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<p>[QUOTE="Cloudsweeper99, post: 881240, member: 3011"]I think the most useful way to think about gains and losses is to consider them as the difference between what you paid and what you could probably sell for today[including expenses]. The idea that there is no gain or loss until a sale frequently leads people to hold onto losing investments way too long because of the mental trick they play on themselves that there is no loss as long as there is no sale. It is more useful and realistic to continuously mark-to-market in your mind to avoid self-deception about whether your are gaining or losing money.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 881240, member: 3011"]I think the most useful way to think about gains and losses is to consider them as the difference between what you paid and what you could probably sell for today[including expenses]. The idea that there is no gain or loss until a sale frequently leads people to hold onto losing investments way too long because of the mental trick they play on themselves that there is no loss as long as there is no sale. It is more useful and realistic to continuously mark-to-market in your mind to avoid self-deception about whether your are gaining or losing money.[/QUOTE]
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