#xposure-and-things

[xposure-and-things]

[bestprintbuy]

Three Greatest Direct Mail Advertising Ways For Real Estate Brokers

Covid friendly Virtual Realtor tour of latest listings open to one hundred thirty of Whistler's Realtors. Under the Create CMA Print Document found on step 5 of the CMA, you will see that you've got got the choice to customize a particular template to your model, after which addContent it as a template option. Xposure™ provides both Brokerages and REALTORS® the right instruments to supply a fluid, personalised shopper experience, in all categories, on all gadgets, and all within the Agent or Company Brand. Closing is essentially dealt with by your real estate lawyer, but we sometimes work with the lawyer to ensure a smooth closing and work by way of any problems, if any, that may come up. Therefore, whereas there is not a must maintain the home in “listing ready” situation, it's best to maintain it in the identical condition because it was in when the provide to purchase was accepted till completion. To make positive that the appliances and any gadgets included in the buy price have remained with the property and proceed to be in good working order.

The NP Comment publication from columnist Colby Cosh and NP Comment editors tackles the essential topics with boldness, verve and wit. Get NP Platformed delivered to your inbox weekdays by 4 p.m. It is a precedence for CBC to create a website that's accessible to all Canadians together with folks with visible, hearing, motor and cognitive challenges. There is a realtor named Cotty Lowry who began advertising his face on a billboard within the city he lives in. In the business of trust, a face is a powerful card to play. In those early days, the industry was rampant with scam artists.

As a result, you'll be able to increase your response rate and at all times stay on top of the prospect’s thoughts. The consumers on the fence are additionally another area of interest of real estate prospects that generally don’t get the eye they deserve. When an actual estate purchaser does not really feel it's urgent to make a buying decision, they linger around and look just sold real estate postcards for different options they can consider. Once you may have a template on file, we’ll simply be ready to produce postcards as you need them. Grow your small business and convert prospects to new clients with this acquisition postcard that includes autumn scenes. Send me exclusive presents, distinctive present ideas, and personalised tips for buying and selling on Etsy.

Real estate postcards that higher align with your goal group. Real estate postcards based on demographic information similar to age, income, household measurement, and so on. Postcards are maybe the most straightforward and simple to create junk mail for advertising a business. We supply high-quality full color digital and offset printing. In addition to print, we provide a big selection of product enhancements that will assist you stand out.

Realmedia reserves the proper to cancel, remove and/or update our value match guarantee at any time without discover. Real estate is a very aggressive market, therefore effective marketing collateral is essential to stand out from rivals just sold postcards. Invest in one thing that can depart an impression to your shoppers. Try as much as potential to be unique and unique in such a means your goal market can connect with you on a more personal degree.

Bag indicators are the best solution for promoting your business, on the market, for rent, or an occasion. We know selling your home is a journey, and the more knowledgeable you would possibly be about what to do and count on alongside the just sold real estate postcard way, the more profitable your home sale might be. Customer satisfaction surveys by his shoppers, and I advocate his providers highly. Working with Steven made our purchasing and promoting experiences as stress free as attainable.

[ase-trollplays]

Hey Hyleem!!! Your biggest fan here again <3 I gotta couple questions for you. 1. Have you like- Ever co-streamed with someone who you thought was fucking awesome, but they turned out to be an absolute shitlord? 2. I'm curious as to like- What your day to day life is like. Is it just all streaming? Or do you have other hobbies? 3. If Yarrow were to ever... Oh I don't know... Get hurt horribly or possibly die, how would you react?

0|||0 Yo, what's up? Nic= to h=ar from you! I was starting to think you forgot about m=. 0|||0

0|||0 L=t's s==... Back in my =arly nights of str=aming, my first collab was with a troll I won't m=ntion by nam= b=caus= I don't want to dir=ct any publicity toward h=r. Sh= had a h=ll of a following, and I was fucking pump=d that sh= said y=s wh=n I ask=d to do a str=am tog=th=r. 0|||0

0|||0 Things w=nt p=ar-shap=d fast. Turns out sh='s an =gotistical control fr=ak. B=for= th= str=am, sh= thr=at=n=d to dox m= and hav= my hiv= brok=n into if I upstag=d. I was just th=r= to los= and tol=rat= b=ing shit talk=d and insult=d all while talking h=r up. 0|||0

0|||0 I wouldn't put up with that shit now, but back th=n I was too intimidat=d and dying for =xposur=. N==dl=ss to say, w= n=v=r collab=d again. 0|||0

0|||0 My night to night lif= isn't anything sp=cial. I sp=nd most of my tim= str=aming, r=cording, or =diting, but I do hav= a lif= outsid= of my job. I lik= to tink=r with =l=ctronics and mak= littl= toys. I also sp=nd tim= with my lusus and Yarrow wh=n sh='s h=r=. 0|||0

0|||0 I go out on my nights off and hang out with my fri=nds. I'm nt th= most =xciting guy. 0|||0

0|||0 And that's a pr=tty fuck=d up qu=stion, don't you think? That's a sup=r p=rsonal and rud= thing to ask som=body. Obviously, I'd b= r=ally ups=t. Who wouldn't b=? I don't know what you =xp=ct=d m= to say. 0|||0

[commj]

Chiesel Bud

[esthcim]

@brandedsavior​ sennt:  Coprolalia bc what is shame? Sinday:

Coprolalia: I’ll write my/your character talking dirty to the other

Exposure therapy, Hope called it. With how repressed they both were at the intimate parts of a relationship - No, that wasn’t right. Intimately they were fine. They were slow and sensual and open with one another.

“You are so damn wet right now.”

And then when it became clear from some blasted Oerbans that they were missing out on a whole other side of things - a raw, explicit, fun side, he and Light were stuck. Neither of them really knew how to tackle that kind of approach. And they were both too damn stubborn to just leave it there.

“But I’ll tell you something - you taste divine.”

So it became clear one of them was going to have to take charge. And because Hope was fairly sure an assertive Light would bring him to a sticky, messy end in no time, that left him taking the lead for a change. And he had to admit - there was definitely a rush of excitement at hovering above her, watching a steady blush pouring down her pale features, across her chest and leaving her breathing heavily. 

All of it led to the here-and-now as he gazed at her, never breaking eye contact as he brought his wet fingers up and popped them into his mouth. An exaggerated moan hummed in his throat. Hope still wasn’t very flexible when it came to raw dirty talk. It would take more than he had to start using words like “cock” and “pussy,” or anything close to the language used in the few videos he had seen. (And he could imagine if he did start to talk like that, Light wouldn’t just shake and climax for finding it sexy.)

“I could just eat you up,” he said, his hand dropping down towards her foot. He was sure he felt her leg tremble a little as he wrapped his wet hand around ankle and guided her legs further apart. Slowly, seductively (as much as he could - Hope was certain he wasn’t seductive) he sank to the floor at the foot of the bed, gazing up at her. “Would you like me to?” he asked, wondering if his own heart was in any danger of stuttering.

“Want me to eat your hot, wet pussy...?” 

Well. Maybe he did have it in him after all. 

[babyawacs]

@rothmus there are some cool things how modern miltech canfind residue e xposures to chemical agents but the germans shuffled allkinds of tricks  from irradiated nano finedust to 3000rem beta into heart and naziradar and what not it varies what trick itis then or allofit onpredamaged opcw are heros

@rothmus there are some cool things how modern miltech canfind residue e xposures to chemical agents but the germans shuffled allkinds of tricks  from irradiated nano finedust to 3000rem beta into heart and naziradar and what not it varies what trick itis then or allofit onpredamaged opcw are heros

@rothmus there are some cool things how modern miltech canfind residue exposures to chemical agents but the germans shuffled allkinds of tricks from irradiated nano finedust to 3000rem beta into heart and naziradar and whatnot it varies what trick itis then or allofit onpredamaged opcw are heros //// itis nano finedusts why germans kill hideously with it it clogs veinwall bloodsupply of finest…

[registrylong]

