3min chapter

Animal Spirits Podcast cover image

Talk Your Book: Upside and Downside Customization For Your Portfolio

Animal Spirits Podcast

CHAPTER

How to Hedge Your Portfolio With a Structured Note

Long equities are long equities. That's the risk that we want. Not even because of the risk, my friends. It's also because when you own a structured note, the terms only matter at maturity. So you want to use those long equities as your cash toggle to tactically tilt up or down. If Michael wants to drive his mobile home, right? And he needs insurance on it. He is going to be able to do that through his long equity. My thesis is saying, take 7% and put that to a tax loss harvesting strategy or buy SPY,. whatever you want to do with that in the long, and take that other three and protect yourself.

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