Saturday, October 11, 2008

So, who got my money?


I bought a share at $5.
It rose in value to $7.
It crashed to $4, I panicked and sold it.

Did I lose $3? I think I only lost $1 and
the person who got that was the guy
who sold me the share for $5.

So what about the other $2? It only
existed as a potential had I sold when
the share traded at $7. Until you sell,
then, portfolio worth isn't money and
doesn't 'go' anywhere except away.

Feeling poorer as I now do, is actually
a 'correction' to not feeling so poor
a month ago.  Heh.   Sob.

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