This Coronavirus crisis, while a massive Black Swan event, has reinforced for me the importance of managing financial risk. You can't know things like this are around the corner but I know I try to be mindful of considering risk/exit strategy/diversification in all investment decisions I make without letting it paralyse me from taking action. Obviously many people have been hit for 6 that would have been considered in quite a safe position only weeks ago ago. I'm just curious for others on the forum coming into this do you feel that you have made good financial decisions to help manage your downside risk? Some general thoughts for me: Pros: - Jobs: I work for a multinational making consumer staples, my wife works for essential services, we have reserves of annual, sick and long service leave. We have transferable skills. - Properties run the spectrum from low income to blue-chip. Multiple properties help vacancy risk. - Share holdings invested in LICs and ETFs, reduced sector or single company risk, also 50% offshore which has helped with currency risk. 3 day clearing makes this a readily accessible source of emergency funds (compared to illiquid property) - Cash $150k safety buffer, have always accessed equity whenever available. - Super - last resort in severe financial hardship. - Wife and I are quite modest in our needs and could rapidly trim further if needed. No consumer debt, expensive car loans, etc etc. - Willing to work hard, if things hit the fan I would be the first to put up my hand to stack shelves at Woollies as the next guy. Cons: - Debt high, LVR at near 80% - geographical risk - all properties are in greater Brisbane. - borrowing capacity nearly maxed out and currently "fully invested" - minimal cash available to take advantage of current bargains. - My job is private sector, government would be better I think at times like this. Just the things that run through my head at a time like this. I think there are always unknowns, I could lose my job tomorrow, multiple tennants could stop paying, asset prices keep crashing etc but hopefully some of the decisions I have made to this point might help see us through. How are others feeling?