Braden is here to answer some burning financial questions!

--With the market up over 50% since the March lows what are some things people can do to protect their gains?

First of all there is nothing wrong with taking some money off the table or raising cash. If they do not want to do that they can place some stop loss orders so that they can protect their gains if the stock should move lower through those levels. They also may want to decrease the volatility that is in their account also.

--Is there anything else investors can do to protect their portfolio?

One other thing that they can do is to look at investments that are not correlated to the markets. The problem with these investments is they have a tendency to be illiquid so the individual needs to consult their advisor to make sure that this strategy would be appropriate for them.