I read sometime ago about insured asset allocation: set a minimal amount of your portfolio value and do not allow it to drop below that amount in any circumstances.
Something along that line was done at the end of the last year by Ted and other retiree I know who completely quieted the stock market because could not afford losing money at their age.
What do you think about this asset allocation or other types of insuring your portfolio from loses? Did you see in the literature details how it works?
I understand that insured asset allocation is not a recommended way to invest, but nevertheless if you still want to stay in the market and at the same time want to protect your money from excessive loses you need to find a right approach to do that.