Namara <-----Long and Lovin it!
That doesn't sound right :0
"Sean Clare" <tirmi...@geocities.com> wrote in message
I've heard that concept before, but disagree strongly with it. If
everything you own files bankruptcy and disappears, but you never sold
it, have you lost nothing? The rest is just a matter of degree.
I regularly mark my holdings to market in my own mind.
JMHO, and not investment advice.
Oh well this dummy still staying . That's me over by the door holding it open
for all the smart money to leave. I'll get the lights.
Namara < ---- workin a door again. ;-)
What you say is true, but it is so obvious that it is not worth stating.
If a stock you held ( hypothetically of course, because all your picks
are "good strong" companies ) went bankrupt, would you say there
was no loss, because you never sold it ? If the worse thing that could
possibly happen to you happened, and you needed every dime, would
now be the best time to sell ? Maybe, maybe not. The fact is, even
long termers have cause to be concerned about the VALUE of their
holdings sometimes, and that is a legitimate concern. Sometimes,
long term can become LOOOONG term.
Good fortune to you.
No, if the value of your stocks is less today than yesterday, you have lost.
If it is worth less than you paid for it, you have lost. If you have spent
your paper profits, and the stock is worth less than the combination of what
you paid for the stock and the amount you spent of your paper profits, you
The STOCK DOESN'T KNOW YOU OWN IT. THE STOCK DOESN'T KNOW WHERE YOU BOUGHT
IT. THE STOCK IS UNDER NO OBLIGATION TO EVER GO BACK TO THE PRICE YOU PAID
Imagine you bought and 'still own' Drexel, or Yamaiichi. Maybe you didn't
sell yet, but guess what, you lost.
A paper gain is a paper gain, but a paper loss is REAL MONEY.