Don’t Forget to Pay Yourself!

Why do people trade securities in the stock market?

To make money, obviously!

Regardless of how you trade, it’s important that you don’t forget to occasionally take some gains off the table.

I’ve said before that money isn’t made or lost in the stock market, it’s only moved…

Whether you’re a long term investor or a swing trader, you haven’t actually made any money until you transfer those gains to your bank account!

So always remember to pay yourself from time to time. It’s why we do what we do!

Recently, I went on a vacation to Mexico with gains I took from the stock market.

And why shouldn’t you be able to as well?

Saving up for a new car? Want to put a down payment on a house? Supplement your retirement income?

All of this, and more, can be done through the stock market. You just have to remember to take some of those hard earned gains.

Bottom line: Don’t forget to pay yourself!

Keep it In the Money

Alan Knuckman
Editor, In-The-Money

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