One of my mentors, Warren Buffett, has a great quote:
“Rule 1: Don’t lose money. Rule 2: Don’t forget Rule 1.”
In other words, don’t be risky with your investment.
When it comes to making money in the stock market, protection is key. Yes, there are many ways to lose money with stocks…
(I should know, I’ve made some big mistakes that cost me $100K…but that’s a story for another day.)
…But that doesn’t mean that stock market investing needs to be risky. In fact, good investing isn’t risky at all!
As I always to say, profit is a byproduct…