The Permanent Portfolio is not a popular choice, but it might just be the world's least volatile portfolio. Back-tested to 1971, this portfolio offers decent returns coupled with stability.

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The Permanent Portfolio: Why People Avoid This Profitable, Stable Allocation
If investment portfolios were meals on a restaurant menu, almost nobody would order the Permanent Portfolio. That isn’t because it hasn’t performed well. It has. And it’s relatively stable. In fact, it might be the world’s least volatile portfolio.