I just got the nod from our financial advisor, and....
Hey, I meant no disrespect. If that $55k is a small percent of your retirement portfolio, why would that change anything? Plus, like dadsbee said, you didn't lose $55k unless you sell when it's down.
Ah the hogwash about something being down 55K and it's not a loss because you didn't sell. Absolute BS sold to you by the brokerage houses/advisor industry. Some dipshit reporter on CNBC said that on Friday as well.
Buy stock worth 100K, it falls in value to 50K, try to get a loan against that asset for the 100K because, "you don't have a loss..." Good luck with that one. You'll get laughed out of the building.
The ONLY place that thinking is relevant is in realization of the loss for tax purposes. Regular investors have to finalize the trade to realize the loss unless you are "Mark to Market" recognition. Otherwise, if your net worth/equity/balance sheet are impaired from a fall in the stock market, YOU HAVE A LOSS at that point in time from peak value, etc.
Bazza, if you are under 60, don't sweat this stuff right now because you are still in a longer term horizon. Being down 55K on a 7.+ figure portfolio is better than the markets as a whole, NAS -14%, Dow -10%, SP -10%. Look on the bright side.
All the inflation stuff the last few years and the new "china trade good/bad" this years version going on is crazy. Some has been in the hopper for a long time. There is a huge reason that inflation was understated every year, think COLA...
Also, JMO, this is all a play to force the hand of central banks to lower rates so the US can refinance debt at more favorable rates. Just a WAG.