Is It Time To De-Risk Your Portfolio? | Ted Oakley

March 26, 2026

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5 min read

Ted Oakley, founder and CEO of Oxpo Advisors, shares his firm's approach to navigating current market volatility amid high oil prices, geopolitical tensions, and stretched valuations. He stresses maintaining substantial liquidity to capitalize on opportunities while avoiding overexposure.

Liquidity and All-Weather Positioning

Oxpo holds 45-48% of portfolios in short-term U.S. Treasuries (three- to six-month), viewing this as essential dry powder for bear markets. Oakley explains that their best returns have historically followed downturns, when cheap entry points emerge. Recent trades include selling most silver miners and some gold miners near year-end peaks—after silver tripled in a year and miners hit highs—then repurchasing royalty/streaming companies after 30-35% pullbacks. They avoid full market exposure, favoring individual companies analyzed bottom-up over broad indices. Energy remains the largest sector weighting, with additions to producers, drillers, and service firms as prices climb steadily without retail chasing.

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What you'll learn

1 (01:00) **Cash Liquidity Imperative** - Ted stresses holding 20-25% in short-term treasuries amid high valuations
2 (02:00) **Oxpo's Company-Focused Strategy** - Firm evaluates individual companies for opportunistic buys, ignores broad market noise
3 (04:00) **Recent Portfolio Adjustments** - Sold silver miners and some gold at peaks, added energy services post-dip
4 (07:00) **Precious Metals De-Risking** - Sold miners after rapid triples, buying back royalty/streamers on pullbacks
5 (09:00) **Energy Sector Bull Case** - Remains top position with legs due to low ownership by institutions/pensions
6 (11:00) **Texas Oil Industry Vibe** - Producers like current prices but cautious on drilling ramp-up
7 (12:30) **Geopolitical Tailwinds for U.S. Energy** - War adds risk premium to Gulf oil, boosting U.S. exports

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Show Notes

SCHEDULE YOUR FREE CONSULTATION WITH TED'S FIRM at https://www.thoughtfulmoney.com/oxbowThe extreme valuations, heightened uncertainty and potential threats in today's financial markets lead high-net worth advisor Ted Oakley to encourage investors to raise cash at this time."If you don't have at least 20-25% in cash or T-bills, I think you're taking a bigger risk", he warns.The danger he sees is both the earnings and earnings multiples of stocks declining, hitting investors from both directions.To find out how he's investing client capital right now, watch this video.#oilprices #goldprice #marketcorrection _____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It’s important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer’s unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security’s or a firm’s past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2026 Thoughtful Money LLC. All rights reserved.