Timestamps What Happened Last Week – 00:10 What’s Happening Next Week – 9:00 Nick’s Update – 20:18
11 Responses
In prior episodes, you have emphasized “not reacting before seeing the data”. This week, you are advising to make changes to the portfolio before the data arrives. On the surface, it appears you are violating a prior rule of thumb. What aspects of this market situation caused the rule of thumb to be violated? (I think I know what they are from your video but seek further clarity.)
It entirely depends on what the market is already discounting. The odds say that we are not in a recession. Therefore we are underinvested. We had hoped to wait and get equities lower. Now with theta kicking in on our call option, this seems the highest risk-reward option we have, given our self imposed limitations on this account. The one covering the most outcomes with the least potential loss. On the $1m account we would have played it completely differently.
Same question for me. I have a larger taxable portfolio that I’d like the new product for, and a smaller non-taxable portfolio that I’d like access to the base product for. Perhaps a small surcharge to access both?
I’m also interested. I would want to see the commentary and then the changes that would be made to both portfolios as I think this would best help me in making decisions about what to do with my own portfolio or discussing it with my financial advisor.
Not something that I can decide for you, as it depends on your aims. On this account 20% equities is the minimum. Ergo, 25% is not far from there and seems an appropriate allocation for what we know now. What data will have shown in next 3 weeks, I wish I knew :).
11 Responses
In prior episodes, you have emphasized “not reacting before seeing the data”. This week, you are advising to make changes to the portfolio before the data arrives. On the surface, it appears you are violating a prior rule of thumb. What aspects of this market situation caused the rule of thumb to be violated? (I think I know what they are from your video but seek further clarity.)
It entirely depends on what the market is already discounting. The odds say that we are not in a recession. Therefore we are underinvested. We had hoped to wait and get equities lower. Now with theta kicking in on our call option, this seems the highest risk-reward option we have, given our self imposed limitations on this account. The one covering the most outcomes with the least potential loss. On the $1m account we would have played it completely differently.
When I switch to the 2 Gray Beards Squared, will I still have access to the 2 Gray Beards Original?
I’ve got 2 accounts that I trade, one is much smaller and more limited on what I can trade (IRA).
Or will I need 2 subscriptions if I want access to both services?
Never considered the possibility. Need to think of an appropriate fair solution.
Same question for me. I have a larger taxable portfolio that I’d like the new product for, and a smaller non-taxable portfolio that I’d like access to the base product for. Perhaps a small surcharge to access both?
Also interested
I’m also interested. I would want to see the commentary and then the changes that would be made to both portfolios as I think this would best help me in making decisions about what to do with my own portfolio or discussing it with my financial advisor.
For those of us of us planning on migrating to 2GB2, should we still increase SPY to 25% or wait for the launch?
Not something that I can decide for you, as it depends on your aims. On this account 20% equities is the minimum. Ergo, 25% is not far from there and seems an appropriate allocation for what we know now. What data will have shown in next 3 weeks, I wish I knew :).
“On the $1m account we would have played it completely differently.” As to allocation, or as to how to achieve it?
Both.