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re: Being "recession proof"
Posted on 7/8/13 at 8:02 pm to barry
Posted on 7/8/13 at 8:02 pm to barry
quote: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.
You technically only lost money if the stock took a dump and then you sold.
Posted on 7/8/13 at 9:26 pm to eelsuee
Well he did say "technically", it doesn't mean he views his portfolio that way.
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