Protecting Yourself in Tough Markets by Van K. Tharp, Ph.D.
ARTICLE SYNOPSIS ...Protecting Yourself in Tough Markets by Van K. Tharp, Ph.D.
Things may be going great for you now, but what happens when the tide turns and you face hard times in the market? Here's how to protect yourself.
Recently, I encountered a man who was close to suicidal. Three weeks prior, his Keogh account had been worth about $1.3 million. Unfortunately, as a result of the mini-technology crash in NASDAQ, the value of his account had plummetted, ending up only worth about $400,000 by the time we met. Then, he had watched one stock drop from $200 per share to about $50 per share before he got out ...