Post by
quinlash on Jan 18, 2024 5:56pm
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Canopy to Repor
Charlie,
If your house goes up in value did you "make money"
If your house goes down in value did you "lose money"
Here's a reality I really wish people on stock forums could get straight. Whenever you own something, a home, a car, a stamp collection (anything) it constantantly changes in value based on what someone will pay for it at any particular time. A car for example may change in value over time from low to high depending on how popular that car gets or how hard it is to find used cars at other times.
Remember when chips were in short supply during lock-downs ? The used car market increased in value due to more people having to buy used cars as the new ones were waiting on chips.
Anyhow, the point is that you DO NOT MAKE, NOR DUE YOU LOSE a dime unless you sell. The only things that changes day over day is the current VALUE of your investment. What is low TODAY could be HIGH tomorrow (or next week / month etc).
When you speak to an experienced investor he / she will say things like "My Investments are UP today" or "My Investments are DOWN Today", they can only say they made a profit or took a loss when they opt to exit their trade.
Experienced investors have a thicker skin than most and can often look at a trade being DOWN and not worry about it as they are waiting longer term than most... they're in no rush what-so-ever.
Comment by
charlie007 on Jan 18, 2024 7:19pm
if your house was on fire would you stay in it? imo this is risky at the moment, i need to see earnings