When the market had a 10% correction a reader asked if I took a hit.
"…the first week that this market correction took place, I am sure you took a hit? Please talk me through this and tell me how you mitigated the risk."
The system I use has built in insurance so I rarely 'take a hit' like most people think.
I hate losing money so I think about risk first, profits second. Here are two (of many) examples of what I mean by "built in insurance":
[+] I only buy my long term stock holdings during a market crash. Said another way, I wait until the stock market has fallen 20-40% and then I buy.
This way I avoid the usual emotional anguish traditional buy and hold investors go through. AND it makes my returns higher over the long term.
Trust, but verify: run the numbers yourself to see if what I said is accurate.
[+] With my short term option trades (the "risky" ones) I only invest 1-2% of my account and I ALWAYS leave over 90% of my money in cash.
So even if the stock market went to zero I'd lose maybe 5-10% of my money.
My losses are always capped at an acceptable rate. Thus, I never feel the need to buy stock insurance or "mitigate my risk" in other ways.
However, when the market had a 10% correction in February of 2018 I did have insurance in place. I actually made money during the correction (it was good fortune as I had no clue the market would fall 10% in February).
I talk about that in the video below and I also show one of the ways you can protect your money during a market crash.
For over 15 years I've been sharing simple but powerful strategies that help investors make and keep more of their money.
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And yes, I know those 5 strategies don't sound as sexy and exciting as some of the other stuff that's being promoted online.
It's not about sounding sexy. It's about following a consistent, reliable system that has beaten the market every year...while having less risk (for me at least).
It took a lot of years to fine tune and perfect the process, but now my students are creating financial freedom with a system that takes roughly 10-minutes a day to implement.
Complicated trading systems make you a slave to your computers all day.
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