David's Pet Peeves, 2017 Edition: "You Haven't Lost Money Till You Sell"
On this week's Rule Breaker Investing podcast, Motley Fool co-founder David Gardner takes a break from his usual topics and generally upbeat outlook to dig into some things that just irk him. He thinks we'd all be better off retiring some phrases from our vocabularies, because they're linked to ideas we'd do well to dump as well.
High on his peeves list is a common idea in the world of investing: that even if an investment has fallen in value since you bought it, the losses aren't "real" until you sell the asset and officially book them. You think so? He has a little experiment you might want to try.
A full transcript follows the video.
Source: Fool.com