@Pentosh1
Oct 17, 2025 · 10:48 ET
stock
1st mention
trade
position
My current tradfi setup is boring, but it's intentionally boring. We can go over it a bit now, and then later on get into more details around it.
I have viewed crypto as a barbell strategy since end of 21. Where, I take risk in crypto, but little risk outside it and nothing inbetween.. When money leaves, it never re-enters. That's a rule that I think the people who survive follow and allows you to hit "save game" on your net worth and compound wealth without the big drawdowns in this asset class.
At least twice a year I reset my trading account to a baseline number. The rest now goes into trad markets.
This year I shifted to a bit more risk from that complete barbell. Into a more traditional barbell. The design isn't for ultra high returns currently. But that can change as there is some flexibility
My current setup is something like this with different risk buckets:
1. Long/Short stocks and commodities
2: Hedge Fund exposure examples: (millennium, goldentree, discovery, chicago atlantic)
3. Bonds, purchased a bit before the last cuts (these will be rotated into stocks in a downturn) SPY box spreads via options
4. Very small vc exposure, private deals
Then some AQR delphi. There are a few funds within that. But one of them I'd highlight is AQR is for tax efficiency to offset some taxable gains
Very basic explanation of how they work.
You buy some stocks for $100.
Half of them go to 150
Half go to $50
The value is still the same. They then sell the losing stocks and immediately buy the closest beta to the stock they sold. So the bet is actually the same as well.
But now you’ve locked in the $50 loss. But your portfolio is still the same value
On taxes it looks like you lost money. But the account value actually went up. You have realized losses but net portfolio gains. = tax offset, less tax paid and more gains and compounding.
$SPY
| return | 1D | 1W | 1M | 1Y | now |
|---|---|---|---|---|---|
| $SPYlong | +1.0% | +1.9% | +1.1% | — | +13.4% |
