Passage
Jehovah is the portion of mine inheritance and of my cup: thou maintainest my lot.
Jehovah is the portion of mine inheritance and of my cup: thou maintainest my lot.
Psalms 16:3 To the saints that are on the earth, and to the excellent [thou hast said], In them is all my delight.
Psalms 16:4 Their sorrows shall be multiplied that hasten after another: their drink-offerings of blood will I not offer, and I will not take up their names into my lips.
Psalms 16:5 Jehovah is the portion of mine inheritance and of my cup: thou maintainest my lot.
Psalms 16:6 The lines are fallen unto me in pleasant places; yea, I have a goodly heritage.
Psalms 16:7 I will bless Jehovah, who giveth me counsel; even in the nights my reins instruct me.
The verse centers on "jehovah", "portion", "mine", "inheritance", "thou", and "maintainest". It is saying that the verse draws attention to "jehovah" and "portion", so its meaning should be read from those terms before moving to application.
The nearby context moves from verse 4's "Their sorrows shall be multiplied that hasten..." into verse 6's "The lines are fallen unto me in...", so "jehovah" and "portion" belong inside that flow. In Psalms context, the local focus is worship, trust, the LORD's kingship, and covenant mercy.
A plain takeaway is to answer the verse's own emphasis on "jehovah" and "portion" with trust shaped by these words, not by a vague optimism outside the passage.