RICK BOOKSTABER SHARES HIS INSTITUTIONAL LEVEL FINANCIAL RISK MANAGEMENT EXPERTISE WITH INDIVIDUALS

September 25, 2021

Part 2 of 2

Financial risk management has long been available only to institutional investors who pay a fortune to acquire it. Rick Bookstaber who has been a chief risk officer at many leading financial institutions is bringing his approach and knowledge to individual investors through his new consulting firm Fabric and is sharing it with WEALTHTRACK viewers. 

WEALTHTRACK Episode #1813 broadcast on September 24, 2021

Listen to the audio-only version here:

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RICHARD BOOKSTABER

  • Former Chief Risk Officer, University of California’s Pension & Endowment Portfolios,
  • Founder & Chief Risk Officer,
  • Fabric

ACTION POINT


DO A PERIODIC RISK ASSESSMENT OF YOUR FINANCIAL SITUATION

  • Review Your Financial Goals
  • How Well Does Your Portfolio Match Them?
  • How Concentrated Are Your Holdings?
    • (For Example: 10 Stocks, Including Faangs = 25% of S+p 500 Market Cap)
  • How Leveraged Are You?
    • Too Much Debt Can Lead to Forced Selling in a Market Downturn
  • Do You Have Enough Savings to See You Through a Bear Market?

BOOKSHELF


ONE INVESTMENT

UNDERSTAND YOUR PORTFOLIO’S RISKS

Review your holdings on a factor basis

Examples: 

  • Technology vs. Basic materials 
  • U.S. vs. Emerging markets
  • Value vs. Growth
  • High cap vs. Low cap

ARCHIVE

Richard Bookstaber from the WEALTHTRACK Archives:


WEB EXTRA

STRATEGIC SPORT

Financial risk management expert Rick Bookstaber has earned a black belt in Brazilian jiu jitsu, a sport he is passionate about for both its athletic and cerebral qualities.   

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