- I started off the year holding no cash equivalents in my investment accounts, instead opting for a 60/40 proxy for my "default position".
- After it became clear that the scale of the Russian invasion into Ukraine was quite big, I moved my default position to cash.
- The reason for the move was because a variety of Black Swan risks have risen significantly over the short term.
- In this article, I will share some of my thinking about Black Swan positioning, especially within the current macro environment that includes high inflation.
For further details see:
How Much Cash To Hold With Russian Black Swan Risk Rising?