When you feel like you’re winning and you just can’t help but think maybe this financial momentum that you’ve gained will never disappear, isn’t it just right to push your luck until you’ve finally won the big pot? Wrong. The thing about the future is that it’s always unknown. Sometimes, you just have to know—or plan—when to fold to make a graceful and plentiful exit.

In this Case Study episode, we discuss a specific investing case where being right on the investment, the direction, and even timing is still not enough without thinking through the strategy all the way to the exit. We discuss the specific example where an investor used put options to speculate on the selloff of a cruise line stock in early 2020 and how not being disciplined on the exit point eroded their returns. We discuss how to view any investment all the way through from start to finish and how to hold yourself accountable to the process.

Be wiser in planning your exit strategy by tuning in to this episode.

Resources:

• Destiny Capital (https://www.destinycapital.com)

What’s Discussed in This Episode:

1. A real-life case study on exit strategy [01:26]
2. Why you need to have an exit strategy, short-term investment or not [03:49]
3. Having the right discipline and composure when investing [04:38]

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