Before you make an investment, you have to be aware of the big decisions that you have to do.  You cannot afford to make the wrong decision about your investments because it might be hard for you to recover.  Most unsuccessful investments were not admitted by investors that they are the ones to be blamed for its failure.  To succeed in an investment, you have to think of gaining and not focusing on how to prevent losses.  If the investor continues to find ways to get back on the losses, he might go deeper into the pit.  Never do risks like this to keep you from further losses.

Excerpts:

“They continue to invest more time and effort and money into it in the hopes that … it’s going to turn around.”

“When an investment starts to go sour, you may be better off thinking about what you can gain, instead of dwelling on how to prevent further losses.”

Original article can be found at:

http://www.theglobeandmail.com/globe-investor/personal-finance/how-to-cut-your-losses-on-a-bad-investment/article1915580/

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