Today's Market: A Reminder of the "Prime Directive"
When it comes to the survival of our portfolios, following the "prime directive" is absolutely key to getting through the tough market environments - so we can thrive when the market's upward momentum returns.
On days like today, I'm reminded of what I call the trader/investor's "prime directive."
In the original Star Trek series, the characters would frequently mention "the Prime Directive." As explorers of the galaxy, it was their law above all other laws that they must obey - or suffer the ultimate punishment.
We have to embrace the idea of "risk" in the stock market. But we also need to assure the survival of our portfolios during uncertain/bearish periods.
So I follow what I call the "prime directive" - it's absolutely key to getting through the tough market environments - so we can thrive when the market's upward momentum returns.
Best of Good Buys!
Jeff
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