Now that we've discussed what the Fiscal Cliff is what changes, if any, do I need to make for the Model Portfolio...
There is something else that the SPY Put option brings to the account beyond the economic reasons I mention in the video. Peace of mind. While I do not think it will happen, we can have a complete meltdown and I will come out ahead.
We can have a rise in the markets and my share price will rise so I will come out ahead.
Combined with the Investing account's dividends of bringing in income... Its as close to as win-win as you can get.
This mentality is what I think retail investors really needs to get down to doing. Getting away from the buy low sell high as their entire strategy.
Disclaimer: The investments and trades in my videos and blog entries are not recommendations for others. I am not a financial planner, financial advisor, accountant, or tax adviser. The financial actions I talk about are for my own portfolio and money and only suited for my own risk tolerance, strategy, and ideas. Copying another person's financial moves can lead to large losses. Each person needs to do their due diligence in researching and planning their own actions in the financial markets.
EDIT: At the time this blog entry was posted I had a Youtube video here. That has been removed but I want the rest of my content to be remain. Nothing hidden no past mistakes ignored. All out in the open.
There is something else that the SPY Put option brings to the account beyond the economic reasons I mention in the video. Peace of mind. While I do not think it will happen, we can have a complete meltdown and I will come out ahead.
We can have a rise in the markets and my share price will rise so I will come out ahead.
Combined with the Investing account's dividends of bringing in income... Its as close to as win-win as you can get.
This mentality is what I think retail investors really needs to get down to doing. Getting away from the buy low sell high as their entire strategy.
Disclaimer: The investments and trades in my videos and blog entries are not recommendations for others. I am not a financial planner, financial advisor, accountant, or tax adviser. The financial actions I talk about are for my own portfolio and money and only suited for my own risk tolerance, strategy, and ideas. Copying another person's financial moves can lead to large losses. Each person needs to do their due diligence in researching and planning their own actions in the financial markets.
