When to Cut Your Losses on a Stock

Money Rehab with Nicole Lapin

Money News Network

Self-improvement, Business, Education

4.6 • 1.7K Ratings

🗓️ 22 December 2021

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

… We know what we said in yesterday’s episode: don’t get off the rollercoaster in the middle of a ride. That’s totally true. But at the same time, there are exceptions where you should cut your losses. Today, Nicole walks you through what those exceptions are, and how to handle them. Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

Transcript

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0:00.0	Hey guys, are you ready for some money rehab?
0:05.1	Wall Street has been completely upended by an unlikely player. Game stop.
0:08.8	That's a good one.
0:09.8	Ian and should I have a 401k because then I can do it?
0:12.6	No, I know.
0:14.1	What's that?
0:15.1	I don't think the whole world will revolve around you on your money.
0:17.6	What the fuck?
0:19.6	Charge for wasting our time.
0:22.8	I can be charged.
0:23.8	I will take a check.
0:24.8	I got a full check.
0:26.3	Cool.
0:27.3	You recognize her from anchoring on CNN, CNBC, and Bloomberg.
0:31.9	The only financial expert you don't need a dictionary to understand.
0:36.2	The cold lap in.
0:38.0	In yesterday's episode I talked about how the stock market is a roller coaster.
0:42.3	And you shouldn't get off the ride in the middle.
0:45.1	And that is 100% true.
0:47.6	However, you also need to know when to cut your losses and sometimes that will mean selling
0:53.1	a stock for less than what you bought it for.
0:55.8	I know what you're thinking.
	...

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