Don't go too far with mental accounting

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#14
(23-10-2012, 01:06 AM)corydorus Wrote: "10% yielding safe instruments" - Sounds like a Dream. How can i find one ?
Ha! Ha!
Plenty 10% or even higher but for how long before you return it almost all and then some with your invested capital. Better buy some snake oil and roadside medicine. Caveat emptor!
WB:-

1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.

Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.

NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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RE: Don't go too far with mental accounting - by Temperament - 23-10-2012, 06:20 AM

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