Setting a clear investment objective is like designing a blueprint for your market-neutral portfolio. Why is this step crucial? It aligns your financial goals with investment strategies. Consider questions like, 'What are my risk tolerance and return expectations?' Without this clarity, navigating the financial markets can feel like sailing without a compass. The objective? Ensure a balance between risks and returns, customizing strategies according to investor preferences. Watch out for ambiguity here—it can derail your efforts. Armed with financial analytics tools, articulate your intention precisely, planting the seeds for informed investment decisions.