Cash (Flow) is King
One of my most important rules for financial planning is never have to be selling equities to meet income needs. You never want to put yourself in a situation where you need to sell when the markets are down, like now. That turns a paper loss into a realized loss and the ripple effects can be devastating for your financial health.Q1 2020 hedge fund letters, conferences and moreHowever, no matter how well you plan your cash flow, a Black Swan event, like what we are currently experiencing from the Covid-19pandemic, is potentially going to throw a monkey wrench into your plans. Your normally tru...