“On paper. Unless the companies go belly up, or they were planning on selling the stocks, it hasn’t really changed their wealth. If you owned 5% of a profitable company a week ago, you still own 5% of a profitable company.”
Unless of course you want to sell. Then you’re SOL.
Right?
That's what I said. But "the rich" don't have to sell them for their retirement. The billionaires can afford to hold them, and buy more at the bottom.
Any money needed in the next 5-7 yrs should not be invested in equities.
This sort of common sense advice has been around for yrs. Also no one should ever invest money they cannot afford to lose. The stock market is a gamble and there are no guarantees.
that’s why they call it investing, and not printing money.