Hello - i am not great at managing “risk”. I’m 47 and i would like to retire in less than 10 years… 55 is my goal. I’m about 85% equity and 15% bonds…. Note equity included S&P, commodity, gold, bitcoin, stocks.
How would you protect against a downturn and manage your downside risk? Would you sell winners and build a cash position to put into use later when the market bottoms? If so how much?
Or would you sell and buy more bonds? If so how much and what kind?
Or would you buy puts on the S&P? Let’s say a long put on S&P - how much would you do to protect your nest egg.
Let’s say fictionally the overall amount invested is 4 M between all accounts.
Thank you!