RealHornblower

RealHornblower t1_j3cpreb wrote

It's not a binary, one-time decision "do I live a normal lifespan or get locked into a billion+ year existence no matter how horrible it gets."

You can always stop the treatment after "only" 500 or 5000 or 5 million years if you want. Take a year to go over the pros and cons of living every millennium or so.

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RealHornblower t1_iy8vxjt wrote

SPY is down almost 20% YTD, and with inflation, that's more like 25-30% in real terms. There can always be more downside but the risk/reward of buying puts seems pretty bad right now. You're either betting on catching the last 5-10% downward move, or you're betting on a major recession where we drop 50%-ish from the highs.

I like selling fairly OTM covered calls right now.

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