I do not agree on the loss thing. He has lost it. Will he get it back
. Ask those who owned GM stock
Health south stock
most bank stocks
. He is heavy in insurance stocks as he is the CEO of a major insurance company. I doubt those are going to rebound any time soon as they were inflated to begin with.
By the way, it is quite easy for one to say, well its only a paper loss. How many can stand the heat if it gets worse? I think many remember the last bubble that busted. Its funny how many people got right back in after that. Now lets see who stays and who takes the money and runs. I have never owned any stock and do not plan on ever buying any. I just do not trust how these companies are run. I wonder how many knew the market was going down now? I bet a few insiders did. Would they tell you.
What is wrong with just making money and then just saving it? I know many here will tell me inflation will eat away at your cash. Well what about the current market crash?? I am old fashion. I have my money in real estate that I bought 35 years ago, Cd's and some gold coins. Not the gambling stock market. Oh I forgot, the stock market is investing, not gambling
Hope all here that is in heavy makes out OK. I do not want to see anyone loose their life saving. Later. Tom