Forum Archive Index - September 2000

[Phil Eriksen <phil@acepay.co.nz>]

Graeme & Jill Christie wrote:
> 
> Sorry Phil, got to agree with Brian. There is a big difference between
> an 'actual' loss (cash) and an 'unrealised'  loss if your shares
> temporarily lose value. That loss only becomes 'real' the moment you
> sell. 

Not wanting to carry this subject on too far, but if an unrealised loss
is not "real" answer me this question 

If your sole asset was $100,000 of Telecom shares, which then performed
horribly and dropped to $20,000, and I asked you what your net worth was
would your answer be $100,000 or $20,000?

Cheers,
Phil

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