So, you made an investment that didn’t work out. The first step is to take a deep breath.
Bad investments can happen. One misstep doesn’t mean you can’t recover your investment. In the long run, it may even make you a more experienced and skillful investor.
An investment, by nature, is some sort of deployment of capital in order to make a profit. Investors should know that in order to make money, they might have to take a risk.
In fact, risk and return are two sides of the same coin. Generally speaking, to have a chance at a higher reward, you must assume a higher risk. Assuming risk means taking the chance that you might lose money. There are no free lunches.Read more