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BWM28

932 Posts.

298

31/08/19

14:47

Post #: 40260916
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Originally posted by heavenlyhaloes: ↑

Some food for thought: best not to think of the PRL debacle as money you lost that needs to be recouped. Thats a gamblers mentality and is what keeps a gambler hooked to something to try and make it come good, while ignoring other opportunities that have a better chance of working out. This is the sunken cost fallacy. Past is the past. The money was lost, and you are starting afresh from a newer base. Going forward with WGO or anything else is a new reality, and a new opportunity, independent of what happened before.

I did lose money on PRL, but thats the past. On WGO i have quadrupled my investment, with more to come. Its a healthier way to think of it, and means you will be more objective and likely more profitable in working out your exit strategy, which will not be framed in reference to the past PRL investment, but the WGO one in the present moment.

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We are talking about where we averaged out nothing more. We are all on this bus and doing well..

WGO Price at posting: 37.0¢ Sentiment: Buy Disclosure: Held
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