The flamingo grill case study

Similarly, for online ads, the preceding data are reliable up to a maximum of 20 the exposure rating declines to 5 and the potential number of new customers reached declines to 800 for additional ads. Beyond 15 ads, the exposure rating declines to 20 and the number of new customers reached declines to 1200 per ad. For radio ads, the preceding data are reliable up to a maximum of 15 ads. For plan- ning purposes, HJ recommended reducing the exposure rating to 55 and the estimate of the potential new customers reached to 1500 for any television ads beyond 10. After 10 ads, the benefit is expected to decline. For television HJ stated that the exposure rating of 90 and the 4000 new customers reached per ad were reliable for the fist 10 television ads. As expected, the more expensive television advertisement has the highest exposure effectiveness rating along with the greatest potential for reaching new customers At this point, the HJ consultants pointed out that the data concerning exposure and reach were only applicable to the first few ads in each medium. It is a function of such things as image, message recal, visual and audio appeal, and so on. In a meeting with Flamingo's management team, HJ consultants provided the following information about the industry exposure effectiveness rating per ad, their estimate of the number of potential new customers reached per ad, and the cost for each ad New Customers Cost xposure Advertising Media Rating per Ad per Ad per Ad Television 90 4,000 2,000 $10,000 $ 3.000 $ 1,000 Radio 25 Online 10 1,000 The exposure rating is viewed as a measure of the value of the ad to both existing customers and potential new customers. The management team requested HJ's recom- mendation concerning how the advertising budget should be distributed across television radio, and online advertisements. To help plan an advertising campaign for the coming season, Flamingo's management team hired the advertising firm of Haskell & Johnson (HJ). Case Problem1 PLANNING AN ADVERTISING CAMPAIGN The Flamingo Grl is an upscale restaurant located in St.

[denebola42-blog]

I bought this because one, it's true, and two, it's funny af, and three, it shows local religious asses are full of it to make a big deal about me but that's a main thing and advertisements for strip clubs in the outskirts before you arrive in Utah for Southern Xposure etc and there's escort ads in the phone book and web. We need martial law. Supposedly there's two big organized crime groups in salt lake city but who's running the show? Either the military and government or the organized crime and last i checked i didn't go to a mafia school in the public education system. Lol though Mormonism has been compared to the mafia and i can vouch for it. Though it's more like a white mafia but not always bad, just kinda weird and depressed and depraved in subtle ways. Or overtly but they're also warriors and POWs at the same time. It's a mix and they did baptize both Ted Bundy and a rapie Black Panther that bragged and wrote a book that he enjoyed raping white women in warring against white people. Dude was nuts. Lol 🤣😆 you'd think the holy ghost would warn them like about the tans us Latinos and natives have. Lol #beaverutah #ilovebeaver #funnybeanies #humor #funnyboner #laughteristhebestmedicine #scienceoverreligioneverytime #americanphotographer #californiatransplant #californiaphotographer #mexicanphotographer #utahphotographer #utah #travelphotography #travelmatters #googlepixel4a5g #pixel4a5gphotography #pixel4a5g #teampixel #smartphonephotography #googlefi #googlefan (at Beaver, Utah) https://www.instagram.com/p/CIElT8vBF2u/?igshid=6ampemds0ovy

[xposure-and-things]

[rightsideofhistory1946]

Chris Gillam, has a 16 year-old son and he describes the discussion a parent must have, when raising a black son, as “protocol.”  According to Gillam, every time his son goes out of the house, he has certain “protocol” reminders.  “Do you have your license?”  “Do not reach for you license.”  “Keep your hands on the steering wheel at ALL times.”  “Do not give the officer any reason.”   You continually train your son to act and talk a certain way, when interacting with law enforcement.  And it’s your hope that when they do have a police encounter that their training will kick in, as second nature.  

“I don’t know if that’s how white parents talk to their children about being pulled over.  But, that is how you have to coach and train your children, as a black parent”, said Gillam.  It’s ever-present in the black community and “if black parents are not having these conversations, shame on them.”  He said, “you have to be as non-threatening as you possibly can, in that environment and as compliant, as possible.”  When asked, if this was something you must be cognizant of on a daily basis, as a black man.  Gillam responded, “if you wanna live.”  

Gillam, grew up in Woodlawn, part of the Zone 15 community and has quite the resume.  He is the Owner of The Grind Shop:  Sports Performance Training; the Defensive Coordinator, College Recruiting Coordinator, and Director of Strength and Conditioning at Princeton High School; the Co-Founder of Redeemed Xposure; and Co-Owner of a flag football league.  But, Gillam is much more than his accolades; he is a mentor, an educator, an advocate, a mediator, a motivator, a helper, and someone who leads by example.

He takes pride in being from “Zone 15” and the Woodlawn community.  He has witnessed the economic decline of Lincoln Heights and Woodlawn, over the years; development and growth have been an issue for a long time in these areas.  According to Gillam, this is not just isolated to Zone 15, many predominately black neighborhoods, have experienced shrinking economies and a reduction in affordable housing, due to systemic racism.”  

The disparage between the predominately white community of Wyoming and Zone 15 is a prime example.  Wyoming borders, Lockland and the two communities are separated by railroad tracks.  Gillam, describes crossing the tracks from Wyoming to Lockland, as “heaven and hell.”  “You have thriving businesses on the Wyoming side and on the Lockland side there are dilapidated buildings.  The sad thing is, you see it so much, you become de-sensitized to it.”  Gillam is hopeful that the Zone 15 community can regrow and prosper, as it once did.

Miami, FL, 2017, and Gillam is seated at the table with 50 other gym owners from around the world, in an open forum with CrossFit Champion and owner of NCFIT, Jason Khalipa.  Gillam recalls, Khalipa asking the room full of gym owners, who has “CrossFit” in their gym name.  Most everyone raised their hand, except for Gillam.  Khalipa’s gyms were formerly called NorCal CrossFit and he illustrated the importance of not limiting your gym to the CrossFit brand.  He encouraged the gym owners to remove CrossFit from their names, citing that any negativity geared toward the brand could have an adversarial affect to their personal gyms.

Fast forward to 2020, amidst the murder of George Floyd, the CEO of CrossFit, Greg Glassman, refuses to put out a statement on CrossFit’s behalf in support of the Black Lives Matter movement.  Glassman, tweets a racially negative remark and the unraveling of the CrossFit brand begins.  As a result, thousands of gyms de-affiliated with the CrossFit brand.  Khalipa’s advice, reverberates in Gillam’s mind.  Gillam arose out of this controversy as a sounding board, advocate, listener, and confidant to other local gym owners.  Gillam says, “I was happy and honored to help others understand the gravity of the situation.  I accepted and welcomed the call.”

Glassman’s comments reflect the whiteness of the CrossFit brand.  Gillam’s gym, The Grind Shop, is quite diverse and that’s one thing he loves about it.  That diversity contributed towards progressive conversations between Gillman and his members.  He said that, after the killing of George Floyd, he had members come to him and ask for his help.  People wanted to be educated and obtain an understanding on the current racial injustice climate.  Gilllam says, “so many people are not racist, they just don’t understand.  They are clueless to the conversations that I have to have with my black son.  They are clueless to the number of people that have been victims to social injustices.  They just don’t know.”  Gillam believes, we have to be willing to aid in everyone’s growth and keep the conversations going about the plight of the black community.

The question was raised, if there was allowable ignorance in this current climate and Gillam gave the golden response.  “Prior to George Floyd’s passing and the unrest that it has generated in our country, you are no longer allowed to be ignorant to racism and social injustice.  People and sports leagues were given a pass.  The NFL didn’t understand why Kap took a knee.  They didn’t see the seriousness of this issue in our society.  But now, they get it.  Now it’s the responsibility of the human race to get involved, to know what is going on in the black community and aid in the progress, toward ending racism.

Follow The Grind Shop on Facebook, Instagram and Coach Gill on Twitter.

Photo credit:  1takebake

[goblin-gardens]

Tbh due to my personal xposure to bdsm, canon Bull threw up a lot of yellow flags and one or two red flags when it came to sex. So I used to not really like him? But I'm really enjoying how you're interpreting him. It's making me revaluate him in a good way.

thank you!!!

i totally get what you mean about his writing, i don’t feel like the bdsm angle was handled very well by the game writers. it feels like a bdsm relationship written by someone without firsthand experience– the use of the safeword to end the relationship, for example. that’s not really…….. how safewords work, in my experience. the whole point is that you can use them to take a step back and change the moment without changing the nature of the relationship. if someone ended a romantic relationship with me by using a safeword that was previously only for sexual situations, i’d want to have a real conversation about what was going on, and not just walk away like the game does. i feel like his dialogue and romance arc in general could have benefited from more research and perhaps a consulting writer who’s active in a bdsm community.

