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re: Being "recession proof"

Posted on 7/9/13 at 2:02 pm to
Posted by tirebiter
7K R&G chile land aka SF
Member since Oct 2006
9282 posts
Posted on 7/9/13 at 2:02 pm to
quote:

If I must borrow, (which I haven't done in 2 years) I never borrow more than 20% of the value of my portfolio. Overly cautious perhaps, but I still make plenty of money, and I rest a lot easier.



Once I got to a certain passive income and NW number the desire for excess risk exposure was driven from my system. Reading white papers like "Determinants of Growth in Distribution Portfolios: A non-Gaussian Approach" like this didn't hurt, link is in sidebar:

LINK

I am not scared of debt, just that I like to know I have a way of working out of something on my own terms instead of being dictated to by external people/institutions. Everyone has to start somewhere, but hopefully people learn quick when taking lumps.
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