Losing 182 billion dollars

General Discussion on the Permanent Portfolio Strategy

Moderator: Global Moderator

Post Reply
Fred
Executive Member
Executive Member
Posts: 318
Joined: Fri Aug 07, 2015 4:55 pm

Losing 182 billion dollars

Post by Fred »

http://www.bloomberg.com/news/articles/ ... ut-deepens

This headline article in bloomberg reminds me of when my dad, who died two years ago and kept ALL his money in cash, would ask me when there was some kind of dramatic market downturn event like this - how much money did I lose? I would always reassure him that I had lost nothing. I still owned all the stock and had, in fact, lost none of it.

Now if all those rich people did, indeed, sell their stocks and lock in their losses, the headline would be accurate. I tend to doubt that is the case so what, really, is the point of an article like this?
Last edited by Fred on Sun Aug 23, 2015 4:56 pm, edited 1 time in total.
User avatar
dualstow
Executive Member
Executive Member
Posts: 15261
Joined: Wed Oct 27, 2010 10:18 am
Location: searching for the lost Xanadu
Contact:

Re: Losing 182 billion dollars

Post by dualstow »

Yeah, it's nuts. Even the first sentence, as if a stranger's losses are also your own losses just because you're at the same level of wealth. Just another sensationalized headline I guess.
.
dutchtraffic
Executive Member
Executive Member
Posts: 242
Joined: Sat Apr 11, 2015 7:28 am

Re: Losing 182 billion dollars

Post by dutchtraffic »

Fred wrote: http://www.bloomberg.com/news/articles/ ... ut-deepens

This headline article in bloomberg reminds me of when my dad, who died two years ago and kept ALL his money in cash, would ask me when there was some kind of dramatic market downturn event like this - how much money did I lose? I would always reassure him that I had lost nothing. I still owned all the stock and had, in fact, lost none of it.

Now if all those rich people did, indeed, sell their stocks and lock in their losses, the headline would be accurate. I tend to doubt that is the case so what, really, is the point of an article like this?
The whole thing of "if i don't sell i don't lose anything" is obviously total garbage, why do you invest? To protect and/or grow capital, good luck holding paper assets that have near zero value then if markets tank and simply does not recover, but hey "you didn't sell so you did not lose anything", right?
Libertarian666
Executive Member
Executive Member
Posts: 5994
Joined: Wed Dec 31, 1969 6:00 pm

Re: Losing 182 billion dollars

Post by Libertarian666 »

dutchtraffic wrote:
Fred wrote: http://www.bloomberg.com/news/articles/ ... ut-deepens

This headline article in bloomberg reminds me of when my dad, who died two years ago and kept ALL his money in cash, would ask me when there was some kind of dramatic market downturn event like this - how much money did I lose? I would always reassure him that I had lost nothing. I still owned all the stock and had, in fact, lost none of it.

Now if all those rich people did, indeed, sell their stocks and lock in their losses, the headline would be accurate. I tend to doubt that is the case so what, really, is the point of an article like this?
The whole thing of "if i don't sell i don't lose anything" is obviously total garbage, why do you invest? To protect and/or grow capital, good luck holding paper assets that have near zero value then if markets tank and simply does not recover, but hey "you didn't sell so you did not lose anything", right?
People in that situation can take comfort in that theory, from their cozy cardboard boxes. :P
Fred
Executive Member
Executive Member
Posts: 318
Joined: Fri Aug 07, 2015 4:55 pm

Re: Losing 182 billion dollars

Post by Fred »

dutchtraffic wrote: The whole thing of "if i don't sell i don't lose anything" is obviously total garbage, why do you invest? To protect and/or grow capital, good luck holding paper assets that have near zero value then if markets tank and simply does not recover, but hey "you didn't sell so you did not lose anything", right?
Well, I think the IRS agrees with this assertion. Are you going to try to claim a loss if the market doesn't recover this year?
Post Reply