I think that risk management can be important, but it isn't for everyone. And I have to disagree on some points you made.
For example, diversification: Yes, this is usually a good thing, but if you know what you are doing and have done some great research, it could be better to focus on a few investments, than diversify into many different assets and even within the assets in different places. Take a look at Warren Buffet: For the size of his portfolio, he has very few big positions. Diversification helps to get average results and lower volatility, focus in a field you truly understand, helps to get better results.
Rebalance is something I think is even more ovrrated. Usually it means: Sell your winners, buy more of the loosers. Why should I do this? If you look to the stock market and you own stocks of striving businesses, that made a lot of gains on the on hand, and on the other you have companies, that really aren't great anymore or even face major threats, you wouldn't invest in the loosers, just because they do have a lower ratio in your portfolio. Take an extreme example: You own stocks of Nvidia and Deutsche Bank. In the beginning you had 50/50 and kept it for a time of let's say a few years. It is most likely that Nvidia is completely outweighing Deutsche Bank. Why would you sell your Nvidia stocks to buy Deutsche Bank? Doesn't make any sense to me. And in this environment I don't see a reason, why I should buy bonds at all.
If you have the choice studies show, that time in the market is better than timing the market. Most people have no choice, because they invest money they earn - and you can just invest what is left, after you daily expenses. But if you have a lot of money, and no psychological problems with volatility, it might be better to invest directly, than to wait. Except if you're in a bear market or the end of a bull market - but that is usually hard to say. Dollar cost average effect is mostly a psychological thing. It can be helpful in some cases, but you never know the future - and cash is trash. Except for the money you really need to cover your expenses.
Still, the points I made do have some limiting factors. They aren't for anyone. Focusing on few assets within a class can be very challenging - and if you are not an expert it is quite difficult to find the best of the best.
Rebalancing can be good, if your goal is to keep volatility low or you want to do some turn aroud strategies.
And most of the strategies you mentioned help to keep volatility lower.
Even I disagree on some points, I still appreciate your work! Keep it up!
Cheers,
@andy-plays
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