I will be open and honest and sincere at all times in this thread. That is my commitment to all who participate in the conversation.
My sole focus is to understand the primary drivers of systematic (market) risk in my portfolio. With the ultimate aim of attempting to side step the last two thirds of the next US recession. Ken Fisher always says forget corrections during bull markets, stay fully invested as you will just fall into the trap of being whipsawed, but it is worth trying to sidestep the latter stages of bear markets associated with US recessions. For me, that is systematic risk.
And from those primary drivers (my 5 traffic lights), apply the universally accepted risk management matrix. The one everyone uses in daily life subconciously and the one that forms the basis for risk management through all levels business, industry and society. Although interestingly enough, I have not come across it in the world of finance. Too common sense perhaps! After all, did'nt old Albert E say to keep it simple stupid or meaning to that effect.
In a nutshell, blind freddie can see the US is headed for a recession at some point within the next few years. I simply accept the fun and challenge of trying to understanding it and how to best preserve and grow my families wealth.
