Author: Dr. David Eifrig, DailyWealth.com

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.

It allows you to become a partial owner of thousands of profitable businesses. Remember this if you’re constantly fearing the next market crash.

It’s a great way to protect your portfolio from a potential decline…and still profit from the upside in stocks.

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.