Cut Your Losses Fast
January 12, 2013 Leave a comment
And here’s why……..
What’s the chance that your losers will give the sort of chart busting returns to recoup your losses?In the mean time you are losing the chance to earn at least savings bank returns on your money.You don’t get to spend the sort of money your managers are losing you.Inflation is making the remaining less valuable.And you are losing out on money you could make by reinvesting in better avenues.
Its painful to lose money but more painful to stick with the losers.
” The man who comes up with a means for doing or producing almost anything better, faster or more economically has his future and his fortune at his fingertips.” – J Paul Getty
“The #1 guideline to success is you must be in business for yourself.When you work for someone else, you sell your time at wholesale to your employer, who then re-sells it at retail to the customer.” – J Paul Getty
wealthymatters 