Whatever we do in life, there will be times when things won’t work out as per our plan. The smart thing to do in such case would be to realign your plan with current realities and restart with vigor. Sitting and hoping won’t help.
Similarly, whatever analysis and research we do, some of our investments will turn bad. Sitting and hoping won’t help here as well. Identifying bad investments and exiting them dispassionately will do wonders to your investment portfolio. Risk management in wealth creation is an ongoing process. This should never stop.
Asset Allocation and a well defined exit strategy are the cornerstones for successful investing!!!