By John Sage Melbourne
If it doesn’t pay off the first time,forget it.
Never stick with an investment since you believe it owes you money. How can an investment owe you anything? If in the beginning you do not succeed,to hell with it.An investment is not a relationship that you can ‘conserve’ if you work harder at it or persevere longer. You understand whatever you require to learn about it now,you can see its efficiency right in front of you. Do not get connected to it,remain mobile– you do not get any extra points for commitment here!
Minor Axiom XV: Never attempt to conserve a bad investment by “balancing down”Averaging down means purchasing into an investment that you are currently in and loosing in the hope of balancing your buy in rate at a lower level in order to comprise the loss you have actually currently incurred.A much better strategy is to take you loss and carry on.
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Do not protect with a failing investment. Preserve your freedom to act on brand-new financial investments without the referral to your current investment or attempting to recuperate a loss position.
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