My portfolio allocation is a function of many variables.
Quite frankly, most people have very few investment options within their ken or at their disposal: stocks, bonds, and real estate. (note all are incredibly leveraged to low interest rates).
Since I can trade and make enough money doing so, I feel no compulsion to passively invest. It's a risk that I don't have to take.
So, no, the nuke prediction isn't what's got me in cash. I have always been a cash kind of guy - for better or worse, mostly because I trade.
I think when you say 90% cash, you probably meant 90% overnight. If your are fully invested, or even leveraged, during the trading hours, then can you really say that you are 90% cash? I am not sure. For example, if your futures position is $10 million and is leveraged 10 to 1, then it doesn't matter if you have another $9 million in the bank, your are fully invested for the duration of the trade.
4 comments:
I want to go on record as predicting a "suitcase nuke" explosion in Manhattan.
Is this 90% cash talking?
My portfolio allocation is a function of many variables.
Quite frankly, most people have very few investment options within their ken or at their disposal: stocks, bonds, and real estate. (note all are incredibly leveraged to low interest rates).
Since I can trade and make enough money doing so, I feel no compulsion to passively invest. It's a risk that I don't have to take.
So, no, the nuke prediction isn't what's got me in cash. I have always been a cash kind of guy - for better or worse, mostly because I trade.
I think when you say 90% cash, you probably meant 90% overnight. If your are fully invested, or even leveraged, during the trading hours, then can you really say that you are 90% cash? I am not sure. For example, if your futures position is $10 million and is leveraged 10 to 1, then it doesn't matter if you have another $9 million in the bank, your are fully invested for the duration of the trade.
For sure, trading adds its own set of risks.
How did we get dislocated to a "global warming" thread?
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