Hi, first post in this forum and just curious if anyone else does this. I own a lawn care company and a design build firm. Something that always keeps me up at night is a major recession/depression happening. I started dabbling in the market in college and then really started investing in COVID and all around really paying attention. Something I have had alot of success with and has really helped me sleep at night is PUTs. I have been nervous last couple years economy wise and for $10k to $30k a year or so in portfolio "drag" I can buy pretty phenomenal insurance just incase. For example, bought puts against SPY/SYF/STLA this last fall through Feb bc I was/am nervous and it worked out really well. I sold out about 70% of peak value bc it was too much up/down for me and 5x'd what I had in, peak it was over 10x what I had in. I am now back in PUTs against AAPL and SPY again bc I still have same nerves and seeing market get frothy/return to pretty high levels and want to keep my "insurance".
Anyone else do this? Or have better strategies to actually protect your self?