WEALTHSTEADING Wealth Building Principles with John Pugliano   /     STOP LOSS- I dont use it

Description

Episode 227: Β I don’t use a stop loss as a risk mitigation strategy because I believe it’s a false sense of security.Β  I’ve covered this a number of times, but people keep asking, so I’ll review my thoughts on the subject.Β  As with everything discussed in my podcast series, I just share my opinions and positions…what works or doesn’t work... Read more β†’

Summary

Episode 227: Β I don’t use a stop loss as a risk mitigation strategy because I believe it’s a false sense of security.Β  I’ve covered this a number of times, but people keep asking, so I’ll review my thoughts on the subject.Β  As with everything discussed in my podcast series, I just share my opinions and positions…what works or doesn’t work for me.Β  You need to think and act for yourself.
My biggest objection to using a stop loss is getting caught in a flash crash.Β  This is what occurred on August 24, 2015: Β http://www.investablewealth.com/flash-crash-hazard-of-stop-loss-orders/
Yesterday I bought positions in GS & JPM, which are my two favorite DOW stocks that I think will benefit most from short/near term trends in automation, robotics & artificial intelligence:Β  http://www.investablewealth.com/bought-the-banksters-gs-jpm/
Forbes reference to my book:Β  https://www.forbes.com/sites/nextavenue/2017/05/15/why-robots-wont-be-coming-for-all-our-jobs/#711d0aa7287b
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The Robots are Coming: A Human’s Survival Guide to Profiting in the Age of Automation Β available at AMAZON and all fine bookstores.
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10 Wealth Building Principles:Β  http://www.wealthsteading.com/category/wealth-building-principle/
Full archives are available at:Β  http://www.wealthsteading.com
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Subscribe to the Wealthsteading Podcast:
via iTunes: Β https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058
Hosted by John Pugliano. The Wealthsteading Podcast provides stock market commentary and investment insight based on 10 simple wealth building principles.
For more information visit us at: www.wealthsteading.com or www.investablewealth.com
Copyright Β© 2017 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah.
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Subtitle
Episode 227: Β I don’t use a stop loss as a risk mitigation strategy because I believe it’s a false sense of security.Β  I’ve covered this a number of times, but people keep asking, so I’ll review my thoughts on the subject.
Duration
13:34
Publishing date
2017-05-18 23:27
Link
http://www.wealthsteading.com/227/
Contributors
  Retirement, Investing, Saving, Stock Market Trading& Money; a real life alternative view to NPR, FOX, CNBC, Drudge& cable news.
author  
Enclosures
http://media.blubrry.com/wealthsteading/www.wealthsteading.com/podcastepisodes/wsp_227_170518.mp3
audio/mpeg

Shownotes

Episode 227: Β I don’t use a stop loss as a risk mitigation strategy because I believe it’s a false sense of security.Β  I’ve covered this a number of times, but people keep asking, so I’ll review my thoughts on the subject.Β  As with everything discussed in my podcast series, I just share my opinions and positions…what works or doesn’t work for me.Β  You need to think and act for yourself.

My biggest objection to using a stop loss is getting caught in a flash crash.Β  This is what occurred on August 24, 2015: Β http://www.investablewealth.com/flash-crash-hazard-of-stop-loss-orders/

Yesterday I bought positions in GS & JPM, which are my two favorite DOW stocks that I think will benefit most from short/near term trends in automation, robotics & artificial intelligence:Β  http://www.investablewealth.com/bought-the-banksters-gs-jpm/

Forbes reference to my book:Β  https://www.forbes.com/sites/nextavenue/2017/05/15/why-robots-wont-be-coming-for-all-our-jobs/#711d0aa7287b

————————————————————–

The Robots are Coming: A Human’s Survival Guide to Profiting in the Age of Automation Β available at AMAZON and all fine bookstores.

————————————————————–

10 Wealth Building Principles:Β  http://www.wealthsteading.com/category/wealth-building-principle/

Full archives are available at:Β  http://www.wealthsteading.com

β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”-

Subscribe to the Wealthsteading Podcast:

via iTunes: Β https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058

Hosted by John Pugliano. The Wealthsteading Podcast provides stock market commentary and investment insight based on 10 simple wealth building principles.

For more information visit us at: www.wealthsteading.com or www.investablewealth.com

Copyright Β© 2017 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah.

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