Sunday, October 26, 2008

Down, down, down.

Have had to watch the value of my investments drop dramatically over the past week or so. When I was coming up to retirement we had a talk by a very good financial adviser, and one of the things he said which has stuck with me was "As far as investments in stocks and shares are concerned, you've not made a profit until you take it, and equally you've not made a loss until you accept it. If you can possibly avoid it, never turn a paper loss into a real one". So I keep muttering to myself - it's just a paper loss, it's just a paper loss....

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