Risk mitigation/exit strategy

insinceredawg · February 2021

This bull market is fucking nuts right now and it's making me nervous. What kind of proactive steps do you guys take to reduce your exposure before the inevitable correction comes?

PurpleThrobber · February 2021

insinceredawg said:
This bull market is fucking nuts right now and it's making me nervous. What kind of proactive steps do you guys take to reduce your exposure before the inevitable correction comes?

Imma go out like Michael Hutchence.

creepycoug · February 2021

I've been asking this question for the last month.

Nobody has said they'd exit equities entirely. I'm really wondering if I should.

#howmuchmoreroomisthere

HoustonHusky · February 2021

Maybe buy your own printing press in case the Fed’s breaks?

insinceredawg · February 2021

creepycoug said:
I've been asking this question for the last month.

Nobody has said they'd exit equities entirely. I'm really wondering if I should.

#howmuchmoreroomisthere

Sell all equities and buy up BTC

creepycoug · February 2021

insinceredawg said:

creepycoug said:
I've been asking this question for the last month.

Nobody has said they'd exit equities entirely. I'm really wondering if I should.

#howmuchmoreroomisthere
Sell all equities and buy up BTC

That’s a bold move Cotton.

USMChawk · February 2021

insinceredawg said:
This bull market is fucking nuts right now and it's making me nervous. What kind of proactive steps do you guys take to reduce your exposure before the inevitable correction comes?

Letting it ride. I figure each bull/bear cycle is 7-10 years so I have 3-4 cycles left before my kids inherit it.

Doog_de_Jour · February 2021

Sounds like you guysm can’t handle the ups and downs of ~~recruiting~~ the stock market.

BearsWiin · February 2021

We're looking to buy some acreage outside Paris

DawgOfTheAges · February 2021

one tax friendly strategy for taxable accounts is to go short vs the box [

creepycoug said:
I've been asking this question for the last month.

Nobody has said they'd exit equities entirely. I'm really wondering if I should.

#howmuchmoreroomisthere

Regarding that you can always reduce your exposure across the board by selling 1/3 to 1/2 of your assets across the board, or selectively trim all of or most of the least appealing or risky assets to reduce your exposure. If taxable gains are an issue you can also invest in inverse indexed funds to offset your existing portfolio in an essentially similar but imprecise manner [but which does not cause you to realize gains until you close out the positions, and then you can potentially manage that with offsetting reallocation moves to neutralize the short term gains if any]... I have employed leveraged inverse positions in the past on a short term basis to do that to achieve a more long short neutral position with fewer tax consequences.

In any case, having your asset allocation match your risk tolerance by periodically increasing and reducing exposure is a reasonable peace of mind move.

RaceBannon · February 2021

BearsWiin said:
We're looking to buy some acreage outside Paris

Why buy when you can just roll the tanks in?

BearsWiin · February 2021

RaceBannon said:

BearsWiin said:
We're looking to buy some acreage outside Paris
Why buy when you can just roll the tanks in?

I'm a lover, not a fighter

creepycoug · February 2021

BearsWiin said:

RaceBannon said:

BearsWiin said:
We're looking to buy some acreage outside Paris
Why buy when you can just roll the tanks in?
I'm a lover, not a fighter

I have a friend who stopped talking about, and actually pulled the trigger, on buying a house in Italy. It was a nightmare of red tape, and he needed to engage Italian counsel, but in the end, it was super cheap. The reason it was cheap is that an American is never going to make a living there. You go to spend your money and live in your own place. There's no work, so real estate, a lot of it anyway, is cheap cheap cheap.

If I were to pull the trigger on an apartment in one of the great cities, it would have to be Rome, which is also somewhat affordable. Certainly relative to Paris anyway.

BearsWiin · February 2021

creepycoug said:

BearsWiin said:

RaceBannon said:

BearsWiin said:
We're looking to buy some acreage outside Paris
Why buy when you can just roll the tanks in?
I'm a lover, not a fighter
I have a friend who stopped talking about, and actually pulled the trigger, on buying a house in Italy. It was a nightmare of red tape, and he needed to engage Italian counsel, but in the end, it was super cheap. The reason it was cheap is that an American is never going to make a living there. You go to spend your money and live in your own place. There's no work, so real estate, a lot of it anyway, is cheap cheap cheap.

