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Learning to Take Small Losses Quickly

Nov 11, 2010 | Behavioral Finance, Personal Finance

One important lesson in managing a portfolio is:

Take your losses quickly and move on!

We’re all going to make mistakes. The right thing to do is admit it was a mistake, sell the loss, and move on to your next investment.

It’s that simple. It’s what separates the pros from the amateurs.

CLICK FOR FULL ARTICLE – LEARNING TO TAKE SMALL LOSSES QUICKLY

 

 

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885 Arapahoe Ave.
Boulder, CO 80302
303-747-6455
mike@generositywealth.com

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Check the background of this investment professional on FINRA’s BrokerCheck

Registered Representative of and securities offered through Cambridge Investment Research, Inc. Member FINRA/SIPC to residents of: Alaska, Arizona, California, Colorado, District of Columbia, Florida, Iowa, Massachusetts, Michigan, Missouri, Nebraska, Nevada, New Jersey, New Mexico, New York, Tennessee, Texas, Washington, Wyoming and the US Virgin Islands.

Investment Advisor Representative, Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Generosity Wealth Management, LLC and Cambridge Investment Research, Inc. are not affiliated companies.

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