Risk mitigation/exit strategy
Comments
-
It's not a business it's a lifestyle
-
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?
-
“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?
-
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.