ANYWAYi’m really touched by this ask, nonny! Bull has become something of a comfort character for me. i really love (my interpretation of) him, and i’m overjoyed that you like him too! i think there’s a lot of really good things that can be done with him as a character, and even though i’m disappointed that the game didn’t really explore all of those things, that just leaves more space for the rest of us!

thanks for reading, and i’m so glad you’re enjoying my fics 💖 💖💖 💖

[suzannebyrne]

Celebrities Love the Luxury Yacht Life

Not only is the yacht life a great way to avoid paparazzi (with some exceptions — those lenses are long!), but it’s a life of luxury. Those are two of the reasons why celebs are hitting the open sea aboard super yachts. Check out their nautical moments…

Kourtney Kardashian and Kendall Jenner

“Romy and Michele Takes Cannes,” is how Kourtney Kardashian captioned this shot with her bikini-twinning little sis, Kendall Jenner. The women didn’t attend the Cannes Film Festival in May for the movies. Oh, no. It was to look great lounging around in the French Riviera. Ah — to be a Kardashian. (Photo: Kourtney Kardashian via Instagram)

Source: Yahoo Celebrity

Irina Shayk, Bradley Cooper, Anderson Cooper, Allison Williams, and more

Bradley Cooper isn’t into social media, but he sure is the king of viral group photos. The actor and his ladylove, Irina Shayk, took a break from tending to their new baby for a pic documenting a star-studded yacht trip to Tahiti along with Andy Cohen, Anderson Cooper, Benjamin Maisani, Ricky Van Veen, Allison Williams, and Diane von Furstenberg, who posted this photo. Not a bad way to kick off Summer 2017. (Photo: Diane von Furstenberg via Instagram)

Source: Yahoo Celebrity

Katy Perry

Katy Perry doesn’t need a guy to paddleboard her around. (That’s so 2016.) The “Swish Swish” singer, pictured on July 11, chartered herself a super yacht, where she’s been hanging with friends off the Amalfi Coast in Positano, Italy. Not bad. (Photo: ToscanaPhotos/BACKGRID)

Source: Yahoo Celebrity

Kate Hudson

The Almost Famous actress channeled her inner Penny Lane while out at sea in July 2016, twirling in her boho frock — while barefoot and clutching a drink — on the deck of the boat. The caption was a quote from Clarissa Pinkola Estés’s Women Who Run With The Wolves, including, “No matter how many times she is pushed down, she bounds up again.” (Photo: Kate Hudson via Instagram)

Source: Yahoo Celebrity

Bella Hadid

The KarJenner sisters weren’t the only ones frolicking on luxury vessels in Cannes. Model Bella Hadid, in an undies-like bikini ensemble, joined the club in May. (Photo: BACKGRID)

Source: Yahoo Celebrity

Heidi Klum and Vito Schnabel

Kissing scandals aside, Heidi Klum and Vito Schnabel are typically a happy, cuddly pair and it was evident as they kicked back in the Gulf of Cannes during the film festival there in May 2016. (Photo: AKM-GSI)

Source: Yahoo Celebrity

Justin Bieber and Jaxon Bieber

The Biebs had the cutest first mate around — his brother Jaxon — for some yachting adventures in July 2016. Scary fact: That kid is going to grow up thinking traveling on a fancy yacht is normal. (Photo: Justin Bieber via Instagram)

Source: Yahoo Celebrity

Leonardo DiCaprio

David Geffen has a little dingy (only 453 feet!) called Rising Sun, which is a celebrity playground throughout the summer. The music producer posted this photo of the Academy Award-winning actor aboard the “RS” — that view! — last year. FYI: It’s just one of many yachts ol’ Leo has partied on during his life. (Photo: David Geffen via Instagram)

Source: Yahoo Celebrity

Lewis Hamilton

The British Formula One racer, who is loved by Justin Bieber and Kardashians aplenty, took a break from the track to kick back out at sea. “Good morning from St. Tropez,” he captioned the sizzling shirtless shot, which showed off some of his tats. Adding, “Grateful.” We bet. (Photo: Lewis Hamilton via Instagram)

Source: Yahoo Celebrity

Mariah Carey

We imagine Mariah Carey, pictured here in July 2016, is avoiding yachts this summer. Last summer, she was boat crazy because her then-fiancé James Packer owns one of the biggest ones, the Arctic P, on the planet, and she was his first mate — and even chartered her own. We suspect that this year she’ll be doing more fabulous things on land. (Photo: Mariah Carey via Instagram)

Source: Yahoo Celebrity

Mark Wahlberg

Mark Wahlberg loved visiting Barbados by boat. The actor, his wife Rhea Durham, pictured on December 28, and their four children spent their holiday on a mega yacht. Santa was good to them last year. (Photo: Xposure/AKM-GSI)

Source: Yahoo Celebrity

Oprah and friends

#SquadGoals is overused, but come… on… now. Oprah and Gayle King were aboard Geffen’s floating palace along with Paul McCartney, Nancy Shevell, Bruce Springsteen, Patti Scialfa, and others. (Photo: David Geffen via Instagram)

Source: Yahoo Celebrity

Ruby Rose

While vacationing in Ibiza, the Orange Is the New Black actress channeled her inner Ursula Andress and Halle Berry. “I’d like to be the next Bond girl please,” she wrote in August 2016. “I’ve been practicing all week haha.” (Photo: Ruby Rose via Instagram)

Source: Yahoo Celebrity

Sylvester Stallone

Looking in fighting shape, cigar in hand, and lounging in the sun, the action star made turning 70, in July 2016, look like a breeze. Of course, a pampered vacation helps. Sly, his wife, and their three daughters hung out aboard the Enchanted in Saint-Tropez. He knows how to do it right. (Photo: AKM-GSI)

Source: Yahoo Celebrity

[vitiligoandtreatment-blog]

Financial SEER: A Way To Quantify Risk Tolerance And Determine Appropriate Equity Exposure

This post is for someone who is wondering:

Whether they have the proper asset allocation

How to reduce investment stress while still benefitting from returns

How to quantify their risk tolerance

How to continue moving forward on their path to financial freedom despite all the uncertainty

One of my primary goals on Financial Samurai is to help readers build meaningful wealth in a risk-appropriate manner. Because I started my career soon after the 1997 Asian Financial Crisis, I've experienced a lot of carnage as many international college students in the US had to drop out due to a sudden and massive devaluation of their respective home country's currencies. I fully appreciate how hazardous the road to building great wealth can be.

Even the best-made plans can be laid to waste due to some unforeseen exogenous variable. We always hope for good surprises along the way. Unfortunately, life always has a way of kicking us in the face after knocking us in the teeth. Let's always be thankful for what we have and demonstrate kindness to those who are experiencing difficult times.

Most investors overestimate their risk tolerance, especially investors who've only been investing with significant capital since 2009. Once the losses start piling up, it's not only the melancholy of losing money that starts getting to you, it's the growing fear that your job might also be at risk.

You might also erroneously think that the richer you get, the higher your risk tolerance. After all, the more money you have, the bigger your buffer. This is a fallacy because the more money you have, the larger your potential loss. For most rational people, their lifestyles don't inflate commensurately with their wealth. This is why even rich people can't resist a free rubber chicken lunch.

Further, there will come a time when your investment returns have a larger impact on your net worth than your earnings. As a result, the richer you are, the more dismayed you will be to lose money. Your main hope for recovery is a rebound in investment performance because your work earnings won't contribute much at all.

How Most Of Us Rescue Our Investments

The reason we all continue to fight in this difficult world is because we have hope. But eventually, our hope fades because our brains and bodies slow down. When we're younger, we often think ourselves to be invincible. Then, eventually, we start experiencing the realities of aging.

It is due to our fading abilities that we must bring down our risk exposure as we age. It is only the rare bird that goes all-in after making enough money to last a lifetime to try and make so much more. Sometimes they turn into billionaires like Elon Musk. But most of the time they end up going broke and filled with regret.

The only way most of us can rescue our investments after a market swoon is through contributions from earned income i.e. our salaries. We tell ourselves that when the markets are down, that's alright because we'll simply invest more at lower prices.

However, lower prices don't necessarily mean better value if estimates are cut, but all other things being equal, we like to trick ourselves into believing we're getting a better deal all the same.

To understand reward, we must first understand risk. Since 1929, the median bear market price decline is 33.51%, while the average bear market price decline is 35.43% since 1929.

