I truly believe that it is critical for every every single investment to have an Exit Strategy.
The Merriam Webster Dictionary defines the word "Exit" as:
to go out of a situation, the act of leaving something.
"Strategy" is defined as:
a careful plan or method for achieving a particular goal, or the skill of making or carrying out plans to achieve a goal.
At Sage Money Radio, I affiliate myself with only a few investment strategies. Each one has a clear, precise exit strategy. There is no need to worry about when to buy or when to sell. These investment strategies are appropriate for 401(k) plans, IRAs, self-directed pensions, trust funds, family partnerships, etc.
In today’s hysteria of investing and the global economy in which we live, I believe that you need more than one person educating you about the different methods for your investments to make money. There are investment strategies that traditional Wall St. brokers won't tell you about. These investment strategies are in companies that don’t have stadiums named after them; they don’t sponsor college athletics; don’t advertise on television; etc.
You learn about these investment strategies, which we call "alternative investments" from Hollis Day Jr. on Sage Money Radio.