Tip #1:

Protect a Lifetime of Wealth with Puts

Insure your stocks from loss (with very little effort or cost) by buying put options on the stocks that you already own or on stocks from the same sector and of similar fundamentals to those in your portfolio.

Make your put portfolio a separate profit center, even though it’s designed as an insurance policy. Buying cheap, out-of-the-money puts can provide this net. For a nominal price, you can get a lot of reassurance.