Thank you for your thoughtful article. I like the previous commenters suggestion of stop loss orders, but am less certain about t-bills or bonds as an option. The Dollar$ is already down 10% YTD and if the folks in DC resume punitive tariffs, the Dollar will likely fall much further. I have increased my cash and non-US holdings, but per your comments, have mostly nibbled at this sort of diversification. I am hopeful that some level of sanity will be achieved by policy makers, but also know that "hope" seldom leads to successful investment outcomes. The phrases "new paradigm" and "this time is different" often prove wildly inaccurate, but as we all know, fat tail risk is not zero.
I am keeping tight stop loss orders on all my positions until things break, then hopefully I will have the stomach to buy during the time when all commentary is saying market is going to zero, put all your money in t-bills.
Thank you for your detailed informative post, I really appreciate it.
Thank you for your thoughtful article. I like the previous commenters suggestion of stop loss orders, but am less certain about t-bills or bonds as an option. The Dollar$ is already down 10% YTD and if the folks in DC resume punitive tariffs, the Dollar will likely fall much further. I have increased my cash and non-US holdings, but per your comments, have mostly nibbled at this sort of diversification. I am hopeful that some level of sanity will be achieved by policy makers, but also know that "hope" seldom leads to successful investment outcomes. The phrases "new paradigm" and "this time is different" often prove wildly inaccurate, but as we all know, fat tail risk is not zero.
I am keeping tight stop loss orders on all my positions until things break, then hopefully I will have the stomach to buy during the time when all commentary is saying market is going to zero, put all your money in t-bills.
Thank you for your detailed informative post, I really appreciate it.