I see where you a coming from... and even have pondered similar concepts about the market.
However, I did not imagine that had 169,000 in real money and now I have only 70,841. A net loss of 98,418. I did not imagine that that my money is worth less. There is less of it. And if you were to counter that it's only a "paper loss" because the value of the stock will change again. Well, that may be true for 43,488 of that "loss" since I still own the stocks associated with the original investment. But, it could still end up being at zero instead of going up in "perceived value" again.
However, 59430 is a tangible loss since I had to sell the actual stock (to preserve the last tiny bit of real money it had left) and take an actual loss when about 20 class action lawsuits were filed against the fund and its managers for purposely misleading investors in this stock as to its concentration of certain other stocks.
So, even if I followed your #3, it doesn't bring back the real money that is now gone.
![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
no subject
Date: 2009-03-23 03:20 pm (UTC)However, I did not imagine that had 169,000 in real money and now I have only 70,841. A net loss of 98,418. I did not imagine that that my money is worth less. There is less of it. And if you were to counter that it's only a "paper loss" because the value of the stock will change again. Well, that may be true for 43,488 of that "loss" since I still own the stocks associated with the original investment. But, it could still end up being at zero instead of going up in "perceived value" again.
However, 59430 is a tangible loss since I had to sell the actual stock (to preserve the last tiny bit of real money it had left) and take an actual loss when about 20 class action lawsuits were filed against the fund and its managers for purposely misleading investors in this stock as to its concentration of certain other stocks.
So, even if I followed your #3, it doesn't bring back the real money that is now gone.
Just something to ponder :)