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Reply to "Entire stock portfolio down 50% in one year"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Someone wise in Bogleheads told me once, “You only lose when you sell.” Eventually his portfolio will go back up and you will have a lot of money again.[/quote] Not necessarily. In 2001 I bought into a hot tech firm called Real Networks (YouTube before YouTube). Nope, out of business. Tech is finicky. Not all survive.[/quote] I was going to post this. I am not sure if any of those companies other than Amazon are profitable. Like Lemonade is fairy well known and still does has not turned a profit. Fed is raising rates, investing funds will dry up and lots of unprofitable businesses will zero out. I would simply liquidate any unprofitable company from that list; you run the risk of it all going to zero as the Fed tightens. You have $1.5M in your 401k? That’s way more than most people do (I mean $30k / year is limit, so clearly you invested aggressively and had huge gains to get to $1.5M from probably $450k invested). So you had some pull back because that high risk bit you, but you are hardly behind. BUT with only 15 unprofitable stocks on your portfolios the risk of it going to almost zero is radically high. Do you have cash investments besides your home equity (also amazingly high for your age) significant enough that you can write these off?[/quote]
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