tag:blogger.com,1999:blog-1610137678303673471.post5091510332883497164..comments2023-11-02T08:49:23.436-07:00Comments on Sensible Investments: Report Card on The Black Swan HedgeLawrence Weinmanhttp://www.blogger.com/profile/09432369616939155156noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1610137678303673471.post-68776457012101771292011-01-04T03:41:57.521-08:002011-01-04T03:41:57.521-08:00You advise: "to avoid the vxx completely when...You advise: "to avoid the vxx completely when the futures mkt is in deep contango."<br /><br />Exactly how do I know when this is?<br /><br />I (hoped) imagined that the VIX might get as low as 15 by the end of this month; providing an opportunity to go long vxx without getting my face torn off as I had already experienced.<br /><br />Will establishing a vxx position either: Today Or - at the end of January expose me to this hellish contango?<br /><br />To the best of your judgement - you advise 3% VXZ + 2% VXX at this time?<br /><br />Better than equal weight?<br />What about the reverse?<br />Or 4% VXX + 1% VXZ + either<br />1% XVV or 1% XVIX??<br /><br />I am not at all joking - I sincerely need effective 'buy and hold' protection but can not even comprehend 'contango'.<br />So your judgement is invaluable to me.<br /><br />Profound thanks and -<br />Very Warmest Regards,<br /><br />TomZevonhttps://www.blogger.com/profile/11008922018353072457noreply@blogger.com