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"How do I keep my money safe?"
It's a question on the minds of many investors – and rightly so, given last week's hijinks. First there was China, then politics, then rates… a trifecta of sorts.
The ugly truth, as we saw perfectly illustrated last week, is that too many people wait until a major market move is already in progress before they start thinking about how to protect their portfolio.
These folks are starting from five steps back. For many investors – especially those who have just worked up the courage to get back in, having gotten shellacked in the global financial crisis a decade ago – this couldn't have happened at a worse time. They're scared and frustrated.
But if you take the approach I'm going to talk about today, you'll find market dips are just a speed bump in the path to profits…
About the Author
Keith Fitz-Gerald has been the Chief Investment Strategist for the Money Morning team since 2007. He's a seasoned market analyst with decades of experience, and a highly accurate track record. Keith regularly travels the world in search of investment opportunities others don't yet see or understand. In addition to heading The Money Map Report, Keith runs High Velocity Profits, which aims to get in, target gains, and get out clean, and he's also the founding editor of Straight Line Profits, a service devoted to revealing the "dark side" of Wall Street... In his weekly Total Wealth, Keith has broken down his 30-plus years of success into three parts: Trends, Risk Assessment, and Tactics – meaning the exact techniques for making money. Sign up is free at totalwealthresearch.com.
Tags: trading strategies