Episode 227: I don’t use a stop loss as a risk mitigation strategy because I believe it’s a false sense of security. I’ve covered this a number of times, but people keep asking, so I’ll review my thoughts on the subject. As with everything discussed in my podcast series, I just share my opinions and positions…what works or doesn’t work for me. You need to think and act for yourself.
My biggest objection to using a stop loss is getting caught in a flash crash. This is what occurred on August 24, 2015: 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: http://www.investablewealth.com/bought-the-banksters-gs-jpm/
Forbes reference to my book: 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 available at AMAZON and all fine bookstores.
10 Wealth Building Principles: https://www.wealthsteading.com/category/wealth-building-principle/
Full archives are available at: https://www.wealthsteading.com
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