In physical terms as in actual, real money on the table or in my pocket. . .I have not lost a penny because I have not sold any shares. Maybe you're missing one of the points of my post. I am not a flipper or a daytrader who relies upon frequent transactions to generate cashflow. People who need this money to meet daily living expenses. I am in this for the long haul and daily/weekly/monthly share price fluctuations are of no consequence to me. I have the time to wait this out.