Need a “Stop-Loss” For Your Life?

Stock Market Correction
Photo by Rafael Matsunaga on Flickr CC BY-2.0

If you’re familiar with the stock market, you probably know what a “stop-loss” is. It’s an order whereby your shares are automatically sold if their value drops to a predetermined level. This prevents your losses from becoming even greater if share prices drop further.

It’s a handy tool to set in place when trading on the stock market. It locks in your profits or limits your losses in a down market, and helps preclude financial catastrophe.

But don’t you wish we had a “stop-loss” for real-life problems?

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