By John Sage Melbourne
If it doesn’t pay off the first time,forget it.
Never stay with an investment due to the fact that you think it owes you money. How can an investment owe you anything? If in the beginning 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 understand about it now,you can see its efficiency right in front of you. Do not get connected to it,stay mobile– you don’t get any additional points for loyalty here!
Minor Axiom XV: Never try to conserve a bad investment by “balancing down”Balancing down indicates 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 already incurred.A better strategy is to take you loss and proceed.
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Do not protect with a failing investment. Maintain your flexibility to act on new financial investments without the referral to your current investment or trying to recover a loss position.
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