Comments for Cut Your Losses at http://www.dailyworth.com , comment 1 to 2 out of 2 comments http://www.dailyworth.com Sun, 01 Aug 2010 01:19:49 +0100 FeedCreator 1.7.3 http://www.dailyworth.com/blog/271-cut-your-losses#comment-273 Thanks for your thoughts! I agree. That said, in hindsight, this post might have been a little confusing for people who heard the repeated advice during the recent crisis, to stand pat, and NOT ditch their investments (lest they "lock in the losses"). That was good advice, under those very unusual circumstances. Generally speaking however, it's important to do the math--whether you're talking about Netflix, a relationship or a mutual fund. The bottom line, especially when it comes to financial issues (personal ones are a bit more murky), is that if you don't get a decent return on your investment, you need to be willing to walk away. - MP Dunleavey Tue, 20 Oct 2009 14:25:05 +0100 http://www.dailyworth.com/blog/271-cut-your-losses#comment-258 This can apply to many aspects in life: you don't have to stay in a position at work (friendship, relationship, monetary investment...) that is going nowhere, just because you've invested a lot of time or effort, in it. If the 'investment' is paying off little or nothing, then you've already lost it. It does no good to hang on & is generally better to 'cut your losses' & invest your time (money, friendship...) elsewhere, where the chances for return are better. We too often hang on, hoping things will get better when, past performance has shown that they won't, until we change something. Thank you for posting! - samsstuff Wed, 14 Oct 2009 09:33:47 +0100