Taking risk is important in life. But, at the same time it’s very important to calculate the risk, before plunging into unknown territory recklessly. Edmund H. North has aptly put it in his quote. He states that “I think there’s a difference between gamble and calculated risk”. As a beginner it is very easy to be elated at profits and panic at losses. What you need to learn from experience is to make the most the profits and to tackle and reduce the losses effectively.
The most important aspect is to invest the right amount in the first place. No one should invest more money than they can afford to lose. Added to that there is no point in investing huge amount into something wherein the profits are little. For example it would be meaning less to invest £100 if the gains are going to be £10.Before investing your money you need to make a rational, well-thought of and studied plan. By doing that you would have better control over your finance.
Remember, “A chance is what you take before you think about it. A calculated risk is what you take after you have evaluated all possible factors and have determined that risk.”-Craig Elliot
All the Best and Stay in Touch.
- Sincerely Yours -
Success Coach Nilesh
#1 Success Strategist
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