If you've got money in the stock market and haven't checked your statements lately, you're in for a pleasant surprise.
In mid-March of 2020, the Dow Jones Industrial Average closed below 20,000. As I write this, a bit more than a year later, it's over 34,000. That's a gain of 70%. The tech-heavy NASDAQ index has done even better: It's nearly doubled.
But as they say, what goes up must come down. Maybe not today, maybe not tomorrow, but trees don't grow to the sky.
So, what's an investor to do? If you sell, you could be leaving money on the table. But if you don't, all those profits may one day seem like a pleasant dream.
While there's no perfect solution, there are some techniques to protect your profits, or at least prepare for the inevitable. That's what this week's "Money!" podcast is about. We're going to talk about some things you can do to keep from surrendering all those tasty gains.
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