Chris Cook
speaker
56 appearances
1 recordings
1 series
first heard Feb 2020
last heard Feb 2020
Chris Cook’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsNo recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.
Appearances
The key is to have the discipline to maintain your strategy.
Whatever that strategy is, you have to do it.
You need to make up the rules of your strategy before you actually need to use them when you're calm.
In situations like this, a lot of investors are almost in a panic state.
And generally, when we're panicked, we don't make very good decisions.
the first way to protect assets is through diversification that's that's always our go-to you know in our particular case we like to spread assets across all market sectors we divide the market into 11 sectors and we we allocate evenly across there so we don't try to make bets on a particular sector like technology or healthcare financial something along those lines
And with some luck, the sectors in this particular market, like utilities and real estate, that don't have much exposure to China or any overseas markets, for that matter, will help protect that portfolio.
Generally, I don't try to avoid any particular sector.
I do like full diversification across the market at almost all times.
If you are a particular investor that really wants to try to avoid something at this particular time, then I would probably avoid sectors like technology because they have high valuations to start with.
They've been on a pretty big run.
And they have large exposure to China.
So it's very difficult for them to avoid the outbreak right now.
And in China, you have large population centers that are effectively shut down completely.
So that's going to affect their supply chains.
right now if they're set on investing the money right now today i would do exactly that i would allocate those funds across those 11 sectors evenly we don't know what the market's going to do in the next week or two weeks or a month so diversification is still the first rule of thumb but i would also apply a stop loss to the portfolio for current investors as well as those putting in new money
If the portfolio drops by a certain percent and you have to figure out what your risk tolerance is for most clients out there, it's somewhere around that 10 percent mark.
So if that portfolio is dropped by 10 percent, we will trigger that stop and we will go to safe assets like a lot of the market is today.
They're all going to treasuries primarily today.
So the bond markets are doing well.
Showing 1–20 of 56 · page 1 of 3
Next →