MediumAll ages

Golden Butterfly Portfolio

An enhanced version of the Permanent Portfolio with increased exposure to small-cap value stocks

Expected Return

7-9% annually

Expected Dividend

2% annually

Rebalancing

Annually

Asset Allocation

VTI (20%)

VBR (20%)

TLT (20%)

IEF (20%)

GLD (20%)

VTI

Broad U.S. total market exposure

20%

VBR

Small-cap value stocks

20%

TLT

Long-term U.S. Treasury bonds

20%

IEF

Intermediate-term U.S. Treasury bonds

20%

GLD

Gold

20%

Advantages

✓Low volatility
✓Downside protection
✓Small-cap value premium
✓Well-balanced composition

Risks

!Complex structure
!Dependence on gold
!Limited growth potential
!Requires periodic rebalancing

Allocation by Investment Amount

If investing $1,000

VTI$200

VBR$200

TLT$200

IEF$200

GLD$200

If investing $5,000

VTI$1000

VBR$1000

TLT$1000

IEF$1000

GLD$1000

If investing $10,000

VTI$2000

VBR$2000

TLT$2000

IEF$2000

GLD$2000