When in SKS, Just Press SOS

When you are faced with a situation like SKS, where you have invested a lot of your hard-earned money only find it all gone, it’s always good to press the distress signal (SOS – save our ship, or save our souls) instead of drowning with the leaking ship.

As Warren Buffett once said, “Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.”

In investing parlance, this simply means – cut your losses, come out of such stocks, and whatever you are left with, invest in better-managed businesses.

The longer you’ll stay put with your losses (and your ego), the more you’ll bleed.

So just cut it short. Take your lessons, and move ahead

The author is Vishal Khandelwal, promoter of Safal Niveshak. Vishal, with his vast experience as a stock market analyst trains people to become sensible and successful investors. You can read his articles and reach him through https://www.safalniveshak.com/