Therefore, it's reasonable to assume that the next bear market could also bring equity valuations down by 35% over an 8 – 10 month period.

Let me share a quantifiable way to measure how much equity exposure you should have based on your risk tolerance.

I'm calling it the Financial Samurai Equity Exposure Rule or Financial SEER. It's an appropriate acronym because seer means a person who is supposed to be able, through supernatural insight, to see what the future holds.

How To Quantify Your Risk Tolerance

Most people just regularly invest in stocks over time through dollar cost averaging. They have little concept of whether the amount of stocks they have as part of their portfolio or their net worth is risk appropriate.

Hence, to quantify your risk tolerance based on your existing portfolio, use the following formula:

(Public Equity Exposure X 35%) / Monthly Gross Income.

For example, let's say you have $500,000 in equities and make $10,000 a month. To quantify your risk tolerance, the formula is: $500,000 X 35% = $175,000 / $10,000 = 17.5.

This formula tells you that you will need to work an 17.5 ADDITIONAL months of your life to earn a GROSS income equal to how much you lost in a -35% bear market. After taxes, you're really only making around $8,000 a month, so you will actually have to work closer to 22 more months and contribute 100% of your after-tax income to be whole.

But it gets worse. Given you need to pay for basic living expenses, you need to work even longer than 22 months. Good thing stocks tend to rebound after an average bear market duration of 10 months, if you can hold on.

Given everybody has a different tax rate, I've simplified the formula using a gross monthly income figure instead of a net monthly income figure. Feel free to adjust the Risk Tolerance Multiple based on your personal income tax situation.

Quantifying risk tolerance by calculating working months is the best way to go because time is money. The more you value your time, the more you hate your job, and the less you desire to work, the lower your risk tolerance.

The classic scenario is a 68-year-old retiree with a $1,000,000 portfolio living off $20,000 a year in Social Security and $20,000 in dividend income from his portfolio.

If his portfolio loses 30% of its value because it is way overweight equities, it is almost impossible to recover the lost $300,000 on his $20,000 a year fixed income. His dividend income may likely be cut as well as companies hold onto their cash for survival. The only thing this retiree can do is pray the market eventually goes up while cutting spending.

How To Determine Appropriate Equity Exposure

After you have quantified your risk tolerance by assigning a Risk Tolerance Multiple = the number of months you need to work to make up for your potential bear market loss, take a look at this guide below.

My guide will not only give you an idea of what your Risk Tolerance Multiple is, but it will also give you an idea of what your maximum equity exposure should be based on your risk tolerance. Solutions!

My advice to all investors is to not risk more than 18 months worth of gross salary on your equity investments using an assumed 35% average bear market decline in your public investment portfolio.

In other words, if you make $10,000 a month, the most you should risk is a $180,000 loss on a $514,285 pure equity portfolio.

The Max Equity Exposure formula =  (Your Monthly Salary X 18) / 35%.

You can certainly have a larger overall public investment portfolio than $514,285 in this example, but I wouldn't risk much more than $514,285 in equities only if you have only a $10,000 a month gross salary.

You can have $514,285 max in equities plus $250,000 in AAA-rated municipal bonds if you wish, for a reasonable 67%/33% equities fixed income split. Your total portfolio size would therefore be $764,285.

Adjust The Assumptions As You See Fit

If you think the next bear market will only decline by 25%, feel free to use 25% in the Max Equity Exposure formula. In the above example, the result would be ($10,000 X 18) / 25% = $720,000 of maximum equity exposure for someone making $120,000 a year.

If you just got promoted and plan to see 20% YoY earnings growth for the next five years, you could use your current monthly salary and a higher Risk Tolerance Multiple to determine your equity exposure. For example, let's say you currently make $10,000 a month, but expect to make $20,000 a month in five years, You also think stocks will go down by 25% at most. The calculation would therefore be: ($10,000 X 36) / 25% = $1,440,000 as your target or maximum equity exposure.

If you decide to live like a hermit in a low cost town in the middle of nowhere, you could increase your Risk Tolerance Multiple to 36. But you've got to question your money priorities for trying to make a bigger return only to never spend your rewards.

Remember, whatever your Risk Tolerance Multiple is, you will have to increase it by 1.2 – 3X to truly calculate how many more years you will need to work to recover from your bear market losses due to taxes and general living expenses.

It is a judgment call regarding how much equity risk you should take. If you've quadrupled your net worth after a 9-year bull market, it's probably wise to lower your risk exposure multiple. Conversely, after a 30%+ correction in equities, it's probably wise to increase your risk exposure multiple.

The closer you get to retirement, the lower your multiple should be as well. Nobody wants to get close to the financially free finish line only to break a leg and get carted off in an ambulance.

Be A Rational Investor With Financial SEER

The valuation of everything is dependent on current and future earnings. It takes time and energy to create those earnings from your job or your business. If you are seriously burning out, please dial down risk and give yourself some time to heal.

For the average person in a normal economic cycle, a gross Risk Tolerance Multiple of 18 is my recommendation. Most people have the fortitude to waste up to around 2-3 years of their lives to gain back what they've lost from a bear market. But after three years of digging out of a hole, things start to feel hopeless as the average person starts giving up.

Remember, things could always be worse! Not only could your stock investments lose more than 35%, you could lose all your home equity due to leverage, your business, your job, and your spouse as well. Please invest rationally and responsibly.

I hope the Financial Samurai Equity Exposure Rule (SEER) helps you take the subjective term of risk tolerance and shapes it into something quantifiable. You now have a concrete way of determining your equity exposure and risk tolerance.

Financial SEER formulas:

Risk Tolerance = (Public Equity Exposure X Expected Percentage Decline) / Monthly Gross Income

Maximum Equity Exposure = (Your Monthly Salary X Risk Tolerance Multiple) / Expected Percentage Decline

Recommendation: Manage your finances in one place with Personal Capital, the best free financial tool on the web. It's important to stay on top of your net worth, understand your risk exposure, and make sure your retirement plans are on track. Get your finances right the first time. There's no rewind button in life.

https://www.financialsamurai.com/wp-content/uploads/2019/01/Financial-SEER.m4a

The post Financial SEER: A Way To Quantify Risk Tolerance And Determine Appropriate Equity Exposure appeared first on Financial Samurai.

[babyawacs]

