While I appreciate the general direction of your post, there are 2 things that investors can do during panics like this: invest more (only with extra cash) and tax loss swaps, where you book a tax loss but maintain similar economic exposure.
Agree! There are things you can do around the edges but as you said, ideally one would maintain the same economic exposure rather than try to outsmart the market reaction.
While I appreciate the general direction of your post, there are 2 things that investors can do during panics like this: invest more (only with extra cash) and tax loss swaps, where you book a tax loss but maintain similar economic exposure.
Agree! There are things you can do around the edges but as you said, ideally one would maintain the same economic exposure rather than try to outsmart the market reaction.
Pip Coburn calls this "magesterial inactivity" https://gunnarmiller.substack.com/p/magisterial-inactivity .
Pip Coburn calls this "magesterial inactivity" https://gunnarmiller.substack.com/p/magisterial-inactivity .