Mohacsy's Safe Portfolio Member Forum

[10nisman]

You have to know yourself and that's something that's important to me. Losses for me are searing hot pain until they're closed out. It doesn't matter what you think. But some agree with me.

None of this adds up. You bought one share of VZ at $37.01 and instead of selling that one share when it declined, you bought 4 more shares. Based on your searing hot pain to losses, why didn't you sell your 1 share vs. buying 4 more shares? Also, why did you keep 1 share? Second, what is the point of investing, if you have "searing hot pain" with any losses? This means you're not wired to be an investor and should just buy short-term Treasuries.

BTW, if you need someone to tell you the obvious "not to lose money investing", you have much bigger problems. But appreciate you using the most overused investment quote in history. Sadly, if you actually listen to Warren, he wants his investments to decline so he can buy more shares at cheaper prices... He not only doesn't care about unrealized losses but wants them.

There is no successful investor who could have accumulated significant wealth, outperformed the market, etc., had they not been able to deal with / accept unrealized losses.