Times Like These
June 28th, 2008 by Buck Woodford
We have been honoring some of my mentor RevShark’s words this week. Saved from a long-ago post on RealMoney.com, I break out this quote whenever the market gets dicey.
“Keep the Damage to a Minimum.
If you can avoid taking a large hit now, you will be much better positioned when things get better.”
Words to invest by. Especially with the S&P 500 down 8.7% so far in June, it’s biggest monthly drop since the Bear market in 2002.
Client accounts are roughly breakeven over the same period.
