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Forcing Things to Work

We've all faced situations in our lives where things just weren't working out. Instead of walking away from the situation, we sometimes choose to try and force a fit.

Whether we're talking business, career, or investing, it's often more prudent to cut losses early on -- or to avoid a situation altogether. Imagine you've been watching a certain stock fall in price over a long period of time. You may think the stock is "cheap" now, but as I always say, there's almost always a good reason a stock's price declines dramatically. Or maybe you already bought a stock that keeps falling, and you keep hoping it'll recover. In real estate, too, I've seen folks decide they "must have" a certain property, regardless of timing or price.

As a wise man once said, the only constant is change. Certain stocks that at one time seemed like no-brainers to buy, will evolve into investments you don't want to touch with a ten-foot pole. So, before we put the notion that we must make certain situations work for us, we need to step back and look at the big picture.


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Tuesday, 07 December 2021

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