 .@law @law @laws @harvard_law @lawyercom @ap @reuters @bbc_whys @snowd en @haaretzcom  they are  g e r m a ns they aeh germancure aeh nervous guts from crapping ocne a day or twice aday after subdue to t r y i n g t o fourtimes a day woopsie if mysteriously the organs die and they gladly kill support for it to resubdue  as poi songas every chow irradiate and xraybeam and terror cockroachdrug spoil fi lters it is g e r m a n y its  devious bbbbbbbbbbbbbbastardmonsters squared cubed with victimb lame and no why was something you  got it d e e d typed //// th e germans usually poisongased arbitraritly that shifted to pathogengasi ng inthe chamber does noone wonder evenabout the co2 specialmix killtri cks inteh values in  air vent throughput thatthey isntalled the gas valves intothe freshair channel above window plants  because itis  fres h throughput  a n d a bubble of ionised air this year with minimal e xposure outside to people  but rigorous washing after grocerystore and out side including pullover change phone cleaning they got pathogen loads and co2 values and nox values and interoxide exchange murdertricks and ars enide values and such of which use the chance notarstamp it pu blish it it is not just deedtyped itis f a c t u a l i t y deedtyped and as typical intel murder tricks hedged stigmas typical damages on counterfactual basis instead see if temperature (!)because its airflus h through can be nutted on what them gas allalong whcih allknow allalo ng asits daycharged allalong phone replace 1948 during mail is //// #teeth #example checkalso iftgermans were again onthe teeth the lowlef t outest one doesnt addup again its likely facebone teethbonemess ona fo rmerfix they always dothese things andimstuck withthe day damamge the 12tooth isthesame itwas fixed then faceboneteethbonemess february or ap ril redmamged it  then it infected on rootcanal toothbase  the facebone teethbonemesses were from experiment surgeries 2004 with cheap klammern s on but isntead fixed once remessed re remessed and re re remessed itis healthinsurance charged  sothe teethdamamges the a b s c e n c e of oth er problems on teethflesh for tenyears the ring around which teeth were d amaged by their very own assessment their own assessment each front top teeth namely a big ring aroudn it a f t e r this they suddenly dr illed the outerlow ones too whihc were n o t highlighted as damamged in their very own assessment allofthe mess is a big big big fuckup  of day damages based on r e a l d e a l harm forinstance verfassungsschutz installs a tooth inthe basis of leftlow in rubbertitts which occasionally injured the toothflesh then overtaped it the teeth scans are an (!)all einstellungsmerkmal they identify people by teeth scans and implant scans a nd such  notjust chips the mmwaves are looooong time around inthe real deal the radio spectroscopy knew allalong their own mix as what i broug ht the cops a n d threw intothe mailbox to opcw and embassies //// c hildfoolmess 311  slapemdown squeeze em destroy gasvalves itisnot bigd eal germans shuffle stigmas because itis intel itis whichtrickworksrightn ow decoys that their government+criminal timecontrolsystem is daytimecha rged quells fortune access selfhelp shuffles murder tricks and pedo orgie s tomake guilty if pathologisationsticks its batshitnuts or cook forehead momfool if pervert itspedoorgies if hooker oftheland its hookersmear an dabuse if hatenut hitler terror threat its that if teenieweeenie turnba ckclock trick its taht because itis intel daytimecharged germangovt+ti mecontrolsystem itis which trick works thistime find foot aim catapulte r usually suffocatekilltrickssssuffocate cockroach ondamamgedheart 230 sq ueeze cautionwithsupport chekcifits gaser above only pieceof crap its like cockroaches damage moelst rape and see ifthey can reinterpet sth that youre guilty for t h e i r crimes this is mildsafe while youfight not to die on a hearttrick oftheirs repeated cockroaches ihate em //// bra inwave scissor nanooilantenna ornot readsout every thought realtime. @doc @doctors @redcross @who @harvard why can fools get away with trick fram ing priming fear fears uncontrolledfears p a n i c while the type is bomb out suffocator gaser jailassmolester in a n g e r  victimisation how is it not  o b v i o u s the criminal german govt with its timecontrol accomplices shuffled harms shuffl ed proxies quelled selfhelp got daytimecharged forthe monstrosities they commit realtime and there on shuffled a n y e v e r ysingle dirty trick th ey had to quell it as immunisation which isnt even new the first thi ng snowden expected was docification the gundeal  bureacrat got intothei r realdeal- got docified - rehabilitated in daytime govt tv  a miracle o n fresh leadership freshbroom miracle  maybe vonderleyen  but its not ne w? ******* how do the germans get away with  misusing docifica tion for control and quell of their sins their german monstrosities th ey a r e daytime charged they quelledit and corner it to nutting while e fforting h e a r t  k i l l and xraybeam and arbitrariy hideousmix trick n ot one unspoiled meal ******* catapult terror is just as spam as int el roofhole gasing deed typed andthefix: to either batshit nutsnesss: pedo orgies pedo sexual assault with minors dozens a day sometimes after daytimecharging it uptothis januar eu humanrights 3781/20  since 2800/10 6ar50/19local in d-74821 //// good doctors dont try to h avebeenright nomatter what the facts are and sure not if setup by a crimi nal system and damnsure not when everything thats happening is f a r f ar f a r m o r e relev ant than any cherrypicked template shitball throw bum lidokain atit or find the cockroach that intel roofhole gases and murder beam radartricks into heart and shutsdown digestive system+stomach and catapults intero xide exchange cellsuffocators into heart wait its deedtyped? and th e typing of it is the nutting? just thatthe heart dies from 69HDL 91LDL an d 91mgdl longtermsugar? I am Christian KISS BabyAWACS – Raw Independe nt Sophistication #THINKTANK + #INTEL #HELLHOLE #BLOG https://www.BabyAWACS .com/ Inquiry@BabyAWACS.com PHONE / FAX +493212 611 34 64 Helpful? Pay. S upport. Donnate. paypal.me/ChristianKiss ///// example: fortune: canth ey buy a magflight?  @ap @reuters @bbc_whys @snowden @haaretzcom  exam ple  #gundeal discredited madeit into daysheeple govt tv. nothing is new about the trick /// framing here: wasit a mistake?nota mistake? : thege rmans?misuse?their doc system? as? control entity. its obvious and norway didnt lookatit before.   /// as charged "immunisation is averted+nut tr icks asif no compensation is necessary ofwhatthey overtape allalong" @ap @r euters @bbc_whys @snowden @haaretzcom thebasisis intelhell +covered aswha t. whiletheir basis nutit doesnot undo compensate neutered mengeletricks  //// repalced phone 1951 +ealrmypahtic then ehadimapct +ealrmypahtica ime 1954 /// dddddddddddddddrrowsyign headimapct bycockroach 1950  t hen ear whzatisit they donthave to justify each catapult and chamber g asing isitntit its howtoterrorise a pet in a cage  w a y toooften then sneakintoit and pornit and thats the germanfix because they are germa n they deserve the inventions too itis hightreason togermany ifthey dont //// whatis the pro-word for idddiots that damageyou suffocate you to fi nd what a damaged transvestitefool you are soit saves em money #sudokus .@ law @law @laws @harvard_law @ap @reuters @bbc_whys @snowden @haaretzcom lawyers hedge abit that every crime the germans did,occured while they t ried to hedge every wet fart on hemmorides as severe mental illness allalo ng these tricks decoy who is charged daytime for what whilethey do what allalong while what is charged daytime decoyed with what allal ong //// is?nutting? intel hell a crime? and if staying damages h appen? staying damages they overtape and know? staying damamges they ov ertape and know c h a r g e d d a y t i m e? adds damages d u r i n g n utting rapes and adds pedo sexual assaults during nutting  for charging it daytime andifits based on averted formality immunisation caused as botch?  but immunised the rapers?  from angle to angle it gets german german german and really german itsjust the part of it what youwanna pokein?  poisons ?  brought to clowncops inte firstplace whilethey shu ffle more harms? yomama from a criminally insane family while they dothe same with her? oh whoopsie it died barely averting the worst regularly? prostitute of the land and the worstpaid ever we set it up and breach ba rricades and set himup to after prep and reinstall barricades because wer e german nice? what aspects of this mess doyouwan to pokein? he s howers and feeds the cat but its not...  .. .. aeh .. . .. aaadunno cant we .. ssssssex! pedo! sex!  because he is aeh a  t r a n s v e s t i t e  and I am Christia n KISS BabyAWACS – Raw Independent Sophistication #THINKTANK + #INTEL #HEL LHOLE #BLOG https://www.BabyAWACS.com/ Inquiry@BabyAWACS.com PHONE / FAX +493212 611 34 64 Helpful? Pay. Support. Donnate. paypal.me/ChristianKiss

