preserve the permanent structure while carving out income-oriented assets.
Income / RetirementIncomeIncome orientedDefensiveMedium complexity
Permanent Income Portfolio
A Permanent Portfolio variant that adds a dedicated dividend and REIT income sleeve.
Asset allocation
Stocks
20%Long Bonds
20%Gold
20%Cash
20%Dividend Stocks
10%REITs
10%Performance
How this allocation behaved across modern markets
Annual rebalancing, local bond and cash proxies where relevant, and optional inflation adjustment through CPI.
1970-2024Log scale
CAGR
7.4%
1970-2024
Max drawdown
-10.6%
Volatility
6.5%
Worst year
-10.6%
2022
Implementation
Local products and proxies
🌐 Permanent Income Portfolio implementation
Long-term individual investor
Use broad, low-cost funds or ETFs matching each asset class.
Account notes: Implementation depends on local account types and tax wrappers.
Costs: Prefer low-cost, liquid vehicles.
Rebalancing: Annual rebalancing or tolerance bands.
Tax: Country-specific tax treatment should be reviewed before implementation.
Product names are implementation examples for research. Availability, taxation, share classes and suitability should be checked with the investor's broker and tax situation.
Similar portfolios
Adjacent ideas in the atlas
Retirement Real Assets Portfolio
A retirement portfolio with bonds, TIPS, dividend stocks, REITs and gold.
Bonds35%
TIPS20%
Dividend Stocks20%
REITs15%
Gold10%
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SWR REIT & Gold Portfolio
A safe-withdrawal oriented portfolio adding REITs, gold and cash to a stock-bond core.
Stocks40%
Bonds20%
REITs15%
Gold15%
Cash10%
Open atlas entry
Dividend REIT Income Portfolio
A diversified income allocation combining dividend stocks, listed real estate, bonds and cash to avoid relying on a single yield source.
Dividend Stocks40%
REITs30%
Bonds25%
Cash5%
Open atlas entry
Retirement Income Portfolio
A diversified portfolio intended for withdrawals and stability during retirement.
Bonds40%
Stocks35%
TIPS15%
Cash10%
Open atlas entry
Global Real Estate Income
An income portfolio built from global REITs, dividend stocks and bonds.
Global REITs50%
Dividend Stocks25%
Bonds25%
Open atlas entry