Although we might feel quite clever or even smug from time to time, it is good to remind ourselves that we are not infallible and that we make mistakes.
In the same vein, it is quite impossible to make money in all our investments. Sometimes, we lose money. It is only natural. Of course, I always say that if we know our motivations for being invested, we will know what to do when thrown into any situation.
However, what if we were to suffer massive losses? Is the decision making process going to be any different?
Well, from a principled perspective, it shouldn't be any different. If an investment is no longer the investment it was, if it no longer fits our motivation for being invested, then, it should be removed from our portfolio. For many, this might be hard to do.
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Avoid investing with borrowed funds. |
I am assuming ......