Cutting your losses....

I learnt from an article "If you want to build wealth, you must learn to cut losses". This is very true. As most of the time, you can not be 100% right when come to investment. Even Guru "Warren Buffet" have lost money; because he cannot get it 100% right all the time.

Key point from the article:

1. You cannot win all the time

2. Some of your investments will turn out to be losers and most important of all

3. You must sell them even at a loss

If you cannot or will not do this, it is very unlikely that you will build wealth. So if an investment is not performing, sell it off even at a loss and then put whatever is left to better use in other investments.