I agree you don't count it until you sell.
On the other hand, Trump, who knows something about making money, points out that money is made by buying smart, as Kenny pointed out:
Quote:
Originally Posted by Kenny B!
Right, but at some point when a stock is tanking where do you cut your losses? Take the great Nortel and now RIM both were supposed to be solid companies, one went from $125 to nothing and the other $125 to now $19... sell or hold all the way down, either way you can consider it a loss.
Two examples of hundreds out there. I'll invest in something I have some control over.
People make a killing on the market, I made fantastic money for a while. Then like at the black jack table I gave most of it back.
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RIM was an upstart with a single product computing against much better capitalized, experienced, and diversified competitors like Motorola, in a fast moving and highly competive tech market. It was a long shot from the get-go. At $10-$20 it was a gamble. At it's peak of $125 it was a bad buy, period.
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