 .@law @law @laws @harvard_law @lawyercom @ap @reuters @bbc_whys @snowd en @haaretzcom  they are  g e r m a ns they aeh germancure aeh nervous guts from crapping ocne a day or twice aday after subdue to t r y i n g t o fourtimes a day woopsie if mysteriously the organs die and they gladly kill support for it to resubdue  as poi songas every chow irradiate and xraybeam and terror cockroachdrug spoil fi lters it is g e r m a n y its  devious bbbbbbbbbbbbbbastardmonsters squared cubed with victimb lame and no why was something you  got it d e e d typed //// th e germans usually poisongased arbitraritly that shifted to pathogengasi ng inthe chamber does noone wonder evenabout the co2 specialmix killtri cks inteh values in  air vent throughput thatthey isntalled the gas valves intothe freshair channel above window plants  because itis  fres h throughput  a n d a bubble of ionised air this year with minimal e xposure outside to people  but rigorous washing after grocerystore and out side including pullover change phone cleaning they got pathogen loads and co2 values and nox values and interoxide exchange murdertricks and ars enide values and such of which use the chance notarstamp it pu blish it it is not just deedtyped itis f a c t u a l i t y deedtyped and as typical intel murder tricks hedged stigmas typical damages on counterfactual basis instead see if temperature (!)because its airflus h through can be nutted on what them gas allalong whcih allknow allalo ng asits daycharged allalong phone replace 1948 during mail is //// #teeth #example checkalso iftgermans were again onthe teeth the lowlef t outest one doesnt addup again its likely facebone teethbonemess ona fo rmerfix they always dothese things andimstuck withthe day damamge the 12tooth isthesame itwas fixed then faceboneteethbonemess february or ap ril redmamged it  then it infected on rootcanal toothbase  the facebone teethbonemesses were from experiment surgeries 2004 with cheap klammern s on but isntead fixed once remessed re remessed and re re remessed itis healthinsurance charged  sothe teethdamamges the a b s c e n c e of oth er problems on teethflesh for tenyears the ring around which teeth were d amaged by their very own assessment their own assessment each front top teeth namely a big ring aroudn it a f t e r this they suddenly dr illed the outerlow ones too whihc were n o t highlighted as damamged in their very own assessment allofthe mess is a big big big fuckup  of day damages based on r e a l d e a l harm forinstance verfassungsschutz installs a tooth inthe basis of leftlow in rubbertitts which occasionally injured the toothflesh then overtaped it the teeth scans are an (!)all einstellungsmerkmal they identify people by teeth scans and implant scans a nd such  notjust chips the mmwaves are looooong time around inthe real deal the radio spectroscopy knew allalong their own mix as what i broug ht the cops a n d threw intothe mailbox to opcw and embassies //// c hildfoolmess 311  slapemdown squeeze em destroy gasvalves itisnot bigd eal germans shuffle stigmas because itis intel itis whichtrickworksrightn ow decoys that their government+criminal timecontrolsystem is daytimecha rged quells fortune access selfhelp shuffles murder tricks and pedo orgie s tomake guilty if pathologisationsticks its batshitnuts or cook forehead momfool if pervert itspedoorgies if hooker oftheland its hookersmear an dabuse if hatenut hitler terror threat its that if teenieweeenie turnba ckclock trick its taht because itis intel daytimecharged germangovt+ti mecontrolsystem itis which trick works thistime find foot aim catapulte r usually suffocatekilltrickssssuffocate cockroach ondamamgedheart 230 sq ueeze cautionwithsupport chekcifits gaser above only pieceof crap its like cockroaches damage moelst rape and see ifthey can reinterpet sth that youre guilty for t h e i r crimes this is mildsafe while youfight not to die on a hearttrick oftheirs repeated cockroaches ihate em //// bra inwave scissor nanooilantenna ornot readsout every thought realtime. @doc @doctors @redcross @who @harvard why can fools get away with trick fram ing priming fear fears uncontrolledfears p a n i c while the type is bomb out suffocator gaser jailassmolester in a n g e r  victimisation how is it not  o b v i o u s the criminal german govt with its timecontrol accomplices shuffled harms shuffl ed proxies quelled selfhelp got daytimecharged forthe monstrosities they commit realtime and there on shuffled a n y e v e r ysingle dirty trick th ey had to quell it as immunisation which isnt even new the first thi ng snowden expected was docification the gundeal  bureacrat got intothei r realdeal- got docified – rehabilitated in daytime govt tv  a miracle o n fresh leadership freshbroom miracle  maybe vonderleyen  but its not ne w? ******* how do the germans get away with  misusing docifica tion for control and quell of their sins their german monstrosities th ey a r e daytime charged they quelledit and corner it to nutting while e fforting h e a r t  k i l l and xraybeam and arbitrariy hideousmix trick n ot one unspoiled meal ******* catapult terror is just as spam as int el roofhole gasing deed typed andthefix: to either batshit nutsnesss: pedo orgies pedo sexual assault with minors dozens a day sometimes after daytimecharging it uptothis januar eu humanrights 3781/20  since 2800/10 6ar50/19local in d-74821 //// good doctors dont try to h avebeenright nomatter what the facts are and sure not if setup by a crimi nal system and damnsure not when everything thats happening is f a r f ar f a r m o r e relev ant than any cherrypicked template shitball throw bum lidokain atit or find the cockroach that intel roofhole gases and murder beam radartricks into heart and shutsdown digestive system+stomach and catapults intero xide exchange cellsuffocators into heart wait its deedtyped? and th e typing of it is the nutting? just thatthe heart dies from 69HDL 91LDL an d 91mgdl longtermsugar? I am Christian KISS BabyAWACS – Raw Independe nt Sophistication #THINKTANK + #INTEL #HELLHOLE #BLOG https://www.BabyAWACS .com/ Inquiry@BabyAWACS.com PHONE / FAX +493212 611 34 64 Helpful? Pay. S upport. Donnate. paypal.me/ChristianKiss ///// example: fortune: canth ey buy a magflight?  @ap @reuters @bbc_whys @snowden @haaretzcom  exam ple  #gundeal discredited madeit into daysheeple govt tv. nothing is new about the trick /// framing here: wasit a mistake?nota mistake? : thege rmans?misuse?their doc system? as? control entity. its obvious and norway didnt lookatit before.   /// as charged “immunisation is averted+nut tr icks asif no compensation is necessary ofwhatthey overtape allalong” @ap @r euters @bbc_whys @snowden @haaretzcom thebasisis intelhell +covered aswha t. whiletheir basis nutit doesnot undo compensate neutered mengeletricks  //// repalced phone 1951 +ealrmypahtic then ehadimapct +ealrmypahtica ime 1954 /// dddddddddddddddrrowsyign headimapct bycockroach 1950  t hen ear whzatisit they donthave to justify each catapult and chamber g asing isitntit its howtoterrorise a pet in a cage  w a y toooften then sneakintoit and pornit and thats the germanfix because they are germa n they deserve the inventions too itis hightreason togermany ifthey dont //// whatis the pro-word for idddiots that damageyou suffocate you to fi nd what a damaged transvestitefool you are soit saves em money #sudokus .@ law @law @laws @harvard_law @ap @reuters @bbc_whys @snowden @haaretzcom lawyers hedge abit that every crime the germans did,occured while they t ried to hedge every wet fart on hemmorides as severe mental illness allalo ng these tricks decoy who is charged daytime for what whilethey do what allalong while what is charged daytime decoyed with what allal ong //// is?nutting? intel hell a crime? and if staying damages h appen? staying damages they overtape and know? staying damamges they ov ertape and know c h a r g e d d a y t i m e? adds damages d u r i n g n utting rapes and adds pedo sexual assaults during nutting  for charging it daytime andifits based on averted formality immunisation caused as botch?  but immunised the rapers?  from angle to angle it gets german german german and really german itsjust the part of it what youwanna pokein?  poisons ?  brought to clowncops inte firstplace whilethey shu ffle more harms? yomama from a criminally insane family while they dothe same with her? oh whoopsie it died barely averting the worst regularly? prostitute of the land and the worstpaid ever we set it up and breach ba rricades and set himup to after prep and reinstall barricades because wer e german nice? what aspects of this mess doyouwan to pokein? he s howers and feeds the cat but its not…  .. .. aeh .. . .. aaadunno cant we .. ssssssex! pedo! sex!  because he is aeh a  t r a n s v e s t i t e  and I am Christia n KISS BabyAWACS – Raw Independent Sophistication #THINKTANK + #INTEL #HEL LHOLE #BLOG https://www.BabyAWACS.com/ Inquiry@BabyAWACS.com PHONE / FAX +493212 611 34 64 Helpful? Pay. Support. Donnate. paypal.me/ChristianKiss

.@law @law @laws @harvard_law @lawyercom @ap @reuters @bbc_whys @snowden @haaretzcom

they are g e r m a ns

they aeh germancure aeh nervous guts from crapping ocne a day or twice aday after subdue

to t r y i n g

t o

fourtimes a day

woopsie if mysteriously theorgans die

and they gladly kill support for it to resubdue

as poisongas every chow irradiate and xraybeam and terror cockroachdrug spoil…

[kerrychelly-blog]

Financial SEER: A Way To Quantify Risk Tolerance And Determine Appropriate Equity Exposure

This post is for someone who is wondering:

Whether they have the proper asset allocation

Whether they should sell equities and buy bonds

How to reduce investment stress while still benefitting from returns

How to quantify their risk tolerance

How to continue moving forward on their path to financial freedom despite all the uncertainty

One of my primary goals on Financial Samurai is to help readers build meaningful wealth in a risk-appropriate manner. Because I started my career soon after the 1997 Asian Financial Crisis, I've experienced a lot of carnage as many international college students in the US had to drop out due to a sudden and massive devaluation of their respective home country's currencies. I fully appreciate how hazardous the road to building great wealth can be.

Even the best-made plans can be laid to waste due to some unforeseen exogenous variable. We always hope for good surprises along the way. Unfortunately, life always has a way of kicking us in the face after knocking us in the teeth. Let's always be thankful for what we have and demonstrate kindness to those who are experiencing difficult times.

