In the current environment, with more downside likely to come, one of the best things you and I can do is nothing.
… or at least, next to nothing.
I recently wrote about the virtues of a “no beta” portfolio—basically holding on to cash until it’s time to “back up the truck” at a major market bottom.
But I left the door open—”if you must buy, please promise me you’ll keep it low beta. It’s the next best option to low-beta cash”—and for good reason.
The Case for Low Beta
“Anyone who studies finance learns early on that risk and reward go hand in hand and that with higher expected returns come higher risks.… Read more
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