Risk mitigation/exit strategy
Comments
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Imma go out like Michael Hutchence.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?
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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
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Maybe buy your own printing press in case the Fed’s breaks?
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Sell all equities and buy up BTCcreepycoug 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 -
That’s a bold move Cotton.insinceredawg said:
Sell all equities and buy up BTCcreepycoug 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 -
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. -
Sounds like you guysm can’t handle the ups and downs of
recruitingthe stock market. -
We're looking to buy some acreage outside Paris
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one tax friendly strategy for taxable accounts is to go short vs the box [
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.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
In any case, having your asset allocation match your risk tolerance by periodically increasing and reducing exposure is a reasonable peace of mind move. -
Why buy when you can just roll the tanks in?BearsWiin said:We're looking to buy some acreage outside Paris
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I'm a lover, not a fighterRaceBannon said:
Why buy when you can just roll the tanks in?BearsWiin said:We're looking to buy some acreage outside Paris
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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.BearsWiin said:
I'm a lover, not a fighterRaceBannon said:
Why buy when you can just roll the tanks in?BearsWiin said:We're looking to buy some acreage outside Paris
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 therecreepycoug said:
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.BearsWiin said:
I'm a lover, not a fighterRaceBannon said:
Why buy when you can just roll the tanks in?BearsWiin said:We're looking to buy some acreage outside Paris
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.
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 -
Physical metals
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Sounds like we? should be in the house-husband business.BearsWiin said:
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 therecreepycoug said:
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.BearsWiin said:
I'm a lover, not a fighterRaceBannon said:
Why buy when you can just roll the tanks in?BearsWiin said:We're looking to buy some acreage outside Paris
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.
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
/creepfinancebored
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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.PurpleThrobber said:
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Just don’t keep them in a safe deposit box at a Bankgreenblood said:Physical metals
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PurpleThrobber said:
Imma go out like Michael Hutchence.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?
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pawz said:
Sounds like we? should be in the house-husband business.BearsWiin said:
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 therecreepycoug said:
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.BearsWiin said:
I'm a lover, not a fighterRaceBannon said:
Why buy when you can just roll the tanks in?BearsWiin said:We're looking to buy some acreage outside Paris
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.
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
/creepfinancebored
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It's not a business it's a lifestyle
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How soon are you retiring? If not any time soon ride it with stops placed if you are 5 years out, sell half and ride it with stops placed if 1 year out sell sell sell...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?
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“Protect it with Stops”
LOL. -
If the market didnt tank during this shitshow of a past 9 months it's not going to tank anytime soon as the economy recovers, SMBs get more stable footing, and unemployment continues to drop
Only danger is the Biden admin doing something fucking stupid -
A very real danger.PostGameOrangeSlices said:If the market didnt tank during this shitshow of a past 9 months it's not going to tank anytime soon as the economy recovers, SMBs get more stable footing, and unemployment continues to drop
Only danger is the Biden admin doing something fucking stupid -
Translate please; IDK what that means.Goduckies said:
How soon are you retiring? If not any time soon ride it with stops placed if you are 5 years out, sell half and ride it with stops placed if 1 year out sell sell sell...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?
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It's a layered exit strategy based on your risk tolerance relative to when you NEED your nest egg.creepycoug said:
Translate please; IDK what that means.Goduckies said:
How soon are you retiring? If not any time soon ride it with stops placed if you are 5 years out, sell half and ride it with stops placed if 1 year out sell sell sell...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?
In short, if you need your nest egg very soon, gtfo now. Forego any potential upside from this moment fwd.
If you don't need it for a while, make sure to have stop-losses in place whilst trying to capture more of the inflationary runup. -
Thank you!pawz said:
It's a layered exit strategy based on your risk tolerance relative to when you NEED your nest egg.creepycoug said:
Translate please; IDK what that means.Goduckies said:
How soon are you retiring? If not any time soon ride it with stops placed if you are 5 years out, sell half and ride it with stops placed if 1 year out sell sell sell...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?
In short, if you need your nest egg very soon, gtfo now. Forego any potential upside from this moment fwd.
If you don't need it for a while, make sure to have stop-losses in place whilst trying to capture more of the inflationary runup.
7 years. Seems like I just keep riding then. -
End of the worldcreepycoug said:
A very real danger.PostGameOrangeSlices said:If the market didnt tank during this shitshow of a past 9 months it's not going to tank anytime soon as the economy recovers, SMBs get more stable footing, and unemployment continues to drop
Only danger is the Biden admin doing something fucking stupid -
The Throbber made the poont regarding Lord's of Finance that the fallout had global repercussions lasting literally multiple decades.creepycoug said:
Thank you!pawz said:
It's a layered exit strategy based on your risk tolerance relative to when you NEED your nest egg.creepycoug said:
Translate please; IDK what that means.Goduckies said:
How soon are you retiring? If not any time soon ride it with stops placed if you are 5 years out, sell half and ride it with stops placed if 1 year out sell sell sell...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?
In short, if you need your nest egg very soon, gtfo now. Forego any potential upside from this moment fwd.
If you don't need it for a while, make sure to have stop-losses in place whilst trying to capture more of the inflationary runup.
7 years. Seems like I just keep riding then.
With that in mind relative to the advice proffered by @Goduckies, 7 yrs = 5yr exit strategy.
