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<p>[QUOTE=&quot;GDJMSP, post: 714912, member: 112&quot;]Cloud I am not misleading anyone, not in the least. You, like a great many other people, always seem to think that you have a profit on something that you still own. Well you don&#039;t. As I have said 100 times now you cannot have a profit or a los suntil to sell what whatever it is you own. End of story.</p><p><br /></p><p>Yes, you can have paper profits, they are also known as unrealized gains. The key word there being <u>unrealized</u>. Know why they call it unrealized ? Because you don&#039;t have a profit or loss yet. You have a maybe, or call it an IF if you prefer. Meaning, <b>IF</b> I sell today while th eprice is still up, I will have a profit. But <b>IF</b> I wait until next year then the price may drop and then I will have a loss.</p><p><br /></p><p>It&#039;s just like with a football game. Team 1 leads the game for all 3 quarters and well into the 4th quarter. So, they have a profit according to you. But midway through the 4th quarter Team 2 scores 4 touchdowns and at the end wins the game ! What happend to Team 1&#039;s profit ? Where did it go ?</p><p><br /></p><p>Well it din&#039;t go anywhere because they never had one. They had an unrealized gain or an unrealized profit.</p><p><br /></p><p>But turn the tables and have Team 1 stop Team 2 at the goal line and Team 1 wins the game. NOW they have a profit ! It&#039;s the game is over, the sale has been made. But until the end of the game, they haven&#039;t won anything.</p><p><br /></p><p>Investing is exactly like that. You cannot have a profit until you sell.</p><p><br /></p><p>&nbsp;</p><p><br /></p><p>Now I have no idea where you got that idea from. I have never said anything even remotely like that.[/QUOTE]</p><p><br /></p>

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