Quote:
Originally Posted by Leon
I understand what you are saying. But it is still a mental-thing to see your account at one number and down a lot (mine is down over 25% as I am all in, on tech).
I am not selling anything but am just more careful on spending too much. Everyone is different. A lot of people, maybe most, aren't sensitive to the market. I still sleep well as only approximately 10% of my assets are in the market. But still.....I look at what pre war cards I could have bought with my on-paper market losses. I could have had a lot of Ruths or Cobbys!
I need to see a card...
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+1. There's a large body of research that validates your point. We are fundamentally not 100 percent rational when it comes to most decisions, and losses hit us mentally a lot harder than wins.