General Discussion
In reply to the discussion: I Lost $7,000 Today and Trump is Gloating About It [View all]Warpy
(111,267 posts)That $7000 is paper profit that evaporated into thin air. Unless you panicked and sold that much of your portfolio, you haven't really lost a thing but a number on some paper, and that number should go back to what it was over the next few weeks. Nobody else really got your money, it's just gone. You can leverage about $14,000 less than you could on yesterday morning, that's the big change.
That's why the stock market is a casino and why we need to keep retirement out of it. No one has a guarantee of retiring just at the peak of the market and cashing out in an opportune manner. Paper value isn't something that can be counted on.
What can be counted on as long as the economy is still functioning are the dividend payouts, things that are assigned per share and not per share paper value.