• Starting a portfolio at record highs in the markets and after an already lengthy bull market producing extended valuations requires considerable care to manage the downward risk.
• A main way of managing that risk is to have plenty of cash in the portfolio.
• Here we also look at some use of VIX products, like futures and options, given the historic lows in the VIX.

Source: SHU Portfolio Hedging With Cash And The VIX | Seeking Alpha