Most investors overestimate their risk tolerance, especially investors who've only been investing with significant capital since 2009. Once the losses start piling up, it's not only the melancholy of losing money that starts getting to you, it's the growing fear that your job might also be at risk.

You might also erroneously think that the richer you get, the higher your risk tolerance. After all, the more money you have, the bigger your buffer. This is a fallacy because the more money you have, the larger your potential loss. For most rational people, their lifestyles don't inflate commensurately with their wealth. This is why even rich people can't resist a free rubber chicken lunch.

Further, there will come a time when your investment returns have a larger impact on your net worth than your earnings. As a result, the richer you are, the more dismayed you will be to lose money. Your main hope for recovery is a rebound in investment performance because your work earnings won't contribute much at all.

How Most Of Us Rescue Our Investments

The reason we all continue to fight in this difficult world is because we have hope. But eventually, our hope fades because our brains and bodies slow down. When we're younger, we often think ourselves to be invincible. Then, eventually, we start experiencing the realities of aging.

It is due to our fading abilities that we must bring down our risk exposure as we age. It is only the rare bird that goes all-in after making enough money to last a lifetime to try and make so much more. Sometimes they turn into billionaires like Elon Musk. But most of the time they end up going broke and filled with regret.

The only way most of us can rescue our investments after a market swoon is through contributions from earned income i.e. our salaries. We tell ourselves that when the markets are down, that's alright because we'll simply invest more at lower prices.

However, lower prices don't necessarily mean better value if estimates are cut, but all other things being equal, we like to trick ourselves into believing we're getting a better deal all the same.

To understand reward, we must first understand risk. Since 1929, the median bear market price decline is 33.51%, while the average bear market price decline is 35.43% since 1929.

Therefore, it's reasonable to assume that the next bear market could also bring equity valuations down by 35% over an 8 – 10 month period.

Let me share a quantifiable way to measure how much equity exposure you should have based on your risk tolerance.

I'm calling it the Financial Samurai Equity Exposure Rule or Financial SEER. It's an appropriate acronym because seer means a person who is supposed to be able, through supernatural insight, to see what the future holds.

How To Quantify Your Risk Tolerance

Most people just regularly invest in stocks over time through dollar cost averaging. They have little concept of whether the amount of stocks they have as part of their portfolio or their net worth is risk appropriate.

Hence, to quantify your risk tolerance based on your existing portfolio, use the following formula:

(Public Equity Exposure X 35%) / Monthly Gross Income.

For example, let's say you have $500,000 in equities and make $10,000 a month. To quantify your risk tolerance, the formula is: $500,000 X 35% = $175,000 / $10,000 = 17.5.

This formula tells you that you will need to work an 17.5 ADDITIONAL months of your life to earn a GROSS income equal to how much you lost in a -35% bear market. After taxes, you're really only making around $8,000 a month, so you will actually have to work closer to 22 more months and contribute 100% of your after-tax income to be whole.

But it gets worse. Given you need to pay for basic living expenses, you need to work even longer than 22 months. Good thing stocks tend to rebound after an average bear market duration of 10 months, if you can hold on.

Given everybody has a different tax rate, I've simplified the formula using a gross monthly income figure instead of a net monthly income figure. Feel free to adjust the Risk Tolerance Multiple based on your personal income tax situation.

Quantifying risk tolerance by calculating working months is the best way to go because time is money. The more you value your time, the more you hate your job, and the less you desire to work, the lower your risk tolerance.

The classic scenario is a 68-year-old retiree with a $1,000,000 portfolio living off $20,000 a year in Social Security and $20,000 in dividend income from his portfolio.

If his portfolio loses 30% of its value because it is way overweight equities, it is almost impossible to recover the lost $300,000 on his $20,000 a year fixed income. His dividend income may likely be cut as well as companies hold onto their cash for survival. The only thing this retiree can do is pray the market eventually goes up while cutting spending.

How To Determine Appropriate Equity Exposure

After you have quantified your risk tolerance by assigning a Risk Tolerance Multiple = the number of months you need to work to make up for your potential bear market loss, take a look at this guide below.

My guide will not only give you an idea of what your Risk Tolerance Multiple is, but it will also give you an idea of what your maximum equity exposure should be based on your risk tolerance. Solutions!

My advice to all investors is to not risk more than 18 months worth of gross salary on your equity investments using an assumed 35% average bear market decline in your public investment portfolio.

In other words, if you make $10,000 a month, the most you should risk is a $180,000 loss on a $514,285 pure equity portfolio.

The Max Equity Exposure formula =  (Your Monthly Salary X 18) / 35%.

You can certainly have a larger overall public investment portfolio than $514,285 in this example, but I wouldn't risk much more than $514,285 in equities only if you have only a $10,000 a month gross salary.

You can have $514,285 max in equities plus $250,000 in AAA-rated municipal bonds if you wish, for a reasonable 67%/33% equities fixed income split. Your total portfolio size would therefore be $764,285.

Adjust The Assumptions As You See Fit

If you think the next bear market will only decline by 25%, feel free to use 25% in the Max Equity Exposure formula. In the above example, the result would be ($10,000 X 18) / 25% = $720,000 of maximum equity exposure for someone making $120,000 a year.

If you just got promoted and plan to see 20% YoY earnings growth for the next five years, you could use your current monthly salary and a higher Risk Tolerance Multiple to determine your equity exposure. For example, let's say you currently make $10,000 a month, but expect to make $20,000 a month in five years, You also think stocks will go down by 25% at most. The calculation would therefore be: ($10,000 X 36) / 25% = $1,440,000 as your target or maximum equity exposure.

If you decide to live like a hermit in a low cost town in the middle of nowhere, you could increase your Risk Tolerance Multiple to 36. But you've got to question your money priorities for trying to make a bigger return only to never spend your rewards.

Remember, whatever your Risk Tolerance Multiple is, you will have to increase it by 1.2 – 3X to truly calculate how many more years you will need to work to recover from your bear market losses due to taxes and general living expenses.

It is a judgment call regarding how much equity risk you should take. If you've quadrupled your net worth after a 9-year bull market, it's probably wise to lower your risk exposure multiple. Conversely, after a 30%+ correction in equities, it's probably wise to increase your risk exposure multiple.

The closer you get to retirement, the lower your multiple should be as well. Nobody wants to get close to the financially free finish line only to break a leg and get carted off in an ambulance.

Be A Rational Investor With Financial SEER

The valuation of everything is dependent on current and future earnings. It takes time and energy to create those earnings from your job or your business. If you are seriously burning out, please dial down risk and give yourself some time to heal.

For the average person in a normal economic cycle, a gross Risk Tolerance Multiple of 18 is my recommendation. Most people have the fortitude to waste up to around 2-3 years of their lives to gain back what they've lost from a bear market. But after three years of digging out of a hole, things start to feel hopeless as the average person starts giving up.

Remember, things could always be worse! Not only could your stock investments lose more than 35%, you could lose all your home equity due to leverage, your business, your job, and your spouse as well. Please invest rationally and responsibly.

I hope the Financial Samurai Equity Exposure Rule (SEER) helps you take the subjective term of risk tolerance and shapes it into something quantifiable. You now have a concrete way of determining your equity exposure and risk tolerance.

Financial SEER formulas:

Risk Tolerance = (Public Equity Exposure X Expected Percentage Decline) / Monthly Gross Income

Maximum Equity Exposure = (Your Monthly Salary X Risk Tolerance Multiple) / Expected Percentage Decline

Related Posts:

Recommended Net Worth Allocation By Age Or Work Experience

The Proper Asset Allocation Of Stocks And Bonds By Age

Readers, how do you quantify risk tolerance? How many months are you willing to work to make up for potential losses in your portfolio? Is your equity exposure appropriate for your risk tolerance? What is your Risk Tolerance Multiple? 

The post Financial SEER: A Way To Quantify Risk Tolerance And Determine Appropriate Equity Exposure appeared first on Financial Samurai.

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Financial SEER: A Way To Quantify Risk Tolerance And Determine Appropriate Equity Exposure

This post is for someone who is wondering:

Whether they have the proper asset allocation

Whether they should sell equities and buy bonds

How to reduce investment stress while still benefitting from returns

How to quantify their risk tolerance

How to continue moving forward on their path to financial freedom despite all the uncertainty

One of my primary goals on Financial Samurai is to help readers build meaningful wealth in a risk-appropriate manner. Because I started my career soon after the 1997 Asian Financial Crisis, I've experienced a lot of carnage as many international college students in the US had to drop out due to a sudden and massive devaluation of their respective home country's currencies. I fully appreciate how hazardous the road to building great wealth can be.

