By John Sage Melbourne
If it does not pay off the very first time,forget it.
Never ever stick with an investment due to the fact that you believe it owes you money. How can an investment owe you anything? If in the beginning you don’t be successful,to hell with it.An investment is not a relationship that you can ‘save’ if you work harder at it or stay with it longer. You know whatever you require to understand 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 try to save a bad investment by “balancing down”Balancing down means buying into an investment that you are already 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 already incurred.A much better strategy is to take you loss and proceed.
Follow John Sage Melbourne for more expert property investment recommendations.
Don’t protect with a stopping working investment. Keep your liberty to act upon new financial investments without the reference to your present investment or attempting to recover a loss position.
For more details about establishing your wealth mindset,check out John Sage Melbourne here.