If I were to pull the trigger on an apartment in one of the great cities, it would have to be Rome, which is also somewhat affordable. Certainly relative to Paris anyway.

I'd get a flat in Vienna. Lots of Italian towns are offering cheap places but even when you fix them up they're still in the middle of nowhere Italy. Great if you like Italy, but hard to get anywhere. I like Rome, but not enough to buy there

We're looking for rural acreage (hectarage) with access to Paris for day trips. Found an inexpensive quasi-chateau fixer but would probably have to put in $200K to make it livable. Not a business opportunity, just a vacation home to use as a jumpoff poont for exploring the rest of the continent

greenblood · February 2021

Physical metals

pawz · February 2021

BearsWiin said:

creepycoug said:

BearsWiin said:

RaceBannon said:

BearsWiin said:
We're looking to buy some acreage outside Paris
Why buy when you can just roll the tanks in?
I'm a lover, not a fighter
I have a friend who stopped talking about, and actually pulled the trigger, on buying a house in Italy. It was a nightmare of red tape, and he needed to engage Italian counsel, but in the end, it was super cheap. The reason it was cheap is that an American is never going to make a living there. You go to spend your money and live in your own place. There's no work, so real estate, a lot of it anyway, is cheap cheap cheap.

If I were to pull the trigger on an apartment in one of the great cities, it would have to be Rome, which is also somewhat affordable. Certainly relative to Paris anyway.
I'd get a flat in Vienna. Lots of Italian towns are offering cheap places but even when you fix them up they're still in the middle of nowhere Italy. Great if you like Italy, but hard to get anywhere. I like Rome, but not enough to buy there

We're looking for rural acreage (hectarage) with access to Paris for day trips. Found an inexpensive quasi-chateau fixer but would probably have to put in $200K to make it livable. Not a business opportunity, just a vacation home to use as a jumpoff poont for exploring the rest of the continent

Sounds like we? should be in the house-husband business.

/creepfinancebored

PurpleThrobber · February 2021

greenblood said:
Physical metals

Like lead?

#bullets

USMChawk · February 2021

PurpleThrobber said:

greenblood said:
Physical metals
Like lead?

#bullets

I bought thousands of rounds, about ten years ago. At current market prices I’ve quadrupled my money on the 9mm and .40. I’ve quintupled it for the .22LR.

doogie · February 2021

greenblood said:
Physical metals

Just don’t keep them in a safe deposit box at a Bank

DerekJohnson · February 2021

PurpleThrobber said:

insinceredawg said:
This bull market is fucking nuts right now and it's making me nervous. What kind of proactive steps do you guys take to reduce your exposure before the inevitable correction comes?
Imma go out like Michael Hutchence.

DerekJohnson · February 2021

pawz said:

BearsWiin said:

creepycoug said:

BearsWiin said:

RaceBannon said:

BearsWiin said:
We're looking to buy some acreage outside Paris
Why buy when you can just roll the tanks in?
I'm a lover, not a fighter
I have a friend who stopped talking about, and actually pulled the trigger, on buying a house in Italy. It was a nightmare of red tape, and he needed to engage Italian counsel, but in the end, it was super cheap. The reason it was cheap is that an American is never going to make a living there. You go to spend your money and live in your own place. There's no work, so real estate, a lot of it anyway, is cheap cheap cheap.

If I were to pull the trigger on an apartment in one of the great cities, it would have to be Rome, which is also somewhat affordable. Certainly relative to Paris anyway.
I'd get a flat in Vienna. Lots of Italian towns are offering cheap places but even when you fix them up they're still in the middle of nowhere Italy. Great if you like Italy, but hard to get anywhere. I like Rome, but not enough to buy there

We're looking for rural acreage (hectarage) with access to Paris for day trips. Found an inexpensive quasi-chateau fixer but would probably have to put in $200K to make it livable. Not a business opportunity, just a vacation home to use as a jumpoff poont for exploring the rest of the continent
Sounds like we? should be in the house-husband business.

/creepfinancebored

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