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Imagine you're embarking on a journey through the treacherous wilderness of the financial markets. You'll need a trusty guide – someone who has your best interests at heart, someone who will lead you down the safest and most profitable path. That, my friends, is the essence of a fiduciary.
Admit it, we've all been there. You've got a stock that's been tanking for weeks, but you just can't bring yourself to sell. "It'll turn around," you tell yourself. "It's just a temporary dip." But deep down, you know the truth: this stock is a lost cause, and it's time to cut your losses before they get even bigger.