You don’t have a loss until you sell.
I am reminded of that during the current tech wreck.
I have a retirement account, which for a while was worth over $1 million. It’s worth just two-thirds of that now.
But that’s OK. Because the account includes about $140,000 in cash. I can buy some stocks. I don’t have to sell any. I can wait out the bear market.
The stocks I own are all in real companies, most of them profitable. I have some dogs that may not come back, like Cloudflare and Upstart. But Amazon will rise again. So will Google, Microsoft, and Nvidia. Bitcoin won’t come back (I hope), nor the rest of the cryptotrash. There’s still almost $1.22 trillion locked in that garbage. There are losses still to come.
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