By John Sage Melbourne
If it doesn’t pay off the very first time,forget it.
Never stick with an investment because you believe it owes you money. How can an investment owe you anything? If initially you do not prosper,to hell with it.An investment is not a relationship that you can ‘save’ if you work harder at it or persevere longer. You know everything you require to understand about it now,you can see its performance right in front of you. Do not get connected to it,stay mobile– you do not get any extra points for loyalty here!
Minor Axiom XV: Never attempt to save a bad investment by “balancing down”Averaging down means buying 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 currently incurred.A better method is to take you loss and carry on.
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Do not protect with a failing investment. Maintain your flexibility to act on new investments without the referral to your present investment or trying to recuperate a loss position.
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