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What you are attempting to sell me, I'm not buying. If my net worth goes from 2 million to 10,000, I lost no matter if I needed it or not. If it recovered at some point to 2mm then I regained it but it was at some point lost.
Then I would suggest investing in bonds if volatility of your paper networth on any given day is so important to you.
You are wrong the net worth is lost. There isn't some magical "it didn't happen because I still have 20 years" if I lost 400k+ in a couple of weeks I might lose a minute of sleep
If you're a long-term investor, you really shouldn't lose any sleep in a bear market regardless of the dollar amounts you're playing with.
Unless you foolishly panic and go to cash after a big drop, your losses are only on paper, as mizz said, and as you surely must know.
You still own the same number of shares as you did before the bear market began.
The market has always come back (in fairly short order, in fact) in the past, and there's simply no reason to believe that it won't rebound strongly from future bear markets and continue its relentless march higher...
If you buy stock and it loses value, you have a loss. It may be temporary, but it's a loss nonetheless. The old "it's only a loss if you sell" is utter nonsense.
If you're a long-term investor, you really shouldn't lose any sleep in a bear market regardless of the dollar amounts you're playing with.
Unless you foolishly panic and go to cash after a big drop, your losses are only on paper, as mizz said, and as you surely must know.
You still own the same number of shares as you did before the bear market began.
The market has always come back (in fairly short order, in fact) in the past, and there's simply no reason to believe that it won't rebound strongly from future bear markets and continue its relentless march higher...
The paper loss it doesn't matter or it isn't real is bs. That's cool that markets eventually come back however you don't actually know if your investments would or how long it would take. I'm sure people loved 13+ years of 1% +/- real rate of return for the S&P 500, you know that was caused by many of those fake losses only on paper
If you buy stock and it loses value, you have a loss. It may be temporary, but it's a loss nonetheless. The old "it's only a loss if you sell" is utter nonsense.
I know people that are still holding on Enron positions. Their losses aren't real even though it says they are worthless
If you buy stock and it loses value, you have a loss. It may be temporary, but it's a loss nonetheless. The old "it's only a loss if you sell" is utter nonsense.
It is the truth. You own a piece of a company or a piece of a fund that owns pieces of companies, unless the drop in the market somehow changed the fundamental way those companies do business you didn't lose anything aside from a temporary change in the perceived value of that company.
Read the Buffett shareholder letter I linked. He agrees with Junkie and I.
I've noticed the people that see a stock as nothing more than a piece of paper that changes prices everyday seem to see it your way and the people that see a stock as partial ownership in a company see it my and Junkie's way.
I have a close friend who invested about $85k (foolishly, granted) in a particular stock several years ago. His investment is now worth about $50. I will just let him know it's not a loss until he sells and I'm sure that will snap him out of his deep depression.
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