By John Sage Melbourne

If it doesn’t pay off the very first time,forget it.

Never remain with an investment because you think it owes you money. How can an investment owe you anything? If at first you do not be successful,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 whatever you require to understand about it now,you can see its performance right in front of you. Do not get attached to it,remain mobile– you do not get any additional points for commitment here!

Minor Axiom XV: Never try to conserve a bad investment by “balancing down”Balancing down indicates purchasing 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 make up the loss you have actually currently incurred.A better strategy is to take you loss and move on.

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Speculative strategy

Do not preserve with a failing investment. Maintain your flexibility to act on new investments without the referral to your current investment or attempting to recuperate a loss position.

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