How To Hold Onto Your Millions When Protecting Your Fortune

How To Hold Onto Your Millions When Protecting Your Fortune

How To Hold Onto Your Millions When Protecting Your Fortune

Chris Palmeri (Senior Correspondent, BusinessWeek) gives expert video advice on: How do I hold on to my millions?

How do I hold on to my millions?

Well one of the things you can do as an investor in stocks, is put in what is called a stop order with your brokerage firm. And that way if the hot energy stock that you thought was going to go up in value actually turned out to be the next Enron, you can sell it at a certain price, then limit your losses say to 30%. And it is not a way to get rich but it is also a way to ferment yourself from getting broke.