You invest to make money. When you buy a stock, your objective is to sell it at some point down the road for a profit. Planning your exit strategy (the price at which you would be comfortable selling your shares) is a critical component of a more disciplined approach to investing.

BMO InvestorLine is pleased to offer our clients two types of orders, Hard Stops (see below) and Trailing Stops. These orders allow you to plan and set up your exit strategy at any point, even as early as when you are placing your buy orders. These tools will help you manage your investment portfolio, lock in your gains and minimize your downside risk.

Hard Stop Orders allow you to decide on a "hard" or firm price at which to sell your stock and lock in your gains. Hard Stop Orders are very similar to Limit Sell Orders, with one key difference: a Hard Stop Order has an indefinite expiry date. Once you place the order, it is good until filled or until you cancel it.

This small distinction is an extremely important one for investors who want to take a more disciplined approach to investing. Hard Stop Orders let you plan your "exit strategy" up front. You can set up your desired sell price (Price Limit) and not have to worry about whether you have a sell order when you are not monitoring the price of your stocks. Your Hard Stop Order will remain open until your stock is sold at your specified price, or until you cancel the order.

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The "Investment Safety Switch" report is made available through special permission by The Oxford Club. For more information on The Oxford Club or its "Investment Safety Switch" report, please visit www.oxfordclub.com.

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