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Before getting into this, would like to mention this is for INVESTING, for the most part. Not TRADING. I think, most people won't be interested. Again, as I previously said. I am learning and being taken a little under the wings of others. This is just sort of a journal currently if you will. This portion of my portfolio is essentially my "save game" point and more passive. Every few months, I reset my crypto trading account and have moved that over to tradfi. I've historically viewed it as a barbell approach where crypto = make money and tradfi = preserve it. So this specific bucket is a low risk bucket that protects the majority of my wealth. It also, in doing so smooths out my overall returns as a whole. Most people think the goal is to make the highest return. But really, what we all should strive for is something that is sustainable, and can keep compounding without blowing up. So this portfolio design is suppose to survive every environment as opposed to being a bet on any one outcome. Keep in mind, this is it's own bucket, there are a few buckets. I'll cover all of them. There is the foundation, or the anchor. Which is bonds, credit funds, box spreads. These can be rotated into stocks on a huge correction or at least my plan but don't have to be. The purpose of them is to have steady, predictable returns. They certainly won't make you wealthy, but they can help keep your wealth regardless of that level. Orthogonal Bets: It just means, uncorrelated or things that move differently from stocks or bonds. These are strategies like systematic quant funds, or multi-strategy platforms. They smooth the overall return curve and keep the portfolio more stable. Then you have your long /short strategies. This is where the highest returns are possible. This is more skill based, but think of it as long value and short junk. It doesn't necessarily rely on the market going up. The same trades many put on here in crypto. Then you have convexity sleeves. They are the smaller positions, but can be explosive. Macro, momentum, or venture style bets. They don't cost as much but they can move a lot. Discovery, is one one example. A macro convex fund. When something breaks, these can shoot up and offset the pain elsewhere. And sometimes, but not always can create some pretty huge wins. Anchor = Stability Orthogonal = Diverisification Alpha Engine = Growth Convex = optionality Big capital in low volatility sleeves Small capital in high vol sleeves (convexity) And this helps shape the return path into something smoother that can compound, and be resilient despite market conditions. In short, you survive the crashes. I currently in this bucket for this portfolio have the following: 40% in anchor atm. Bonds, Alt credit funds like helix, delphi, and legacy, and box spreads. These are just examples. 45% in the alpha engine. Fundamental and systematic long/short equities. Some of this in similar liquid funds. Some is self managed like on my brokerage accounts. 10% in orthogonal: Uncorrelated asset streams 5% in convex/opportunistic. This is more asssyemtric bets, smaller capital but more optionality. It's balanced between offense and defense. The result is high sharpe, moderate returns, and low drawdown risks. If the markets blow up as they do time to time, I may only see 5-10% drawdown. Everything is counter balanced, the beta ends up being around .20-.25, with low volatility. Drawdowns are shallower, rebalacing is more effective. So one part is maybe losing money, another is flat, and then a different part of the port is making a killing when turmoil hits. But the part that is making a killing is the smallest part of the port bc its the convex sleeve. So you end up with a smooth equity curve overall I will add more onto this later. Bc it's already a long post. this is the most boring part of the portfolio but its the one that protects the rest and allows risk taking elsewhere Will try to write a bit more on this. In a better format that’s easier to read and more detailed. This portfolio is my largest bucket atm And as previously said bc it’s snow season I had been winding down a lot of my active trading accounts. So will be less active the next few months in general. But will still try to get up a nicely weekly post in general for markets and some broader ideas out there. The markets will always be here. Good and bad. Maybe I’ll miss some good trades but there’s always another train.