Managing risk by employing a zero risk hedge (cash reserve) or by using close stop loss orders depends on one's objectives and philosophy. The AIM Portfolio on a loose Periodic Schedule is, if nothing else, a very simple method.
There seem to be as many strategies for investing as there are investors. One fellow who seems to be a "cousin" of ours by method, I give him credit for being "family" by virtue of his incorporating some of Mr. Lichello's AIM into his own planning. The particular take he's using is constant value investing. For $12 you can get the book on Amazon, his blog which gives teasers here and there which might be of some use is here:
I've already steered him in this direction, but as the blog entries go back to 2006 - not sure how often he visits the old stomping grounds. Anyway - might pick up a few more ideas...
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