By John Sage Melbourne
If it doesn’t pay off the very first time,forget it.
Never ever remain with an investment since you think it owes you money. How can an investment owe you anything? If initially you don’t prosper,to hell with it.An investment is not a relationship that you can ‘conserve’ if you work harder at it or stay with it longer. You understand whatever you need to learn about it now,you can see its performance right in front of you. Don’t get connected to it,remain mobile– you don’t get any extra points for loyalty here!
Minor Axiom XV: Never ever attempt to conserve a bad investment by “balancing down”Averaging down implies buying into an investment that you are already in and loosing in the hope of balancing your buy in cost at a lower level in order to make up the loss you have already sustained.A much better strategy is to take you loss and move on.
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Speculative strategy
Don’t protect with a stopping working investment. Preserve your flexibility to act upon brand-new investments without the referral to your current investment or attempting to recuperate a loss position.
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