Even the best-made plans can be laid to waste due to some unforeseen exogenous variable. We always hope for good surprises along the way. Unfortunately, life always has a way of kicking us in the face after knocking us in the teeth. Let's always be thankful for what we have and demonstrate kindness to those who are experiencing difficult times.

Most investors overestimate their risk tolerance, especially investors who've only been investing with significant capital since 2009. Once the losses start piling up, it's not only the melancholy of losing money that starts getting to you, it's the growing fear that your job might also be at risk.

You might also erroneously think that the richer you get, the higher your risk tolerance. After all, the more money you have, the bigger your buffer. This is a fallacy because the more money you have, the larger your potential loss. For most rational people, their lifestyles don't inflate commensurately with their wealth. This is why even rich people can't resist a free rubber chicken lunch.

Further, there will come a time when your investment returns have a larger impact on your net worth than your earnings. As a result, the richer you are, the more dismayed you will be to lose money. Your main hope for recovery is a rebound in investment performance because your work earnings won't contribute much at all.

How Most Of Us Rescue Our Investments

The reason we all continue to fight in this difficult world is because we have hope. But eventually, our hope fades because our brains and bodies slow down. When we're younger, we often think ourselves to be invincible. Then, eventually, we start experiencing the realities of aging.

It is due to our fading abilities that we must bring down our risk exposure as we age. It is only the rare bird that goes all-in after making enough money to last a lifetime to try and make so much more. Sometimes they turn into billionaires like Elon Musk. But most of the time they end up going broke and filled with regret.

The only way most of us can rescue our investments after a market swoon is through contributions from earned income i.e. our salaries. We tell ourselves that when the markets are down, that's alright because we'll simply invest more at lower prices.

However, lower prices don't necessarily mean better value if estimates are cut, but all other things being equal, we like to trick ourselves into believing we're getting a better deal all the same.

To understand reward, we must first understand risk. Since 1929, the median bear market price decline is 33.51%, while the average bear market price decline is 35.43% since 1929.

Therefore, it's reasonable to assume that the next bear market could also bring equity valuations down by 35% over an 8 – 10 month period.

Let me share a quantifiable way to measure how much equity exposure you should have based on your risk tolerance.

I'm calling it the Financial Samurai Equity Exposure Rule or Financial SEER. It's an appropriate acronym because seer means a person who is supposed to be able, through supernatural insight, to see what the future holds.

How To Quantify Your Risk Tolerance

Most people just regularly invest in stocks over time through dollar cost averaging. They have little concept of whether the amount of stocks they have as part of their portfolio or their net worth is risk appropriate.

Hence, to quantify your risk tolerance based on your existing portfolio, use the following formula:

(Public Equity Exposure X 35%) / Monthly Gross Income.

For example, let's say you have $500,000 in equities and make $10,000 a month. To quantify your risk tolerance, the formula is: $500,000 X 35% = $175,000 / $10,000 = 17.5.

This formula tells you that you will need to work an 17.5 ADDITIONAL months of your life to earn a GROSS income equal to how much you lost in a -35% bear market. After taxes, you're really only making around $8,000 a month, so you will actually have to work closer to 22 more months and contribute 100% of your after-tax income to be whole.

But it gets worse. Given you need to pay for basic living expenses, you need to work even longer than 22 months. Good thing stocks tend to rebound after an average bear market duration of 10 months, if you can hold on.

Given everybody has a different tax rate, I've simplified the formula using a gross monthly income figure instead of a net monthly income figure. Feel free to adjust the Risk Tolerance Multiple based on your personal income tax situation.

Quantifying risk tolerance by calculating working months is the best way to go because time is money. The more you value your time, the more you hate your job, and the less you desire to work, the lower your risk tolerance.

The classic scenario is a 68-year-old retiree with a $1,000,000 portfolio living off $20,000 a year in Social Security and $20,000 in dividend income from his portfolio.

If his portfolio loses 30% of its value because it is way overweight equities, it is almost impossible to recover the lost $300,000 on his $20,000 a year fixed income. His dividend income may likely be cut as well as companies hold onto their cash for survival. The only thing this retiree can do is pray the market eventually goes up while cutting spending.

How To Determine Appropriate Equity Exposure

After you have quantified your risk tolerance by assigning a Risk Tolerance Multiple = the number of months you need to work to make up for your potential bear market loss, take a look at this guide below.

My guide will not only give you an idea of what your Risk Tolerance Multiple is, but it will also give you an idea of what your maximum equity exposure should be based on your risk tolerance. Solutions!

My advice to all investors is to not risk more than 18 months worth of gross salary on your equity investments using an assumed 35% average bear market decline in your public investment portfolio.

In other words, if you make $10,000 a month, the most you should risk is a $180,000 loss on a $514,285 pure equity portfolio.

The Max Equity Exposure formula =  (Your Monthly Salary X 18) / 35%.

You can certainly have a larger overall public investment portfolio than $514,285 in this example, but I wouldn't risk much more than $514,285 in equities only if you have only a $10,000 a month gross salary.

You can have $514,285 max in equities plus $250,000 in AAA-rated municipal bonds if you wish, for a reasonable 67%/33% equities fixed income split. Your total portfolio size would therefore be $764,285.

Adjust The Assumptions As You See Fit

If you think the next bear market will only decline by 25%, feel free to use 25% in the Max Equity Exposure formula. In the above example, the result would be ($10,000 X 18) / 25% = $720,000 of maximum equity exposure for someone making $120,000 a year.

If you just got promoted and plan to see 20% YoY earnings growth for the next five years, you could use your current monthly salary and a higher Risk Tolerance Multiple to determine your equity exposure. For example, let's say you currently make $10,000 a month, but expect to make $20,000 a month in five years, You also think stocks will go down by 25% at most. The calculation would therefore be: ($10,000 X 36) / 25% = $1,440,000 as your target or maximum equity exposure.

If you decide to live like a hermit in a low cost town in the middle of nowhere, you could increase your Risk Tolerance Multiple to 36. But you've got to question your money priorities for trying to make a bigger return only to never spend your rewards.

Remember, whatever your Risk Tolerance Multiple is, you will have to increase it by 1.2 – 3X to truly calculate how many more years you will need to work to recover from your bear market losses due to taxes and general living expenses.

It is a judgment call regarding how much equity risk you should take. If you've quadrupled your net worth after a 9-year bull market, it's probably wise to lower your risk exposure multiple. Conversely, after a 30%+ correction in equities, it's probably wise to increase your risk exposure multiple.

The closer you get to retirement, the lower your multiple should be as well. Nobody wants to get close to the financially free finish line only to break a leg and get carted off in an ambulance.

Be A Rational Investor With Financial SEER

The valuation of everything is dependent on current and future earnings. It takes time and energy to create those earnings from your job or your business. If you are seriously burning out, please dial down risk and give yourself some time to heal.

For the average person in a normal economic cycle, a gross Risk Tolerance Multiple of 18 is my recommendation. Most people have the fortitude to waste up to around 2-3 years of their lives to gain back what they've lost from a bear market. But after three years of digging out of a hole, things start to feel hopeless as the average person starts giving up.

Remember, things could always be worse! Not only could your stock investments lose more than 35%, you could lose all your home equity due to leverage, your business, your job, and your spouse as well. Please invest rationally and responsibly.

I hope the Financial Samurai Equity Exposure Rule (SEER) helps you take the subjective term of risk tolerance and shapes it into something quantifiable. You now have a concrete way of determining your equity exposure and risk tolerance.

Financial SEER formulas:

Risk Tolerance = (Public Equity Exposure X Expected Percentage Decline) / Monthly Gross Income

Maximum Equity Exposure = (Your Monthly Salary X Risk Tolerance Multiple) / Expected Percentage Decline

Related Posts:

Recommended Net Worth Allocation By Age Or Work Experience

The Proper Asset Allocation Of Stocks And Bonds By Age

Readers, how do you quantify risk tolerance? How many months are you willing to work to make up for potential losses in your portfolio? Is your equity exposure appropriate for your risk tolerance? What is your Risk Tolerance Multiple? 

The post Financial SEER: A Way To Quantify Risk Tolerance And Determine Appropriate Equity Exposure appeared first on Financial Samurai.