Whatever. I learned a long time ago that GS makes the same amount of money in a bear market as they do in a bear. So - I model my investments after their strategy. I buy strangles and straddles. That's not "betting" - that's "hedging." Value investors lose in a bear. So you do what you do - and I will do what I do. Have fun in this continued correction.
BTW - I'm up 5.87% overall since the 24th. My bets are paying off.
“ So - I model my investments after their strategy. I buy strangles and straddles. That’s not “betting” - that’s “hedging.”
After a lifetime as a portfolio strategist, I am now free to focus on just managing our family money.
I developed a simple strategy that makes life easy...
I buy things going up.
I sell things going down.
I measure market risk as I do it and adjust exposure accordingly.
I enjoy nice returns, with less risk, and life is good.