By John Sage Melbourne
If it does not pay off the very first time,forget it.
Never ever stay with an investment since you think it owes you money. How can an investment owe you anything? If in the beginning you do not prosper,to hell with it.An investment is not a relationship that you can ‘conserve’ if you work harder at it or stick with it 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 commitment here!
Minor Axiom XV: Never ever try to conserve a bad investment by “averaging down”Averaging down implies buying into an investment that you are already 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 already sustained.A better method is to take you loss and proceed.
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Do not maintain with a failing investment. Maintain your liberty to act on new financial investments without the referral to your current investment or trying to recuperate a loss position.
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