By John Sage Melbourne
If it doesn’t pay off the first time,forget it.
Never ever stick with an investment since you believe it owes you money. How can an investment owe you anything? If initially you do not be successful,to hell with it.An investment is not a relationship that you can ‘save’ if you work harder at it or stay with it longer. You understand everything you need to understand about it now,you can see its efficiency right in front of you. Don’t get connected to it,stay mobile– you do not get any additional points for commitment here!
Minor Axiom XV: Never ever try to save a bad investment by “averaging down”Averaging down implies purchasing into an investment that you are currently in and loosing in the hope of averaging your buy in price at a lower level in order to make up the loss you have currently incurred.A better method is to take you loss and move on.
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Don’t preserve with a stopping working investment. Maintain your freedom to act upon new financial investments without the reference to your current investment or trying to recover a loss position.
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