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The Rules of Wealth, 3rd Edition by Richard Templar

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RULE 60

Don’t fiddle

Once you’ve worked out a strategy, leave it alone. There is no point fiddling, you’re unlikely to make it any better, and you might make it worse. Not only that but you could incur lots of extra charges or penalties if you start changing things after a short time. You have to know when to leave things alone. It’s like the proverb ‘look before you leap’. Look, look long and hard. Then make your plan and take your decisions. Then leave it alone – don’t mess with it.

Looking is weighing up the odds, seeking advice, considering the pros and cons. Leaping is acting on all that information. But once you have decided to leap, get on with it. Once you have formulated your plan, your objective, your strategy, your goals and targets ...

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