One of the most common and costly mistakes investors make is to get emotionally involved with their investments, whether they be real estate, stocks, or something else. When the investment tanks, they can’t let it go.

No matter how skilled you are or how much you know about investing, not every deal will be a winner. When you realize you’ve got a loser on your hands, the best strategy is to cut your losses and move on. Get rid of the bad investment and focus on adding profitable ones to your portfolio.

Carla Fried with Money Magazine puts it well: “If it isn't a good investment, sell. Period.” Click here to read her article, then take an honest look at your holdings.

Chief Blogger
Wealth Intelligence Academy