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re: Being "recession proof"

Posted on 7/8/13 at 8:02 pm to
Posted by eelsuee
2B+!2B
Member since Oct 2004
4504 posts
Posted on 7/8/13 at 8:02 pm to
quote:

You technically only lost money if the stock took a dump and then you sold.
This is a terrible way to view your portfolio. A lot of people believe this and it causes them to make bad moves, like ride a bad stock all the way into the ground believing they haven't actually lost the money yet. If you ask an expert if you should hold or sell a stock that you own, how much you paid for it will not factor into his decision, and it shouldn't.
Posted by rintintin
Life is Life
Member since Nov 2008
16227 posts
Posted on 7/8/13 at 9:26 pm to
Well he did say "technically", it doesn't mean he views his portfolio that way.
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