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Splash Mountain Minus the Splash
Written by Steve | Published: |
When my wife and I were newly married we went on a trip to Disneyland in California. We were having a great time and hopped on one of our favorite rides, Splash Mountain.
After enjoying the majority of the ride we finally got to the climb before the main big drop.
We heard the click, click, click as we were climbing higher and higher, then we heard a loud CLUNK! We dropped back a few inches before being abruptly caught by one of those safety ratchet things.
That did not sound good, we said to each other, and we sat there in the same spot for what felt like an hour, but was probably only five minutes.
Then, one of the Disneyland employees came to our side with a flashlight and asked us to slowly exit the ride and pointed in the direction of the emergency exit.
After walking down the stairs we ended up in a maintenance alley way, which wasn’t so magical.
Now going up any type of roller coaster I have a new found appreciation for those load ratchet clicks while climbing up the coaster track.
Can you imagine if those safety ratchets weren’t there and we all slid back and crashed on top of each other?
That would definitely ruin your weekend!
[This picture was a much later trip, but always fun to see all the facial expressions! ]
I was talking with one of my favorite clients yesterday and we were reviewing the strategies that we just put in place for him and his wife.
Through an advanced structure we were able to not only protect his hard earned capital when the market turns down but at the same time position them to capture the growth of the market and ratchet their way up.
We designed some ratchets to lock in daily, monthly, annually and biennially.
Now that the debt ceiling has been changed we don’t know what is going to happen but we are prepared for any scenario.
This isn’t a strategy I would recommend putting 100% of your money into but depending on age and risk tolerance somewhere between 30-60% of your portfolio will maximize continuous cash flow and increase your income stability.
It’s a wild ride out there right now, hope you have some ratchets in place. 😀