By John Sage Melbourne
If it does not settle the very first time,forget it.
Never ever stick with an investment because you believe it owes you money. How can an investment owe you anything? If initially you don’t 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 everything you need to learn about it now,you can see its efficiency right in front of you. Do not get connected to it,remain mobile– you don’t get any additional points for loyalty here!
Minor Axiom XV: Never ever attempt to conserve a bad investment by “averaging down”Balancing down means buying 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 comprise the loss you have actually currently sustained.A better technique is to take you loss and carry on.
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Speculative technique
Do not protect with a failing investment. Maintain your flexibility to act upon brand-new investments without the reference to your existing investment or attempting to recover a loss position.
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