If you stick to your exit strategy, it can serve as a near-foolproof way to methodically cut your losses and let your winners ride.
Few folks properly understand inflation. So taking just a little time to figure it out puts you well ahead of investors who skim the headlines or focus on hyperinflation doomsday scenarios.
More than half of Americans have less than $10,000 saved for retirement, according to GoBankingRates. And in an article in the New York Times, an economics professor estimated that nearly half of middle-class workers will be “poor or near poor” in retirement, living on a food budget of about $5 per day. This is why it’s so important to start building your nest egg, and the sooner you can start, the better.
In the past 20 years, we’ve seen Merrill Lynch’s Henry Blodget touting stocks he privately dismissed as crap… Bernie Madoff mailing phony account statements to hoodwink clients out of $18 billion… corrupt lenders building a multibillion-dollar firm based on worthless “liar” loans… and that’s just a sample. The irony is, protecting yourself from these convoluted shell games is simple…