By John Sage Melbourne
If it doesn’t settle the very first time,forget it.
Never ever stick with an investment since you think it owes you money. How can an investment owe you anything? If initially you don’t be successful,to hell with it.An investment is not a relationship that you can ‘save’ if you work harder at it or persevere longer. You understand everything you need to learn about it now,you can see its efficiency right in front of you. Do not get connected to it,stay mobile– you don’t get any additional points for commitment here!
Minor Axiom XV: Never ever try to save a bad investment by “averaging down”Averaging down suggests purchasing into an investment that you are currently in and loosing in the hope of averaging your buy in cost at a lower level in order to make up the loss you have actually currently sustained.A better method is to take you loss and proceed.
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Do not preserve with a failing investment. Preserve your liberty to act upon new financial investments without the recommendation to your current investment or trying to recover a loss position.
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