Obviously everyone has many opinions on the state of our current bull market. But the stats are that the average life of a bull is 4.5 years and we're now past that. I am in my 20's and have some time for damage control (this is also kind of "experimental" money), but I'm still pretty conservative when it comes to my money.
I am not looking for an argument about when the top will come, when the pullback will occur, or how large it will be. No one should try to (or even can) call a top – the ones who look like they hit it are just lucky. The unlucky ones, trying to eke out last-minute gains, usually get burned. I am looking to stabilize my portfolio a little bit and want to get a feel of what you're all doing (if anything) to weatherproof yours.
Anyone think that their portfolio is correction-proof?
I guess if you're almost fully hedged out short the spx and have tight stop losses.......
Mine is. The only real way I can loose value is if there is a mass extinction.
If you're conservative, why don't you just pull it out and wait 'til things get cheap instead of paying for a hedge? If you're a stock picker, I'd just make sure that I had exposure on both sides and just long the best/short the worst. I bias my portfolio to my market views, but still leave some room for protection.
IMHO buy Bonds. At least that is what Graham suggested. When there is a crisis they usually go up (at least government bonds). Start selling stocks and buy good quality bonds. The only concern is QE but you will be able to secure your money and still get a return.
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