Have decided 2 things recently.... (1) The best way to grow net worth is to have full amount fully invested in market (all eggs in). (2) Have to have some sort of downside protection/insurance. (market last few weeks....) So the question is, what is the best way to accomplish #2. Example, say full portfolio is $500k and I want to put all in SPY or another single stock. How do I protect it (cost effectively) against events such as what has transpired the past couple weeks....? I fully understand I will give up some upside value, but how much - what is the cheapest way to do so (while still having some upside and perhaps capture dividends). Another example - Oil stocks....if you didn't have some form of downside protection, shew buddies... What do you have to give up, upfront cost or upside potential, to have decent downside protection from large move downward. Outright puts seem too expensive, and have a specific time frame dynamic to them. If cost was a few % points a year, it would still be worth it to me. What other options are there - Straddle, Put ladder, Collar, Condor....?